IDFC Bank believes in what they stand for and not what they preach. IDFC Bank is a private sector bank offering business, personal, and wholesale banking services in India. The bank started its operations in October 2015 has received its license from the Reserve Bank of India in July 2015.
IDFC Bank originally started as a non-banking financial corporation in 1998. Today it runs its operations in more than 23 cities like Delhi, Hyderabad, Ahmedabad, Mumbai, and many other cities. IDFC bank also operates more than 15 branches in small towns and villages as well that has a population of less than 10,000.
IDFC Bank offers fixed deposits for various tenors. Ranging from 7 days to 10 years, the bank offers competitive interest rates on all its deposits. The interest rates on tenors up to 6 months are calculated on a simple interest basis. All tenors above 6 months are calculated on a quarterly basis. IDFC Bank also offers an additional rate of 0.50% for senior citizens. Below interest rates are effective from 3 July 2018.
Current IDFC Bank Fixed Deposit Interest Rates 2019:
|Maturity||Below 1 crore interest rate|
|Below 1 crore Senior interest rate|
|7 Days to 14 Days||4.00%||4.50%|
|15 Days to 30 Days||5.00%||5.50%|
|30 Days to 45 Days||6.25%||6.75%|
|46 Days to 60 Days||6.50%||7.00%|
|61 Days to 90 Days||6.50%||7.00%|
|91 Days to 180 Days||6.75%||7.25%|
|181 Days to 270 Days||7.00%||7.50%|
|271 Days to 365 Days||7.00%||7.50%|
|366 Days to 400 Days||7.50%||8.00%|
|401 Days to 540 Days||7.50%||8.00%|
|541 Days to 731 Days||7.50%||8.00%|
|732 Days to 1095 Days||8.00%||8.50%|
|3 Years to 5 Years||8.25%||8.75%|
|5 Years to 8 Years||8.25%||8.75%|
|8 Years to 10 Years||8.25%||8.75%|
Table Updated: 20 February 2019
Note: You have to contact the nearest branch for fixed deposit above 1 crore.
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Confirm details from official IDFC website @https://www.idfcbank.com/content/dam/idfc/image/other-pdfs/Interest%20Rate.pdf