For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

IDFC First FD Interest Rates Revised

|

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.

IDFC First FD Interest Rates Revised
 

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

Tenure Interest rates
7 - 14 days 4.00%
15 - 29 days 5.00%
30 - 45 days 6.25%
46 - 90 days 6.50%
91 - 180 days 6.75%
181 days - 1 year 7.00%
1 year 1 day - less than 2 years 7.75%
2 years 8.50%
2 years 1 day - 5 years 7.50%
5 year 1 day - 10 years 7.25%

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-

Tenure Interest rate
5 years 7.75%

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.

Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more