• IDFC Bank FD Calculator

    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.

    How to Use IDFC First Bank’s 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.

    • Step 1: Go to IDFC First Bank’s FD Calculator page at https://www.idfcfirstbank.com/financial-calculators/fd-calculator.
    • Step 2: Next, you have to select the customer type from the two options, regular customer and senior citizen.
    • Step 3: Choose your preferred type of deposit from the four options provided.
    • Step 4: Then, add the deposit amount and tenure year with the help of slider or manually.
    • Step 5: The FD maturity amount will be displayed on the screen.

    BankBazaar’s FD Calculator

    BankBazaar’s FD calculator is a user-friendly tool that calculates the maturity amount instantly. Follow the steps below.

    • Step 1: To use the FD Calculator, visit https://www.bankbazaar.com/fixed-deposit/fd-calculator.html.
    • Step 2: Next, input the deposit amount, tenure year and interest rate.
    • Step 3: Finally, choose the type of fixed deposit and click on ‘Calculate.’
    • Step 4: The maturity amount and total interest earned will be displayed.

    IDFC FD Interest Rates

    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%

    Advantages of IDFC FD Calculator

    • The calculator’s simple design makes it easy for anyone to use free of cost.
    • You can plan your spending in a better manner since you can calculate the FD amount you will be entitled to after the term ends.
    • The results are instant and accurate.
    • You can use this calculator to compare the interest rates and fixed deposit amounts of different banks.

    FAQs on IDFC FD Calculator

    1. What is the minimum amount required to open a fixed deposit account with IDFC?

      The minimum amount required to open a fixed deposit account with IDFC is Rs.10,000.

    2. What is the interest rate offered to senior citizens?

      IDFC offers 0.50% more interest to senior citizens.

    3. How to avoid deduction of TDS?

      Both general public and senior citizens have to submit the forms 15G and 15H respectively to avoid TDS on FD.

    4. What is the penalty for withdrawing an FD prematurely?

      IDFC charges a penalty of 1% on the interest rate for a prematurely withdrawn FD.

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