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IDFC First News - Jan 2021
- 2021-01-07 : IDFC First Bank records increase in deposits
IDFC First Bank reported that its deposits which include fixed and recurring deposits grew by 41% at the end of the December quarter. In addition to this, retail loans which include home, personal, car, two-wheeler, gold and education loans grew by 24% year-on-year. The deposits increased to Rs 77,289 core at the end of the December quarter against Rs 54,631 crore in the same period last year. - 2020-04-14 : IDFC First Bank retail deposits surged by 157%
IDFC First Bank reported a jump of 157% in retail deposits, which includes fixed and recurring deposits in the year 31 March 2020. The bank’s retail deposits surged to Rs 33,898 crore from Rs 13,214 crore a year ago. However, Certificates of Deposits outstanding slumped from Rs 28,754 crore as of 31 March 2019 to Rs 7,111 crore as of 31 March 2020. - 2020-01-06 : IDFC First Bank revised its Fixed deposits interest rates
IDFC First Bank revised its interest rates across all tenors. Revised rate for a period of 7-14 days is 4%, rate for 15-29 days is 5.00%, for 30-45 days it is 6.25% , the rate for 46-90 is 6.50% , the revised rates for 91-180 days is 6.75% and for 181 days to less than a year the rate is 7.00%. Further, for long term tenors of 1 years to 10 years FD rates stands at 7.25%, however for 500 days new FD rate is 7.50%. The revised rates are in effect from 1 January, 2020. - 2019-10-31 : IDFC First Bank revises interest rates on Fixed Deposits
IDFC First Bank revised interest charged on Fixed Deposits this month, which are in effect from October 23, 2019. The new rate for 7-14 days is 4.00%, for 15-29 days the rate is revised to 5.00%, for 30-45 days it is 6.25%, rate for 46-90 days is 6.50%, for 91-180 days it is 6.75%, and for 181 days to less than a year the revised rate is 7.00%. For longer periods of 1-2 years, the rate is 7.50%, and for 2-10 years, the rate is revised to 7.25%. For senior citizens, the rates vary by 50 basis points. - 2019-08-23 : IDFC First Bank revises its FD rates
After RBI reduced lending rates by 35 bps, IDFC First Bank revised its FD rates. For the general public, the rates have been changed as 4% - 6.75%, for maturity of 7 days to 180 days. Further, for maturity dates between 181 days to 2 years, the revised rate lie between 7% to 8%. For a larger maturity period of 2-10 years, revised rates range from 7.25% to 7.50%. The rates have been revised with immediate effect from August 21.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources.
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