IDFC First Bank offers recurring deposit interest rates of 5.00%-7.00% p.a. to senior citizen depositors and 4.50%-6.50% p.a. to other depositors with minimum monthly instalment of Rs 100 and maximum monthly instalment of Rs 75,000. The RD can be opened for tenures ranging from 6 months to 10 years. The interest is compounded quarterly and paid out on maturity.
IDFC First Bank Recurring Deposit Highlights
Interest Rates | |
For 1 year | 6.50% p.a. |
For 2 years | 6.00% p.a. |
For 3 years | 6.00% p.a. |
For 4 years | 6.00% p.a. |
For 5 years | 6.00% p.a. |
Tenure | |
Minimum Tenure | 6 months |
Maximum Tenure | 10 years |
Monthly Installments | |
Minimum Monthly Instalment | Rs 100 |
Maximum Monthly Instalment | Rs 75,000 |
Rates as of 3rd October 2024