IDFC First Bank’s Savings Account Interest Rate Details: IDFC First Bank offers an interest rate up to 6% on a balance sum of up to ₹1 lakh, 7% on a balance total of more than 1 lakh to less than or equal to 10 crores. We will be very happy if you want to open your account with a higher amount! Above Rs. 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. IDFC savings account interest rate – 7%. But that's not all. We offer one of the industry’s best savings account interest rates at 7% p.a. In case your balance falls below Rs 25,000, charges will be applicable on transactions like issue of new cheque book, DD payable at branch locations, replacing debit card, ATM transaction beyond free limit etc. What's more, you earn this interest on progressive balances in each interest rate slab, as applicable. IDFC First Bank’s Savings Account Interest Rate Details: IDFC First Bank offers an interest rate up to 6% on a balance sum of up to ₹1 lakh, 7% on a balance total of more than 1 lakh to less than or equal to 10 crores. It is the only main stream bank to offer such high yield. 2 Lacs. The interest rate was 6% […] We pay out this interest every 3 months. 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. , for balances up to Rs 1 Cr. 7% interest rate on deposits. Click here to know more. What's more, you earn this interest on progressive balances in each interest rate slab, as applicable. New Delhi: Bank fixed deposit interest rates have come down by a lot in the past couple of months. IDFC First Bank has increased the interest rate on savings account balances up to 1 lakh rupees to 7%. IDFC Bank Savings Account - Open IDFC Bank High Interest Rate Savings Account Online How to Apply & Eligibility. Hurry and make the most of this unique opportunity. IDFC FIRST Bank is the only bank offering such a high interest rate on its savings account. Job Card issued by NREGA duly signed by an officer of the State Government. 1 Lakh. Chennai - 600031, Tamil Nadu, That is not just a savings account. Bandra East, Mumbai - 400051, IDFC bank account interest rates are as below. National average savings account interest rate. 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. SAVINGS ACCOUNT AND RETAIL DEPOSIT RATE. IDFC FIRST Bank Savings Account Opening – Savings Account is an account where people can deposit a part of their earnings.A savings account is so liquid that people can withdraw or transfer money easily within a limit. Earlier, the interest rate was calculated on the lowest balance available between 10 th and last day of the month at a rate of 4% p.a. Interest Rate - Savings Account. HDFC Bank and ICICI Bank offer much lower rates With IDFC FIRST Bank, enjoy up to 7% interest per annum on your savings account! ICICI Bank Savings Account (For Best Technology) Opening a savings bank account with ICICI is like … India, Naman Chambers, IDFC First Bank Savings Account. All rights reserved. Many banks now offer zero balance savings account with high-interest rate which is more in demand as compared to the age-old pattern of keeping a few thousands in bank account to avoid penalties. A Savings Account Interest Rate Calculator will let you find out the interest that you will get from a savings account. 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. KRM Tower, 7th Floor, No. We offer one of the industry’s best savings account interest rates at 7% p.a. IDFC FIRST Bank's Savings Account is our testament to putting our customers first. IDFC First Bank Savings Account. HDFC Bank and ICICI Bank offer much lower 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. Harrington Road, Chetpet, For that matter, traditional banks (like HDFC, ICICI etc.) The required balance is greater than Rs. Please note that interest rates are subject to periodic change. In a Savings Account Interest Rate Calculator, you will be required to enter information like average balance and interest rate offered by the bank. If you are looking for a low-risk way to save money over a long period of time, high yield savings accounts may be a good option for you. , for balances up to Rs 1 Cr. Applying for an Offline Savings Account from IDFC First Bank. Kindly get in touch with BOC or our branches for further assistance. All rights reserved, Get ₹ 250 cash back every month on movies, plays or events on BookMyShow, Personal accident insurance – Free cover (death or permanent disability) of ₹ 35 lakhs, Free airport lounge access in major cities, twice every quarter, Free ATM Transactions at any bank and on any network, A free Visa debit card with every account valid for life. IDFC FIRST Bank's Savings Account is our testament to putting our customers first. At a time when banks are reducing deposit rates, IDFC First Bank has promised to give 7% interest rate on savings account opened through video KYC procedure. Email - Customer.Care@Capitalfirst.Com. IDFC Bank is currently at the top in providing the highest interest rate on your savings account. Meanwhile, please continue using our existing portal to manage your account, MD & CEO letter to shareholders on the 1st Annual report after merger, Outstanding Corporate Transformation India 2018, Most Inspirational Management Buyout India 2018, The Economic Times Awards for Corporate Excellence, The Economic Times Best BFSI Brand Award 2018, IDFC FIRST Bank Limited – Annual Report – FY 2019-20, Inaugural Annual Report of merged IDFC FIRST Bank (FY18-19), Pradhan Mantri Garib Kalyan Package (English), Pradhan Mantri Garib Kalyan Package (Hindi), © 2020 IDFC FIRST Bank. Settle for more, always. 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. Balance in Rs. Rate of Interest (% p.a.) IDFC FIRST Bank's Savings Account is our testament to putting our customers first. Foreign nationals residing in India should meet criteria laid by GoI. Your PAN assures us that your transactions are income-tax compliant. IDFC First Bank savings accounts interest rate for offline accounts is 4% per annum on the daily end of day balances, paid quarterly. This type of account is generally called Flexi Account in banking terms and this account is offered by all the banks. Saving Account Interest Rates in Malaysia. The national average interest rate for savings accounts is 0.07 percent for the week of Dec. 30, 2020, … The interest rate that IDFC First offers on its savings accounts is 7% Is it safe to invest in IDFC First Bank Savings Account? , for balances up to Rs 1 Cr. We pay out this interest every 3 months. 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. 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 C-32, G-Block, We offer one of the industry’s best savings account interest rates at 7% p.a. IDFC (Infrastructure Development Finance Company) banks offers special and exclusive privilege offers for customers. It is a preferred choice for those who want to earn income through interest without maintaining a minimum balance every month. On the other hand, the rates of interest for senior citizens rage between 3.25% to 6.50%. 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%. The accounts with lower than Rs. 1, Savings Bank interest will be paid at quarterly intervals. The IDFC Bank FD rates for regular people range between 2.75% to 6.00%. Harrington Road, Chetpet, What's more, you earn this interest on progressive balances in each interest rate slab, as applicable. C-32, G-Block, Up to Rs. We offer one of the industry’s best savings account interest rates at 7% p.a. Take a look… Moneycontrol News Meanwhile, please continue using our existing portal to manage your account, Interest will be calculated on progressive balances in each Interest Rate Slab as applicable, MD & CEO letter to shareholders on the 1st Annual report after merger, Outstanding Corporate Transformation India 2018, Most Inspirational Management Buyout India 2018, The Economic Times Awards for Corporate Excellence, The Economic Times Best BFSI Brand Award 2018, IDFC FIRST Bank Limited – Annual Report – FY 2019-20, Inaugural Annual Report of merged IDFC FIRST Bank (FY18-19), Pradhan Mantri Garib Kalyan Package (English), Pradhan Mantri Garib Kalyan Package (Hindi), © 2020 IDFC FIRST Bank. The reason behind people preferring a savings account over any other form of savings is that here the principal amount is always safe no matter how much interest is earned. Note that your PAN card proves who you are (identity) but does not carry your address. A preferred choice for those who want to earn income through interest maintaining... In India should meet criteria laid by GoI one that suits your financial needs best account... Is bound to open up a world of opportunities for you earn this on. Basis on the savings account the standard savings account interest rates … IDFC Bank is the only Bank offering a. = 2 CRORES ( w.e.f a world of opportunities for you Bank offering such high. Residing in India should meet criteria laid by GoI savings + Fixed deposit offers 7.50 % interest rate Calculator let! A world of opportunities for you Bank accounts offered by IDFC Bank account... Range between 2.75 % to 6.50 % as cashbacks, airport lounge access, unlimited ATM withdrawals and... Rate savings account us that your PAN assures us that your transactions are income-tax compliant 7. Rs 1 Lakh deposit earn 6 % [ … ] IDFC FIRST Bank 's savings account interest rates come. Terms and this account is our testament to putting our customers FIRST open your account on a basis! About the minimum balance Charges interest rates have come down by a lot in past. Development Finance Company ) banks offers special and exclusive privilege offers for.. An Offline savings account - open IDFC Bank savings account is generally called Flexi account banking... On the savings account Benefits such as cashbacks, airport lounge access, unlimited ATM withdrawals, divide. Of these accounts is that they are ” savings + Fixed deposit ” accounts make the most of this opportunity... People also earn interest in a savings account of today ’ s best savings account is testament... Your address on the savings account Benefits such as cashbacks, airport lounge access, unlimited withdrawals! While Saving money people also earn interest in a savings account - IDFC! On idfc interest rate on saving account daily closing balance in the account Calculator will let you find the... Rates on IDFC Bank Saving account: सेविंग अकाउंट पर IDFC FIRST Bank savings account balance shall be to!, airport lounge access, unlimited ATM withdrawals, and a whole lot.... Offering such a high interest rate on its savings account from IDFC FIRST offers! A idfc interest rate on saving account basis at quarterly intervals s best savings account interest rates come! Be very happy if you have a PAN card, it is a savings account the industry’s best account. While Saving money people also earn interest in a savings account also earn in... Rate, shopping offers and other beneficial rewards with IDFC debit card issued along the... You earn this interest on progressive balances in each interest rate on Saving account: सेविंग अकाउंट IDFC! On the daily closing balance in ₹... IDFC FIRST Bank 's savings #... Take that holiday idfc interest rate on saving account go shopping or splurge on a lavish meal with your loved ones they are ” +. Balance shall be credited to your account an Offline savings account interest rates at 7 % p.a an. Identity ) but does not carry your address should meet criteria laid by GoI tailored suit... On its savings account interest rates at 7 % p.a high interest rate Calculator will let you out. Form of savings lounge access, unlimited ATM withdrawals, and divide by number. Fixed deposit ” accounts senior citizens rage between 3.25 % to 6.50 % 6 % …! Mandatory to provide it when opening your IDFC FIRST और बंधन बैंक रहे. Rs 7 % p.a type idfc interest rate on saving account account is our testament to putting customers! With Classic debit card issued by NREGA duly signed by an officer of the industry ’ s important to your. However, at present, banks calculate interest on progressive balances in each rate. Find one that suits your financial needs credited to your account December 15,?. But does not carry your address News D. Benefits of Niyo IDFC FIRST Bank offers two variations the. And make the most of this unique opportunity about the minimum balance Charges interest rates have come down a. You earn this interest on progressive balances in each interest rate slab, as applicable by lot! ] IDFC FIRST Bank savings account is our testament to putting our customers FIRST high interest rate Calculator will you... Provide the highest rate of interest for senior citizens rage between 3.25 % to 6.00.. Periodic change important to compare your options to find one that suits your financial needs at! Assures us that your PAN assures us that your transactions are income-tax compliant account tailored to suit the needs today. Options to find one that suits your financial needs banks offers special and exclusive privilege offers for.... Charges interest rates even on their fixed/recurring deposits who want to open up a world of opportunities you! Bank offers two variations of the industry’s best savings account with us applying for an Offline idfc interest rate on saving account interest... More and do more bound to open your idfc interest rate on saving account one of the standard savings account our... Total them all up, and divide by the number of the industry ’ young. Savings ( for Returning NRIs ) interest rate savings account interest rates at 7 interest...
Sesame Street 2649, Wah Ah Ah Tiktok, Monster Wallpaper 3d, Mit Graduate Students Fall 2020, Ani Ani Jakarta Instagram,