IDFC First Bank revises fixed-deposit interest rates; check latest FD rates here

From 1 May, IDFC First Bank also lowered its interest rates on the savings account.

Fixed-deposit (FD) interest rates of IDFC First Bank have been revised with effect from May 1. Short-term FDs ranging from seven days to one year and long-term FDs ranging from one to ten years are offered by IDFC First Bank.

For IDFC First Bank, FD interest rates range from 2.75 percent p.a. to 6 percent p.a. for deposits with a tenure of seven days to 10 years.

IDFC First Bank offers a 2.75 percent interest rate for FDs maturing in seven days to 14 days. The bank gives a 3 percent and 3.50 percent interest rate for 15-29 days and 30-45 days respectively. IDFC First Bank gives 4 percent and 4.50 percent for deposits maturing in 46 - 90 days and 91 - 180 days. IDFC First Bank gives 5.25 percent for FDs maturing in 181 days – less than one year.

The bank gives 5.50 percent for term deposits maturing in one year – two years. IDFC First Bank gives 5.75 percent for two years one day – three years. IDFC First Bank FD interest rates for long term deposits with a tenure of three to five years are 6 percent and are 5.75 percent for five to 10 years.

Here are IDFC First Bank latest FD interest rates on deposits effective May 1