| IDFC FIRST Bank FD Interest Rates (p.a.) Highlights | |
| Highest slab rate | 7.90% (for 400 days to 500 days) |
| For 1 year | 6.50% |
| For 2 years | 7.25% |
| For 3 years | 6.80% |
| For 4 years | 6.75% |
| For 5 years | 6.75% |
| Tax-Saving FD | 6.75% |
The interest rates are updated as of 15 January 2025
IDFC FIRST Bank FD Interest Rates
Fixed Deposit Rates for Domestic/NRO/NRE Deposits of less than Rs 3 crore w.e.f. 26 November 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 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 |
| 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
IDFC Tax Saver Deposit w.e.f. 26 November 2024
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years (only for domestic deposits) | 6.75 | 7.25 |
IDFC Green Deposit (less than Rs 3 crore) w.e.f. 26 November 2024
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 725 days | 7.25 | 7.75 |
Interest Rates on FCNR deposits of up to 1 million w.e.f. 20 December 2024
| Tenure | Interest Rates (% p.a.) | ||||
| USD | GBP | EUR | AUD | SGD | |
| 1 year to less than 15 months | 5.80 | 4.45 | 3.05 | 4.00 | 4.00 |
| 15 months to less than 2 years | 5.80 | 4.45 | 3.05 | 4.00 | 4.00 |
| 2 years to less than 3 years | 4.85 | 4.00 | 2.65 | 4.45 | 3.25 |
| 3 years to less than 4 years | 4.50 | NA | NA | NA | NA |
| 4 years to less than 5 years | 4.85 | NA | NA | NA | NA |
| 5 years only | 4.25 | NA | NA | NA | NA |
Interest Rates on FCNR deposits of above 1 million w.e.f. 12 November 2024
| Tenure | Interest Rates (% p.a.) | ||||
| USD | GBP | EUR | AUD | SGD | |
| 1 year to less than 15 months | 5.25 | NA | NA | NA | NA |
| 15 months to less than 2 years | 5.25 | NA | NA | NA | NA |
| 2 years to less than 3 years | 4.50 | NA | NA | NA | NA |
| 3 years to less than 4 years | 4.00 | NA | NA | NA | NA |
| 4 years to less than 5 years | 4.00 | NA | NA | NA | NA |
| 5 years only | 4.00 | NA | NA | NA | NA |
IDFC First Bank Credit Card Against FD
IDFC FIRST WOW! Credit Card is a lifetime free secured credit card featuring an attractive reward point program, welcome benefits, Visa Infinite Premium Platform benefits and top offers on dining, health and wellness and 50+ In-app online discount offers.
No income documents or credit check is required for IDFC FIRST WOW! Credit Card. Stated below are some of the main features of this credit card.
| Particulars | IDFC FIRST WOW! Credit Card |
| Credit Limit | Minimum 100% of the FD |
| Minimum FD | Rs 20,000 (Rs 25,000 for NRIs) |
| FD Interest Rate |
7.25% p.a. onwards |
| Offers | 5% cashback on first EMI transaction, Fuel surcharge waiver, dining, health & wellness offer and much more |
| Key Privileges | Personal Accident cover of up to Rs 2 lakhs |
| 4 complimentary Roadside Assistance (RSA) in a year | |
| No markup charges on foreign currency transactions | |
| Annual/Joining Fees | NIL |
| Add on Card Fee | NIL |
| Finance Charges | 9% – 43.8% p.a. |
| Reward Redemption | Reward points can be redeemed while shopping online or in-store through the ‘pay with points’ option. |
| Alternatively, reward points can be used for making purchases at idfcfirstrewards.poshvine.com. |
Types of IDFC FIRST Bank FD Schemes
Standard Fixed Deposit
- Minimum deposit amount: Rs 10,000
- Tenure: 7 days to 10 years
- Interest pay-out options: Monthly, quarterly and at maturity
- The scheme also allows reinvestment of the interest component to the deposit amount to earn higher yields. The interest component is compounded quarterly and paid at maturity.
- Interest rates will be calculated on a “simple interest” basis for up to 180 days.
- In the case of the monthly interest pay-out option, the interest will be calculated for the quarter and paid monthly at a discounted rate over the standard fixed deposit rate
- Additional interest rates of 50bps are offered to senior citizen FD depositors
- Loan against the FD facility is available for up to 90% of the deposit amount
IDFC FIRST Digital Fixed Deposits
- A Digital Fixed Deposit scheme allows depositors to book an FD without opening a savings account with the IDFC FIRST Bank.
- Deposit amount: Minimum – Rs 5,000; Maximum – Rs 90,000
- Tenure: 7 days to 10 years
- The scheme involves an end-to-end digital and paperless booking process.
- Digital FD can only be booked under a single name, not jointly
- Depositors are not allowed to open more than one Digital FD
- Interest Pay-out options include monthly and quarterly wherein FD interest will be credited monthly and quarterly, respectively.
- This scheme also allows reinvestment of the interest component to the deposit amount wherein the interest is quarterly compounded and paid at maturity.
- This scheme allows reinvestment of the interest component to the deposit amount
- Nomination facility is available
Tax Saver Fixed Deposits
- Deposits under this scheme are eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C in each financial year
- The tax benefit will be available only to the first holder of the deposit, in case of joint deposits
- Lock-in period – 5 years
- Premature withdrawal of tax-saver fixed deposits is not allowed
IDFC FIRST Bank’s Green Fixed Deposits
- A Green Fixed Deposit is a scheme where funds are invested in green projects and activities. These activities encompass funding water and sanitation initiatives, renewable energy projects, electric vehicles, and more
- Deposit amount: Minimum – Rs 5,000; Maximum – less than Rs 3 crore
- Tenure: 725 days
- The scheme GeoTagged tree with every First FD over Rs 1 lakh
- Additional interest rates of 0.50% p.a. are offered to senior citizen FD depositors
- Depositors can avail overdrafts against green FDs
- Quarterly and monthly interest payout options are available
- Depositor also have the option of receiving interest payout at maturity
Flexi Fixed Deposits
- Flexi Fixed Deposit is a sweep-out facility on FD offered to senior citizens, minors and non-individuals
- This scheme allows customers to link their FD account to their savings or current account
- Depositors can set a limit to their savings or current account. The balance that exceeds the specified limit is transferred to their FD account automatically.
- The scheme is only available for Senior Citizens, Minors and Non-individual accounts
NRE Fixed Deposit
- Tenure: 1 year – 10 years
- Interest on deposits is compounded every 90 days and paid on maturity
- Depositors can opt for a monthly or quarterly payout option
- Amount from NRE deposits is freely repatriable
NRO Fixed Deposit
- Tenure: 7 days – 10 years
- Interest is compounded every 90 days and paid at maturity
- Monthly or quarterly payout option is also available
- Deposits can be repatriated with a limit of USD 1 million in one financial year, after the payment of applicable taxes
FCNR Fixed Deposit
- Tenure: 1 year – 5 years
- This FD scheme can be opened in the following currencies: US Dollar (USD), Pound Sterling (GBP), Euro (EUR), Australian Dollar (AUD) and Singapore Dollar (SGD)
- Interest on deposits is compounded at intervals of 180 days each and thereafter for the remaining actual number of days
- The principal and interest amount are both freely and completely transferable
Premature Withdrawal of Fixed Deposits
- Premature withdrawal of deposits is allowed, subject to a penalty of 1%. However, this does not apply to FDs of government, quasi-government, regulatory or statutory bodies
- Interest will be paid on the basis of the interest rate applicable at the time of opening the fixed deposit, for the corresponding period for which FD has remained with the bank
- The above-mentioned penal rate will be applicable to all FDs booked and/or renewed on or after May 2, 2019
- Premature withdrawal of senior citizen fixed deposits is allowed with no penal charges
IDFC First Bank Fixed Deposit Calculator
Investors can check the maturity amount of the scheme by using the online FD Interest Calculator at Paisabazaar.com. Also, IDFC Bank FD rates differ for different tenures. So, investors can use FD calculator available online at Paisabazaar.com to calculate and compare potential returns. Investors can calculate their potential returns by providing details like deposit amount, FD Rate and deposit tenure.
FAQs
Q: What is the highest FD rate in IDFC Bank?
A. The highest fixed deposit interest rate in IDFC Bank is 7.90% p.a. for a tenure of 400 days to 500 days.
Q. What is the minimum amount that can be invested in IDFC FIRST Bank fixed deposit?
A. The minimum amount to be deposited in an FD scheme is Rs 10,000.
Q. What is the maximum amount that can be invested in IDFC First Bank’s fixed deposit?
A. The maximum amount that can be deposited is up to Rs. 10 crores in an FD scheme.
Q. What is the maximum amount that can be invested in IDFC FIRST Bank Tax Saver fixed deposit scheme?
A. The maximum amount that depositors can submit is Rs 1.5 lakh in the Tax Saver fixed deposit scheme.
Q. What is the minimum and maximum tenure for which the deposit can be made?
A. The minimum and maximum tenure for the IDFC FIRST FD scheme is 7 days to 10 years. Tax Saver fixed deposits have a lock-in period of 5 years with no premature withdrawal.
Q. Do senior citizens get additional interest rates on deposits?
A. Senior citizens get an additional interest rate of 0.50% on regular deposits. To avail of preferential interest rates, the depositor has to provide age proof and he should be an Indian resident. Non-resident senior citizens cannot avail of preferential interest rates.