IDFC First Bank is a modern private sector bank in India, offering a wide range of financial services. It provides fixed deposits with competitive interest rates, flexible tenures, and special rates for senior citizens. Use the calculator to estimate your interest earnings and maturity amounts, making your investment planning simple.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 7 – 14 days | 3.00 | 3.50 |
| 15 – 29 days | 3.00 | 3.50 |
| 30 – 45 days | 3.00 | 3.50 |
| 46 – 90 days | 4.50 | 5.00 |
| 91 – 180 days | 4.50 | 5.00 |
| 181 days – less than 1 year | 5.75 | 6.25 |
| 1 year | 6.50 | 7.00 |
| 1 year 1 day – 499 days | 7.25 | 7.75 |
| 500 days | 7.75 | 8.25 |
| 501 days – 548 days | 7.50 | 8.00 |
| 549 days – 2 years | 7.50 | 8.00 |
| 2 years 1 day – 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 |
Data last updated on 01/09/2024. Check latest interest rates here.
IDFC First Bank FD Calculator
IDFC First Bank FD FAQs
How can I open a Fixed Deposit at IDFC First Bank?
You can open a Fixed Deposit instantly through a fully digital and paperless process in just three steps: select the amount, choose the tenure, and confirm.
What is the minimum amount required to open a Fixed Deposit?
For Digital FDs, the minimum amount is ₹5,000, while for Offline FDs, it is ₹10,000.
What are the tenure options for IDFC First Bank Fixed Deposits?
You can choose tenures ranging from 7 days to 10 years, with payout options available monthly, quarterly, or at maturity.
Are there penalties for early withdrawal of Fixed Deposits?
For senior citizens, there is no penalty on early withdrawal, offering greater financial flexibility.