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Savings Account Interest Rates

IDFC FIRST Bank's Savings Account is our testament to putting our customers first. We offer one of the industry’s best savings account interest rates of up to 5% p.a.

This extra income is bound to open up a world of opportunities for you. Now you can take that holiday, go shopping or splurge on a lavish meal with your loved ones. As our customer, you can now truly earn more and do more.Read More

What's more, you earn this interest on progressive balances in each interest rate slab, as applicable. That means you earn every single day. We pay out this interest every month.

Hurry and make the most of this unique opportunity.Read Less

Savings Account Interest Simulator

Choose account balance

1L 2cr

Choose your existing bank interest rate

2.5 % 6 %

Simulation Results(for a period of 1 year):

* Interest you earn with IDFC FIRST Bank –

** Interest you earn with your Bank –

Additional Interest you earn with us –

* Interest calculated on progressive balances in each interest rate slab, as applicable
** Interest calculated on flat rate basis

  • Pitruprasad Dash
    Pitruprasad Dash

    “Recently I opened a new bank account with IDFC FIRST Bank. Firstly, in terms of the process to open savings account, it is truly hassle-free. Thanks for being ahead in terms of customer satisfaction and banking services, making it easy for new customers like me. I wish IDFC FIRST Bank a great future and looking forward to a long term association.”

  • Sougata Das
    Sougata Das

    “I recently opened a Savings Account with IDFC FIRST Bank, and I must tell you that I'm really happy with the features and benefits offered by the savings account. The netbanking services are quite advance which makes the process easy. Also, the IDFC FIRST Bank employees are cordial and helpful, making the overall experience a pleasant one.”

IDFC FIRST Bank's Savings Account Interest rates table 

 

IDFC FIRST Bank's Savings Account is our testament to putting our customers first.

On Balances (in ₹)

Rate of Interest (% p.a.)

<= 1Lac

4.00%

>1lac <= 10lac

4.50%

>10lac <= 2Cr

5.00%

>2Cr <=10Cr

4.00%

>10Cr <=100Cr

3.50%

>100 Cr

3.00%


(Effective from 01/05/2021)

Interest will be calculated on progressive balances in each Interest Rate Slab, as applicable

Please note that interest rates are subject to periodic change.


How is the Savings Account Interest Rates Calculated


Interest will be calculated on progressive balances in each Interest Rate Slab, as applicable

For Example:

1. In case your account balance with us is Rs. 25,000, the interest payable to you will be 4% on the entire Rs. 25,000

2. In case your account balance with us is Rs. 5 lacs, the interest payable to you will be 4% on Rs. 1 lac and 4.5% on the Rs. 4 lacs

3. In case your account balance with us is Rs. 1.10 crores, the interest payable to you will be 4% on Rs. 1 lac, 4.5% on Rs. 9 lacs, and 5% on Rs. 1 crore

4. In case your account balance with us is Rs. 5.3 crores, the interest payable to you will be 4% on Rs. 1 lac, 4.5% on Rs. 9 lacs, 5% on Rs. 1.9 crore and 4% on Rs. 3.3 crore

Please note that interest rates are subject to periodic change.