Idfc first bank interest rates

State Bank of India (SBI), Axis Bank, Kotak Mahindra Bank and IDFC First Bank offer fixed deposits (FDs) for tenures ranging from 7 days to 10 years. It's always important to compare the FD interest rates offered by various banks before parking your money for any FD deposit. Axis Bank and IDFC First Bank have revised interest rates on fixed deposits this month. SBI FDs between 7 days to 45 days will fetch 2.9%. Term deposits between 46 days to 179 days will give 3.9%. FDs of 180 days to less than one year will fetch 4.4%. Deposits with maturity between 1 year and up to less than 2 years will give 10 bps more now. These deposits will fetch an interest rate of 5% instead of 4.9%. FDs maturing in 2 years to less than 3 years will give 5.1%. FDs with 3 years to less than 5 years will offer 5.3% and term deposits maturing in 5 years and up to 10 years will continue giving 5.4%. These rates are applicable with effect from 8 January 2021. SBI offers senior citizens’ an additional 50 bps interest rate across all tenors. After the latest revision, senior citizens will get 3.4% to 6.2% on FDs maturing in 7 days to 10 years. These rates are applicable from 8 January 2021. 7 days to 45 days - 2.9% 46 days to 179 days - 3.9% 180 days to 210 days - 4.4% 211 days to less than 1 year - 4.4% 1 year to less than 2 years - 5% 2 years to less than 3 years - 5.1% 3 years to less than 5 years - 5.3% 5 years and up to 10 years - 5.4%2 years to less than 3 years - 5.1% 3 years to less than 5 ye...

The interest rates on savings bank accounts have been modified by private sector lender IDFC First Bank. The bank's official website states that the new savings account rates are effective as of July 20, 2022. In accordance with the revised, IDFC First Bank is now providing its savings account customers with a maximum interest rate of 6 per cent. IDFC First Bank Savings Account Rates The bank is now giving a 4 per cent interest rate on savings account balances up to ₹10 lac, while IDFC First Bank is now offering a maximum interest rate of 6 per cent on savings bank deposits of ₹10 lac to ₹25 Cr. On balances more than ₹25 crore to ₹100 crore, savings account holders will now receive interest at a rate of 5.00 per cent; on balances higher than ₹100 crore to ₹200 crore, they will now receive interest at a rate of 4.50 per cent. On a savings bank account balance of more than ₹200 crore, IDFC First Bank will now pay an interest rate of 3.50 per cent. View Full Image IDFC First Bank Savings Account Rates (idfcfirstbank.com) On its website, IDFC First Bank highlighted the following key points regarding interest rates payable on a progressive basis. 1. In case your account balance with us is Rs. 25,000, the interest payable to you will be 4% on the entire Rs. 25,000. 2. In case your account balance with us is Rs. 5 lacs, the interest payable to you will be 4% on Rs. 5 lacs. 3. In case your account balance with us is Rs. 1.10 crores, the interest payable to you will be 4% on Rs. 10...

Fixed deposit investors can rejoice for decent returns on their investment, as several of India's largest banks have begun raising interest rates on fixed deposits. Fixed deposit investment has also been the best option for debt investors, regardless of whether the stock market is going up or down, and based on their financial goals, they can invest in fixed deposits for flexible tenure that ranges from 7 days to 10 years, making fixed deposits to pick out of the box. While we're on the subject of fixed deposits, let me remind you that banks like State Bank of India (SBI), HDFC, ICICI, Axis, and IDFC First Bank have altered their interest rates on fixed deposits, which we'll compare for your convenience. In addition, we will provide a list of banks that have altered their interest rates on fixed deposits in the current month in this article. Tenors Regular Senior Citizens 7 days to 45 days 2.9 3.4 46 days to 179 days 3.9 4.4 180 days to 210 days 4.4 4.9 211 days to less than 1 year 4.4 4.9 1 year to less than 2 year 5.1 5.6 2 years to less than 3 years 5.1 5.6 3 years to less than 5 years 5.3 5.8 5 years and up to 10 years 5.4 6.2 Source: Bank Website ICICI Bank ICICI Bank has recently updated its interest rates on deposits of less than Rs. 2 crore, effective January 20, 2022. The modified rates are shown below. Tenors Regular Senior Citizens 7 days to 14 days 2.50% 3.00% 15 days to 29 days 2.50% 3.00% 30 days to 45 days 3.00% 3.50% 46 days to 60 days 3.00% 3.50% 61 days t...

Banks have recently increased their fixed deposit rates to attract more deposits in order to grow their market share and control the widening credit–deposit growth gap. Consider this: Suryoday Small Finance Bank, Ujjivan Small Finance Bank and RBL Bank are offering the highest interest rate at 8.01 per cent, 8 per cent and 7.55 per cent for a tenure of 1-2 years, according to data compiled by BankBazaar.com. Followed by six banks- Bandhan Bank, DCB Bank, IDFC First Bank, Equitas Small Finance Bank, Fincare Small Finance Bank and Jana Small Finance Bank- offering 7.5 per cent. Fixed deposit (FD) is an investment product where in return for a lump sum of money kept in a bank for a fixed period of time you earn a fixed interest rate. The interest rate on FDs varies depending on the bank, the deposit amount, and the tenure of the deposit. Banks also generally offer higher interest rates for senior citizens. Fixed deposit rates usually increase when the central bank increases the repo rate- the rate at which commercial banks borrow from the Central Bank. The Reserve Bank of India (RBI) has recently increased the repo rate by 225 bps to 6.25 per cent in 2022, to reduce liquidity and control inflation. The high-interest rate also led to a jump in bond yield for 10-year-government bonds. For example, in 2022 the 10-year bond yield jumped by 13 per cent upto 7.61 per cent. Also Read:

Bank interest rates on Savings Account Are you losing money with a low-yield savings account? Switch to a IDFC FIRST Bank IDFC FIRST Bank offers savings account interest rates up to 6.75% p.a. with monthly credits. This means you get more money to spend, save or invest. Additionally, since this interest is based on progressive balances in the applicable interest rate slab, you earn every day! So don’t miss out. Open a savings account with IDFC FIRST Bank today! “Recently, I opened a new bank account with IDFC FIRST Bank. Firstly, in terms of the process to open a savings account, it is truly hassle-free. Thanks for being ahead in terms of customer satisfaction and banking services, making it easy for new customers like me. I wish IDFC FIRST Bank a great future and looking forward to a long term association.” • Sougata Das “I recently opened a Savings Account with IDFC FIRST Bank, and I must tell you that I'm really happy with the features and benefits offered by the savings account. The netbanking services are quite advanced which makes the process easy. Also, IDFC FIRST Bank employees are cordial and helpful, making the overall experience a pleasant one.” On Balances (in ₹) Rate of Interest (% p.a.) 10Lac 50Cr 100 Cr 200 Cr 3.50% (Effective from 09/03/2023) Interest will be calculated on progressive balances in each Interest Rate Slab, as applicable Please note that interest rates are subject to periodic change. FEATURED Enjoy Monthly Interest Credits on your Savings A...