IDFC First Bank, private sector lender gives interest ranging from 4 per cent to 8 per cent on deposit maturing in one year to 10 years. And senior citizen gets additional benefits of 50 basis points over the rate of general customers.
Although IDFC First Bank offers good returns on FD deposits, the monthly minimum balance requirement per account is Rs 25,000. The bank serves 7.2 million customers through 203 bank branches, 129 ATMs and 454 rural business correspondent centres.
Here are the latest FD rates (below Rs 2 crore) for the general public:
7 – 14 days 4.00%
15 – 29 days 5.00%
30 – 45 days 6.25%
46 – 90 days 6.50%
91 – 180 days 6.75%
181 days – less than 1 year 7.00%
1 year 8.00%
1 year 1 day – 2 years 8.00%
2 years 1 day – 5 years 7.50%
5 year 1 day – 10 years 7.25%
IDFC First Bank tax saver deposits
5 years – 7.75%
Read EquityPandit’s Nifty Bank Outlook for the Week