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..
