IDFC First Bank provides short-term FDs ranging from seven days to one year and long-term FDs ranging from one to ten years. The private sector lender's FD interest rates range from 2.75 percent p.a. to 5.75 percent p.a. for deposits with a tenure of 7 days to ten years.
Punjab National Bank (PNB) revised the interest rates on retail term deposits earlier in January.
Here are the IDFC First Bank latest FD interest rates on bulk deposits
IDFC First Bank offers 2.75 percent interest rate for FDs maturing in seven days to 14 days. The bank gives 2.85 percent and 3.10 percent interest rate respectively for 15-60 days and 61-90 days. For term deposits maturing in 92-180 days 3.55 percent, and 181-270 days 3.80 percent.
For FDs maturing in 271 - 365 days 4.00 percent, 366 - 398 days 4.30 percent and 399 days 3.75 percent. The bank gives an interest rate of 4.65 percent for term deposits with tenure 400 - 540 days. IDFC First Bank gives 5.05 percent interest for FDs maturing in 541 to 1095 days.
| Tenors | Interest rates |
| 7 - 14 days | 2.75% |
| 15 - 60 days | 2.85% |
| 61 - 91 days | 3.10% |
| 92 - 180 days | 3.55% |
| 181 - 270 days | 3.80% |
| 271 - 365 days | 4.00% |
| 366 - 398 days | 4.30% |
| 399 days | 3.75% |
| 400 - 540 days | 4.65% |
| 541 -1095 days | 5.05% |
| 3 years 1days - 10 Years | 5.70% |
Source: IDFC First Bank website
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