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Fincash » FD Interest Rates » IDFC FD Rates

IDFC Bank FD Rates 2024

Updated on July 15, 2024 , 13241 views

IDFC Fixed Deposit (FD) scheme makes your money work for you. IDFC Banks Fixed deposits interest rates are amongst one of the highest in the Market, have no penalty on early withdrawals and a complimentary Savings Account.

IDFC-Bank

Fixed Deposit of FD refers to an investment avenue which is generally offered by banks and Post Office. In case of FD, people need to deposit a considerable amount as a one-time payment for a fixed time frame. Here, people get back their investment amount at the end of the tenure. However, people cannot break the FD during the tenure and if they try to break they need to pay some charges to the Bank. The FD Income earns interest on the investment. This interest income earned is taxable in the hands of investors.

IDFC Bank FD Interest Rates 2024 - Below Rs. 2 Cr

IDFC interest rates on deposits for Domestic, NRE & NRO Deposits less than INR 2 Crores

Tenure Regular Senior Citizen
7 – 14 days 3.00% 3.50%
15 – 29 days 3.00% 3.50%
30 – 45 days 3.00% 3.50%
46 – 90 days 4.50% 5.00%
91 – 180 days 4.50% 5.00%
181 days – less than 1 year 5.75% 6.25%
1 year 6.50% 7.00%
1 year 1 day - 548 days 7.50% 8.00%
549 days - 2 years 7.75% 8.25%
2 years 1 day - 3 years 7.25% 7.75%
3 years 1 day – 5 years 7.00% 7.50%
5 years 1 day – 10 years 7.00% 7.50%

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IDFC Bank FD Interest Rates 2024 - Rs. 2 Cr to 5 Cr

Tenure FD Rates (Rs. 2 crore - 5 crore)
7 – 14 days 5.00%
15 – 35 days 5.25%
36 – 45 days 5.65%
46 – 60 days 6.15%
61 – 91 days 6.80%
92 – 180 days 7.20%
181 – 270 days 7.35%
271 – 365 days 7.40%
366 - 399 days 7.65%
400 – 499 days 7.65%
500 - 540 days 7.65%
541 - 731 days 7.65%
732 - 1095 days 7.50%
3 years 1days - 5 years 7.25%
5 Year 1 Day - 8 Years 7.25%
8 Year 1 Day - 10 Years 7.25%

IDFC Tax Saver Deposit

| tax saver deposit (Only for Domestic Deposits) | Rate of Interest (% p.a.) | -------- | -------- | —----- | | 5 years | 6.00% |

IDFC Bank FD Account Features

1. Investment Amount

The minimum amount for the IDFC FD account is INR 10,000 and there is no maximum limit for deposits.

2. Tenure

IDFC offers a flexible tenure for fixed deposit accounts from seven days to ten years

3. Withdrawals

No penalty is charged by IDFC Bank on early withdrawal of your fixed deposits

Documents Required to Open IDFC FD Account

1. Identity proof

  • Passport
  • PAN Card
  • Voter ID card
  • Driving licence
  • Government ID card
  • Photo ration card
  • Senior citizen ID card

2. Address proof

  • Passport
  • Telephone bill
  • Electricity bill
  • Bank statement with Cheque
  • Certificate/ ID card issued by Post office

Are you Looking for Alternative to Banks Savings Account in Mutual Funds?

Investors who are thinking of parking their money for the short term, you can also consider liquid Mutual Funds. Liquid Funds are an ideal alternative to FDs as they invest in low-risk debt and money market securities.

Here are some features of liquid funds you should know:

  • These funds come with no lock-in period
  • The money is invested in money market instruments like a certificate of deposits, commercial papers, treasury bills, and term deposits
  • You can exit from the scheme anytime you want. Also, the funds have no entry load and exit loads
  • The Underlying assets have low maturity period and provide you low-interest rates
  • Most times, you may also get returns higher than bank savings account

Best Liquid Funds to Invest 2024

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Indiabulls Liquid Fund Growth ₹2,363.99
↑ 0.47
₹2170.61.73.77.35.656.8
Principal Cash Management Fund Growth ₹2,158.15
↑ 0.43
₹5,6510.61.73.67.35.85.17
PGIM India Insta Cash Fund Growth ₹318.302
↑ 0.07
₹3950.61.73.67.35.85.27
JM Liquid Fund Growth ₹66.7787
↑ 0.01
₹1,9670.61.73.67.25.85.17
Axis Liquid Fund Growth ₹2,721.65
↑ 0.55
₹36,5180.61.73.77.35.95.27.1
Invesco India Liquid Fund Growth ₹3,360.41
↑ 0.69
₹11,3310.61.73.77.35.85.17
ICICI Prudential Liquid Fund Growth ₹362.066
↑ 0.07
₹46,4230.61.73.77.35.85.27
Aditya Birla Sun Life Liquid Fund Growth ₹394.03
↑ 0.08
₹44,3310.61.73.77.35.85.27.1
Nippon India Liquid Fund  Growth ₹5,969.53
↑ 1.24
₹33,6040.61.73.77.35.85.27
Tata Liquid Fund Growth ₹3,851.23
↑ 0.77
₹21,0120.61.73.67.35.85.27
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Jul 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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