Idfc Bank FD Rates

IDFC Fixed Deposit Interest Rates

IDFC First Bank offers fixed deposit with competitive interest rates, flexible investment tenures, and several customer-friendly features such as no penalty on premature withdrawal for senior citizens. The interest rates for FDs range within 2.50% p.a. to 6.25% p.a. for tenures ranging from 7 days to 10 years. Senior citizens get an additional 0.50% interest on all tenures.

IDFC FIRST Bank FD Interest Rates (p.a.) Highlights 2023
Highest slab rate 7.50% (for 1 year 1 day to 550 days)
For 1 year 6.50%
For 2 years 7.25%
For 3 years 7.25%
For 4 years 7.00%
For 5 years 7.00%
Tax-Saving FD 7.00%

The interest rates are updated as of 14 August 2023

IDFC FIRST Bank FD Interest Rates

Fixed Deposit Rates for Domestic/NRO/NRE Deposits of less than Rs 2 crore w.e.f. 1 July 2023

Tenure Interest Rates (% p.a.)
Regular Citizens Senior Citizens
7 to 14 days 3.50 4.00
15 to 29 days 3.50 4.00
30 to 45 days 4.00 4.50
46 to 90 days 4.50 5.00
91 to 180 days 5.00 5.50
181 days to 1 year 6.50 7.00
1 year 1 day to 550 days 7.50 8.00
551 days to 2 years 7.25 7.75
2 years 1 day to 749 days 7.25 7.75
750 days 7.25 7.75
751 days to 3 years 7.25 7.25
3 years 1 day to 5 years 7.00 7.50
5 years 1 day to 10 years 7.00 7.50

Note: 1. Additional senior citizens interest rates will not be applicable for NRO or NRE Fixed Deposits.

2. The minimum tenure for NRE deposits is 365 days

IDFC Tax Saver Deposit w.e.f. 1 July 2023

Tenure Interest Rates (% p.a.)
Regular Citizens Senior Citizens
5 years (only for domestic deposits) 7.00 7.50

Interest Rates on FCNR deposits of up to 1 million w.e.f. 10 August 2023

Tenure Interest Rates (% p.a.)
USD GBP EUR AUD SGD
1 year to less than 2 years 5.85 4.45 3.05 4.00 4.05
2 years to less than 3 years 5.30 4.00 2.65 4.45 3.25
3 years to less than 4 years 4.75 NA NA NA NA
4 years to less than 5 years 4.95 NA NA NA NA
5 years only 4.50 NA NA NA NA

Interest Rates on FCNR deposits of above 1 million w.e.f. 2 March 2023

Tenure Interest Rates (% p.a.)
USD GBP EUR AUD SGD
1 year to less than 2 years 5.65 NA NA NA NA
2 years to less than 3 years 4.50 NA NA NA NA
3 years to less than 4 years 4.00 NA NA NA NA
4 years to less than 5 years 4.00 NA NA NA NA
5 years only 4.00 NA NA NA NA

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