A fixed deposit is a complimentary savings account where an investor can deposit funds for a particular period. The investor can choose the tenure of the account. IDFC Bank FD rates will remain the same throughout the entire course of the deposit period. The FD interest rates in IDFC bank will depend on the tenure of the deposit term.Read more
Save upto ₹46,800 in tax under Sec 80C
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Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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Get higher Returns than Fixed Deposit along with Tax Benefits
|BANKS||GENERAL CITIZENS||SENIOR CITIZEN|
|IDFC Bank FD Rates||2.50% - 6.00%||3.00% - 6.50%|
|Axis Bank FD Rates||2.50% - 5.75%||2.50% - 6.50%|
|Bandhan Bank FD Rates||3.00% - 5.00%||3.75% - 5.75%|
|Bank of Baroda FD Rates||2.80% - 5.25%||3.30% - 6.25%|
|Bank of India FD Rates||2.85% - 5.05%||3.35% - 5.55%|
|Canara Bank FD Rates||2.90% - 5.40%||2.90% - 5.90%|
|Central Bank of India FD Rates||2.75% - 5.00%||2.90% - 3.25%|
|DBS Bank FD Rates||2.50% - 5.50%||3.50% - 6.00%|
|HDFC Bank FD Rates||2.50% - 5.60%||3.00% - 6.35%|
|Indian Bank FD Rates||2.90% - 5.15%||3.40% - 5.65%|
|Indian Overseas Bank FD Rates||3.40% - 5.20%||3.90% - 5.70%|
|IndusInd Bank FD Rates||2.50% - 6.00%||3.00% - 6.50%|
|Punjab National Bank FD Rates||2.90% - 5.25%||3.50% - 5.75%|
|SBI FD Rates||5.30% - 5.40%||5.80% - 6.20%|
|UCO Bank FD Rates||2.55% - 5.05%||3.80% - 6.30%|
|Yes Bank FD Rates||3.25% - 6.25%||3.75% - 7.25%|
IDFC Bank started its banking operations in India in the year 2015. With two years of operational experience, this bank is listed on the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
IDFC Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:
The amount that is invested
The Rate of Interest offered
The tenure of the Fixed Deposit Account
The compounding period, that is, yearly, half-yearly, quarterly, or monthly
The FD Amount
Once entered the following details, an investor will come to know:
The maturity value of the FD
The total interest earned during the complete tenure
The fixed deposit scheme offered by IDFC First Bank
IDFC Fixed deposit scheme offers high returns with no risk involved. IDFC Bank FD rates are competitive on all deposits. The minimal amount required for a deposit is very low.
IDFC Bank has several branches, and it also has its presence in small towns and villages.
The IDFC Bank provides the option of tax saver fixed deposits with a lock-in period of 5 years. Hindu Undivided Families, minors, and individuals are eligible for this FD. You can opt for this fixed deposit scheme for availing tax benefits u/s 80C of the IT Act, 1961.
However, it is necessary to keep in mind here that in the case of FD, the tax levied is dependent on the tax bracket in which you fall into and is not dependent on the tenure of FD. If the interest that you have earned is more than Rs.10, 000 then TDS deduction at the rate of 10% would be deducted.
*Tax benefit is subject to changes in tax laws
The ID proofs that you need to present are:
The address proofs that you need to present are:
The IDFC First Bank offers loans up to 90% of its deposits. However, the IDFC Bank does not give loans against the FD of any other banks. The rate of interest at which the bank offers loan ranges between 3.75% to 7%. The maximum tenure of the loan is up to the tenure of FD.
Rate of Interest (Yearly)
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