IDFC First Bank FD Rates 2026

What is an IDFC First Bank Fixed Deposit?

A Fixed Deposit (FD) is a secure financial instrument offered by banks where you invest a lump sum for a predetermined tenure to earn a guaranteed return at a fixed FD interest rate. An IDFC First Bank FD is an investment option in which you deposit funds for a specific period and earn a higher interest rate. IDFC offers an FD investment option with a minimum deposit amount of ₹5,000 for digital fixed deposits and ₹10,000 for offline fixed deposits. Depending on your selected payout option, you can receive interest periodically or at maturity.

A variety of fixed deposit accounts, including Standard, Senior Citizen, Flexi, and Green Fixed Deposits, are offered, along with competitive IDFC interest rates. The bank also offers a Tax Saver FD, ensuring tax savings of up to ₹1,50,000 under Section 80C of the Income Tax Act. For NRIs, the IDFC First Bank NRE Account provides high IDFC FCNR Rates on foreign earnings with the added benefit of being 100% tax-free in India and fully repatriable.

IDFC First Bank FD: Key Highlights

IDFC First Bank FD: Latest updates

Following recent changes in FD interest rates across the banking industry, smaller banks like IDFC Bank offer FD rates of up to 7.25% per annum to general citizens, but mostly on large deposits.

IDFC First Bank FD Rates

The IDFC First Bank FD interest rates 2026 across different tenures and deposit amounts like below crore and above 3 crore with effect from May 21, 2026:

Revised rates below ₹3 Crore

*IDFC FD interest rates w.e.f. 18 April 2026

Revised rates above ₹3 Crore

*IDFC FD interest rates (Non-Callable) w.e.f. May 21, 2026. The above rates apply to deposits of ₹3 crore to ₹5 crore.

Types of IDFC First Bank FD Schemes

Various types of IDFC FIRST Bank FDs offering the best FD interest rates are:

1. Standard Fixed Deposits

   Standard Fixed Deposit is a traditional time deposit account, open to all IDFC FIRST Bank savings or current account holders. Here, the funds are deposited for a fixed period and earn competitive interest.

   Tenure - 7 days to 10 years

   Interest Rate - Higher than a savings account

   Premature Withdrawal - Available, a penalty will be issued

   Loan and Overdraft Facility - Available

2. Senior Citizens Fixed Deposits

   Designed specifically for senior citizens who are 60 years of age or older, the account typically offers better interest rates compared to fixed deposits.

   Additional Benefits - 0.5% higher than the regular interest rate

   Zero Penalty - No penalty on premature withdrawal

   Tenure - 7 days to 10 years

   Age - above 60 years

3. Flexi Fixed Deposits

   A flexible deposit linked to a savings or current account, providing the benefits of both savings and a current account with the higher rates of a fixed deposit.

   Exclusivity- The benefits of savings and a current account

   Interest Rates - Higher

   Savings - Liquidity in Savings Accounts

   Optimal Fund Utilisation - Liquidity in IDFC First Savings Accounts

4. Green Fixed Deposits

   An interest-bearing deposit whose funds will be specifically dedicated to the allocation to Green finance initiatives. It can be bought at a fixed rate of 7.00% p.a. for general and 7.25% p.a. for senior citizens.  

   Tenure - 375-day

   Minimum principal amount - Less than Rs. 3 Cr.

   Enjoy Complete Safety - Deposited under DICGC

   Benefits - Guaranteed returns and save the planet

5. Tax Saver Fixed Deposits

   Tax Saver Fixed Deposits are 5-year term deposits that offer tax deductions up to ₹1.5 lakhs under Section 80C, with fixed interest rates and no premature withdrawal allowed. Senior citizens earn an additional 0.5% interest with zero penalty on early withdrawal.

   Tenure: 5 years

   Interest Rate: Competitive, with an extra 0.5% for senior citizens

   Eligibility: Individuals (including HUF), residents of India, investing individually or jointly

Note: Income tax laws are subject to change.

How to Open an IDFC First Bank FD Account?

An IDFC FIRST Bank FD account can be opened through both online and offline channels. Follow the steps below to open your account:

Online Process

Existing IDFC First Bank customers can open a fixed deposit account online. The bank also offers a digital FD for new customers without a savings account.

For Existing Customers:

Step 1: Download the IDFC FIRST Bank mobile banking app

Step 2: Log in to the app

Step 3: Provide an investment amount

Step 4: Click on “best plan” to receive the most suitable plan

Step 5: Click the “all plans” tab to choose a plan of your liking

Step 6: Give the required approvals

Step 7: You shall also receive an email and SMS notification from IDFC FIRST Bank informing you about the same

For New Customers:

Step 1: Go to the IDFC FIRST Bank website and navigate to the Digital FD section.

Step 2: Submit your basic KYC details and verify with OTP.

Step 3: Choose your desired amount, tenure, interest payout option, and transfer funds to create the FD.

Step 4: Confirm your details and pay via the available services.

Step 5: Upon payment completion, your FD will be activated, and you will start earning interest on your investment.

Offline Process

Step 1: Visit your nearest branch with your KYC documents.

Step 2: Get and complete the fixed deposit application form provided at the branch.

Step 3: Submit your filled form along with the required KYC documents.

Step 4: Deposit the minimum amount using cash or a cheque.

Step 5: The bank will issue a physical Fixed Deposit Receipt as confirmation.

Eligibility to Open an IDFC First Bank FD Account

The following individuals are eligible to apply:

• Must be a resident of India
• Must be 18 years of age or older
• Must be physically located in India

Documents Required to Open an IDFC First Bank FD Account

The following general documents are required to open an IIDFC First Bank FD account:

• Proof of Identity (Aadhaar Card, PAN Card, Passport, etc.)
• Proof of Address (Utility bill, Aadhaar, Passport, etc.)
• Proof of Age (Any document showing date of birth)
• Recent Passport-sized Photograph
• PAN Card

Benefits of IDFC First Bank Fixed Deposits

You can enjoy several attractive benefits when you open a Fixed Deposit with IDFC First Bank. Some of the key advantages are:

• Fixed Returns: IDFC First Bank Fixed Deposits offer guaranteed interest throughout the tenure, ensuring predictable earnings that are unaffected by market volatility.
• Flexible Tenure:  You can choose a tenure that aligns with your financial goals, ranging from 7 days to 10 years, making IDFC First Bank FDs suitable for both short- and long-term savings.
• Higher Rates for Senior Citizens: Senior citizens earn an additional 0.50% interest per annum on top of regular rates, helping them generate higher income from their savings.
• Multiple FD Options: IDFC First Bank offers a range of fixed deposit products, including Standard, IDFC Tax-Saving FD, Flexi FD, and Green FD for sustainable investing .
• Premature Withdrawal Facility: IDFC First Bank allows premature withdrawal on most of its fixed deposit schemes. For senior citizens, there is zero penalty for early withdrawal. For other customers, a penalty of up to 1% on the applicable interest rate may apply, depending on the FD type and tenure.
• Loan/Overdraft Facility: IDFC First Bank offers loan and overdraft facilities against your fixed deposit, helping you meet urgent cash requirements without breaking your FD. The loan amount can be up to 90% of the FD value, and the loan interest is charged at 2% above the applicable FD rate. This makes it a convenient way to manage short-term financial needs while keeping your investment intact.
• Sweep-In/Sweep-Out Facility: The bank provides an auto-sweep facility that links a savings or current account to a fixed deposit. When the account balance exceeds a predefined threshold (e.g., ₹75,000), the surplus is moved to a 370-day FD (sweep-out). If funds are needed, the FD is broken partially (IDFC FIRST sweep-in) without penalty, maintaining liquidity while earning higher interest on idle balances.

Key Takeaways

IDFC Bank FD rates range up to 7.25% p.a. for general citizens and 7.50% p.a for senior citizens. With flexible tenures ranging from 7 days to 10 years and multiple FD schemes such as Tax Saver FDs and Flexi FDs. IDFC Bank offers additional benefits such as a loan against FD and zero penalty on premature withdrawals. IDFC First Bank tax-saver FD rates offer 7.15% for general and 7.40% for senior citizens for a tenure of up to 5 years.