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IDFC First Bank Fixed Deposit Calculator

Calculate your FD returns with latest IDFC First rates

Highest FD Rate

7.5% p.a.

Best available rate by IDFC First across tenures

Rates Last Updated

Nov 2025

Rates updated regularly for accuracy

Official IDFC First Rates
Highest Rate: 7.5% for Senior Citizens
Best Rate: 7% for General Citizens
Min Investment: ₹10K only
Senior Citizen Benefit: Additional 0.5% on all tenures
Premature Penalty: Only 1%
TDS Limit: Interest up to ₹40,000 tax-free
Flexible Tenure: 7 days to 10 years
Auto-Renewal Available
Loan Against FD: Up to 90%
Online FD Booking Available
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
Highest Rate: 7.5% for Senior Citizens
Best Rate: 7% for General Citizens
Min Investment: ₹10K only
Senior Citizen Benefit: Additional 0.5% on all tenures
Premature Penalty: Only 1%
TDS Limit: Interest up to ₹40,000 tax-free
Flexible Tenure: 7 days to 10 years
Auto-Renewal Available
Loan Against FD: Up to 90%
Online FD Booking Available
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
₹
₹1,000₹20,00,000

Minimum amount varies by bank (typically ₹1,000)

years
1 year10 years
FD Maturity Summary

Best Fixed Deposit Rates Comparison 2025

Compare FD interest rates across top banks - General rates for 5 years

1
IDFC First Bank FD rates

IDFC First

5 years FD

7.00%

p.a.

Maturity

₹1.41L

Interest

₹41.5K

2
IndusInd Bank FD rates

IndusInd

5 years FD

6.65%

p.a.

Maturity

₹1.39L

Interest

₹39.1K

3
ICICI Bank FD rates

ICICI

5 years FD

6.60%

p.a.

Maturity

₹1.39L

Interest

₹38.7K

4
Axis Bank FD rates

Axis

5 years FD

6.60%

p.a.

Maturity

₹1.39L

Interest

₹38.7K

5
Union Bank of India FD rates

Union Bank

5 years FD

6.50%

p.a.

Maturity

₹1.38L

Interest

₹38.0K

6
Bank of Maharashtra FD rates

Bank of Maharashtra

5 years FD

6.50%

p.a.

Maturity

₹1.38L

Interest

₹38.0K

7
HDFC Bank FD rates

HDFC

5 years FD

6.40%

p.a.

Maturity

₹1.37L

Interest

₹37.4K

8
Kotak Mahindra Bank FD rates

Kotak

5 years FD

6.40%

p.a.

Maturity

₹1.37L

Interest

₹37.4K

9
Bank of Baroda FD rates

BOB

5 years FD

6.40%

p.a.

Maturity

₹1.37L

Interest

₹37.4K

10
Bank of India FD rates

BOI

5 years FD

6.40%

p.a.

Maturity

₹1.37L

Interest

₹37.4K

11
State Bank of India FD rates

SBI

5 years FD

6.30%

p.a.

Maturity

₹1.37L

Interest

₹36.7K

12
Punjab National Bank FD rates

PNB

5 years FD

6.25%

p.a.

Maturity

₹1.36L

Interest

₹36.4K

13
Indian Overseas Bank FD rates

IOB

5 years FD

6.25%

p.a.

Maturity

₹1.36L

Interest

₹36.4K

14
Canara Bank FD rates

Canara Bank

5 years FD

6.25%

p.a.

Maturity

₹1.36L

Interest

₹36.4K

15
Indian Bank FD rates

Indian Bank

5 years FD

6.00%

p.a.

Maturity

₹1.35L

Interest

₹34.7K

Highest Rate

7.00%

IDFC First

Max Interest

₹41.5K

Best Return

Rate Spread

1.00%

Difference

Banks Available

15

Compared

IDFC First Fixed Deposit Calculator Results

Compare different investment amounts and tenures

IDFC First Fixed Deposit Interest Rates

Latest interest rates for different tenures

Current FD Rates
TenureGeneral RateSenior Citizen Rate
7 - 14 days
3%
3.5%
15 - 29 days
3%
3.5%
30 - 45 days
3%
3.5%
46 - 90 days
4%
4.5%
91 - 180 days
4.5%
5%
181 days – less than 1 year
5.5%
6%
1 year
6.3%
6.8%
1 year 1 day– 370 days
6.3%
6.8%
371 days to 449 days
6.5%
7%
450 days to 2 years
7%
7.5%
2 years 1 day – 5 years
7%
7.5%
5 years 1 day – 10 years
6%
6.5%

Important Notes

  • Min deposit: ₹10,000
  • Penalty: 1% on premature closure
  • TDS applicable if annual interest exceeds ₹40,000
  • Auto-renewal facility available

Key Benefits

  • Guaranteed returns with low risk
  • Better rates than savings accounts
  • Loan against FD facility
  • DICGC insurance up to ₹5,00,000

Tax & TDS on IDFC First Fixed Deposits

Understanding tax implications and deductions on your FD investments

Tax Deductions Available

Section 80C

Tax-saving FDs (5-year lock-in) qualify for deduction up to ₹1.5 lakh under Section 80C

Senior Citizens

Higher TDS exemption limit of ₹50,000 for citizens above 60 years

• Regular FDs don't qualify for Section 80C deduction

• Interest income is fully taxable as per income tax slab

• Form 15G/15H can be submitted to avoid TDS

TDS (Tax Deducted at Source)

TDS Rate

10%

Exemption Limit

₹40,000

TDS Calculation

TDS is deducted at 10% if total interest from all FDs with IDFC First exceeds ₹40,000 in a financial year

TDS is deducted at source by the bank

Form 26AS shows TDS deducted

Can be claimed as advance tax while filing ITR

No PAN: higher 20% TDS applies

Quick Tax Impact Calculator

₹5 Lakh FD

At 7% for 3 years

₹35,000

Annual Interest

TDS: ₹0

₹10 Lakh FD

At 7% for 3 years

₹70,000

Annual Interest

TDS: ₹3,000

₹25 Lakh FD

At 7% for 3 years

₹175,000

Annual Interest

TDS: ₹13,500

IDFC First Fixed Deposit FAQs

Everything you need to know about IDFC First Fixed Deposits, interest rates, and FD investment planning

What is the minimum amount required for IDFC First FD?

The minimum amount required to open a IDFC First Bank Fixed Deposit is ₹10,000.

What is the current highest FD rate offered by IDFC First?

IDFC First Bank currently offers up to 7.5% for senior citizens and 7% for general citizens on Fixed Deposits.

Is the interest earned on IDFC First FD taxable?

Yes, interest earned on IDFC First Bank FD is taxable as per your income tax slab. TDS applicable if interest exceeds ₹40,000 per annum (₹50,000 for senior citizens)

Can I get a loan against my IDFC First FD?

Yes, IDFC First Bank offers loans against FD up to 90-95% of the FD value at competitive interest rates.

Compare FD Rates Across Banks

Calculate Fixed Deposit returns with different banks and find the best rates

Compare All Banks

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