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 having received it license from the Reserve Bank of India in July 2015.
IDFC Bank originally started as a non-banking financial corporation in 1998. Today it run’s 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 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.
Current IDFC Bank Fixed Deposit Interest Rates:
|Maturity||Below 1 crore interest rate|
|Below 1 crore Senior interest rate|
Table Updated: 30 July, 2016
Note: You have to contact nearest branch for fixed deposit above 1 crore.