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 12 months 5.25% 5.75%
12 months to 499 days 5.75% 6.25%
500 days 6.00% 6.50%
501 days to 2 years 5.75% 6.25%
2 years 1 day to 5 years 5.75% 6.25%
5 year 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 15 September 2020.

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 15 September 2020.

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.

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. The interest rates offered by the bank on NRE/NRO fixed deposits are the same as those offered on regular fixed deposits. The minimum tenure for NRE deposits is 12 months while for NRO deposits, it is 7 days.

IDFC Bank FCNR FD Rates

Tenure USD GBP EUR AUD SGD
1 Yr to < 2 Yrs 2.20% 1.85% 0.50% 2.05% 2.05%
2 Yrs to < 3 Yrs 2.19% 2.00% 0.55% NA NA
3 Yrs to < 4 Yrs 2.84% NA NA NA NA
4 Yrs to < 5 Yrs 3.22% NA NA NA NA
5 Yrs only 2.56% 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 1 February 2021.

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