IDFC First Bank offers fixed deposits to depositors seeking secure investment and guaranteed returns. The bank offers flexible tenure options that depositors can choose from along with competitive interest rates.
IDFC FD interest rates range from 3.00% to 7.75% p.a. helping customers grow their savings over a set period. The bank also offers special benefits for senior citizens including a higher interest rate of 0.50% p.a. Compare interest rates and get the best of returns on the tenure of your choice.
IDFC Bank FD Rates 2024 (Below 2 Crores)
The table given below provides an overview of the interest rates offered according to various IDFC FD tenures for deposits below Rs. 2 crores.
| FD Tenures | Interest Rate for Non-Senior Citizen |
|---|---|
| 7 days to 14 days | 3.00% p.a. |
| 15 days to 29 days | 3.00% p.a. |
| 30 days to 45 days | 3.00% p.a. |
| 46 days to 90 days | 4.50% p.a. |
| 91 days to 180 days | 4.50% p.a. |
| 181 days to less than 1 year | 5.75% p.a. |
| 1 year | 6.50% p.a. |
| 1 year 1 day to 548 days | 7.50% p.a. |
| 549 days to 2 years | 7.75% p.a. |
| 2 years 1 day to 3 years | 7.25% p.a. |
| 3 years 1 day to 5 years | 7.00% p.a. |
| 5 years 1 day to 10 years | 7.00% p.a. |
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*Note- The interest rates are subject to change. Please check the IDFC First Bank official website for the latest information.IDFC Bank Senior Citizen FD Rates
IDFC First Bank FD rates for senior citizens are given at a higher rate of 0.50% p.a. over the interest rate given to non-senior citizens. Here are the IDFC FD interest rates for senior citizens for deposits of under 2 crores:
| FD Tenures | Interest Rate for Senior Citizens |
|---|---|
| 7 days to 14 days | 3.50% p.a. |
| 15 days to 29 days | 3.50% p.a. |
| 30 days to 45 days | 3.50% p.a. |
| 46 days to 90 days | 5.00% p.a. |
| 91 days to 180 days | 5.00% p.a. |
| 181 days to less than 1 year | 6.25% p.a. |
| 1 year | 7.00% p.a. |
| 1 year 1 day to 548 days | 8.00% p.a. |
| 549 days to 2 years | 8.25% p.a. |
| 2 years 1 day to 3 years | 7.75% p.a. |
| 3 years 1 day to 5 years | 7.50% p.a. |
| 5 years 1 day to 10 years | 7.50% p.a. |
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*Note- The interest rates are subject to change. Please check the IDFC First Bank official website for the latest information.IDFC Bank Fixed Deposit Rates (2 to 5 Crores)
IDFC First Bank offers the following fixed deposit rates for the applicable tenures for amounts of 2 to 5 crores:
| FD Tenures | Interest Rates % (p.a.) Non-senior citizen | Interest Rates % (p.a.) Senior Citizens |
|---|---|---|
| 7 days to 14 days | 5.25% | 5.75% |
| 15 days to 35 days | 5.50% | 6.00% |
| 36 days to 45 days | 5.90% | 6.40% |
| 46 days to 60 days | 6.35% | 6.85% |
| 61 days to 91 days | 7.00% | 7.50% |
| 92 days to 180 days | 7.35% | 7.85% |
| 181 days to 270 days | 7.50% | 8.00% |
| 271 days to 365 days | 7.55% | 8.05% |
| 366 days to 399 days | 7.80% | 8.30% |
| 400 days to 499 days | 7.65% | 8.15% |
| 500 days to 540 days | 7.65% | 8.15% |
| 541 days to 731 days | 7.65% | 8.15% |
| 732 days to 1095 days | 7.50% | 8.00% |
| 3 years 1 day to 5 years | 7.25% | 7.75% |
| 5 years 1 day to 8 years | 7.25% | 7.75% |
| 8 years 1 day to 10 years | 7.25% | 7.75% |
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*Note: Interest rates may vary and are subject to change. For the most up-to-date information, kindly refer to the official IDFC First Bank website.Ready to take the next step?
IDFC Bank Fixed Deposit Rates For Tax Saving Deposit
IDFC First bank also offers tax saving deposits for domestic deposit accounts only for amounts less than 2 crores. Here are the FD rates offered by IDFC:
| Tax Saver Deposit Tenure | Interest rate% (p.a) |
|---|---|
| 5 years | 7.00% |
Curious about your IDFC FD Interest & maturity amount? Use a FD calculator! Before you deposit your money in FD, it's wise to estimate your potential return / maturity amount. Use IDFC FD Calculator to calculate your FD interest & maturity amount.
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IDFC Bank FD Rates for NRI
IDFC First Bank offers fixed deposits for Non-resident Indians to help them grow their savings overtime. It offers NRE, NRO and FCNR deposit accounts that NRIs can invest in.
The IDFC NRE FD rates and NRO rates are as follows:
| FD Tenures | Interest Rate %(p.a.) |
|---|---|
| 7 days to 14 days | 3.00% p.a. |
| 15 days to 29 days | 3.00% p.a. |
| 30 days to 45 days | 3.00% p.a. |
| 46 days to 90 days | 4.50% p.a. |
| 91 days to 180 days | 4.50% p.a. |
| 181 days to less than 1 year | 5.75% p.a. |
| 1 year | 6.50% p.a. |
| 1 year 1 day to 548 days | 7.50% p.a. |
| 549 days to 2 years | 7.75% p.a. |
| 2 years 1 day to 3 years | 7.25% p.a. |
| 3 years 1 day to 5 years | 7.00% p.a. |
| 5 years 1 day to 10 years | 7.00% p.a. |
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IDFC First Bank FCNR FD Rates
The bank offers FCNR accounts in US dollars (USD), British Pounds (GBP), Euro (EUR), Australian Dollars (AUD), Singapore Dollar (SGD).
The IDFC First FD rates for FCNR deposits of up to 1 million are:
| Tenure | USD | GBP | EUR | AUD | SGD |
| 1 year to < 2 years | 5.85% | 4.45% | 3.05% | 4.00% | 4.25% |
| 2 years to < 3 years | 5.30% | 4.00% | 2.65% | 4.45% | 3.25% |
| 3 years to < 4 years | 4.75% | NA | NA | NA | NA |
| 4 years to < 5 years | 4.95% | NA | NA | NA | NA |
| 5 years | 4.50% | NA | NA | NA | NA |
The IDFC First FD rates for FCNR deposits of above 1 million are:
| Tenure | USD | GBP | EUR | AUD | SGD |
| 1 year to < 2 years | 6.00% | NA | NA | NA | NA |
| 2 years to < 3 years | 4.50% | NA | NA | NA | NA |
| 3 years to < 4 years | 4.00% | NA | NA | NA | NA |
| 4 years to < 5 years | 4.00% | NA | NA | NA | NA |
| 5 years | 4.00% | NA | NA | NA | NA |
Features & Benefits of IDFC Bank Fixed Deposit
- Risk-free returns: IDFC FD accounts are not affected by market conditions, making them risk-free and safe with assured returns.
- RBI insurance: RBI insures FD deposits of up to 5 lakhs, ensuring security for depositors.
- Loan facility at low interest rate: Depositors can get up to 90% loan of your deposit at interest rates 2% higher than the FD interest rate.
- Premature withdrawal: The bank offers the option to liquidate the fixed deposit in case of emergencies.
- Flexible interest payout: You can choose monthly, quarterly or yearly interest payout based on your needs.
- IDFC Tax saver FD: You can invest in tax saving FD and save up to 1.5 lakhs yearly.
- Senior citizen benefits: The bank offers a higher interest rate of 0.50% to senior citizens, thereby getting better IDFC FD interest rates. Senior citizens also enjoy penalty free premature withdrawal of fixed deposit.
- Tenure flexibility: IDFC fixed deposits offer FD accounts for various tenures ranging from 7 days to 10 years. HElping you choose the best one that suits your needs.
IDFC Bank FD Account Eligibility
The eligibility criteria to open an IDFC First bank FD account are:
- The individual must be an Indian citizen or NRI.
- Trusts, Public and Private Limited Organisations, Sole Proprietorships, Partnerships are eligible to open an Indian Bank FD account.
- Hindu Undivided Families (HUFs) are eligible.
Documents Required to Open IDFC Bank FD
Several documents are required by the bank for you to open an IDFC FD account, these are:
- Aadhaar Card
- Passport
- Voter ID
Premature Closure of IDFC Bank Fixed Deposit
Fixed deposits are long-term investment options, however when unforeseen emergencies happen, depositors can have the option of prematurely closing the account. Withdrawing your fixed deposit funds before the completion of the maturity date is allowed however it can incur penalties. In IDFC First bank, senior citizens are not subject to penalties for premature closure of their fixed deposit account.
Types of IDFC Bank Fixed Deposits
IDFC First Bank offers a wide range of fixed deposits that provides different investors the opportunity to meet their diverse financial goals. These FDs offer flexible tenures and interest rates that depositors can benefit from, the different types of FDs are:
Standard Fixed Deposit
This type of IDFC FD offers customer flexible tenures ranging from 7 days to 10 years with interest rates that are higher than normal savings accounts.
Senior Citizen Fixed Deposit
This fixed deposit is offered to citizens who are 60 years of age and above. These senior citizens can enjoy additional interest rates of 0.5% over the normal interest rate along with a penalty free premature withdrawal.
Super Senior Citizen Fixed Deposit
A super senior citizen can open this fixed deposit account and get preferential treatment where they can enjoy the following benefits:
- Higher interest rates over and above the interest rate given to regular senior citizens.
- They can easily withdraw their IDFC FDs before the maturity date without any penalty incurred.
- These customers can enjoy the sweep out facility in their CASA account.
- Enjoy a quick account opening process via net banking or mobile banking.
Flexi Fixed Deposit
Flexi fixed deposits are FDs that are linked to the depositor’s savings account or current account. The features of this FD type are:
- Customers can open an IDFC FD account and deposit an initial amount into the account, they can then link the account to their savings or current account.
- Depositors in this FD type can also put a maximum limit on their savings and current account balances. If the balance exceeds that limit, the excess amount is transferred to the FD account automatically.
- This sweep-out facility can be set up at any bank branches, however, it is only available to senior citizens, minors and non-individuals.
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