IDFC First Bank revised the interest rates on its fixed deposits (FDs) with effect from 1 July 2019. The private lender offers term deposits for short as well as long-term with tenures ranging between 7 days to 10 years.

After the revision, the highest interest rate is being offered for fixed deposits of a 2-year tenure at 8.50 percent.

Here are the interest rates on domestic, NRE and NRO fixed deposits less than Rs 2 crore with effect from 1 July 2019-

Non-Resident Rupee (NRE) and Non-Resident Ordinary Rupee (NRO) are applicable for non-resident Indians (NRIs) who wish to make fixed deposits at the IDFC First Bank.

However, the 5-year tax saver deposits are only available for Indian residents. The revised interest rate on it is-

IDFC First Bank was formed after a merger between non-banking financial company Capital First and IDFC Bank. The merger became effect from 12 January 2019. It has 203 bank branches, 129 ATMs and 454 rural business correspondent centres.