Bank FD Comparison Tool
Bajaj Finance vs IDFC First Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Bajaj Finance (Private Sector) and IDFC First Bank (Private Sector).
Bajaj Finance
Private Sector
VS
IDFC First
Private Sector
Bajaj Finance: Min ₹15,000
IDFC First: Min ₹10,000
DICGC Insured up to ₹5 Lakhs
Compare Your FD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Lakhs rupees
₹15,000₹20,00,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -Bajaj Finance: % |IDFC First: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Bajaj Finance
IDFC First
Highlighted = Your selected tenure
Feature Comparison
Features | Bajaj Finance Private Sector | IDFC First Private Sector |
|---|---|---|
Minimum FD Amount | ₹15,000 | ₹10,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Bajaj Finance
Private Sector Bank
Key Advantages:
NBFC with competitive FD rates
Senior citizens get additional interest (varies by tenure: +0.25% to +0.35%)
CRISIL AAA/Stable and ICRA AAA(Stable) ratings
Digital FD booking available
Loan against FD: Up to 75% of deposit value
Flexible interest payout options (Monthly, Quarterly, Half-Yearly, Annual)
Minimum deposit: ₹15,000, Maximum: ₹3 Crore
Rates effective from 11.06.2025
IDFC First Bank
Private Sector Bank
Key Advantages:
Private sector bank with digital-first approach
Competitive FD rates up to 7.5% for senior citizens
Premium rates on select tenures (450 days - 2 years)
No penalty on premature RD closure for senior citizens
No penalty for missing RD installments
Senior citizens get +0.50% additional interest
Online account opening and FD booking
Important: Fixed Deposit Safety & Insurance Coverage
₹5 Lakh Insurance Limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.
⚠️ Recommendation:
Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.
Smart Distribution Strategy
For ₹10 lakhs: Split between Bajaj Finance (₹5L) + IDFC First (₹5L)
For ₹15 lakhs: Add a third bank to the mix
💡 Pro Tip:
You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.
Key Insights & Recommendations
Choose Bajaj Finance If:
- •Minimum amount: ₹15,000
- •Private Sector banking preference
- •NBFC with competitive FD rates
- •Senior citizens get additional interest (varies by tenure: +0.25% to +0.35%)
- •CRISIL AAA/Stable and ICRA AAA(Stable) ratings
Choose IDFC First If:
- •Minimum amount: ₹10,000
- •Private Sector banking preference
- •Private sector bank with digital-first approach
- •Competitive FD rates up to 7.5% for senior citizens
- •Premium rates on select tenures (450 days - 2 years)
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Compare rates before investing
- •Consider branch convenience
- •Review rates periodically
Explore more FD comparisons
Looking for a different bank matchup? Use these quick links to jump to other FD comparisons.
Compare Bajaj Finance with other banks
Compare IDFC First with other banks
Ready to Invest in Fixed Deposits?
Use our individual bank calculators for detailed planning