Key Highlights :
1. IDFC FIRST Bank has revised interest rates on its savings accounts, with effect from March 9, 2023.
2. Interest on savings accounts will be calculated in a progressive manner for IDFC First Bank customers.
3. According to the bank website, for savings account balances up to Rs.10 lakh the interest rate offered is 4 percent.
4. For those with savings account balances between Rs 10 lakh to Rs.50 crore, the interest rate will be 6.75 per cent.
5. Also read: How savings account interest rate is calculated.
6. For balances above Rs50 crore to Rs 100 crore the savings account will fetch an interest rate of 5 percent.
7. While for balance Rs 100 crore to Rs 200 crore will earn 4.50 percent.
8. For a balance of Rs 200 crore and above the interest rate it offers is 3.50%.
9. On Balances (in ₹) Rate of Interest (% p.a.) <= 10Lac 4.00% > 10Lac <=50 Cr 6.75% > 50Cr <= 100 Cr 5.00% >100 Cr <= 200 Cr 4.50% > 200 Cr 3.50%
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IDFC FIRST Bank has revised interest rates on its savings accounts, with effect from March 9, 2023. Interest on savings accounts will be calculated in a progressive manner for IDFC First Bank customers. According to the bank website, for savings account balances up to Rs.10 lakh the interest rate offered is 4 percent. For those with savings account balances between Rs 10 lakh to Rs.50 crore, the interest rate will be 6.75 per cent. Also read: How savings account interest rate is calculated
For balances above Rs50 crore to Rs 100 crore the savings account will fetch an interest rate of 5 percent. While for balance Rs 100 crore to Rs 200 crore will earn 4.50 percent. For a balance of Rs 200 crore and above the interest rate it offers is 3.50%.
On Balances (in ₹)
Rate of Interest (%
