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 fixed deposit

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. Below interest rates are effective from 7 December, 2016.

Current IDFC Bank Fixed Deposit Interest Rates 2018:

MaturityBelow 1 crore interest rate

(% p.a.)

Below 1 crore Senior interest rate

(% p.a.)

7 Days to 14 Days4.00%4.50%
15 Days to 30 Days5.00%5.50%
30 Days to 45 Days6.25%6.75%
46 Days to 60 Days6.50%7.00%
61 Days to 90 Days6.50%7.00%
91 Days to 180 Days6.75%7.25%
181 Days to 270 Days7.00%7.50%
271 Days to 365 Days7.00%7.50%
366 Days to 400 Days7.25%7.75%
401 Days to 540 Days7.25%7.75%
541 Days to 731 Days7.20%7.70%
732 Days to 1095 Days7.20%7.70%
3 Years to 5 Years7.20%7.70%
5 Years to 8 Years7.20%7.70%
8 Years to 10 Years7.20%7.70%

Table Updated: 11 January, 2018

Note: You have to contact 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