IDFC FIRST Bank FD Interest Rates 2026
IDFC FIRST Bank offers fixed deposits from 7 days to 10 years at 3.25% – 7.25% for regular customers and up to 7.50% for senior citizens. Private-sector bank formed by the 2018 merger of IDFC Bank and Capital First.
Rate card effective 25 Jul 2026 · Checked 27 September 2026IDFC FIRST Bank fixed deposit at a glance
IDFC FIRST Bank’s best rate for regular depositors is in the 500 days – 3 years bucket. A plain 1-year FD earns 6.50% and a 5-year FD 6.75%, so the bank rewards longer commitments.
IDFC FIRST Bank FD interest rates — full rate card
Domestic term deposits below ₹3 crore, effective 25 Jul 2026. Highlighted rows are the best-paying buckets.
| Tenure | General (p.a.) | Senior citizen (p.a.) | ₹1 lakh earns in 1 yr* |
|---|---|---|---|
| 7 – 29 days | 3.25% | 3.50% | ₹3,250 (simple) |
| 30 – 45 days | 3.50% | 3.75% | ₹3,500 (simple) |
| 46 – 90 days | 4.50% | 4.75% | ₹4,500 (simple) |
| 91 – 180 days | 5.00% | 5.25% | ₹5,000 (simple) |
| 181 days – <1 year | 6.50% | 6.75% | ₹6,660 |
| 1 year – 370 days | 6.50% | 6.75% | ₹6,660 |
| 371 – 499 days | 7.00% | 7.25% | ₹7,186 |
| 500 days – 3 years | 7.25% | 7.50% | ₹7,450 |
| 3 years 1 day – 5 years | 6.75% | 7.00% | ₹6,923 |
| 5 – 10 years | 6.00% | 6.25% | ₹6,136 |
* Interest for a full year at that rate with quarterly compounding (simple interest shown for buckets below 6 months). Source: www.policybazaar.com, compiled 27 September 2026. Always confirm on the bank’s website — rates can change without notice.
Special FD schemes
| Scheme | Tenure | General | Senior |
|---|---|---|---|
| Green Deposit | 375 days | 7.00% | 7.25% |
How much will your money grow?
| Tenure | Rate (general / senior) | ₹1 lakh becomes | ₹5 lakh becomes | ₹5 lakh (senior) |
|---|---|---|---|---|
| 1 year | 6.50% / 6.75% | ₹1,06,660 | ₹5,33,301 | ₹5,34,614 |
| 2 years | 7.25% / 7.50% | ₹1,15,454 | ₹5,77,270 | ₹5,80,111 |
| 3 years | 7.25% / 7.50% | ₹1,24,055 | ₹6,20,273 | ₹6,24,858 |
| 5 years | 6.75% / 7.00% | ₹1,39,750 | ₹6,98,749 | ₹7,07,389 |
Cumulative FD, quarterly compounding, before tax. “—” means the published card has no slab for that exact tenure.
IDFC FIRST Bank FD calculator
Pre-filled with IDFC FIRST Bank’s best rate and tenure. Change the amount, rate or tenure, or pick another bank to compare.
IDFC FIRST Bank FD rates for senior citizens
Resident Indians aged 60 or more get 0.25% extra at the best tenure (500 days – 3 years). Senior citizens also enjoy a ₹1 lakh TDS threshold and a deduction of up to ₹50,000 on deposit interest under Sec 80TTB (old regime).
| Tenure | Senior rate | Monthly income on ₹10 lakh | Quarterly income on ₹10 lakh |
|---|---|---|---|
| 1 year | 6.75% | ₹5,593 | ₹16,875 |
| 2 years | 7.50% | ₹6,211 | ₹18,750 |
| 3 years | 7.50% | ₹6,211 | ₹18,750 |
| 5 years | 7.00% | ₹5,799 | ₹17,500 |
Compare with SCSS (8.2%) and senior FD rates at other banks →
Rules, charges & services
| Feature | IDFC FIRST Bank FD |
|---|---|
| Minimum deposit | ₹10,000 (₹5,000 digital) |
| Premature withdrawal | 1% (nil for senior citizens below ₹3 crore) |
| Payout options | Cumulative (quarterly compounding, paid at maturity) or monthly / quarterly interest payout |
| Loan / overdraft against FD | Usually up to 90% of the deposit at FD rate + 1% to 2% (not on tax-saver FD) |
| Nomination | Up to 4 nominees — simultaneous or successive (from 1 Nov 2025) |
| On maturity | Auto-renew for the same tenure at the prevailing rate, or credit to savings; unclaimed matured deposits earn the lower of savings rate and contracted rate |
| Deposit insurance | DICGC up to ₹5 lakh per depositor across all IDFC FIRST Bank branches |
Tax on IDFC FIRST Bank FD interest
| Point | Rule |
|---|---|
| Taxability | Added to income, taxed at slab rate (“income from other sources”) |
| TDS | 10% once interest from IDFC FIRST Bank exceeds ₹50,000 in a year (₹1 lakh for 60+); 20% without PAN |
| Avoid TDS | Submit Form 121 (earlier 15G/15H) if your tax liability is nil |
| Tax-saver FD | 5-year lock-in; up to ₹1.5 lakh deductible (80C / Sec 123, old regime) |
| Cumulative FD | Interest accrues and is taxable every year, not only at maturity |
How to open a IDFC FIRST Bank FD
- Online (existing customers)Log in to IDFC FIRST Bank net banking or the mobile app → Deposits → Open Fixed Deposit. Choose amount, tenure, payout and nominee, then confirm with OTP.
- New customersOpen a savings account with video KYC or at a branch, then book the FD. Some banks allow an FD without a savings account at the branch.
- At a branchFill the term-deposit form, attach KYC and pay by cheque/transfer. You get an FD advice/receipt.
- Maturity instructionChoose auto-renewal or credit to account; update it any time before maturity.
Documents
- PAN (or Form 60) — mandatory to avoid 20% TDS
- Aadhaar or other officially valid document for address
- Recent photograph (branch); senior citizens: age proof for the higher rate
IDFC FIRST Bank vs other private sector banks
| Bank | Highest | 1 year | 3 years | 5 years | Senior (highest) |
|---|---|---|---|---|---|
| Bandhan Bank | 7.45% | 7.00% | 7.25% | 5.85% | 7.95% |
| IDFC FIRST Bank | 7.25% | 6.50% | 7.25% | 6.75% | 7.50% |
| YES Bank | 7.25% | 6.65% | 7.00% | 7.00% | 7.75% |
| RBL Bank | 7.20% | 7.00% | 7.20% | 7.00% | 7.70% |
| Tamilnad Mercantile Bank | 7.10% | 6.80% | 6.60% | 6.60% | 7.50% |
| IndusInd Bank | 7.00% | 6.75% | 6.65% | 6.65% | 7.50% |
| Kotak Mahindra Bank | 6.80% | 6.35% | 6.40% | 6.25% | 7.30% |
| South Indian Bank | 6.80% | 6.25% | 6.20% | 5.70% | 7.30% |
| Federal Bank | 6.75% | 6.25% | 6.75% | 6.40% | 7.25% |
| Karnataka Bank | 6.65% | 6.50% | 6.15% | 6.15% | 7.05% |
| HDFC Bank | 6.50% | 6.25% | 6.50% | 6.40% | 7.00% |
| ICICI Bank | 6.50% | 6.25% | 6.45% | 6.50% | 7.10% |
| Axis Bank | 6.50% | 6.25% | 6.50% | 6.50% | 7.25% |
| IDBI Bank | 6.50% | 6.20% | 6.35% | 6.25% | 7.00% |
Frequently asked questions
What is the highest FD interest rate at IDFC FIRST Bank?
IDFC FIRST Bank pays up to 7.25% p.a. to regular depositors (500 days – 3 years) and up to 7.50% to senior citizens (500 days – 3 years), as per its rate card effective 25 Jul 2026.
What is IDFC FIRST Bank’s 1-year FD rate?
For exactly one year the rate is 6.50% for general customers and 6.75% for senior citizens. ₹1 lakh grows to about ₹1,06,660.
How much will ₹1 lakh earn in a 5-year IDFC FIRST Bank FD?
At 6.75% compounded quarterly, ₹1 lakh becomes about ₹1,39,750 in 5 years (senior: ₹1,41,478 at 7.00%), before tax.
What is the minimum amount for an FD at IDFC FIRST Bank?
The minimum deposit is ₹10,000 (₹5,000 digital). Deposits of ₹3 crore and above are treated as bulk deposits with different rates.
What is the penalty for breaking an FD early?
IDFC FIRST Bank’s premature withdrawal penalty: 1% (nil for senior citizens below ₹3 crore). Interest is paid at the rate applicable for the period the deposit actually ran, minus the penalty. Tax-saver FDs cannot be closed before 5 years.
Does IDFC FIRST Bank offer a tax-saver FD?
Yes — the 5-year tax-saver FD pays 6.75% (senior 7.00%). Up to ₹1.5 lakh a year is deductible under Section 80C / Section 123 in the old tax regime.
Is my FD in IDFC FIRST Bank safe?
IDFC FIRST Bank is a private sector bank regulated by the RBI. Deposits are insured by DICGC up to ₹5 lakh per depositor (principal + interest, all branches combined).
Is TDS deducted on IDFC FIRST Bank FD interest?
Yes, 10% TDS applies when your total interest from IDFC FIRST Bank crosses ₹50,000 in a financial year (₹1 lakh for senior citizens). Submit Form 121 (earlier 15G/15H) if your tax liability is nil.
Rates are compiled from IDFC FIRST Bank’s published rate card and reputable aggregators for information and comparison only. FinancePortal is not affiliated with the bank. Confirm the current rate with the bank before investing.