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IDFC First Bank Increases Fixed Deposit Rates; Check Latest FD Rates Here

By: Business Desk

News18.com

Last Updated: May 27, 2022, 20:08 IST

IDFC First Bank. (File photo)

IDFC First Bank. (File photo)

IDFC First Bank has also revised interest rates on deposits above Rs 2 crore effective May 27

Amid rising interest rates in the country to control inflation, banks have been raising their rates also to pass on their higher fund costs to the customers. HDFC Bank, ICICI Bank, Bank of Baroda and Kotak Mahindra Bank, among other lenders, have increased their interest rates. The latest on the list is IDFC First Bank which has also revised its fixed deposit rates across various tenures.

Soon after the revision in the interest rate of fixed deposits (FDs) below Rs 2 crore, the bank has also increased rates for FDs for the tenure of 7-29 days from the earlier 2.5 per cent to 3.50 per cent, effective May 23. It has also revised interest rates on deposits above Rs 2 crore effective Friday (May 27).

Here are the revised interest rates on fixed deposits below Rs 2 crore at IDFC First Bank (Effective May 23):

7 days to 14 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent

15 days to 29 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent

30 days to 45 days: For General Public – 4.00 per cent; For Senior Citizens – 4.50 per cent

46 days to 90 days: For General Public – 4.00 per cent; For Senior Citizens – 4.50 per cent

91 days to 180 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent

181 days to less than 1 year: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent

1 year-2 years: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent

2 years 1 day-3 years: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent

3 years 1 day-5 years: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent

5 years 1 day-10 years: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
Here are the revised interest rates on fixed deposits between Rs 2 crore and Rs 5 crore at IDFC First Bank (Effective May 27):

7 days to 14 days: For General Public – 3.90 per cent; For Senior Citizens – 4.40 per cent

15 days to 35 days: For General Public – 3.90 per cent; For Senior Citizens – 4.40 per cent

36 days to 45 days: For General Public – 3.95 per cent; For Senior Citizens – 4.45 per cent

46 days to 60 days: For General Public – 4.10 per cent; For Senior Citizens – 4.60 per cent

61 days to 91 days: For General Public – 4.85 per cent; For Senior Citizens – 5.35 per cent

92 days to 180: For General Public – 5.10 per cent; For Senior Citizens – 5.60 per cent

181 days-270 years: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent

271 days-365 years: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent

366 days-399 days: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent

400 days-540 days: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent

541 days-731 days: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent

731 days-1095 days: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent

3 years 1 day-5 years: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent

5 years 1 day-8 years: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent

8 years 1 day-10 years: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent.

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first published:May 27, 2022, 11:43 IST
last updated:May 27, 2022, 20:08 IST