After the revision, the interest rates on fixed deposits maturing in 7 days to 10 years will now be in the range of 3.50 percent to 6.50 percent. Senior citizens will get a special benefit and will be eligible to earn 0.50 percent more interest. Also, according to the IDFC First Bank website, there is no penalty for early withdrawal for senior citizens.
IDFC First Bank FD Interest Rate
The bank will now offer an interest rate of 6.25 per cent on fixed deposits maturing in 1 year, 1 day to 3 years. The interest rates on fixed deposits with maturities of 3 years, 1 day to less than 5 years are now 6.50 per cent. The bank will offer an interest rate of 6.5 per cent on tax saver deposits.
Recently other banks like, have also revised fixed deposit interest rates 2 crore for an amount less than Rs.