These big private sector banks increased their FD rates! Know the latest rates here


IDFC First Bank FD Rates: Since the increase in the Repo Rate of the Reserve Bank of India, many banks are continuously increasing the interest rates of their FDs. Now the name of private sector bank IDFC First Bank (IDFC First Bank FD Rate Increases) has also been included in this list. The bank has increased the interest rates on its FDs below 2 crores. The new rates of the bank have come into effect from 16 August 2022.

Bank is giving this much return to the customers-
It is worth noting that IDFC First Bank offers interest rates ranging from 3.50% to 6.00% on FDs of less than 2 crores to its general customers. Along with this, the bank offers 0.50% higher interest rate to senior citizens. The bank offers 6.50% interest rate on FDs of 7 days to 10 years. At the same time, 5 years tax saver is giving an interest of 6.50% on FD. If you are also planning for FD in the bank, then we are telling you about the latest interest rate (IDFC First Bank Latest FD Rates)-

IDFC First Bank is giving this interest on FD less than 2 crores-

  • 7 to 14 days- 3.50%
  • 15 to 29 days-3.50%
  • 30 to 45 days- 4.00%
  • 46 to 90 days-4.00%
  • 91 to 180 days- 4.50%
  • 181 days to 1 year – 5.75%
  • 1 year 1 day to 499 days – 6.25%
  • 500 days to 2 years -6.50%
  • 2 years 1 day-749 days-6.50%
  • 750 days-6.90%
  • 751 days-3 years-6.50%
  • 3 years 1 day – 5 years -6.50%
  • 5 years 1 day-10 years-6.00%

IDFC First Bank is giving this interest on FD ranging from 2 to 5 crores-

  • 7 to 14 days- 4.25%
  • 15 to 29 days-4.25%
  • 30 to 45 days- 4.65
  • 46 to 60 days -4.75%
  • 61 to 91 days – 5.15%
  • 92 to 180 days – 5.80%
  • 181 to 270 days – 5.90%
  • 271 to 365 days -6.40%
  • 366 to 399 days -6.70%
  • 400 to 540 days-6.70%
  • 541 to 731 days -6.70%
  • 732 to 1095 days – 6.85%
  • 3 to 5 years -6.50%
  • 5 to 8 years-6.50%
  • 8 to 10 years-6.50%

These banks made changes in their FD rates-
Since the decision of the Reserve Bank to increase FD rates on August 5, 2022, now the repo rate has increased by 5.40%. Due to this, most of the big banks have increased their FD rates. These include HDFC Bank, Federal Bank, State Bank of India, Punjab National Bank, Indian Overseas Bank, Kotak Mahindra Bank, Axis Bank ( The names of many banks like Axis Bank, IndusInd Bank etc. are included in this list.

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