• About Us
  • Privacy Policy
  • Contact
Mortgage Insurance Center
  • Home
  • Mortgages
  • Health Insurance
  • Home Insurance
  • Life insuranace
  • Finance Laws
    • Banking Laws
    • Assets
    • Interest Rate
    • Loans
No Result
View All Result
  • Home
  • Mortgages
  • Health Insurance
  • Home Insurance
  • Life insuranace
  • Finance Laws
    • Banking Laws
    • Assets
    • Interest Rate
    • Loans
No Result
View All Result
Mortgage Insurance Center
No Result
View All Result
Home Interest Rate

IDFC First Bank hikes interest rates on fixed deposits of 1 to 5 years

by Matthew Upton
July 1, 2022
in Interest Rate
0
IDFC First Bank hikes interest rates on fixed deposits of 1 to 5 years
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

[ad_1]

For fixed deposits below ₹2 crore, the private sector lender IDFC First Bank has increased interest rates. The modification took effect today, July 1, 2022, and the bank increased interest rates on fixed deposits with terms ranging from one to five years as a result. Fixed deposits maturing in 7 days to 10 years will now earn an interest rate ranging from 3.50 per cent to 6.00 per cent, while fixed deposits maturing in 3 years, 1 day, or less than 5 years will now earn an interest rate of 6.50% which would be the highest.

IDFC First Bank FD Rates 2022

The bank will continue to provide an interest rate of 3.50 per cent on fixed deposits with maturities between 7 and 29 days and a rate of 4 per cent on term deposits with maturities between 30 and 90 days. On term deposits maturing in 91 to 180 days, IDFC First Bank will continue to give an interest rate of 4.50 per cent, and on term deposits maturing in 181 days to a year, the bank will continue to offer a 5.75 per cent interest rate. On fixed deposits maturing in 1 year 1 day – 3 years the bank will now offer an interest rate of 6.25% which was 6.00% earlier, a hike of 25 bps. Fixed deposits with maturities of 3 years 1 day to less than 5 years will now have interest rates of 6.50 per cent instead of 6.25 per cent, a 25 basis point increase. On fixed deposits that mature in 5–10 years, IDFC First Bank has maintained its interest rate constant at 6 per cent. The bank will now provide a 6.50 per cent interest rate on Tax Saver Deposits, up from a 6.25 per cent interest rate (a 25 basis point increase).

IDFC First Bank FD Rates 

View Full Image

IDFC First Bank FD Rates  (idfcfirstbank.com)

For the benefit of senior citizens, IDFC First Bank has mentioned on its website that “The incentive for Senior Citizens will be at an additional spread of 0.50% over the above rate and will not be available for NRE or NRO Fixed Deposits.” This means that senior citizens will get an interest rate ranging from 4% to 6.50% on deposits of 7 days to 10 years and on deposits maturing in 3 years 1 day – less than 5 years, senior citizens will get a maximum interest rate of 7% as of now.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

First article

[ad_2]

Source link

Previous Post

How to avoid costly medical bills and get out of medical debt : Shots

Next Post

As mortgage rates rise, here’s exactly how more homebuyers are snagging mortgage rates around 4%

Next Post
As mortgage rates rise, here’s exactly how more homebuyers are snagging mortgage rates around 4%

As mortgage rates rise, here's exactly how more homebuyers are snagging mortgage rates around 4%

Popular Posts

Ajanta Pharma : Newspaper Advertisements
Life insuranace

Taiming Assurance Broker : Announcement on behalf of the major subsidiary Link-Aim Life Insurance Broker Co.,LTD. to distribute dividends.

by Matthew Upton
July 28, 2022
0

Close Provided by: TAIMING ASSURANCE BROKER CO.,LTD. SEQ_NO 4 Date of...

Read more

Taiming Assurance Broker : Announcement on behalf of the major subsidiary Link-Aim Life Insurance Broker Co.,LTD. to distribute dividends.

20% interest rate on credit cards! Here’s how to avoid paying those high rates :: WRAL.com

Sens. Murphy, Blumenthal, Colleagues Reintroduce the Behavioral Health Coverage Transparency Act – InsuranceNewsNet

$1 billion in loans still available for agricultural funding in Ohio

How Long Do Car Accidents Stay on Your Record?

Rocket Mortgage Classic Wagers: Pick To Finish Top-10

Load More

Popular Posts

Ajanta Pharma : Newspaper Advertisements

Taiming Assurance Broker : Announcement on behalf of the major subsidiary Link-Aim Life Insurance Broker Co.,LTD. to distribute dividends.

by Matthew Upton
July 28, 2022
0

Hingham DPW Workers Deserve Respect, Decent Wages and Affordable Health Insurance

Hingham DPW Workers Deserve Respect, Decent Wages and Affordable Health Insurance

by Matthew Upton
July 5, 2022
0

Propy introduces blockchain title and escrow service

Propy introduces blockchain title and escrow service

by Matthew Upton
May 26, 2022
0

Ajanta Pharma : Newspaper Advertisements

Taiming Assurance Broker : Announcement on behalf of the major subsidiary Link-Aim Life Insurance Broker Co.,LTD. to distribute dividends.

July 28, 2022

20% interest rate on credit cards! Here’s how to avoid paying those high rates :: WRAL.com

July 28, 2022
Edelweiss General Insurance launches India’s first on-demand, mobile telematics-based comprehensive motor insurance – SWITCH

Sens. Murphy, Blumenthal, Colleagues Reintroduce the Behavioral Health Coverage Transparency Act – InsuranceNewsNet

July 28, 2022

Categories

  • Assets
  • Banking Laws
  • Finance Laws
  • Health Insurance
  • Home Insurance
  • Interest Rate
  • Life insuranace
  • Loans
  • Mortgages

Tags

home loans mortgage personal loan
  • Privacy Policy
  • contact us

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • About Us
  • contact us
  • Home
  • Home 2
  • Home 3
  • Privacy Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.