IDFC FD Interest Rates 2025 - Updated Fixed Deposit Rates & Terms
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 3.50% p.a. to 7.90% p.a. for tenures ranging from seven days to ten years. Senior citizens get an additional 0.50% interest on all tenures.
IDFC First Bank Term Deposit Rates (Less than Rs.3 Crore)
Tenure | FD rates for General Public (p.a.) | FD rates for Senior Citizens (p.a.) |
7 – 14 days | 3.00% p.a. | 3.50% p.a. |
15 – 29 days | 3.00% p.a. | 3.50% p.a. |
30 – 45 days | 3.00% p.a. | 3.50% p.a. |
46 – 90 days | 4.50% p.a. | 5.00% p.a. |
91 – 180 days | 4.50% p.a. | 5.00% p.a. |
181 days – less than 1 year | 5.75% p.a. | 6.25% p.a. |
1 year | 6.50% p.a. | 7.00% p.a. |
1 year 1 day– 370 days | 7.25% p.a. | 7.75% p.a. |
400 days – 500 days | 7.90% p.a. | 8.40% p.a. |
501 days- 2 years | 7.25% p.a. | 7.75% p.a. |
2 years 1 day- 3 years | 6.80% p.a. | 7.30% p.a. |
3 years 1 day – 5 years | 6.75% p.a. | 7.25% p.a. |
5 years 1 day - 10 years | 6.50% p.a. | 7.00% p.a. |
*Note: The IDFC First Bank FD rates tend to change at the discretion of the bank.
IDFC First Bank Term Deposit Rates (Above Rs.3 Crore)
Tenure | FD rates |
7 – 14 days | 5.50% p.a. |
15 – 35 days | 5.75% p.a. |
36 – 45 days | 6.25% p.a. |
46 – 60 days | 6.70% p.a. |
61 – 91 days | 7.20% p.a. |
92 – 180 days | 7.45% p.a. |
181 – 270 days | 7.60% p.a. |
271 – 365 days | 7.70% p.a. |
366 - 399 days | 7.80% p.a. |
400 – 499 days | 7.65% p.a. |
500 - 540 days | 7.55% p.a. |
541 - 731 days | 7.45% p.a. |
732 - 1095 days | 7.40% p.a. |
3 years 1 day - 5 years | 7.25% p.a. |
5 years 1 day - 8 years | 7.25% p.a. |
8 years 1 day - 10 years | 7.25% p.a. |
*Note: 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 17 July 2024.
IDFC Bank Tax Saver Fixed Deposit Rates
Tenure | For General Citizens (p.a.) |
5 years | 6.75% |
*The IDFC First Bank Tax Saver FD rates tend to change at the discretion of the bank. The rates mentioned in the table are valid as of 26 November 2024.
IDFC Bank FCNR FD Rates
Tenure | USD | GBP | EUR | AUD | SGD |
1 year to 2 years | 5.50% p.a. | 4.45% p.a. | 3.05% p.a. | 4.00% p.a. | 4.05% p.a. |
2 years to 3 years | 5.00% p.a. | 4.00% p.a. | 2.65% p.a. | 4.45% p.a. | 3.25% p.a. |
3 years to 4 years | 4.50% p.a. | NA | NA | NA | NA |
4 years to 5 years | 4.75% p.a. | NA | NA | NA | NA |
5 years only | 4.25% p.a. | NA | NA | NA | NA |
*Note: 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 19 September 2024
IDFC Bank NRO & NRE FD Rates
A Non-Resident Indian (NRI) can also open a Fixed Deposit account with IDFC First Bank to boost his/her savings.
Tenure | Interest Rates (p.a.) |
7 – 14 days | 3.00% p.a. |
15 – 29 days | 3.00% p.a. |
30 – 45 days | 3.00% p.a. |
46 – 90 days | 4.50% p.a. |
91 – 180 days | 4.50% p.a. |
181 days – less than 1 year | 5.75% p.a. |
1 year | 6.50% p.a. |
1 year 1 day – 499 days | 7.50% p.a. |
500 days | 7.90% p.a. |
501 – 548 days | 7.50% p.a. |
549 days – 2 years | 7.75% p.a. |
2 years 1 day - 3 years | 7.25% p.a. |
3 years 1 day – 5 years | 7.00% p.a. |
5 year 1 day - 10 years | 7.00% p.a. |
*Note: 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 14 June 2024.
Features & Benefits of IDFC Fixed Deposits
The features and benefits of IDFC Fixed Deposits are:
- Safe and risk-free investment: Investing in an IDFC Fixed Deposit scheme is safe and completely risk-free. You can invest in an IDFC FD scheme based on your financial requirements.
- Competitive interest rate: The interest rates you can earn are competitive and range between 3.50% p.a. and 7.90% p.a. based on the tenure chosen by you.
- No penalty for early withdrawal for senior citizens: In case of cash crunch, senior citizens can avail early withdrawal of the deposit amount without having to pay any penalty.
- Monthly/quarterly interest payout option or quarterly compounding: You can choose the pay out of your interest on a monthly or quarterly basis depending on your financial requirements. You can also choose the option of your interest being compounded on a quarterly basis.
Eligibility Criteria and Documents Required
Eligibility criteria
You need to meet the following eligibility criteria to apply for an IDFC FD scheme:
- You must be an Indian.
- You must reside in India.
Documents required
Given below is the list of documents to be submitted while applying for an IDFC FD scheme:
- Aadhaar Card
- Passport
- Voter's ID
- Valid driving license
- Job card issued by NREGA
- Letter issued by the National Population Register containing details of name and address
- PAN card or Form 60 for deposits more than Rs.50,000.
- Passport size photographs
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 seven days and ten years.
- You can find the 'Maturity Amount' and 'Total Interest' on a column on the right.
FAQs on IDFC Fixed Deposit Interest Rates
- What is the minimum/maximum period for IDFC Fixed Deposit account?
The minimum tenure is seven days and maximum tenure is ten years.
- Can I deposit an additional amount in my IDFC FD account?
You cannot deposit additional amount in your IDFC FD account. The deposit amount chosen is fixed for the month.
- What is the approximate doubling time for an FD in IDFC Bank?
The maturity amount you will earn will depend on the deposit amount and the tenure chosen by you.
- Are there any special rates for senior citizens FD of IDFC?
Senior citizens will earn an additional 0.50% interest on the deposits.
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