IDFC First Bank FD Rates 2025

Explore Guaranteed Return Plans

Guaranteed return plans provide assured returns and the security of a life cover. These plans are an excellent option for risk-averse investors, as they are not affected by market fluctuations.

What is an IDFC First Bank Fixed Deposit?

An IDFC First Bank FD refers to an investment option in which you deposit funds for a specific period of time and earn a higher FD interest rate on them. 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.

About FDs & Other Options 

When choosing an investment, it's important to understand the distinctions between options. Fixed deposits offer guaranteed returns and security, while other products, such as guaranteed return plans and mutual funds, can provide growth opportunities with different degrees of risk.

IDFC First Bank FD: Key Highlights 

IDFC First Bank FD: Latest updates 

In recent changes in the FD rates, smaller banks like IDFC First Bank are paying higher interest rates of up to 7% per annum in max cases, but mostly on large amounts of deposits.

IDFC First Bank FD Rates 

The IDFC First Bank FD interest rates 2025 across different tenures and deposit amounts are given below.

Revised rates below ₹3 Crore

*Note: IDFC FD interest rates w.e.f. November 04, 2025. 

Revised rates above ₹3 Crore 

*Note: IDFC FIRST Bank FD interest rates (Non-Callable) w.e.f. November 14, 2025. The above rates apply to deposit amounts from ₹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 - Sweep-in and sweep-out from savings account

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 6.50% p.a. 

   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 Hindu Undivided Families), residents of India, investing individually or jointly (tax benefits apply only to the primary account holder)

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 matches your financial goals, anywhere from 7 days to 10 years, making IDFC First Bank FDs suitable for both short-term and long-term savings.
• Higher Rates for Senior Citizens: Senior citizens earn an additional 0.50% interest per annum over regular rates, helping them generate higher income from their savings.
• Multiple FD Options: IDFC First Bank offers a variety of fixed deposit products, such as Standard, Tax Saving FDs, Flexi FDs linked to Savings Accounts, and Green FDs 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 interest on the loan 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 with 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 (sweep-in) without penalty, maintaining liquidity while earning higher interest on idle balances.

Key Takeaways

IDFC First Bank FD rates offer competitive returns, ranging up to 7.00% for general citizens. With flexible tenures from 7 days to 10 years and options like Tax Saver FDs and Flexi FDs, IDFC First Bank provides a secure, high-interest investment choice. Senior citizens enjoy an extra 0.50% in interest, with additional benefits like loans against FD and zero penalty on premature withdrawals.