IDFC FIRST Bank revises savings account interest rates; these accountholders to earn 7%
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- January 03, 2024
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IDFC FIRST Bank has revised savings account interest rates. The new rates came into effect on January 1, 2024, according to the bank's official website. IDFC FIRST Bank offers a savings account interest rate between 3% to 7% on different balances. Savings account interest will be calculated on a progressive basis, according to the table in the rate slabs mentioned below.
Earn up to 7.5% FD interest rate: 1. In case your account balance with us is Rs. 25,000, the interest payable to you will be 3% on the entire Rs. 25,000. 2. In case your account balance with us is Rs. 4 lacs, the interest payable to you will be 3% on Rs. 1 lac, 4% on Rs. 3 lacs. 3. In case your account balance with us is Rs.
50 lacs, the interest payable to you will be 3% on 1 lakh, 4% on Rs. 4 lacs and 7% on Rs. 45 lacs. 4. In case your account balance with us is Rs. 4.3 crores, the interest payable to you will be 3% on 1 lakh, 4% on Rs. 4 lacs and 7% on Rs. 4.25 crores. IDFC Bank offers interest rates between 3% to 7.75% for general citizens on tenure from 7 days to 10 years.
For senior citizens, the bank offers 3.50% to 8.25%. These rates are effective from November 2, 2023..
Disclaimer: This article was generated in part using artificial intelligence and may contain errors or omissions. The content is provided for informational purposes only and does not constitute professional advice. We makes no representations or warranties regarding its accuracy, completeness, or reliability. Readers are advised to verify the information independently before relying on
