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 2.75% p.a. to 6.00% 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 Term Deposit Rates (Less than Rs.2 Crore)

Tenure For General Citizens (p.a.) For Senior Citizens (p.a.)
7 – 14 days 2.75% 3.25%
15 – 29 days 3.00% 3.50%
30 – 45 days 3.50% 4.00%
46 – 90 days 4.00% 4.50%
91 – 180 days 4.50% 5.00%
181 days to less than 1 year 5.25% 5.75%
1 year to 2 years 5.50% 6.00%
2 years 1 day to 3 years 5.75% 6.25%
3 years 1 day – 5 years 6.00% 6.50%
5 years 1 day to 10 years 5.75% 6.25%

*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 2021.

IDFC Bank Tax Saver Fixed Deposit Rates

Tenure For General Citizens (p.a.) For Senior Citizens (p.a.)
5 years 5.75% 6.25%

*The IDFC First Bank Tax Saver FD rates tend to change at the discretion of the bank. The rate mentioned in the table are valid as of 1 May 2021.

IDFC Bank FCNR FD Rates

Tenure USD GBP EUR AUD SGD
1 Year to < 2 Years 0.75% 0.30% 0.10% 0.50% 0.50%
2 Years to < 3 Years 1.25% 0.35% 0.15% NA NA
3 Years to < 4 Years 1.75% NA NA NA NA
4 Years to < 5 Years 2.75% NA NA NA NA
5 Years only 1.00% NA NA NA NA

*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 5 March 2021.

IDFC Bank NRE/NRO FD Rates

A Non-Resident Indian (NRI) can also open a Fixed Deposit account with IDFC First Bank to boost his/her savings.

Tenure Interest Rate
6 months 5.00%
9 months 5.25%
12 months 5.50%
15 months 5.00%
18 months 5.50%
21 months 5.50%
24 months 5.50%
27 months 5.75%
36 months 6.00%
39 months 6.00%
48 months 6.00%
60 months 6.00%
90 months 5.25%
120 months 5.25%

Features & Benefits of IDFC Fixed Deposits

The features and benefits of IDFC Fixed Deposits are:

  • Safe and risk-free investment: Investing in an IDFC Fixed Deposit scheme is safe and completely risk-free. You can invest in an IDFC FD scheme based on your financial requirements.
  • Competitive interest rate: The interest rate you can earn are competetive and ranges between 2.75% p.a. and 6% p.a. based on the tenure chosen by you.
  • No penalty for early withdrawal for senior citizens: In case of cash crunch, senior citizens can avail early withdrawal of the deposit amount without having to pay any penalty.
  • Monthly/quarterly interest payout option or quarterly compounding: You can choose the pay out of your interest on a monthly or quarterly basis depending on your financial requirements. You can also choose the option of your interest being compounded on a quarterly basis.

Eligibility criteria and Documents Required

Eligibility criteria

You need to meet the following eligibility criteria to apply for an IDFC FD scheme:

  • You must be an Indian.
  • You must reside in India.

Documents required

Given below is the list of documents to be submitted while applying for an IDFC FD scheme:

  • Aadhaar Card
  • Passport
  • Voter’s ID
  • Valid driving license
  • Job card issued by NREGA
  • Letter issued by the National Population Register containing details of name and address
  • PAN card or Form 60 for deposits more than Rs.50,000.
  • Passport size photographs

How Does The IDFC Bank FD Calculator Work?

You can use the Fixed Deposit Calculator to check the value of returns and interest income for a given FD scheme.

Follow these steps to use the calculator:

  • Visit the IDFC Bank website and click on ‘Personal Banking’.
  • Select the ‘Deposits’ tab and choose ‘Fixed Deposits’.
  • Click on ‘FD Calculator’.
  • Based on your age, select ‘Yes’ or ‘No’ under the ‘Senior Citizen’ tab.
  • Enter the deposit amount.
  • Select the type of FD.
  • Choose a tenure between 7 days and 10 years.
  • You can find the ‘Maturity Amount’ and ‘Total Interest’ on a column on the right.

FAQs on IDFC Fixed Deposit Interest Rates

  1. What is the highest FD rate for IDFC Bank?

    The highest FD rate offered by IDFC Bank is 6% p.a. for tenure between 3 years and 5 years for general citizens.

  2. Can I deposit additional amount in my IDFC FD account?

    You cannot deposit additional amount in your IDFC FD account. The deposit amount chosen is fixed for the month.

  3. In how many years FD will double in IDFC Bank?

    The maturity amount you will earn will depend on the deposit amount and the tenure chosen by you.

  4. What is the minimum/maximum period for IDFC Fixed Deposit account?

    The minimum tenure is 7 days and maximum tenure is 10 years.

  5. Are there any special rates for senior citizens FD of IDFC?

    Senior citizens will earn additional 0.50% interest on the deposits.

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