IDFC fixed deposit is a secure investment option that offers reliable returns on your savings. The competitive IDFC first bank FD rates offer attractive opportunities for regular and senior customers. Additionally, they might even offer exciting benefits like an IDFC FD credit card to enhance your banking experience. It’s time to start your journey towards financial stability today with an IDFC fixed deposit!
Here’s the IDFC FD rates table section for checking the current interest rates for various tenures, deposit amounts, and much more.
Tenure | FD rates for Non-Senior 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 years 1 day – 10 years | 7.00% | 7.50% |
Eligibility Criteria for IDFC Bank FD Accounts
The following individuals or companies are eligible to choose a fixed deposit with IDFC fixed deposit:
- Private and public limited enterprises, including sole proprietorships.
- Institutions of government and quasi-government, municipal corporations, and defense establishments.
- Trust, society, and organization for the Hindu Undivided Family (HUF)
- Limited Liability Partnership (LLP) businesses.
- Single-person businesses and joint ventures
Documentation Required for IDFC Bank FD Accounts
To open an IDFC fixed deposit, the following documents must be provided:
- Evidence of birth date (Birth certificate, PAN card, discharge certificate, Aadhar card)
- Passport, Aadhar card, bank statement with a check as evidence of residence
- Identity documentation (such as a PAN card, voter ID, driver’s license, passport, or Aadhar card)
What are the Types of IDFC Bank Fixed Deposits
Check out different types of IDFC fixed deposit schemes:
- Regular FD Account:
People between the ages of 18 and 60 have access to standard FD accounts. The RBI has established a set of interest rates for such FD accounts, which are periodically adjusted. Anyone with Indian residency who meets the requirements can open an account.
- Senior Citizen FD Account:
Senior citizen IDFC fixed deposit accounts can be opened by those above the age of 60. These accounts often have interest rates that are 0.5% higher than standard accounts. They can select for a monthly interest payout option, which serves as a way to cover senior persons’ monthly needs.
- NRE FD Account:
An NRE FD account can be opened by more than two NRI. By depositing money in this account, you can convert the foreign currency you earned outside of India into Indian currency denominations. This account’s principal and interest are fully refundable.
- NRO FD Account:
The only individuals or organisations that are qualified to open a Non-Resident Ordinary (NRO) FD account with the bank are Overseas Citizens of India (OCI), Persons of Indian Origin (PIO), and Non-Resident Indians (NRI).
IDFC Bank FD Interest Rates for Deposits > 2 Crores?
The table provides an overview of the IDFC Fixed Deposit (FD) interest rates for amounts greater than ₹2 crores, based on different tenures. It will help you to compare the IDFC bank fd rates across various periods, making it easier to choose the best option for their large FD investments.
Tenure | FD Rates (> ₹2 crores ) |
7 – 14 days | 5.25% |
15 – 35 days | 5.30% |
36 – 45 days | 5.55% |
46 – 60 days | 5.85% |
61 – 91 days | 6.50% |
92 – 180 days | 7.10% |
181 – 270 days | 7.25% |
271 – 365 days | 7.30% |
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 1days – 5 years | 7.20% |
5 Year 1 Day – 8 Years | 7.20% |
8 Year 1 Day – 10 Years | 7.20% |
What are IDFC Bank FD Interest Rates for Deposits < 2 Crores?
IDFC Bank offers a range of Fixed Deposit (FD) tenure options with attractive interest rates for deposits less than ₹2 Crores. The following table makes it easy to identify the best tenure and interest rates to suit your investment needs.
Tenure | Interest Rate < ₹2 Crores |
7 – 14 days | 3.50% |
15 – 29 days | 3.50% |
30 – 45 days | 4.00% |
46 – 90 days | 4.50% |
91 – 180 days | 5.00% |
181 days – 366 days | 6.75% |
367 days – 18 months (367 days to 548 days) | 7.25% |
18 months-1 day – 3 years (549 days to 3 years) | 7.75% |
3 years-1 day – 5 years | 7.00% |
5 years- 1 day – 10 years | 7.00% |
Also, please note that the following rates of interest (%p.a.) are effective from March 01, 2023.
Interest Rates for Domestic/ NRO / NRE Fixed Deposits
The table displays the IDFC Fixed Deposit (FD) interest rates for deposit amounts ranging from Rs. 2 crores to Rs. 25 crores, based on different periods.
Period | FD Rates (Rs. 2 crore – 25 crore) |
7 – 14 days | 2.75% |
15 – 35 days | 3.00% |
36 – 45 days | 3.00% |
46 – 60 days | 3.15% |
61 – 91 days | 3.35% |
92 – 180 days | 3.65% |
181 – 270 days | 4.05% |
271 – 365 days | 4.30% |
366 – 399 days | 4.40% |
400 – 540 days | 4.40% |
541 – 731 days | 4.40% |
732 – 1095 days | 4.35% |
3 years 1 day – 5 years | 4.35% |
5 Year 1 Day – 8 Years | 4.35% |
8 Year 1 Day – 10 Years | 4.35% |
Summing Up
IDFC Fixed Deposit is a great financial opportunity that you should examine. It is secure and provides several alluring interest rates for various time frames. Additionally, they have a handy IDFC bank FD calculator that makes it easier for you to organise your finances. You may also quickly view all the specific rates in the IDFC first bank FD rates PDF format. It’s a simple method to increase your savings and achieve financial security.
IDFC Fixed Deposit FAQ’s :-
You need not pay any interest on the principal amount if the IDFC fixed deposit is closed before the minimum deposit duration has been met.
In the case of a quarterly compounding IDFC fixed deposit account, where interest is paid out every month, the quarterly compound interest is computed and paid every month at a reduced rate compared to the FD rate.
Yes, you may withdraw the amount partially.
In the case of senior citizens, the bank does not impose a penalty for premature withdrawal.