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IDFC First Bank RD Interest Calculator

RD Calculator IDFC First in India Jul 2021

Last Updated 06th Jul 2021

Tenure General Rates Senior Citizen Rates
6 months 5.00% 5.50%
9 months 5.25% 5.75%
12 months 5.75% 6.25%
15 months 5.75% 6.25%
18 months 6.00% 6.50%
21 months 6.00% 6.50%
24 months 5.75% 6.25%
27 months 5.75% 6.25%

    Calculate RD Maturity Amount of All Banks in India

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    IDFC First Bank RD Calculator
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    Bank/NBFCs Rate Tenure Action
    Bajaj Finance FD6.75%60 MonthsAPPLY
    PNB Housing Finance FD6.95%60 MonthsAPPLY
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    IDFC First Recurring Deposit Calculator

    IDFC First Bank, a leading Private Bank in India offers attractive interest rates upto 6.00% on its Recurring deposits.
    RD maturity amount that you will get depends upon

    • Deposit amount
    • Rate of interest
    • RD tenure
    • Compounding frequency
    • TDS applicability and TDS rate

    IDFC First Recurring Deposit Interest Calculator

    • In a periodic interest payout option, IDFC First Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain same across the life of the deposit. On maturity of RD, unless the deposit is renewed, would transfer the principal amount to your bank account.
    • In case you opt for a IDFC First Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
    • Calculate the RD maturity amount using the RD calculator.

    Tax on Recurring Deposit IDFC First Bank

    • In case the interest earned by you across all your recurring deposits across all branches of IDFC First Bank in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the IDFC First Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your RD.
    • We aren’t done yet. This was only the TDS. Now, you would need to add the interest income on all your IDFC First Bank RD’s and other RD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. You must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
    • IDFC First Bank will also issue you a Form 16A giving details of tax deducted on RD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

    IDFC First RD interest rate calculator – Check your city

    • Keep your KYC documents - PAN card, address proof and photo ready.
    • To know more or apply, contact any of the branches of IDFC First Bank in your city

    FAQs

    What is the highest interest earned on IDFC First Bank recurring deposit?

    You can earn a maximum interest of 6.00% on IDFC First Bank recurring deposit.

    Are there any extra benefits for senior citizens on fixed deposit of IDFC First Bank?

    Yes, senior citizens get extra benefit of 0.5% interest rates on their RD in IDFC First Bank.


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    IDFC First News - Jul 2021
    • 2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
      To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
    • 2021-05-21 : IDFC First Bank profit surged 78% to Rs 128 crore
      IDFC First Bank reported a 78% jump in net profit at Rs 128 crore for the fourth quarter ended March 2021. The bank had posted a profit of Rs 72 crore during the corresponding January-March quarter a year ago. Total income during the fourth quarter rose to Rs 4,834 crore backed by Retail advances which include home, LAP, personal, two-wheeler, car, gold, education and doctor loan.
    • 2021-01-22 : IDFC First Bank retail loan surges 100%
      IDFC First Bank reported that its retail deposits which includes home, personal, car, two wheeler, gold and LAP increased 100% Y-o-Y. In addition to this, Customer Deposits of the Bank which includes FD and RDs increased to Rs. 77,289 Cr as on 31 December 2020 from Rs. 54,631 Cr as on 31 December 2019 . CASA ratio on outstanding deposits as on 31 December 2020 was 48.4%.
    • 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.
    *Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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