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IDFC First Bank FD Calculator

Home Fixed Deposit IDFC Bank FD Calculator
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Book SBM Bank FD @7%* p.a.

& Get a Lifetime Free Step Up Credit Card

  • Safe & Secure FD, Insured by RBI

  • No Savings A/c Required

  • FD Starts from Rs 2000

  • Card Limit = 90% of FD

*Rates are subject to change as per the bank's discretion.

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Updated: 20-11-2024 11:32:24 AM

IDFC FIRST Bank FD Calculator

IDFC FIRST Bank FD Calculator allows the user to calculate the maturity value, aggregate interest amount for various combinations of deposit amounts, tenures and interest rates. You just need to enter just a few basic details such as the FD amount, IDFC FIRST Bank FD interest rate and tenure on the fixed deposit calculator to get instant results.

IDFC FD Calculator
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%
Maturity Amount

₹0

Total Interest amount

₹0

Principal Amount

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Looking for Higher FD rates? Book an FD @7% p.a. and get a lifetime free credit card

  • FDs of up to ₹5 lakhs insured by RBI

  • No hassle of opening a saving account

  • No documentation

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How to Use Paisabazaar’s IDFC Bank FD Calculator

The procedure to use Paisabazaar’s FD Calculator is mentioned below:

  • Enter the FD tenure, amount, and IDFC Bank FD interest rate
  • Click on ‘Calculate’.
  • The maturity amount, total FD interest amount and principal amount will be reflected instantly

You can also use the online FD Calculator to analyse returns for different combinations of tenure, principal amount and fixed deposit interest rates of other banks and NBFCs. This will help you to make an informed decision based on your cash flows and liquidity requirements.

Earn 7% p.a. on your FD & Get a lifetime free Step Up Credit Card

  • Card limit is 90% of FD Amount

  • Instant Virtual Card

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stepup 7%INTEREST ON FD

IDFC FIRST Bank FD Interest Rates 2024

Fixed Deposit Rates for Domestic/NRO/NRE Deposits of less than Rs 3 crore w.e.f. 16 October 2024

Tenure Interest Rates (% p.a.)
Regular Citizens Senior Citizens
7 to 14 days 3.00 3.50
15 to 29 days 3.00 3.50
30 to 45 days 3.00 3.50
46 to 90 days 4.50 5.00
91 to 180 days 4.50 5.00
181 days to less than 1 year 5.75 6.25
1 year 6.50 7.00
1 year 1 day to 399 days 7.25 7.75
400 days to 500 days 7.75 8.25
501 days to 2 years 7.25 7.75
2 years 1 day to 3 years 6.80 7.30
3 years 1 day to 5 years 6.75 7.25
5 years 1 day to 10 years 6.50 7.00

Note: 1. Additional senior citizen interest rates will not be applicable for NRO or NRE Fixed Deposits.

2. The minimum tenure for NRE deposits is 365 days

Interest rates updated as on 20th Nov 2024.

The FD maturity depends on the tenure, interest rates, amount and the type of FD chosen. IDFC First Bank offers four type of deposits – reinvestment (for above 180 days), short term (for 7 to 180 days), quarterly pay-out option (for above 180 days) and monthly pay-out (for above 180 days).

The monthly or quarterly interest pay-out option is ideal for individuals who require a fixed monthly or quarterly income to meet their expenses. This plan is especially popular among retired individuals. The reinvestment option would help the depositor benefit from the power of compounding, as the interest component remains invested and starts generating interest income on its own.

Comparison of Top 20 Scheduled Banks based on FD Rates


Banks		Highest
FD rate
(% p.a.)		1-year
FD rate
(% p.a.)		3-year
FD rate
(% p.a.)		5-year
FD rate
(% p.a.)		Additional
interest rate
for senior citizens
(% p.a.)
Unity Small Finance Bank9.007.858.158.150.50
North East Small Finance Bank9.007.009.006.250.50
Suryoday Small Finance Bank8.608.058.608.250.50
Shivalik Small Finance Bank8.556.007.506.500.50
Utkarsh Small Finance Bank8.508.008.507.750.60
Jana Small Finance Bank8.258.258.258.200.50
Ujjivan Small Finance Bank8.258.257.207.200.50
ESAF Small Finance Bank8.256.006.756.250.50
Equitas Small Finance Bank8.258.208.007.250.50
SBM Bank8.257.057.307.750.50
RBL Bank8.107.507.507.100.50
DCB Bank8.057.107.557.400.50
Bandhan Bank8.058.057.255.850.50-0.75
AU Small Finance Bank8.007.257.507.250.50
IDFC First Bank7.906.506.806.750.50
YES Bank7.757.257.257.250.50-0.75
Induslnd Bank7.997.757.257.250.50
Central Bank of India7.457.006.005.750.50
Punjab & Sind7.456.306.006.006.00
HDFC Bank7.406.607.007.000.50

 

Benefits of Using IDFC FIRST FD Calculator

Stated below are some of the benefits of using the online fixed deposit calculator:

Use it Anytime, Anywhere

The FD calculator tool is free and can be used anytime and anywhere. Complex calculations are solved with the click of a button.

Provide you with Accurate Results

The results generated by IDFC FIRST Bank FD Calculator are instant. The automated process of the calculator saves time and provides accurate calculations. On the other hand, manual calculation of the maturity value or interest income for various FD tenures can be a time-consuming and tedious process, which can increase the chances of human errors too.

Helps you in Financial Planning

A fixed deposit calculator makes it easier to determine your FD earnings in advance, which helps with financial planning. Depositors should take into account their financial goals, investment horizon, liquidity requirements and cash flows before opening an FD account.

 

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