IDFC Bank Recurring Deposit (RD) Interest Rates 2025

IDFC Bank offers NRE, NRO and domestic RD schemes for individuals willing to deposit funds in monthly instalments for a predetermined tenure. Through the competitive interest rates of the bank, you can earn good returns in the long run to plan your finances effectively.

Read further to learn more about the IDFC Bank RD interest rates.

IDFC Bank Recurring Deposit Scheme Highlights For 2025

Some of the major highlights of IDFC Bank RD interest rates are shown in the table below:

IDFC Bank RD Interest Rate 2025

IDFC Bank allows you to get your hands on some of the best RD interest rates in the market, which promises you handsome returns after maturity. Considering interest rates vary from year to year, the following table provides the IDFC Bank RD interest rates 2025:

Types Of IDFC Bank RD Accounts

IDFC Banks offers several types of recurring deposit schemes to help you pick the one that best matches your financial preferences. Thus, the following points feature the major types of RD schemes that are available at the IDFC Bank:

Short-term Recurring Deposit Scheme

The short-term Recurring Deposit schemes at the IDFC Banks come with a tenure that ranges from 6 months to 1 year 6 months. Under this scheme, the general public can avail IDFC RD interest rates from 4.50% per annum to 6.50% per annum. On the other hand, senior citizens can get interest rates from 5.00% per annum to 7.00% per annum as per the norms of the bank.

Medium-term Recurring Deposit Scheme

The medium-term Recurring Deposit schemes at the IDFC Banks come with a tenure that ranges from 1 year 9 months to 5 years. Under this scheme, the general public can avail of IDFC RD interest rates that can go as high as 6.50% per annum. Senior citizens can get interest rates of up to 7.00% per annum based on the applicable terms and conditions of the bank.

Long-term Recurring Deposit Scheme

The medium-term Recurring Deposit schemes at IDFC Banks have a tenure above 5 years. Under this scheme, the general public can avail of IDFC RD interest rates of a maximum of 6.00% per annum. Senior citizens can also get interest rates of up to 6.50% per annum according to the bank’s applicable norms for 2025.

NRE/NRO Recurring Deposit Scheme

The terms and conditions applicable to NREs and NROs opening their RD accounts at the IDFC Bank are the same as those for the general public. However, the only difference is that no additional interest rates are offered for older NRE/NRO individuals applying for an IDFC RD account.

How To Calculate IDFC Bank RD Interest Rate?

If you wish to generate considerable savings with minimum funds, opting for an IDFC Bank RD account is one of the ideal options to go for. However, to understand the benefits you shall receive by investing monthly instalments in the bank, you need to learn about the calculation process of the interest. Thus, the IDFC Bank Recurring Deposit interest rates are calculated quarterly and are compounded, which enables you to get good returns on your monthly investment.

Hence, according to the compound interest method, the Recurring Deposit interest rates of IDFC Bank are compounded every quarter from the date of the initial deposit. 

The following is the formula used for RD interest calculations:

A = P*(1+R/N) ^ (Nt)

Here:

• A = Maturity Amount
• P = Principal
• N = Compounding Frequency
• R = RD interest rate
• t = Tenure.

Example: Rishi opens an RD account in IDFC with a monthly deposit of Rs. 50,000 for 10 years at IDFC with an interest rate of 6.00%.

As per the formula, 

• P = Rs. 50,000
• N = 4 (Quarterly)
• R = 6.00% p.a
• t = 10 years = 120 months

A = 50,000 *(1+6.00%/4) ^ (4*120)

M = Rs. 82,21,451

Therefore, from the above calculation, it is understood that Rishi will get a return of Rs. 82,21,451 after completing the tenure of 10 years and depositing Rs. 50,000 every month for 10 years.

Thus, with the help of the IDFC RD online calculator, you can get the estimated returns based on the tenure and monthly deposit amount. It allows you to instantly get accurate results without any errors. 

Features Of IDFC Bank RD Interest Rates

Below is a brief overview of the major features of IDFC Bank RD interest rates. You can refer to these points to have an idea of what you can expect from the IDFC RD accounts:

Competitive Interest Rates

RD account holders at IDFC Bank can access higher interest rates than their regular savings accounts. This enables them to earn handsome returns from their monthly investments, leading to a higher sum within their chosen tenure.

No Penalty

IDFC Bank does not charge any for delayed or missed instalments within the tenure, which relieves the account holders from the burden of making additional payments. Nevertheless, in the case of premature withdrawal, you can attract a penalty based on the norms of the bank.

Minimum Initial Deposit

IDFC Banks allows all individuals to open their RD accounts with a minimum deposit of Rs. 100. You can continue with this amount as your regular monthly instalment. Thus, it enables a large number of people to opt for an RD account at the IDFC Bank.

Flexible Tenure

IDFC Bank offers flexible tenure selection, which ranges from 6 months to 10 years. It allows the potential RD account holders to opt for the one that suits their financial planning. 

Easy Documentation

IDFC Bank does not require additional documents from people who already have an account with them. This aids the application process, enabling you to start your monthly instalments earlier.

Eligibility For Opening IDFC Bank RD Account

Numerous people and organisations can open their RD account at the IDFC Banks. However, the bank has a few eligibility parameters to satisfy to opt for an IDFC Bank RD account. These include the following:

• The RD account applicant can be a resident of India and hold valid Indian citizenship.
• The RD account applicant can be an NRI (Non-resident of India) and have appropriate documents.
• NRO (Non-Resident Ordinary) applicants are also eligible to apply for an RD account at the IDFC Bank.

Documents Required For Opening IDFC Bank RD Account

If you already have savings or a current account at the IDFC Bank, you will need no additional documents to opt for an RD account at the IDFC Bank. Otherwise, you must consider collecting some of the major ID and address proofs to initiate the process of opening your IDFC Bank RD account. These include the following:

Address Proof

• Electricity bill
• Passport
• Telephone bill
• Bank statements with a cheque
• ID cards or certificates issued from the post office

Identity Proof

• Passport
• Government ID card
• PAN card
• Driving licence
• Ration card
• Senior citizen ID card

Age Proof

• Voter ID card
• Passport
• Birth certificate
• Discharge certificate from service (for senior citizens)
• Driving licence

Also, it is always advisable to inquire and confirm the requirement of documents by connecting with the bank itself before opting for the same.

How To Open an IDFC Bank RD Account?

You can enjoy the flexibility to open an IDFC RD account through both online and offline modes as per your convenience. Refer to the following step-by-step process to find out how you can do that:

Online Application

1. Visit the official website of IDFC Bank or download their mobile banking app on your device.
2. Log in with your credentials.
3. Navigate to the option to open a Recurring Deposit account.
4. Select the account from where your initial deposit is to be debited to your RD account.
5. Enter the information as asked, including monthly instalment amount, account number, tenure, etc.
6. Choose a plan that best suits your financial preferences through the “All Plans” section.
7. Read the terms and conditions and tick the checkbox.
8. Click on the “Submit” option to complete your RD account application process.

Once you complete the application process, you will receive a confirmation message with your registered mobile number and email ID. Your specified instalment amount will be debited accordingly.

Offline Application

1. Visit your nearest IDFC Bank with your savings or current account details.
2. Navigate to the necessary authority member and ask for an RD account application form.
3. Fill in the application form by providing all the essential details including deposit tenure, instalment amount, payment mode, nominee etc.
4. Go through the terms and conditions of the RD account at IDFC.
5. Make your first deposit through cash or using a cheque.
6. Submit the application form along with copies of the required documents to the branch manager.

Once you complete the process, the bank shall process your RD account application within a stipulated time frame.

How To Close an IDFC Bank RD Account?

In case you wish to close your existing RD account at the IDFC Bank, you can refer to the following process to do the same:

1. Visit your nearest IDFC Bank with your RD account details.
2. Navigate to the necessary authority member and ask for an RD account closure form.
3. Fill in the required details as asked and sign it. Please note that if the RD account has a joint holder, the closure accounts will need their signature and consent as well.
4. Attach the self-attested copies of the required documents with the closure form. These include KYC, PAN card, address proof, identity proof, RD account receipt, RD certificate etc.
5. Submit the form to the branch manager.

Benefits Of IDFC Bank RD Account

IDFC RD accounts are beneficial in building a robust financial foundation for all individuals and organisations. Go through the following points to learn about some of the major benefits you can get by having an RD account at the IDFC Bank:

• Recurring deposit accounts do not get affected by market vitality, ensuring the interest rate of your scheme remains the same throughout the tenure.
• Your commitment towards maintaining the IDFC RD account enables you to allocate a part of your regular income to meet your financial goals in the future. 
• Automatic deduction is one of the key benefits of the IDFC RD accounts. Your savings account is linked to your RD account, and monthly instalments are automatically deducted and deposited into your RD account.
• The recurring deposits accounts at the IDFC Banks allow you the flexibility to go for both short-term and long-term financial plans as per your convenience. 
• With IDFC Bank RD tenure ranging from 6 months to 120 months, you can select the one that perfectly aligns with your financial goals and aspirations.

IDFC Bank RD Premature Withdrawal Rules

IDFC Bank allows RD account holders to withdraw their deposits prematurely and address any financial situation whenever required. Likewise, the bank does not charge any penalty as long as the premature withdrawal is made within 30 days from the date of RD account issuance (applicable to domestic and NRO RD accounts and 365 days for NRE accounts).

However, if you opt to withdraw your RD deposit prematurely after 30 days and before 6 months from the date of account issuance, the interest rate on the deposit amount will be the fixed deposit card rate.

Having a recurring deposit account at IDFC Bank is one of the ideal options to achieve your short-term and long-term financial objectives. It promotes regular savings by depositing funds monthly and enables you to get a larger sum in the long run. However, you must remember that the IDFC Bank RD interest rates can change every year and are always set as per the predetermined tenure. Therefore, make sure to plan and inquire about the same before you opt for one.