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IDFC Bank FD Rates

Updated on November 17, 2019 , 1169 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.

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

IDFC Bank FD Interest Rates

Here's the interest rates for Domestic, NRE & NRO Deposits for amount less than INR 1 crore

w.e.f July 3, 2018

Period Rate of Interest (%p.a.)
7 - 14 days 4.00%
15 - 29 days 5.00%
30 - 45 days 6.25%
46 - 60 days 6.50%
61 - 90 days 6.50%
91 - 180 days 6.75%
181 - 270 days 7.00%
271 - 365 days 7.00%
366 days 7.50%
367 - 400 days 7.50%
401 - 540 days 7.50%
541 - 730 days 7.50%
731 days 8.00%
732 - 1095 days 8.00%
3 years 1 Day - 5 years 8.25%
5 Year 1 Day - 8 Years 8.25%
8 Year 1 Day - 10 Years 8.25%

Tax Saver FD Rates

The interest rates of IDFC tax saver FD account for amount less than INR 1 Cr are:

(Only for Domestic Deposits) w.e.f July 3, 2018

Tax Saver Deposit Rate of Interest (%p.a.)
5 Years 8.25%

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

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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 2019

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)
DHFL Pramerica Insta Cash Fund Growth ₹252.117
↑ 0.04
₹4680.41.43.2777.57.4
JM Liquid Fund Growth ₹53.0196
↑ 0.01
₹1,1090.41.43.16.977.57.4
Indiabulls Liquid Fund Growth ₹1,888.21
↑ 0.27
₹5450.41.43.16.86.97.57.3
Principal Cash Management Fund Growth ₹1,718.13
↑ 0.23
₹1970.41.42.96.43.75.5-1.8
Reliance Liquid Fund  Growth ₹4,729.22
↑ 0.75
₹28,8620.41.43.2777.47.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 19

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