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IDFC Bank Fixed Deposit (FD) Interest Rates

Bajaj highest fd interest
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Features of IDFC Bank FD

ET Money commission
Interest rates (p.a)5.75% - 6.25%
aum fund
Minimum deposit ₹10,000
aum fund
Maximum deposit ₹5 Crs
lock in
Lock-in lock12 months
age
Tenure 1 yr - 10 yrs
senior citizen
Senior citizen help icon Extra up to 0.5% p.a.

Why IDFC Bank FD is the right choice

high returns
Higher Returns

Get more returns than bank FD; assured returns up to 6.25% p.a.

high credit rating
Strong Financials

CRISIL AAA (Stable) and ICRA AAA (Stable)

flexible payout options
Flexible Payout Options

Get interest amount at regular intervals or lumpsum at maturity

FD Calculator

Who can invest in IDFC Bank FD?

Individual investor

Individuals investing as single FD holders

Above 18

Investors who are above 18 years of age. Senior citizens earn additional up to 0.5% p.a. interest

Indian resident

Investors who are resident Indian citizens

About IDFC First Bank

IDFC First Bank (formerly known as IDFC Bank) is a popular Indian bank. It began operations from 1st October 2015. The bank provides a wide range of financial services to individuals, corporates and small businesses. It offers current and savings accounts, NRI accounts, salary accounts, fixed and recurring deposits, demat accounts, home and personal loans as well as wealth management services among other services. The bank has a nationwide presence with 260 branches and 454 rural business correspondent centres all across the country.

Benefits of IDFC Fixed Deposit

  • 1. Competitive interest rates - IDFC offers attractive interest rates on fixed deposits across all tenures. Depositors below the age of 60 can get up to 7.00% interest on their deposits while senior citizens can avail as high as 7.50%.
  • 2. No premature withdrawal charges for senior citizens - Senior citizens do not have to pay any penalty in case they withdraw their money before the maturity of the FD. This is a unique feature of IDFC FD. This feature can benefit senior citizens who can comfortably withdraw their money in case of financial emergencies. They don't have to worry about paying a penalty for premature withdrawal.
  • 3. Auto renewal facility - IDFC allows you to automatically renew your FDs at the end of the deposit tenure. If you don't want to withdraw your funds at the time of maturity, your FD automatically gets renewed for the same tenure as your original deposit. This allows you to earn higher returns over time. But bear in mind that IDFC does not provide automatic renewal facility if you do not have a PAN.

Frequently Asked Questions

Who can invest in IDFC FD?

You can open a Fixed Deposit with IDFC Bank if you fall into any of the following categories:

  • Individuals
  • Sole Proprietorship
  • One Person Company
  • Hindu Undivided Family (HUF)
  • Partnership Firm
  • Limited Liability Partnership (LLP)
  • Private/ Public Limited Company
  • Trust, Association, Society Government/ Quasi Government Institutions
  • Joint Ventures
  • Liaison/ Representative/ Branch Office of foreign companies
  • Embassy offices in India

The minimum amount required to open a FD with IDFC Bank is Rs. 10,000.

There is no limit on how much you can deposit. You can deposit any amount above Rs. 10,000.

Yes. The bank allows premature withdrawals on fixed deposits. The penalty on premature closure on an IDFC Bank FD is subject to the 'Premature Closure Penalty' as prescribed by the Bank on the date of deposit. The penalty is subject to change from time to time.

Interestingly, the bank does not charge a penalty for senior citizens on early withdrawals.

Any customer aged 60 years or above is eligible for a Senior Citizen’s Fixed Deposit. Senior citizens get an additional rate of 0.50% compared to other depositors at similar tenures.

The minimum tenure is 7 days.

The maximum tenure is 10 years.

No, you cannot change the tenure of your FD once you open it. However, if you wish to alter your tenure, you have the option to open another FD with the new tenure.

To open an IDFC Bank FD, you need to provide the following documents:

  • Identity proof
  • Proof of residence
  • Passport size photograph

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ET Money does not offer investment options with IDFC Bank fixed deposit,