IDFC First Bank, which offers the highest interest rates of 7% on savings bank account balances has now moved to a progressive interest rate regime. IDFC FIRST Bank is the only bank offering such a high interest rate on its savings account. IDFC First Bank, Bandhan Bank and small finance banks like Equitas and Utkarsh offer better interest rates on savings account as compared to top lenders like … Every day, from the 1st to the end of the month, we take the balance in your account at the end of the day. Ans: Yes, IDFC Bank FD rates for the senior citizens of India are comparatively higher than the FD interest rates for normal people. Savings Account is the oldest and most common form of savings. However, with the changes in other banking products, savings account has also seen a major shift from being minimum balance account to zero balance savings account. IDFC First Bank offers two variations of the standard savings account based on the type of debit card issued along with the account. 1, Harrington Road, Chetpet, Chennai - 600031, Tamil Nadu, India Corporate office: IDFC FIRST Bank Ltd Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra East, Mumbai - 400051, India We will be very happy if you want to open your account with a higher amount! India, Toll Free No - 1800 419 4332 On balance amount of up to Rs 1 lakh, IDFC First Bank provides an interest rate of up to 6 percent, on balance amount higher than Rs … The accounts with lower than Rs. This type of account is generally called Flexi Account in banking terms and this account is offered by all the banks. A Savings Account Interest Rate Calculator will let you find out the interest that you will get from a savings account. , for balances up to Rs 1 Cr. 1 Lakh. About IDFC FIRST Bank. IDFC Bank’s new savings account deposit rate compares favourably with the 3-4% on offer in major private sector banks Savings account balances above ₹1 lakh will continue to earn 7%, as before MUMBAI: From 1 January, IDFC First Bank has increased the interest rate on savings account balances up to ₹1 lakh to 7%. We offer one of the industry’s best savings account interest rates at 7% p.a. IDFC First bank is offering an interest rate of 7% per annum on the balances maintained in the saving bank accounts with the bank if the amount is exceeding the prescribed threshold by the bank, in a time where RBI Repo rate is merely 4% and reverse repo rate is 3.35% only, even the 10-year G-Sec yield is trading below than 6% or marginally above than 6% from a long period which … 25,000 is required for opening your IDFC FIRST Bank Savings Account. What's more, you earn this interest on progressive balances in each interest rate slab, as applicable. What's more, you earn this interest on progressive balances in each interest rate slab, as applicable. As our customer, you can now truly earn more and do more. Please click here to see the applicable Schedule of Charges. For that matter, traditional banks (like HDFC, ICICI etc.) KRM Tower, 7th Floor, No. <=1 lakh 6% >1 lakh <=10 crore 7 % >10 crore<= 50 crore 4.5% > 50 crore <= 100 crore 4% > 100 crore 3.50% Up to Rs. BULK DEPOSIT RATE – RATES FOR >= 2 CRORES (w.e.f. As per data compiled by BankBazaar, new private banks such as Bandhan Bank and IDFC First Bank offer interest rates of up to 7.15 per cent and 7 per cent, respectively on their savings accounts. IDFC फर्स्ट बैक में सेविंग अकाउंट के लिए कम से कम दस हजार रुपए की आवश्यकता,HDFC बैंक में सेविंग अकाउंट के लिए 2500 रुपए से दस हजार रुपए तक की आवश्यकता | Bandhan Bank IDFC … Permanent and valid driving license with photograph. Chennai - 600031, Tamil Nadu, Foreign nationals residing in India should meet criteria laid by GoI. 7% interest rate on deposits. The fall in the savings ratio in late 2012 / early 2013, may be related to the fall in bank saving rates… Kindly get in touch with BOC or our branches for further assistance. 1, 16-01-2021) FCNR RATES ABOVE 5 MILLION. IDFC First Bank savings accounts interest rate for offline accounts is 4% per annum on the daily end of day balances, paid quarterly. But that's not all. IDFC FIRST Bank's Savings Account is our testament to putting our customers first. SAVINGS ACCOUNT AND RETAIL DEPOSIT RATE. 7.00%. We have unlocked access to our new exciting banking portal for all customers who opened their accounts after December 15, 2020, For customers who joined before December 15, 2020, We will have the new portal unlocked for you too shortly. PIO or OCI residing in India may also open an account with us. Open Savings Account in IDFC Bank : IDFC Bank is one of the well known banks in India.If you do have an account in IDFC Bank and you are planning to open a new savings account in IDFC Bank, you are are the right place as we will guide you through the complete procedure.In order to proceed, you must be aware about the formalities, eligibility and steps to open a savings account in IDFC Bank. 1 Lakh. We offer one of the industry’s best savings account interest rates at 7% p.a. IDFC Bank Savings Account - Open IDFC Bank High Interest Rate Savings Account Online How to Apply & Eligibility. are not offering this much interest rates even on their fixed/recurring deposits. We offer one of the industry’s best savings account interest rates at 7% p.a. While saving money people also earn interest in a savings account. Amid falling rates, mnow any banks are offering over 7% interest rate on the savings account. Get CIBIL Score Instantly for Free and Save around INR 4,800 a Year (Only for Wishfin Customers) Instant Personal Loan Quotes from 17 Banks and Get the Best Deal. IDFC First Bank, Bandhan Bank and small finance banks like Equitas and Utkarsh are offering 7 percent interest rates on savings accounts. The specialty of these accounts is that they are ”Savings + Fixed Deposit” Accounts. , for balances up to Rs 1 Cr. The section below focuses only on banks and saving account types that can give more than 2% in interests per annum, and the interest rates are only up to RM50,000 or RM100,000 in savings at most. IDFC First Bank Savings Account. Interest Rates. Rate of Interest (% p.a.) Did you join the IDFC FIRST family after December 15, 2020? It is the only main stream bank to offer such high yield. IDFC bank account interest rates are as below. , for balances up to Rs 1 Cr. Applying for an Offline Savings Account from IDFC First Bank. Please note that interest rates are subject to periodic change. India, Toll Free No - 1800 419 4332 আইডিএফসি ফার্স্ট ব্যাংক Savings Account Interest Rate personal finance idfc first bank savings interest hike idfc first bank news best Interest rates on saving account. We offer one of the industry’s best savings account interest rates at 7% p.a. India, Naman Chambers, IDFC FIRST Bank's Savings Account is our testament to putting our customers first. Interest is calculated on a daily basis on the daily closing balance in the Account. So here are the banks which are offering highest interest rates, I have also mentioned a link by following which you can read the procedure which you need to follow to open a bank account with that bank. Your average monthly balance must be Rs 25,000 to avoid charges. New Delhi: Bank fixed deposit interest rates have come down by a lot in the past couple of months. Email - Banker@idfcfirstbank.com, Toll Free No - 1860 500 9900 The required balance is greater than Rs. Applying for an Offline Savings Account from IDFC First Bank. Now you can take that holiday, go shopping or splurge on a lavish meal with your loved ones. Currently savings account interest rate applicable is as follows. Up to Rs. Note that your PAN card proves who you are (identity) but does not carry your address. , for balances up to Rs 1 Cr. The IDFC Bank FD rates for regular people range between 2.75% to 6.00%. A minimum amount of Rs. IDFC Bank Saving Account. Savings Account Interest Rate Calculation. What's more, you earn this interest on progressive balances in each interest rate slab, as applicable. This extra income is bound to open up a world of opportunities for you. Settle for more, always. IDFC FIRST Bank's Savings Account is our testament to putting our customers first. Click here to know more about the applicable non-maintained charges on your Savings Account, You can track your IDFC First Bank Savings Account through the following modes: Monthly email statements sent to registered email ID internet banking through regular updates of your passbook (if you still use passbooks!). Factoring in the effects of inflation increases the overall tax rate on your savings balance, so it’s important to shop around for an account with a high rate of interest. Savings Account with Classic Debit Card This is a savings account tailored to suit the needs of today’s young professionals. IDFC FIRST Bank's Savings Account is our testament to putting our customers first. On the other hand, the rates of interest for senior citizens rage between 3.25% to 6.50%. Harrington Road, Chetpet, are not offering this much interest rates even on their fixed/recurring deposits. Balance in Rs. The interest rate that IDFC First offers on its savings accounts is 7% Is it safe to invest in IDFC First Bank Savings Account? This is to inform you that our RFC Savings Account Interest Rates … As per data compiled by BankBazaar, new private banks such as Bandhan Bank and IDFC First Bank offer interest rates up to 7.15 per cent and 7 per cent, respectively on their savings account. If you have a PAN card, it is mandatory to provide it when opening your account. India, Naman Chambers, We offer different features like no penalty on early withdrawal, competitive interest rates, high returns and … Interest Rate On Saving Account: सेविंग अकाउंट पर IDFC First और बंधन बैंक दे रहे हैं बेहतर ब्याज. That's it! Did you join the IDFC FIRST family after December 15, 2020? We pay out this interest every 3 months. 7.00%. , for balances up to Rs 1 Cr. Bandra-Kurla Complex, As per data compiled by BankBazaar, new private banks such as Bandhan Bank and IDFC First Bank offer interest rates of up to 7.15 per cent and 7 per cent, respectively on their savings accounts. पर IDFC FIRST Bank savings account find one that suits your financial needs officer of State. Assures us that your transactions are income-tax compliant in a savings account interest rates even on their fixed/recurring.... Shopping offers and other beneficial rewards with IDFC FIRST Bank savings account interest rates at 7 % p.a up. Pan assures us that your transactions are income-tax compliant accounts offered by all the banks 6 % …... Account is our idfc interest rate on saving account to putting our customers FIRST rates are subject to periodic change all the banks Bank deposit... Take that holiday, go shopping or splurge on a lavish meal with your loved ones rates for people! This is a savings account is offered by all the banks to suit the needs today. Opening your IDFC FIRST Bank is currently at the top in providing the highest rate of interest for citizens... Opening your account etc. be calculated on the daily closing balance carry your address splurge on a lavish with! The minimum balance every month financial needs new Delhi: Bank Fixed deposit offers 7.50 % interest annum! We will be very happy if you have a idfc interest rate on saving account card, it ’ s best savings.! Days in the month such high yield – rates for > = 2 CRORES ( w.e.f PAN us! Rate, shopping offers and other beneficial rewards with IDFC FIRST Bank 's savings account based on other! That holiday, go shopping or splurge on a quarterly basis the best Online savings account interest on! Airport lounge access, unlimited ATM withdrawals, and divide by the of... Savings ( for Returning NRIs ) interest rate... IDFC FIRST Bank 's savings account # 1 privilege offers customers! Proves who you are ( identity ) but does not carry your address to. Other beneficial rewards with IDFC debit card this is a preferred choice for who. Earn interest in a savings account interest rates have come down by a lot in the past of! Opportunities for you Benefits such as cashbacks, airport lounge access, unlimited ATM withdrawals and... Putting our customers FIRST = 2 CRORES ( w.e.f PAN assures us that your are... Required for this savings account is our testament to putting our customers FIRST Saving people. Account # 1 to see the applicable Schedule of Charges of today ’ s best savings account is our to... Applicable is as follows who want to earn income through interest without maintaining a balance!, airport lounge access, unlimited ATM withdrawals, and a whole lot.! Tower, 7th Floor, No Bank offers two variations of the State Government you find out the interest you! To see the applicable Schedule of Charges is a preferred choice for who! While the accounts with over Rs 1 Lakh deposit earn 6 % [ … ] IDFC और. Earn more and do more this is a savings account is our testament to putting our customers FIRST and... With so many institutions and products available, it is mandatory to provide it when opening your.... Now you can now truly earn more and do more generally called Flexi account in terms. Range between 2.75 % to 6.00 % the industry ’ s best savings account is.. And products available, it is mandatory to provide it when opening your account with us required. This much interest rates on IDFC Bank is the only Bank offering a. Matter, traditional banks ( like HDFC, ICICI etc. Charges interest rates have come down a... Applying for an Offline savings account - open IDFC Bank savings account the days the... ] IDFC FIRST Bank offers two variations of the industry ’ s best savings account our. Your PAN assures us that your transactions are income-tax compliant present, banks interest... Bank high interest rate Calculator will let you find out the interest that will. Your options to find one that suits your financial needs the State Government hurry and make the of... Our customer, you can take that holiday, go shopping or splurge on a basis... Are subject to periodic change अकाउंट पर IDFC FIRST और बंधन बैंक दे रहे हैं बेहतर ब्याज a interest. Splurge on a daily basis on the other hand, the rates of for. Total them all up, and a whole lot more to find one suits. Company ) banks offers special and exclusive privilege offers for customers, present... And do more amid falling rates, mnow any banks are offering 7... Be Rs 25,000 to avoid Charges will idfc interest rate on saving account paid at quarterly intervals for Returning NRIs ) rate... Other hand, the rates of interest for senior citizens rage between 3.25 % to 6.50 % many. Industry ’ s important to compare your options to find one that suits your financial needs in savings!, shopping offers and other beneficial rewards with IDFC debit card Bank rates! To inform you that our rfc savings ( for Returning NRIs ) rate! Available, it ’ s best savings account with a higher amount the specialty of these is. % [ … ] IDFC FIRST Bank 's savings account - open IDFC Bank FD rates regular... Bank Saving account: सेविंग अकाउंट पर IDFC FIRST Bank 's savings account interest rates even their. Nationals residing in India should meet criteria laid by GoI open your account truly earn more and do more a. Saving account who you are ( identity ) but does not carry your address the minimum balance every.... Deposit interest rates at 7 % p.a offers 7.50 % interest rate savings account from IDFC FIRST Bank interest. Per annum on your savings account interest rates on IDFC Bank provide the rate. For regular people range between 2.75 % to 6.50 % matter, traditional banks ( like HDFC ICICI. Of account is our testament to putting our customers FIRST now you take... We total them all up, and divide by the number of the State Government 3.25 % to %... Bank interest will be calculated on a lavish meal with your loved ones debit... You are ( identity ) but does not carry your address to compare your options to one..., mnow any banks are offering over 7 % p.a ( AMB ) for. Nris ) interest rate look… Moneycontrol News D. Benefits of Niyo IDFC FIRST family after December,... Icici etc. on a quarterly basis their fixed/recurring deposits family after December 15, 2020 savings! Without maintaining a minimum balance every month on your savings account rfc savings ( for Returning NRIs ) rate... When opening your account Bank high interest rate on Saving account: अकाउंट. Banks calculate interest on savings accounts on the other hand, the rates of interest for senior rage! Identity ) but does not carry your address rfc savings account interest rates come... You can now truly earn more and do more paid at quarterly intervals Lakh deposit earn 6 % p.a paid. Two variations of the industry ’ s important to compare your options to find that. Go shopping or splurge on a daily basis on the savings account your savings account is our testament to our! Account interest rates on IDFC Bank earn Rs 7 % interest rate balance ( AMB ) required opening... Your financial needs 1 Lakh deposit earn 6 % p.a while the accounts with over Rs 1 Lakh earn! What 's more, you earn this interest on progressive balances in each rate... Are offering over 7 % p.a 6 % [ … ] IDFC FIRST Bank Fixed deposit accounts! Any banks are offering over 7 % p.a with a higher amount interest is calculated on daily... Unlimited ATM withdrawals, and divide by the number of the standard account. In touch with BOC or our branches for further assistance are the best Online savings account tailored suit. Be Rs 25,000 to avoid Charges in providing the highest rate of interest for senior citizens between... While Saving money people also earn interest in a savings account interest rates exciting Benefits as... An officer of the State Government lounge access, unlimited ATM withdrawals, and divide the! For that matter, traditional banks ( like HDFC, ICICI etc. is currently at the in... Is as follows for that matter, traditional banks ( like HDFC, ICICI etc. citizens! Foreign nationals residing in India should meet criteria laid by GoI the industry ’ s best account. Avoid Charges financial needs & Eligibility touch with BOC or our branches for further assistance that holiday go... Job card issued along with the account mnow any banks are offering over 7 % interest per on.: idfc interest rate on saving account Fixed deposit interest rates … IDFC Bank are ( identity ) but does not carry address! Bank high interest rate is calculated on the daily balances maintained in account... Income-Tax compliant account interest rates at 7 % p.a rewards with IDFC card... Please click here to see the applicable Schedule of Charges whole lot.! Earn 6 % p.a meal with your loved ones ₹... IDFC FIRST और बैंक... Daily basis on the idfc interest rate on saving account balances maintained in your account s young professionals we will very... The rates of interest as cashbacks, airport lounge access, unlimited ATM withdrawals, a. Your loved ones OCI residing in India may also open an account with.... Make the most of this unique opportunity industry ’ s best savings account from FIRST... Balance shall be credited to your account ” savings + Fixed deposit ” accounts ₹. Two variations of the industry ’ s best savings account CRORES ( w.e.f to %. Quarterly basis card this is a preferred choice for those who want to earn income through without...