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Open a fixed deposit in 3 easy steps with or without a savings account. Get up to 7.90 % interest p.a.*

* Up to 8.40% p.a. for senior citizens
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Calculate your Fixed Deposit Returns with Deposit Amount

Fd icon

10000 30000000

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Tenure versus Rate of Interest
3.00% 3.50%
14d
3.00% 3.50%
29d
3.00% 3.50%
45d
4.50% 5.00%
90d
4.50% 5.00%
180d
5.75% 6.25%
364d
6.50% 7.00%
1yr
7.50% 8.00%
499d
7.90% 8.40%
500d
7.50% 8.00%
548d
7.75% 8.25%
2y
7.25% 7.75%
3y
7.00% 7.50%
5y
7.00% 7.50%
10y

7 3650

Interest Rate

Maturity Value

gaurantee
Book Now!

Tax Deducted at Source (TDS) will be applicable on the interest earned as per the prevailing rate for your FD.

Overview

Introducing IDFC FIRST Bank Fixed Deposits, a fast and secure way to invest your money. With interest up to 7.90% interest per annum, it is designed to meet the needs of investors who wish to strike a balance between growth and security.

Our simplified digital process allows you to open a fixed deposit in three quick steps, with or without having a savings account with IDFC FIRST Bank. Benefit from the power of compounded growth and flexible pay-outs, tailored to your financial goals.

Read more

Features of fixed deposit investments:

  • Earn high interest on surplus funds:
    Invest in IDFC FIRST Bank Fixed Deposits and benefit from one of the best interest rates in the industry.

    View all interest rates
  • Benefit for senior citizens:
    IDFC FIRST Bank offers an additional 0.5% p.a. interest to senior citizens on their fixed deposits with no penalty on early withdrawal.

  • Choose your own pay-outs:
    Gain a control on your interest pay-outs with IDFC FIRST Bank Fixed Deposits. There are three options for this - monthly, quarterly or at maturity interest pay-outs.

  • Benefit of compounding:
    You can benefit from the option of quarterly compounding where the interest is paid at maturity, along with the principal amount of your fixed deposit.

  • Overdraft facility:
    On select fixed deposits, IDFC FIRST Bank offers an overdraft facility to borrow against the deposit amount.

Benefits of Fixed Deposit

Instant, Digital Fixed Deposit Booking

Open your fixed deposit instantly in just 3 easy steps through an end-to-end paperless journey. Simply select the amount, choose your tenure, confirm and watch your money grow like never before.

High Returns

Enjoy up to 7.90% interest p.a., with safety and stability. Senior Citizens enjoy an additional interest rate of 0.5% p.a.

Flexible Tenures and Pay-outs

Choose a tenure, from 7 days to 10 years, that fits your saving goals and opt for payouts monthly, quarterly, or at maturity.

Zero Penalty

For senior citizens, we offer zero penalty on early fixed deposit withdrawal to help increase flexibility in financial planning.

Full KYC Completion

For Digital FDs, complete your KYC from anywhere you wish to, by using our “Video KYC” services/feature, and enjoy unrestricted benefits.

Low Booking Amount

You can start investing with an amount as low as Rs.5000/- for Digital FDs and with Rs. 10,000/- for Offline FDs.

Only 3 Steps To Open Your Digital Fixed Deposit !

Provide KYC details and verify with OTP

Select your desired amount & tenure

Confirm and pay

Types of Fixed Deposits

Standard Fixed Deposits

In this, customers deposit their money for a fixed tenure usually ranging between 7 days and 10 years, with a higher interest rate than savings account.

Senior Citizens Fixed Deposits

This is for individuals above 60 years, with zero penalty on premature withdrawals. IDFC FIRST Bank offers an additional 0.5% interest p.a. over the standard fixed deposit rate.

Flexi Fixed Deposits

It is linked to customers’ savings or current account. They can choose an initial amount, set a limit in their account to enable an automatic transfer of any balance that exceeds the limit, known as ‘sweep-out facility on FD’ and open a Flexi Fixed Deposit. More

Eligibility

Resident Indians over 18 years of age

With valid PAN and Aadhaar number

Located in India

Note: The eligibility mentioned above is applicable for Digital FDs. IDFC FIRST Bank offers fixed deposits to customers regardless of whether they have a savings account with the Bank

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FAQs

What is a Digital Fixed Deposit (FD)?

Who can open Digital FD?

What are the details/documents required to open the Digital Fixed Deposit?

What is the minimum & maximum amounts and periods for which I can book the Digital FD?

What does completion of KYC mean? Why is it required and how can I get it done?

What are the restrictions in operating the Digital FD, before I complete my KYC?

What happens if I do not complete full KYC, within the stipulated time in digital Fixed deposit

Can I book a Digital FD jointly with another individual?

Can I open more than one Digital FD?

Is there an option for monthly interest pay-outs for Digital FD?

How can I add nominee in my Digital FD?

Can I foreclose my Digital FD, and are there any penalties?

If I close my Digital FD without completing the KYC, can I book another FD again, online?

Can I manage my Digital FD through the IDFC FIRST Bank mobile app?

How will I get my FD receipt once I book the Digital FD?

Are there any benefits for the senior citizens?

What is the eligibility criterion for availing this deposit for a Senior Citizen?

Will Tax be deducted from the interest earned or Principal Amount of the FD/s?

What is a Fixed Deposit?

What is the minimum deposit amount required for opening a Fixed Deposit scheme at the IDFC FIRST Bank branch?

Can a Fixed Deposit scheme be withdrawn partially and what are the applicable premature withdrawal charges?

What are the benefits of opening a Fixed Deposit account as a Senior Citizen?

What are the Tax Saver Fixed Deposit features?

What is the maximum amount/limit applicable for availing tax benefits available under Section 80C for Tax Saver Deposits?

In case of a joint deposit holding, who can claim tax exemptions under Section 80C of the Income Tax Act?

Is it mandatory to submit my PAN Card for booking an FD?

What are the implications of booking this deposit without a PAN card?

Can I add another holder in my FD once FD is booked?

Can I change the tenure of the FD?

What is the eligibility criterion for availing this deposit for a Senior Citizen?

When will the bank deduct tax on your interest earned?

What is a Sweep-In facility?

What is a Sweep-Out facility?

What is the procedure to enable Sweep-In, for deposits that are booked under the Sweep-Out option? (For savings accounts where this option is available)

Can the Sweep-In facility be availed for multiple FDs held with the bank?

In case of enablement of a Sweep-In facility due to shortfall of funds in the savings account, what is the order of deposit breakage for honouring the obligation?

Will both, principal and interest be considered for a Sweep-In facility?

Can the Bank deduct TDS on the FD accounts booked?

How can I book FDs above ₹3 Crore?

How is the interest calculated on an FD scheme?

What are the interest rates in case of pre-mature withdrawal?

What are the FD rates on overdue domestic deposits?

How to Choose the Right Fixed Deposit?

Why opt for IDFC FIRST Bank’s Fixed Deposits?

Will Tax be deducted from the interest earned or Principal Amount of the FD/s?