Holding An IDFC First Bank Savings Account? Your Interest Rate Changes From This Date

With effect from December 17, 2025, IDFC First Bank has announced an adjustment to its savings account interest rates that will have an immediate effect on both new and existing customers. It is crucial for account holders to look over the applicable interest slabs and determine how the modified rates would impact their monthly interest income in light of this update.

IDFC First Bank Savings Account Rates 2025

According to the table in the rate slabs explained below, interest payable on savings accounts shall be calculated on a progressive basis according to the bank. Your savings account receives a monthly credit for interest.

Balance (Rupees)	Rate of Interest (% p.a., Progressive)
Up to 5 lac	3.00%
More than 5 lac to less than 5 crs	7.00%
More than 5 crs to less than 10 crs	6.75%
More than 10 crs to less than 25 crs	6.00%
More than 25 crs to less than 100 crs	5.00%
More than 100 crs	4.00%
Source: IDFC First Bank

The interest rate that applies to savings accounts with balances less Rs 5 lac is 3.00%, while savings accounts with balances between Rs 5 lac and Rs 5 crs would provide an interest rate of 7%. For savings accounts with balance ranges of Rs 5 crs to Rs 10 crs and Rs 10 crs to Rs 25 crs, IDFC First Bank is now giving interest rates of 6.75% and 6%, respectively.

On a savings account balance of Rs 25 crs to Rs 100 crs, the interest rate applicable is Rs 5.00% and on the balance slab of below Rs 100 crs, IDFC First Bank is now offering an interest rate of 4.00%.

IDFC First Bank Savings Account Rates Example

The amount of interest due on a savings account will be determined on a progressive basis. Customers can find out about the definition of "progressive" by looking at the examples provided below, according to IDFC First Bank.

• In case your account balance with us is Rs. 25,000, the interest payable to you will be 3% p.a. on the entire Rs. 25,000.
• In case your account balance with us is Rs. 6 lacs, the interest payable to you will be 3% p.a. on Rs. 5 lac and 7% p.a. on Rs. 1 lac.
• In case your account balance with us is Rs. 1 crore, the interest payable to you will be 3% p.a. on Rs. 5 lac, and 7% p.a. on Rs. 95 lac.

IDFC First Bank Savings Account Benefits

Accessible through robust digital banking with features like lounge access on some cards, IDFC FIRST Bank savings accounts offer high interest rates up to 7% p.a. with monthly credits, zero fees on numerous services (NEFT, IMPS, RTGS, ATM), free debit cards with high limits of Rs 2L ATM, Rs 6L POS, free insurance (accident/air accident), and rewards/cashback. Additionally, the bank offers free coverage for air accidents up to Rs 1 crore and personal accidents up to Rs 35 lakh with eligible debit cards.