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IDFC First Bank revises fixed deposit interest rates: Check details here IDFC First Bank's. Idfc Bank offering attractive fixed deposit interest rates for its senior citizens customer at 8.50% p.a. For 1 year tenure. Many small finance banks giving highest fixed deposit interest rates for its senior citizen customers one of them is Idfc Bank. Senior Citizens can take advantage to quickly double their money with good interest rates. IDFC First Bank offers interest rate of 7.75-8.50% on FDs between 1 year and 2 years IDFC First Bank offers 8.5% interest rate on 2-year fixed deposit. Latest FD rates here 1 min read.
- 2 Fixed Deposit Interest Rates
- 2.5 Key features of IDFC Bank Fixed Deposit
About IDFC Bank Fixed Deposit
Fixed deposits are the best way to invest your money in a secure and profitable way. By investing your money in a fixed deposit scheme, you have the opportunity to earn good returns for your invested amount.
To open a fixed deposit account at IDFC Bank, you first need to have an account at the bank. There are no penal charges for premature withdrawal of FDs and the minimum amount for opening a Fixed Deposit at Yes Bank is ₹10,000/- only.
Fixed Deposit Interest Rates
For the deposit of less than ₹2 crore w.e.f January 01, 2020
| Tenure | Rate of Interest (per annum) | Rate of Interest (p.a) for Senior Citizens |
|---|---|---|
| 7 - 14 days | 4.00% | 4.50% |
| 15 - 29 days | 5.00% | 5.50% |
| 30 - 45 days | 6.25% | 6.75% |
| 46 - 60 days | 6.50% | 7.00% |
| 61 - 90 days | 6.50% | 7.00% |
| 91 - 180 days | 6.75% | 7.25% |
| 181 - 270 days | 7.00% | 7.50% |
| 271 - 365 days | 7.00% | 7.50% |
| 1 year to 499 days | 7.25% | 7.75% |
| 500 days | 7.50% | 8.00% |
| 501 days to 2 years | 7.25% | 7.75% |
| 2 years 1 day – 5 years | 7.25% | 7.75% |
| 5 years 1 day – 10 years | 7.25% | 7.75% |
Eligibility For IDFC Bank Fixed Deposit
1. Individuals
2. Sole Proprietorship
3. Hindu Undivided Family
4. Partnership Firm
5. Limited Liability Partnership (LLP)
6. Private/Public Limited Company
7. Trust, Association, Society
8. Government/Quasi Government Institutions (including Municipal Corporation,
9. Joint Ventures
10. Liaison/Representative/Branch Office of foreign companies
11. Embassy Offices in India
Documents required
Idfc Fixed Deposit Rates In India
Latest Fixed Deposit Rates
| ID Proof | Address Proof |
|---|---|
| Passport | Passport |
| PAN Card | Telephone Bill |
| Driving Licence | Electricity Bill |
| Voter ID | Electricity Bill |
| Government ID Card | Bank Statement with Cheque |
| Photo Ration Card | Certificate/ID Card issued by Post office |
| Senior Citizen ID Card |
IDFC Bank Fixed Deposit Calculator:
Now you can calculate the interest rate for your fixed deposit amount. The FD calculator lets you know the interest you can earn on your investment on maturity as per the time period of your choice.
Steps To Apply
The procedure to apply for the IDFC bank fixed deposit scheme is very easy. All you have to do is, contact the branch along with the documents and complete application form. Make sure the documents you submit at the bank are genuine.
IDFC Bank Fixed Deposit Form
Fill in the details of the IDFC bank FD form as per the documents submitted. It is mandatory to mention the deposit type, amount, and tenure, along with the basic details of the applicant/s.
Key features of IDFC Bank Fixed Deposit
- There are no penal charges for premature withdrawal or early closure
- High returns
- The minimum amount to open an FD account is ₹10,000/-
IDFC Bank Customer Care
There is a 24*7 toll-free number for the customers to contact IDFC Bank. You can also go to your nearest branch or ATM for any query related to your account.
For Personal Banking: 1800 419 4332
For Bharat Banking: 1800 419 7332
For Commercial & Wholesale Banking: 1800 419 8332
IDFC First Bank Term Deposit Rates (Less than Rs.2 Crore)
| Tenure | For General Citizens (p.a.) | For Senior Citizens (p.a.) |
|---|---|---|
| Tenure | For General Citizens (p.a.) | For Senior Citizens (p.a.) |
| 7 – 14 days | 4.00% | 4.50% |
| 15 – 29 days | 5.00% | 5.50% |
| 30 – 45 days | 6.25% | 6.75% |
| 46 – 90 days | 6.50% | 7.00% |
| 91 – 180 days | 6.75% | 7.25% |
| 181 days to less than 12 months | 7.00% | 7.50% |
| 12 months to 499 days | 7.25% | 7.75% |
| 500 days | 7.25% | 7.75% |
| 501 days to 2 years | 7.25% | 7.75% |
| 2 years 1 day to 5 years | 7.25% | 7.75% |
| 5 year 1 day to 10 years | 7.25% | 7.75% |
*The IDFC First Bank FD rates tend to change at the discretion of the bank. The rates mentioned in the table are valid as of 1 May 2020.