IDFC Fixed Deposit 2025
IDFC First Bank offers the Fixed Deposit scheme at interest rates ranging between 3.00% p.a. to 7.90% p.a.
The tenure of FD ranges between 7 days and 10 years. Senior citizens are provided an additional rate of interest of 0.50%.
IDFC First Bank FD - Features
The main features of the FD account offered by IDFC First Bank are mentioned below:
- Attractive IDFC FD interest rates
- Senior citizens are offered an additional interest rate
- Flexible tenures ranging from 7 days to 10 years
- No penalty is levied for senior citizens in the case of early withdrawal
- NRE deposits come with a minimum tenure of 365 days
IDFC First Bank FD - Interest Rates
The rate of interest that is offered by IDFC First Bank for deposits less than Rs.3 crore is mentioned below:
Tenure | Rate of Interest for Non-Senior Citizens | Rate of Interest for Senior Citizens |
7 days to 14 days | 3.00% p.a. | 3.50% p.a. |
15 days to 29 days | 3.00% p.a. | 3.50% p.a. |
30 days to 45 days | 3.00% p.a. | 3.50% p.a. |
46 days to 90 days | 4.50% p.a. | 5.00% p.a. |
91 days to 180 days | 4.50% p.a. | 5.00% p.a. |
181 days to 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 to 370 days | 7.25% p.a. | 7.75% p.a. |
400 days to 500 days | 7.90% p.a. | 8.40% p.a. |
501 days to 2 years | 7.25% p.a. | 7.75% p.a. |
2 years 1 day to 3 years | 6.80% p.a. | 7.30% p.a. |
3 years 1 day to 5 years | 6.75% p.a. | 7.00% p.a. |
5 years 1 day to 10 years | 6.50% p.a. | 7.007.50% p.a. |
*The IDFC First Bank FD rates tend to change at the discretion of the bank.
Tax Saver Deposit (Only for Domestic Deposits) | Rate of Interest |
5 years | 6.757.00% p.a. |
Note: Updated rates 26 November 2024 .
Green Deposits (Only for Domestic Deposits) | Rate of Interest |
1000 days | 7.25% p.a. |
Documents Required for IDFC Bank Fixed Deposit
The following documents are required to open a fixed deposit with IDFC Bank:
- Aadhaar card
- Valid driving licence
- Passport
- Voter's ID
- Job Card issued by NREGA
- PAN card or Form 60 for deposits of Rs.50,000 and above
- Letter issued by the National Population Register that has name and address details
- Passport size photographs
FAQs on IDFC Bank Fixed Deposit
- Can I open the FD account online?
Yes, you can open the FD account offered by IDFC First Bank online.
- Will there be a penalty levied in the case of premature withdrawal?
Yes, IDFC First Bank will levy a penalty in the case of premature withdrawal.
- Is the interest earned on the FD account taxable?
Yes, the interest that is earned on the FD account is taxable.
- How is the interest calculated?
Simple interest is used for an FD with a tenure of up to 180 days. In the case of an FD account with a tenure of more than 180 days, the interest is compounded on a quarterly basis.
- What are the minimum and maximum tenure of the FD account?
The minimum and maximum tenure of the FD account are 7 days and 10 years, respectively.
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