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

Amid rising rates of interest within the nation to regulate inflation, banks have been elevating their charges additionally to move on their larger fund prices to the purchasers. HDFC Bank, ICICI Bank, Bank of Baroda and Kotak Mahindra Bank, amongst different lenders, have elevated their rates of interest. The newest on the listing is IDFC First Bank which has additionally revised its mounted deposit charges throughout varied tenures.

Soon after the revision within the rate of interest of mounted deposits (FDs) under Rs 2 crore, the financial institution has additionally elevated charges for FDs for the tenure of 7-29 days from the sooner 2.5 per cent to three.50 per cent, efficient May 23. It has additionally revised rates of interest on deposits above Rs 2 crore efficient Friday (May 27).

Here are the revised rates of interest on mounted deposits under 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 lower than 1 12 months: 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 rates of interest on mounted 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

Three hundred and sixty six 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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