Trusted by 1L+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 1L+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below
Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below
Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
IDFC First Bank Fixed Deposit(FD) Interest Rates 2023
IDFC First Bank Fixed Deposit(FD) Interest Rates 2023
May 10, 2023
5 Minutes
"Unlocking Financial Growth: A Comprehensive Guide to IDFC First Bank Fixed Deposits"
Discover the lucrative world of IDFC First Bank Fixed Deposits, offering interest rates from 5.00% to 7.00%. Dive into this comprehensive guide to explore the tenure options, features, and benefits, empowering you to make informed financial decisions.
IDFC First Bank FD Interest Rates: A Spectrum of Opportunities
IDFC First Bank boasts attractive FD interest rates ranging from 5.00% to 7.00%, depending on the deposit tenure. With flexible tenure options spanning 3 months to 10 years and a modest minimum deposit of ₹10,000, investors can tailor their FD investments to align with their financial goals.
IDFC First Bank: A Financial Powerhouse
Headquartered in Mumbai, IDFC First Bank secured its Universal Banking License in 2015 from the RBI. Renowned for its corporate and commercial banking services, the bank stands as a promising financial institution in India.
Features and Benefits of IDFC First Bank FD: A User-Centric Approach
IDFC First Bank's FD scheme stands out with competitive interest rates, user-centric features, and benefits. Senior citizens enjoy even higher interest rates, ranging from 5.00% to 7.00%. Notable features include the highest interest rate of 6.00% for a 500-day tenure, deposits secured under the RBI's Deposit Insurance Scheme, and the flexibility to avail loans against FD.
IDFC First Bank FD Interest Rates Across Tenures: Tailoring Your Investment
Understanding the interest rates across different tenures is crucial. Short-term deposits (7 days to 12 months) offer rates between 2.75% and 4.15%, while medium-term (1 year to less than 5 years) and long-term (5 years to 10 years) deposits provide rates around 4.15% - 4.20% and a fixed rate of 4.20%, respectively.
Opening an IDFC First Bank FD Account: Seamless and Convenient
Customers can embark on their FD investment journey through various channels, including internet banking, the mobile app, or a visit to the nearest IDFC Bank branch. The process requires essential documentation such as proof of identity, address proof, and proof of date of birth.
Tax Implications and Additional Benefits: Navigating the Financial Landscape
Investing in IDFC First Bank FDs presents tax-saving benefits under Section 80C. However, interest income is taxable per applicable income tax slab rates. TDS applies for interest income exceeding Rs. 40,000 (Rs. 50,000 for senior citizens), with a higher rate for non-PAN holders.
Loan Against FD and Premature Closure: Unlocking Financial Flexibility
IDFC First Bank offers the unique feature of availing loans against FDs, allowing investors to access up to 90% of the deposit amount at an interest rate between 3.75% and 7%. Premature closure is permitted, excluding tax-saving FDs, subject to the bank's terms and conditions.
Conclusion:
Informed Investments with IDFC First Bank Fixed Deposits
In conclusion, IDFC First Bank Fixed Deposits present a compelling opportunity for investors seeking attractive interest rates and customer-friendly features. Whether opening an FD account through internet banking, the mobile app, or a branch visit, investors can leverage additional benefits, including tax-saving options, loans against FDs, and premature closure. Stay informed about updated FD rates to make strategic investment decisions.
Disclaimer: All information is subject to change. Users are encouraged to verify details on the official IDFC First Bank website.
"Unlocking Financial Growth: A Comprehensive Guide to IDFC First Bank Fixed Deposits"
Discover the lucrative world of IDFC First Bank Fixed Deposits, offering interest rates from 5.00% to 7.00%. Dive into this comprehensive guide to explore the tenure options, features, and benefits, empowering you to make informed financial decisions.
IDFC First Bank FD Interest Rates: A Spectrum of Opportunities
IDFC First Bank boasts attractive FD interest rates ranging from 5.00% to 7.00%, depending on the deposit tenure. With flexible tenure options spanning 3 months to 10 years and a modest minimum deposit of ₹10,000, investors can tailor their FD investments to align with their financial goals.
IDFC First Bank: A Financial Powerhouse
Headquartered in Mumbai, IDFC First Bank secured its Universal Banking License in 2015 from the RBI. Renowned for its corporate and commercial banking services, the bank stands as a promising financial institution in India.
Features and Benefits of IDFC First Bank FD: A User-Centric Approach
IDFC First Bank's FD scheme stands out with competitive interest rates, user-centric features, and benefits. Senior citizens enjoy even higher interest rates, ranging from 5.00% to 7.00%. Notable features include the highest interest rate of 6.00% for a 500-day tenure, deposits secured under the RBI's Deposit Insurance Scheme, and the flexibility to avail loans against FD.
IDFC First Bank FD Interest Rates Across Tenures: Tailoring Your Investment
Understanding the interest rates across different tenures is crucial. Short-term deposits (7 days to 12 months) offer rates between 2.75% and 4.15%, while medium-term (1 year to less than 5 years) and long-term (5 years to 10 years) deposits provide rates around 4.15% - 4.20% and a fixed rate of 4.20%, respectively.
Opening an IDFC First Bank FD Account: Seamless and Convenient
Customers can embark on their FD investment journey through various channels, including internet banking, the mobile app, or a visit to the nearest IDFC Bank branch. The process requires essential documentation such as proof of identity, address proof, and proof of date of birth.
Tax Implications and Additional Benefits: Navigating the Financial Landscape
Investing in IDFC First Bank FDs presents tax-saving benefits under Section 80C. However, interest income is taxable per applicable income tax slab rates. TDS applies for interest income exceeding Rs. 40,000 (Rs. 50,000 for senior citizens), with a higher rate for non-PAN holders.
Loan Against FD and Premature Closure: Unlocking Financial Flexibility
IDFC First Bank offers the unique feature of availing loans against FDs, allowing investors to access up to 90% of the deposit amount at an interest rate between 3.75% and 7%. Premature closure is permitted, excluding tax-saving FDs, subject to the bank's terms and conditions.
Conclusion:
Informed Investments with IDFC First Bank Fixed Deposits
In conclusion, IDFC First Bank Fixed Deposits present a compelling opportunity for investors seeking attractive interest rates and customer-friendly features. Whether opening an FD account through internet banking, the mobile app, or a branch visit, investors can leverage additional benefits, including tax-saving options, loans against FDs, and premature closure. Stay informed about updated FD rates to make strategic investment decisions.
Disclaimer: All information is subject to change. Users are encouraged to verify details on the official IDFC First Bank website.
Author
Pluto Team
Share with your friends
Help you friends in learning more about personal finance by share this blog.
Help you friends in learning
more about personal finance
by share this blog.
Help you friends in learning more about personal
finance by share this blog.
Silimar Blogs
Axis Bank Credit Card Net Banking
Axis Bank Credit Card Net Banking
August 5, 2024
PNB Fixed Deposit (FD) Interest Rates
PNB Fixed Deposit (FD) Interest Rates
August 5, 2024
Linking Aadhaar to Your Punjab National Bank Account
Linking Aadhaar to Your Punjab National Bank Account
August 5, 2024
PNB SIP Calculator
PNB SIP Calculator
August 5, 2024
How to Close a PNB Account Online & Offline?
How to Close a PNB Account Online & Offline?
August 5, 2024
TDS Refund - How to Claim TDS Refund
TDS Refund - How to Claim TDS Refund
August 5, 2024
View More
Download App
Explore More
Managing assets totalling over 1 crore+