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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Get higher Returns than Fixed Deposit along with Tax Benefits
|Idfc Bank FD Rates in India|
|Tenure||General Public FD Rates||Senior Citizen FD Rates|
|7 days to 14 days||4.00%||4.50%|
|15 days to 29 days||5.00%||5.50%|
|30 days to 45 days||6.25%||6.75%|
|46 days to 90 days||6.50%||7.00%|
|91 days to 180 days||6.75%||7.25%|
|181 days to 1 year||7.00%||7.50%|
|366 days to 2 years||7.50%||8.00%|
|3 years 1 day to 10 years||8.25%||8.75%|
|731 years to 3 years||8.00%||8.50%|
|Axis Bank||5.75%||5 years to 10 years||View Details|
|Bank of Baroda||5.30%||5 years 1 day to 10 years||View Details|
|Bank of India||5.40%||5 years to 10 years||View Details|
|Canara Bank||5.45%||3 years to 10 years||View Details|
|Central Bank of India||5.35%||5 years to 10 years||View Details|
|HDFC Bank||5.50%||5 years 1 day to 10 years||View Details|
|ICICI Bank||5.50%||5 years 1 day to 10 years||View Details|
|IDBI Bank||5.70%||7 years 1 day to 10 years||View Details|
|State Bank Of India||5.40%||5 years to 10 years||View Details|
|Yes Bank||7.00%||1 year to 10 years||View Details|
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).
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.
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