IDFC Bank Fixed Deposit (FD) Interest Rates 2025

IDFC FIRST Bank offers a Fixed Deposit (FD) scheme that ensures safety, flexibility, and attractive returns for all investors. The interest rates range from 3.50% to 7.90% p.a., with a minimum deposit of ₹1,000 and a tenure ranging from 7 days to 10 years. Keep reading this blog to know more about IDFC FIRST Bank Fixed Deposit and its interest rates for 2025.

Highlights for 2025 Fixed Deposit Scheme of IDFC Bank

Fixed Deposit Interest Rates 2025 of IDFC Bank

The table below shows the FD interest rates effective as of 16th April, 2025.

*Interest rates are subject to change with time.

Different Types of FD Schemes by IDFC Bank

Each of these FD options caters to different financial goals and preferences, ensuring customers can maximize their savings while meeting specific needs like flexibility, sustainability, or tax efficiency.

IDFC Bank FD Special Features and Benefits

• IDFC Bank offers competitive interest rates on all FD schemes.
• The minimum deposit amount required to open an FD account is Rs.10,000.
• The minimum deposit tenure for domestic and NRO deposits is seven days.
• The minimum tenure for NRE deposits is 365 days.
• Loan facility against FD amount can be availed.
• A nomination facility is available to any family member, or spouse may be nominated to receive the final amount.
• Interest rates are calculated on a simple interest basis for a tenure of up to 180 days.
• Interest on tenure beyond 180 days is compounded every quarter.
• In case of premature closure of the Fixed Deposit (FD), interest will be paid basis the interest rate applicable at the time of booking the term/fixed deposit.
• A penalty may be applicable in the case of premature closure.

Term-wise IDFC Bank FD Rates

Basic Eligibility Criteria for IDFC Bank FD Account

The following entities are eligible for opening FD accounts with IDFC Bank:

• Individuals.
• Sole proprietorship.
• One-person company.
• Hindu Undivided Family (HUF).
• Partnership firm.
• Limited Liability Partnership (LLP).
• Private/public limited company.
• Trust, association, society government/quasi-government institutions, including a municipal corporation, defence establishment, etc.
• Joint Ventures.
• Liaison/Representative/Branch office of foreign companies.
• Embassy offices in India.

Documents Required for IDFC Bank FD Account

If you are an existing customer of the bank, no additional documentation is necessary to open an FD account. Otherwise, you may have to provide the following documents.

• Proof of Identity
  • Passport
  • PAN card
  • Voter ID
  • Driver’s license
  • Aadhaar card
• Proof of Address
  • Passport
  • Aadhaar card
  • Bank statement with a cheque
• Proof of Date of Birth
  • Service discharge certificate
  • PAN card
  • Aadhaar card
  • Voter ID

Tax Benefits on IDFC Bank Fixed Deposits

IDFC Bank offers a tax-saving fixed deposit option with a mandatory lock-in period of five years. Individuals and HUFs are eligible to get the benefit of the scheme. You can go for this fixed deposit scheme to avail tax benefits under Section 80C of the Income Tax Act,1961.

Note that the tax levied is dependent on the tax bracket you fall into irrespective of the interest rate or other factors in the case of fixed deposits. Banks deduct tax at source (TDS) if the interest earned exceeds Rs.40,000 (Rs.50,000 for senior citizens) in a financial year across all the accounts held with the bank. A TDS certificate will be issued to confirm the details of the deduction. 

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