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.
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.
IDFC First Bank Term Deposit Rates (Less than Rs.2 Crore)
Tenure | FD rates for General Citizens | FD rates for Senior Citizens |
Seven to 14 days | 3.00% | 3.50% |
15 to 29 days | 3.00% | 3.50% |
30 to 45 days | 3.00% | 3.50% |
46 to 90 days | 4.50% | 5.00% |
91 to 180 days | 4.50% | 5.00% |
181 days to less than one year | 5.75% | 6.25% |
One year | 6.50% | 7.00% |
One year one day to 499 days | 7.25% | 7.75% |
500 days | 7.75% | 8.25% |
501 days to 548 days | 7.50% | 8.00% |
549 days to two years | 7.50% | 8.00% |
Two years one day to three years | 7.25% | 7.75% |
Three years one day to five years | 7.00% | 7.50% |
Five years one day to 10 years | 7.00% | 7.50% |
*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 September 13 ,2024.
FAQs on IDFC FD Calculator
- 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.
- What is the interest rate offered to senior citizens?
IDFC offers 0.50% more interest to senior citizens.
- What is the penalty for withdrawing an FD prematurely?
IDFC charges a penalty of 1% on the interest rate for a prematurely withdrawn FD.
- 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.
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