Private sector IDFC First Bank has changed the interest rates of fixed deposits (FD Rates) and savings accounts. The new rates for FD have become effective from 18 April 2026. Whereas the new interest rates for savings deposits have been implemented from April 21, 2026. After the change, the bank is offering interest ranging from 3.25% to 7.25% to ordinary citizens on fixed deposit tenure ranging from 7 days to 10 years. At the same time, interest on savings deposits is minimum 2.50% and maximum 5%.

All banks keep changing the interest rates of savings deposits, RD and fixed deposits from time to time. Therefore customers are advised to visit the official website of the bank or the nearest branch before investing. Even after the change, the bank is providing additional interest facility to senior citizens, which is available only to resident citizens. People aged 60 years and above are getting 0.25% extra return on all tenures.

Highest interest on FD for so many days

The bank is offering the highest returns on two different tenures ranging from 500 days to 2 years and 2 years, 1 day to 3 years. 7% interest is available on tenure from 371 days to 499 days and 7.50% interest is available on tenure from 3 years, 1 day to 5 years. On 5 year tax saver deposit, general citizens will get 7.15% interest and senior citizens will get 7.40% interest. The bank is offering 7% return on 375 days green deposit.

Know tenure wise interest rates

• 7 to 14 days – 3.25%
• 15 to 30 days – 3.25%
• 30 to 45 days – 3.50%
• 46 to 90 days – 4.50%
• 91 to 180 days – 5%
• 181 days to less than 1 year – 6.50%
• 1 year- 6.50%
• 1 year 1 day to 370 days – 6.50%
• From 371 days to 499 days – 7%
• From 500 days to 2 years – 7.25%
• From 2 years 1 day to 3 years – 7.25%
• From three years one day to 5 years – 7.15%
• From 5 years 1 day to 10 years – 6%

Changes in recurring deposit interest rates also

New interest rates for recurring deposits have also been implemented from April 18. The bank is offering interest ranging from 6.50% to 7.25% to general citizens on tenure ranging from 6 months to 36 months. Whereas senior citizens are getting interest ranging from 6.75% to 7.50%. The minimum investment limit has been fixed at Rs 100 and maximum at Rs 1,25,000.

New interest rates for savings deposits

Savings Deposit: From April 21, the bank is offering 3.50% annual interest on balance up to Rs 3 lakh. 6.50% interest will be available on amounts above Rs 3 lakh and up to Rs 25 crore. It is offering 5% interest on amounts above Rs 25 crore.

Interest-rates-on-Savings-Deposits-wef-21st-April-2026 Interest-Rates-on-Retail-Deposits-18th-April-2026