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Recurring Deposit
Features & Benefits
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Recurring Deposit Interest Rate

IDFC FIRST Bank Recurring Deposit

A Recurring Deposit (RD) is an investment product that allows you to earn interest on periodic deposits. Here is how it works:

• You deposit money periodically in an RD
• You can redeem it at the end of the term
• At the time of maturity of an RD, you receive your investment along with the interests earned on it over the period of the scheme.
• As compared to an FD where you invest an amount in lump sum, an RD allows you to invest a fixed sum every month; thus offering more flexibility.
• The interest offered by an RD depends upon whether you are a regular customer or a Senior Citizen, and on the term of your choice
• At IDFC FIRST Bank, Senior Citizens earn 0.5% higher rate of interest on their RDs than regular customer.

Invest in RDs in minutes with IDFC FIRST Bank if you already have an account. Get started! At the time of maturity of an RD, you receive your investment along with the interests earned on it over the period of the scheme.

Features & Benefits

Earn high interest

At IDFC FIRST Bank, interest on RDs is usually higher than regular Savings Account, helping you save and earn more.

No penalty for missed investment

You do not have to pay any penalty on missing an RD installment.

Start small

You can open an RD account with IDFC FIRST Bank starting with a minimum installment of ₹100 per month.

Easy documentation

There is no need to provide documents for an RD account if you already have a Account with IDFC FIRST Bank.

Multiple tenures

You can invest in a RD with IDFC FIRST Bank in tenures of 6 months, 9 months, 12 months, 24 months and 36 months

Tenure-wise Recurring Deposit Interest Rates

IDFC FIRST Bank allows you to grab the best RD interest rate. Given below are the recurring deposit interest rates offered by IDFC FIRST Bank.

These are one of the best RD account interest rates in the industry at present:

Tenor	Effective 15-July-25
6 months	4.50%
9 months	5.50%
12 months	6.30%
24 months	6.50%
36 months	6.75%

Penalty on delayed instalment :

IDFC FIRST Bank understands that emergencies are part of life. We do not charge any penalty for missing your recurring deposite instalments.

Penalty on premature withdrawal:

You never know when you might need money. The premature withdrawal facility in RD allows you to withdraw your investments and use them to address any financial situation.

In case of premature withdrawal within 30 days for Domestic & NRO (Non Resident – Ordinary) RDs and withdrawal within 365 days in a non-leap year and 366 days in a leap year for NRE (Non-Resident External) RDs, no interest is payable.

In case of premature closure of Domestic & NRO RD after 30 days and before 6 months, interest will be paid basis interest rate applicable for fixed deposits at the time of booking. In case of premature closure of Domestic & NRO RD on or after 6 months and of NRE RD on or after 1 year, interest will be paid basis interest rate applicable at the time of booking the Recurring Deposit for the corresponding period for which deposit has remained with the bank.

Additionally, recurring deposit if prematurely closed, would be subject to ‘Premature Closure Penalty’ as prescribed by the Bank on the date of deposit.

How to open an RD Account?

Here are a few ways to open an RD account with IDFC FIRST Bank:

Download the IDFC FIRST Bank mobile application and create an RD account instantly.

Alternatively, you can open an RD account by visiting the nearest IDFC FIRST Bank branch. You will need to have a Savings account to open an RD with the Bank

FREQUENTLY ASKED QUESTIONS

What is the minimum and maximum tenure to open a bank RD?

IDFC FIRST Bank offers RD accounts for varying tenures from a minimum of 6 months to maximum of 36 months. The tenures available are 6 months, 9 months, 12 months, 24 months and 36 months.

What is the minimum monthly instalment needed to invest in bank RD?

For IDFC FIRST Bank, the minimum deposit to create an RD account is ₹100.

What if I delay paying my monthly instalment of the bank RD?

IDFC FIRST Bank does not charge any penalty if you miss or delay paying your recurring deposit instalments.

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