Bank FD News: Now private sector IDFC Bank has revised the fixed deposit interest rates. If you have also made an FD in this bank or are planning to do so, then check how much benefit you will get now?
IDFC FIRST Bank FD Rates: Bank FD is considered a safe option. Even today investors prefer to choose FD for investment. Now private sector IDFC Bank has revised the fixed deposit interest rates. If you have also made an FD in this bank or are planning to do so, then check how much benefit you will get now?
Revised rates have been released by the bank. At present the bank is providing FD facility to the customers from 7 days to 10 years. In this you will get the benefit of interest ranging from 3 percent to 8 percent. The bank is giving the highest interest rate of 8 percent on FD of 500 days.
Senior citizens are getting more benefits
Apart from this, if we talk about senior citizens, these people are getting 50 basis points more interest. Senior citizens are getting interest ranging from 3.50 percent to 8.50 percent.
Revision in interest rates on FD less than Rs 2 crore
According to the bank’s website, IDFC First Bank has revised the fixed deposit interest rates on amounts less than Rs 2 crore. The new FD interest rates are effective from March 21, 2024.
Let us check how much interest the common citizens are getting-
- 7 to 45 days – 3 percent
- 46 to 180 days – 4.50 percent
- 181 days to less than a year – 5.75 percent
- 1 year – 6.50 percent
- 1 year 1 day to 499 days – 7.50 percent
- 500 days – 8 percent
- 501 days to 548 days – 7.50 percent
- 549 days to 2 years – 7.75 percent
- 2 years 1 day to 3 years – 7.25 percent
- 3 years 1 day to 10 years – 7 percent
Let us check how much interest senior citizens are getting-
- 7 to 45 days – 3.50 percent
- 46 to 180 days – 5 percent
- 181 days to less than a year – 6.25 percent
- 1 year – 7 percent
- 1 year 1 day to 499 days – 8 percent
- 500 days – 8.50 percent
- 501 days to 548 days – 8 percent
- 549 days to 2 years – 8.25 percent
- 2 years 1 day to 3 years – 7.75 percent
- 3 years 1 day to 10 years – 7.50 percent
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