IDFC First Bank’s Fixed Deposit (FD) scheme has a plethora of features to help you build your finances. On opening an FD with IDFC First Bank, you can avail of benefits like competitive interest rates, high returns and more.
If you wish to calculate the accrued amount post fixed deposit maturity, you can use an FD calculator.
The IDFC First Bank FD Calculator employs a straightforward approach to calculate the interest and FD maturity amount. Here are the steps to use this online calculator.
BankBazaar’s FD calculator is a user-friendly tool that calculates the maturity amount instantly. Follow the steps below.
Below are the interest rates offered by IDFC for Rs.2 crore-5 crore.
|Tenure||Interest Rate for Regular Customers||Interest Rate for Senior Citizens|
|7 days to 14 days||2.75%||3.25%|
|15 days to 35 days||3.00%||3.50%|
|36 days to 45 days||3.05%||3.55%|
|46 days to 60 days||3.25%||3.75%|
|61 days to 91 days||3.35%||3.85%|
|92 days to 180 days||3.65%||4.15%|
|181 days to 270 days||3.85%||4.35%|
|271 days to 365 days||4.15%||4.65%|
|366 days to 399 days||4.30%||4.8%|
|400 days to 540 days||4.30%||4.8%|
|541 days to 731 days||4.30%||4.8%|
|732 days to 1095 days||4.30%||4.8%|
|3 years 1 day to 5 years||4.30%||4.8%|
|5 years 1 day to 8 years||4.30%||4.8%|
|8 years 1 days to 10 years||4.30%||4.8%|
The minimum amount required to open a fixed deposit account with IDFC is Rs.10,000.
IDFC offers 0.50% more interest to senior citizens.
Both general public and senior citizens have to submit the forms 15G and 15H respectively to avoid TDS on FD.
IDFC charges a penalty of 1% on the interest rate for a prematurely withdrawn FD.
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