IDFC First Bank hikes interest rates for these fixed deposits, check details
The private sector lender IDFC First Bank raised interest rates for fixed deposits under Rs. 2 crore.
The private sector lender IDFC First Bank has raised interest rates for fixed deposits under Rs. 2 crores. The higher interest rates are already into effect, according to the bank's official website. With the most recent adjustment, IDFC First Bank will now pay interest at a rate of 6.90% for fixed deposits maturing in 750 days and 6.50% for those maturing in 2 years, 1 day. Prior to this, the bank offered a 6.50% interest rate on fixed deposits with maturities ranging from 2 years, 1 day to 3 years. Rates for FDs at IDFC First Bank The bank will continue to offer an interest rate of 3.50% on fixed deposits maturing in 7 days to 29 days and an interest rate of 4.00% on fixed deposits maturing in 30 days to 90 days. On fixed deposits maturing in 91 to 180 days, IDFC First Bank will continue to offer an interest rate of 4.50%, and on deposits maturing in 181 days or more, the interest rate will remain at 5.75%. Fixed deposits with maturities between 1 year and 499 days will continue to pay 6.25% interest, and term deposits with maturities between 500 days and 2 years will continue to pay 6.50% interest.