Up to 7% interest rate on savings account: Latest IDFC FIRST Bank FD, savings account rates
Following the change, the bank currently offers interest rates ranging from 3.50% to 7.50% on deposits maturing in 7 days to 10 years. The maximum interest rate on deposits maturing in 1 year 1 day – 2 years is now 7.50% for non-senior residents and 8% for senior citizens.
Also read: FD interest rate up to 8.25%: These 6 banks have revised fixed deposit interest rates in October 2023
Savings account interest rate
IDFC FIRST Bank offers a savings account interest rate between 3% to 7% on different balances. Savings account interest will be calculated on a progressive basis, according to the table in the rate slabs mentioned below.
1. In case your account balance with us is Rs. 25,000, the interest payable to you will be 3% on the entire Rs. 25,000. 2. In case your account balance with us is Rs. 4 lacs, the interest payable to you will be 3% on Rs. 1 lac, 4% on Rs. 3 lacs. 3. In case your account balance with us is Rs. 50 lacs, the interest payable to you will be 3% on 1 lakh, 4% on Rs. 4 lacs and 7% on Rs. 45 lacs. 4. In case your account balance with us is Rs. 4.3 crores, the interest payable to you will be 3% on 1 lakh, 4% on Rs. 4 lacs and 7% on Rs. 4.25 crores.
IDFC FIRST Bank FD interest rates
The bank currently offers interest rates ranging from 3.50% to 7.50% on deposits maturing in 7 days to 10 years for general citizens. The maximum interest rate on deposits maturing in 1 year 1 day – 2 years is now 7.50% for non-senior residents and 8% for senior citizens.
