The best choice for those who are sceptical about risk is fixed deposit accounts. Fixed deposits accrue interest over a predetermined period of time on the sum deposited. With attractive IDFC First Bank FD rates, varied investment terms, and a number of user-friendly features like no penalty for early withdrawals for elderly citizens, IDFC Bank rates provide fixed deposits. For terms ranging from seven days to 10 years, IDFC FD interest rates are in the range of 3.50% p.a. to 7.50% p.a. On all tenures, IDFC First Bank FD rates for senior citizens receive an extra 0.50% interest.
IDFC First Bank FD Rates Tax Saver Deposit 2023
IDFC FD rates on tax saver deposit for domestic citizens (less than 2 crores) is as follows. The rate mentioned is valid from July 2023:
Tenure | Interest% |
5 years | 7.00% |
IDFC FD Interest Rates 2023 < 2 crore
Tenure | FD rates for general citizens | FD rates for senior citizens |
7 – 14 days | 3.50% | 4.00% |
15 – 29 days | 3.50% | 4.00% |
30 – 45 days | 4.00% | 4.50% |
46 – 90 days | 4.50% | 5.00% |
91 – 180 days | 5.00% | 5.50% |
181 days – 1 year | 6.50% | 7.00% |
1 year 1 day – 550 days | 7.50% | 8.00% |
551 days – 2 years | 7.25% | 7.75% |
2 years-1 day – 749 days | 7.25% | 7.75% |
750 days | 7.25% | 7.75% |
751 days – 3 years | 7.25% | 7.75% |
3 years 1 day – 5 years | 7.00% | 7.50% |
5 year 1 day – 10 years | 7.00% | 7.50% |
IDFC Bank FD Rates 2023 > 2 crore
Tenure | Interest rate% (Rs. 2 crore to Rs. 5 crore) |
7 – 14 days | 5.25% |
15 – 35 days | 5.30% |
36 – 45 days | 5.55% |
46 – 60 days | 5.85% |
61 – 91 days | 6.40% |
92 – 180 days | 7.05% |
181 – 270 days | 7.20% |
271 – 365 days | 7.25% |
366 – 399 days | 7.60% |
400 – 499 days | 7.50% |
500 – 540 days | 7.50% |
541 – 731 days | 7.50% |
732 – 1095 days | 7.25% |
3 years 1 day – 5 years | 7.20% |
5 Year 1 day – 8 Years | 7.20% |
8 Year 1 day – 10 Years | 7.20% |
IDFC Bank Interest Rates for NRE/NRO/FCNR
IDFC FD Rates: NRE Deposits
Tenure | Interest% for general citizens |
1 year 1 day – 550 days | 7.50% |
551 days – 2 years | 7.25% |
2 years 1 day – 749 days | 7.25% |
750 days | 7.25% |
751 days – 3 years | 7.25% |
3 years 1 day – 5 years | 7.00% |
5 years- 1 day – 10 years | 7.00% |
IDFC First Bank FD Rates: NRO Deposits
Period | FD Rates (Rs. 2 crore – 5 crore) | FD Rates (> Rs. 5 crore – 10 crore) | FD Rates(> Rs. 10 crore – 15 crore) |
7 – 14 days | 5.25% | 5.25% | 5.25% |
15 – 35 days | 5.30% | 5.30% | 5.30% |
36 – 45 days | 5.55% | 5.55% | 5.55% |
46 – 60 days | 5.85% | 5.85% | 5.85% |
61 – 91 days | 6.50% | 6.50% | 6.50% |
92 – 180 days | 7.10% | 7.10% | 7.10% |
181 – 270 days | 7.25% | 7.25% | 7.25% |
271 – 365 days | 7.30% | 7.30% | 7.30% |
366 – 399 days | 7.45% | 7.45% | 7.45% |
400 – 499 days | 7.40% | 7.40% | 7.40% |
500 – 540 days | 7.40% | 7.40% | 7.40% |
541 – 731 days | 7.40% | 7.40% | 7.40% |
732 – 1095 days | 7.15% | 7.15% | 7.15% |
3 years 1days – 5 years | 7.10% | 7.10% | 7.10% |
5 Year 1 Day – 8 Years | 7.10% | 7.10% | 7.10% |
8 Year 1 Day – 10 Years | 7.10% | 7.10% | 7.10% |
IDFC Bank FD Rates: FCNR Deposits
Tenure | USD | GBP | EUR | AUD | SGD |
1 year – 2 years | 5.85% | 4.45% | 3.05% | 4.00% | 4.05% |
2 years – 3 years | 5.30% | 4.00% | 2.65% | 4.45% | 3.25% |
3 years – 4 years | 4.75% | NA | NA | NA | NA |
4 years – 5 years | 4.95% | NA | NA | NA | NA |
5 years only | 4.50% | NA | NA | NA | NA |
IDFC FD Calculator
Use the IDFC FD calculator to determine the value of profits and interest income for a specific FD plan. Follow these steps:
- Click “Personal Banking” when you are on the IDFC Bank website.
- Choose “Fixed Deposits” under the “Deposits” option.
- Select the “IDFC FD Calculator” option.
- Choose “Yes” or “No” under the “Senior Citizen” tab based on your age.
- Enter the amount of the deposit.
- Choose the FD type (Between a week and ten years are available for selection).
- On the right, there is a column with the headings “Maturity Amount” and “Total Interest.”
IDFC First Bank FD Rates: IDFC FD Credit Card
Regular credit card applications can occasionally take a long time. But with an IDFC FD credit card, you can do away with the inconveniences of paperwork and lengthy approval times each time you make a purchase and profit from unequalled advantages.
Your initial deposit serves as the card’s security, giving a 100% withdrawal cap and the flexibility to access money whenever you need it. Open an IDFC FD account using online or net banking to apply for your IDFC FD credit card against your FD.
IDFC Bank is one of the few Indian banks that provides amazing credit card features against a customer’s FD account. Using the calculator, you can also determine your total maturity amount. Make an FD account with IDFC bank today to avail of all these incredible features.
Use the IDFC FD calculator to figure out how much interest you will receive on your deposit. Enter the sum, the term, and the interest rate. By entering this information as needed into the calculator, you can calculate the exact interest you will earn on your fixed deposit over the next five years.
Yes, senior citizens with an FD account with IDFC will earn an additional 0.50% interest on their deposit.
The minimum tenure is 7 days, and the maximum tenure is 10 years for an IDFC FD account.
Yes, you must pay taxes on the interest you receive on your fixed deposit. However, you can make several tax deductions for the interest on your fixed deposit.
Yes, you can choose to get your interest payments on fixed deposits every month, every three months, or every year.