Features and Benefits
1. Simple Investment with Liquidity and Flexibility: IDFC Bank Fixed Deposit is a secure investment option available for investors, which provides guaranteed returns on investment. Fixed deposit returns are unaffected by any external circumstances and the investor will get the sure shot returns on FD.
2. Flexible Tenure: IDFC First Bank provides a wide range of tenure options, customer can choose from a variety of terms ranging from 7 days to 10 years with IDFC First Bank Fixed Deposit. This allows flexibility to customers as they can choose the tenure as per their investment horizon.
3. Premature/partial Withdrawal: IDFC First Bank Fixed Deposits are a very liquid investment option for customers. The bank gives option to the customer to customers to make withdrawals in times of emergency. Customers can close their deposits partially or fully before the date of maturity and have funds easily disbursed to the customer’s account for emergency use.
4. Additional Interest: IDFC First Bank offers an extra 0.50% interest rate to Senior citizens on top of the regular Fixed Deposit interest rate. This allows senior citizens to invest their savings at higher returns and manage their retirement funds more efficiently.
5. Overdraft Against FD: IDFC First Bank also offers Overdraft against Fixed Deposit. This gives customers an advantage to get instant funds without breaking the terms of Fixed Deposit.
6. Automatic Renewal Facility: IDFC First Bank allows customers to open an FD that will automatically renew. This ensures that your FD is automatically renewed for the same term on the maturity date, which results in no loss of interest and manages the customer’s fund better.
IDFC FD Interest Rates 2024
IDFC First Bank is one of the emerging financial institutions in India, it is headquartered in Mumbai. The banking institution received its Universal Banking Licence from the Reserve Bank of India in the year 2015 and is popular for its corporate and commercial banking services. IDFC First Bank was formed by the merger of Infrastructure Development Finance Company and Capital First, which was an Indian non-bank financial institution. IDFC First bank is the first universal bank to offer monthly interest credit on savings accounts, along with lifetime free credit cards.
Table of Content
- IDFC First Bank FD Interest Rates on Domestic Deposits (less than ₹2 crore)
- IDFC First Bank FD Interest Rates on Domestic Deposits (₹2-₹5 crore)
- Features and Benefits
- Types of IDFC First Bank FD Schemes
- How to Invest in IDFC FD?
- Eligibility to Open an IDFC First Bank FD Account
- Documents Required to Open IDFC First Bank FD
- Tax on IDFC First Bank Fixed Deposit
- Loan Against IDFC First Bank FD
- Premature Closure of IDFC First Fixed Deposit (Fees and Penalty)
- Frequently Asked Questions (FAQs)
A fixed deposit is a type of term deposit which is made by the investor for a fixed period, at the ongoing FD interest rates and it helps to generate interest income. FD investment scheme is considered to be one of the safest modes of investment for investors who have low-risk appetite. IDFC first bank has a wide range of market offerings for customers, there customer-centric schemes have attracted investors with different backgrounds to invest with them.
Ownership |
Private Ownership |
---|---|
Headquarters |
Mumbai |
Founded in |
2015 |
CEO |
V. Vaidyanathan |
Customer Support Number |
1800 10 888 |