IDFC FIRST Bank Fixed Deposit Interest Rates 2025 - Latest IDFC FIRST FD Rates

An IDFC FIRST bank FD lets you invest a lump sum for a fixed period and earn guaranteed returns at a pre-decided interest rate. There isn't one single FD rate for everyone. The IDFC FD interest rates depend on:

1. Tenure

   Longer tenures often earn higher interest, though some mid-tenures may carry peak slabs.

2. Deposit size

   Retail deposits (below ₹3 crore) and bulk deposits (₹3 crore and above) follow different rate grids.

3. Customer category

   Senior citizens generally get preferential slabs on most domestic FDs.

4. Scheme type (regular vs tax saver vs non-callable)

   Non-callable FDs may offer slightly higher rates but restrict premature withdrawal.

IDFC FIRST fixed deposits come with features that make them useful for both short-term parking and long-term wealth stability:

• Higher interest than typical savings accounts, with guaranteed returns.
• Flexible tenure: from 7 days to 10 years (including "1 year 1 day" style slabs).
• Low minimum deposit:
  • Offline FD typically from ₹10,000
  • Digital FD from ₹5,000
• Premature withdrawal allowed on callable FDs (penalty applies).
• Loan / overdraft against FD: get liquidity up to ~90% of your FD without breaking it.
• Nomination facility for smooth transfer to nominee.
• Auto-renewal on maturity if you opt in.

These benefits make FDs a strong choice for conservative investors who want predictable returns.

IDFC FIRST offers multiple FD schemes to suit different financial goals.

1. Regular Fixed Deposit

The standard FD option where you can choose:

• Cumulative FD (interest reinvested, paid at maturity)
• Non-cumulative FD (periodic interest payout)

Regular FD rates go up to 7.00% p.a. for general citizens in 2025.

2. Senior Citizen Fixed Deposit

Resident seniors (60+) earn higher slabs:

• Typically ~0.50% extra across most tenures
• Highest senior slab up to 7.50% p.a.

This is why searches like “IDFC FIRST bank FD rates for senior citizens” are trending.

3. Tax Saver Fixed Deposit

If you want to combine stable returns with tax benefits, IDFC FIRST has a tax saver FD:

• Lock-in: 5 years
• Eligible for deduction under Section 80C (up to ₹1.5 lakh per financial year)
• Rate (2025): around 7.00% p.a.

Note: Tax saver FDs typically do not allow premature withdrawal during lock-in.

4. NRE / NRO Fixed Deposits (for NRIs)

NRIs can open:

• NRE FD: repatriable, interest generally tax-free in India (as per rules)
• NRO FD: for income earned in India; interest taxable in India

Rates for NRE/NRO slabs are aligned to domestic retail slabs but governed by RBI NRI rules. Senior citizen uplift generally does not apply to NRE/NRO FDs.

IDFC FIRST gives you flexibility in how you receive interest.

Cumulative FD (Best for Wealth Growth)

• Interest compounds over tenure
• Higher effective return due to compounding
• Maturity includes principal + interest

Non-Cumulative FD (Best for Regular Income)

Interest paid out at your chosen frequency:

• Monthly
• Quarterly
• Half-yearly
• Yearly

This is ideal for retirees and investors seeking predictable cash flow.

IDFC FIRST Bank is a scheduled commercial bank. Like all eligible bank deposits in India, FDs here are covered by DICGC insurance:

• Coverage: up to ₹5 lakh per depositor per bank (including savings + FD combined).

For amounts above ₹5 lakh, some investors diversify across banks to remain within insured limits.

For Indian Residents

To open an FD at IDFC FIRST, you typically need:

• PAN card (mandatory for most deposits)
• Aadhaar / Passport / Voter ID / Driving License (identity proof)
• Address proof if not covered by Aadhaar
• Recent passport-size photograph (branch route)

For NRIs (NRE/NRO FDs)

NRIs usually need:

• Valid passport and visa / residence permit
• Overseas address proof
• Proof of NRI status (employment/student/resident documents)
• PAN (recommended for smooth taxation + compliance)

Exact requirements can vary slightly by branch, but these are standard across Indian banks.

FD interest is taxable as "Income from Other Sources."

TDS thresholds (standard rules)

• Regular citizens: TDS if annual FD interest exceeds ₹40,000
• Senior citizens: threshold ₹50,000

Avoiding TDS (if eligible)

Submit:

• Form 15G (regular citizens)
• Form 15H (senior citizens)

Even with TDS, you must declare full FD interest in your ITR and can claim refunds if excess tax is deducted.

IDFC FIRST allows premature closure on most callable FDs:

• Interest is recalculated at the applicable slab for the actual tenure held
• A small penalty may apply
• Tax saver FDs don’t allow early withdrawal due to lock-in

So choose a tenure you can comfortably hold.

For customers without long credit history, IDFC FIRST also offers secured credit cards against FDs in some variants:

• Credit limit linked to FD value
• Helps build credit score
• FD continues earning interest

Availability and limits depend on current bank offers.

1. Net Banking

• Login → Deposits → Open Fixed Deposit → pick tenure & amount → confirm.

2. IDFC FIRST Mobile App

• Deposits / Fixed Deposits → enter deposit details → submit.

3. Branch Visit

• Fill FD form → submit KYC → deposit funds → collect FD receipt.

• Compare slabs, not just the highest headline rate

  Peak rates may apply only to specific tenures.

• Use the FD calculator first

  Even a 0.25% difference can change long-term maturity meaningfully.

• Match tenure to goal

  Don’t lock for 5+ years if your goal is 2 years away.

• Seniors should maximize uplifted slabs

  The extra 0.5% is especially valuable on long tenures.

In 2025, IDFC Bank fixed deposit rates remain competitive among private banks, particularly for medium-to-long tenures and resident senior citizens. If your goal is safe, predictable growth, compare the latest slabs, choose the interest payout option that fits your needs, and use an IDFC FIRST Bank FD rates calculator to lock a tenure aligned with your timeline.