IDFC First Bank FD Interest Rates < Rs.3 crore
IDFC First Bank FD Interest Rates w.e.f 22/11/2024 : –
| Tenure | Annual Interest Rates (%) (General) | Annual Interest Rates (%) (Senior Citizens) |
|---|---|---|
| 7 days to 14 days | 3.00 % | 3.50 % |
| 15 days to 29 days | 3.00 % | 3.50 % |
| 30 days to 45 days | 3.00 % | 3.50 % |
| 46 days to 90 days | 4.50 % | 5.00 % |
| 91days to 6 months | 4.50 % | 5.00 % |
| Above 6 months to less than 1 year | 5.75 % | 6.25 % |
| 1 year | 6.50 % | 7.00 % |
| Above 1year to 370 days | 7.25 % | 7.75 % |
| 371 days to 399 days | 7.50 % | 8.00 % |
| 400 days to 500 days | 7.90 % | 8.40 % |
| 501 days to 2 years | 7.25 % | 7.75 % |
| 725 days | 7.25 % | 7.75 % |
| Above 2 years to 3 years | 6.80 % | 7.30 % |
| Above 3 years to 5 years | 6.75 % | 7.25 % |
| Above 5 years to 10 years | 6.50 % | 7.00 % |
IDFC First Savings Bank account interest rate : –
IDFC FIRST Bank’s Savings Account Interest rates table (Effective from16th October 2024 ):-
| On Balances (in ₹) | Rate of Interest (% p.a.) |
|---|---|
| <= 5 lac | 3.00% |
| > 5 lac <= 100 cr | 7.25% |
| > 100 crore <= 200 crore | 4.50% |
| > 200 crores | 3.50% |
You can open a Savings Bank account with IDFC First Bank online by clicking here.
IDFC First Bank Digital Fixed deposit: –
What is it?
A digital fixed deposit is a deposit which you can do online, from the comfort of your home, without having to visit a bank branch. It is a new product, in which you can invest with the freedom to choose the best interest rates and the Banks that provide them. The process is completely paperless, which you can complete in within minutes. There is no need to open a savings bank account with the banks. With some basic documents and video KYC you can complete all the steps towards your investment.
Advantages and Benefits of digital fixed deposits: –
- You can open it in minutes with basic documentation (Aadhaar and PAN) submitted online.
- No need to have a savings bank account with IDFC First Bank. You only need a valid email address.
- You Can open FD with a minimum amount of Rs.5,000/-. Maximum amount is Rs 90,000/-.
- Move funds seamlessly from your existing savings account to book the FD via UPI.
- Complete end to end digital process with video KYC. You can also complete the KYC process online.
- Minimum tenure of 7 days. Maximum 10 years.
- You can control your FD using the IDFC First mobile banking app. You will get the receipt of your booked FD in your email.
- You can add a nominee to your FD during the booking process or by using the banks mobile app later.
- Senior citizens (above 60 years) will enjoy additional 0.50% p.a interest on their investments. On top of that, there is no premature withdrawal penalty for them.
- Premature withdrawal can be made. Amount will be credited back to the funding source on premature withdrawal or on maturity.
- Multiple interest payout options available. You can choose monthly, quarterly or at maturity.
- You can foreclose your FD anytime using the app or visiting the nearest branch.(A 1% penalty will be charged for general FDs)
Criteria to open digital FDs: –
- You should be a resident Indian with at least 18 years of age.
- You should be a valid PAN and AADHAAR card holder.
- Your mobile number is linked to your Aadhaar card.
- Your PAN number should also be linked to your Aadhaar card.
- A valid email address.
- KYC if not done during opening of the FD, should be completed within the stipulated period of 11 months, else the Bank will prematurely close the FD giving a notice period of 30 days.
- You should be located in India.
- Your Digital FD can be booked in a single name and not jointly along with another individual.
- You can open only a single digital FD. Only after KYC and opening a savings bank account, any number of FDs can be opened.
Book a Digital Fixed Deposit from IDFC First Bank :-
To book a digital FD online, visit the IDFC First Bank official website Here.
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