IDFC First Bank offers three types of NRI Fixed Deposit schemes for individuals who receive a source of funds from abroad or India. Under NRI Fixed Deposit schemes, attractive interest rates are provided.
The three different NRI Fixed Deposits offered by IDFC First Bank are mentioned below:
The main features of the different types of NRI Fixed Deposit schemes offered by the bank are mentioned below:
Foreign Currency Non-Resident Deposit
Non-Resident External Deposit
Non-Resident Ordinary Deposit
An NRI Fixed Deposit account can be opened by an existing IDFC customer.
An NRI FD account can be opened via the bank’s mobile app or net banking. The booking process can be completed by filling the deposit form.
| Tenure | Interest Rate |
|---|---|
| 6 months | 5.00% |
| 9 months | 5.25% |
| 12 months | 5.75% |
| 15 months | 5.75% |
| 18 months | 6.00% |
| 21 months | 6.00% |
| 24 months | 5.75% |
| 27 months | 5.75% |
| 36 months | 5.75% |
| 39 months | 5.75% |
| 48 months | 5.75% |
| 60 months | 5.75% |
| 90 months | 5.25% |
| 120 months | 5.25% |
| Tenure | SGD | AUD | EUR | GBP | USD |
|---|---|---|---|---|---|
| 1 year – less than 2 years | 0.50% | 0.50% | 0.10% | 0.30% | 0.75% |
| 2 years – less than 3 years | NA | NA | 0.15% | 0.35% | 1.25% |
| 3 years – less than 4 years | NA | NA | NA | NA | 1.75% |
| 4 years – less than 5 years | NA | NA | NA | NA | 2.75% |
| 5 years | NA | NA | NA | NA | 1.00% |
The various tenure options that are available are mentioned below:
Yes, joint accounts can be opened.
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