IDFC First Bank latest FD interest rates is effective from September 15, 2020. IDFC First Bank offers short-term FDs ranging from seven days to one year and long-term FDs ranging from one to ten. IDFC Bank FD Rates 2021 Updated on February 24, 2021, 7209 views. IDFC Fixed Deposit 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 First Bank provides short-term FDs ranging from seven days to one year and long-term FDs ranging from one to ten years. The private sector lender's FD interest rates range from 2.75 percent.
© Rakesh Patil Fixed deposit interest rates: Latest FD rates of SBI, IDFC First Bank and Post OfficeTop banks like State Bank of India (SBI), HDFC Bank, ICICI Bank and IDFC First Bank have the option of short-term and long-term deposits. Post Office also gives you the time deposits, which sees a quarterly revision of rates just like banks. Amid the coronavirus pandemic, The interest rates on these deposits were last revised on April 1. Fixed deposits (FDs) are considered to be the preferred investment choice.
Here are SBI latest FD interest rates
The tenures may vary from 7 days to 10 years for SBI FD, depending upon the need for investment, whether it is for short-term or long-term. SBI FD interest rates are effective from January 8. SBI FD interest rates vary between 2.9 percent to 5.4 percent for general customers.
Maturity Period
Interest Rates
7 days to 45 days
2.9%
46 days to 179 days
3.9%
180 days to 210 days
4.4%
211 days to less than 1 year
4.4%
1 year to less than 2 years
5%
2 years to less than 3 years
5.1%
3 years to less than 5 years
5.3%
5 years and up to 10 years
5.4%
Here are Post office latest FD interest rates
Post office term deposit schemes are effective from April 1, 2020. Post office term deposit schemes are the same as bank FDs. Post offices offer term deposits ranging from one year to five years. Investors earn a guaranteed return through the tenure of the post office term deposit like bank FDs. The interest on Post Office deposits was revised on April 1, 2020. Post office term deposit offers an interest rate of 5.5 percent for a one-year time deposit to three years. The Post Office offers an interest rate of 6.7 percent for a five-year time deposit account.
Fixed Deposit Rates Comparison
Maturity Period
Interest Rates
1 year
5.5%
2 year
5.5%
3 year
5.5%
5 year
6.7%
Here are IDFC First Bank latest FD interest rates
IDFC First Bank latest FD interest rates is effective from September 15, 2020. IDFC First Bank offers short-term FDs ranging from seven days to one year and long-term FDs ranging from one to ten years. IDFC First Bank range from 2.75 percent p.a. to 5.75 percent p.a. for deposits with a tenure of 7 days to ten years.
Maturity Period
Interest Rates
7 - 14 days
2.75%
15 - 29 days
3.00%
30 - 45 days
3.50%
46 - 90 days
4.00%
91 - 180 days
4.50%
181 days – less than 1 year
5.25%
1 year – 499 days
5.75%
500 days
6.00%
501 days – 2 years
5.75%
2 years 1 day – 5 years
Fixed Deposit Rates In India
5.75%
5 years 1 day - 10 years
5.75%
Idfc Bank Limited Fixed Deposit Interest Rate Calculator calculates the interest earned on a fixed deposit with the help of outlined components:
(1) Deposit Amount
It is an amount which an FD account holder wants to invest in the fixed deposit. It is also called principal. It is to be remembered that this amount can be deposited only once hence you have to decide the amount to be invested according to your investment objectives.
(2) Interest Rate
It is the rate of interest offered by the bank where you open the FD. It differs for different tenures. Once FD is opened for a specific tenure then the interest rate will remain the same for the whole tenure.
(3) Term of Deposit (FD Tenure)
It is the duration for which the amount is invested in an FD which may vary from 7 days to 10 years. In the calculator, you can select the tenure in days, months or year.
Idfc Bank Fixed Deposit Rates
(4) Compounding of Interest
Interest can be compounded on monthly, quarterly, half yearly or annual basis. It can be a simple interest as well. You need to enter it based on the offer by the bank.