How to Invest in IDFC FD?
IDFC First Bank Fixed deposit can be opened through three different modes i.e. Via internet banking, mobile application, and offline.
1. Internet Banking
1. Sign in to the IDFC Bank Net Banking account using the credentials of the account.
2. Now from the Main Menu, click on the ‘Fixed Deposit’ option and select the type of deposit account the user desires to open.
3. The user will have to give all the required information, nominee details, maturity instructions, etc.
4. To complete the account opening process, click on ‘Submit’.
5. Once all the details are verified by the bank, the bank shall inform the user and share all details of the Fixed deposit.
2. Mobile Application
1. Users will have to download the official IDFC Bank App through PlayStore or AppStore.
2. The user will have to sign in to the application using his/her credentials.
3. Now From the Main Menu, choose the ‘Fixed Deposit’ option and select the type of deposit account the user desires to open.
4. Fill out the required information, nominee details, and maturity instructions. The user will have to give all the required information, nominee details, maturity instructions, etc.
5. To complete the account opening process, click on ‘Submit’.
6. Once all the details are verified by the bank, the bank shall inform the user and share all details of the Fixed deposit.
3. Through the Nearest Bank Branch
Apart from the above two the user can also visit the nearest IDFC First Bank branch, and ask for the FD application form. The user will have to fill out the FD form select the tenure of the FD along with the all necessary information and fulfill all the document requirements. On successfully validating the information the bank will issue the FD certificate.
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 |