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With fixed deposit calculators, you can plan your investment better and ensure you get the desired returns. These calculators help you by giving an estimate of the returns, ensuring your investment aligns with your goals. 

 

You can use the IDFC First Bank FD calculator before investing, especially if you are planning to invest in an IDFC First Bank FD. Like other FD calculators, this tool is available online for free, and you can access it whenever you want with no limitations.


Read on to know the benefits of using the IDFC First Bank FD calculator, the latest IDFC First FD interest rates, and more.

IDFC First Bank Fixed Deposit Calculator

Deposit Amount
Tenure
Months
Interest Rate
%
Interest Payout
Your Total Maturity Amount is
Your Total Maturity Amount is
Total Investment
Total Interest Earned

Interest Rates for IDFC First Bank FD

Check out the latest IDFC First Bank FD interest rates for domestic deposits under ₹2 Crores:

Tenor

Non-Senior Citizens (p.a.)

Senior Citizens (p.a.) 

7 days – 10 years

3.00% - 7.50%

3.50% - 8.00%

Disclaimer: The above interest rates are as of October 2023 and are subject to change as per the bank’s policy.


Now that you know the FD interest rates, you can use the IDFC First Bank FD calculator and compare the returns you can get from different options.

Benefits of an IDFC First Bank FD Calculator

The IDFC First Bank FD calculator offers various benefits, making your investment planning easier. Here are some of the advantages that you must be aware of.

1. Helps Maximise Returns

The IDFC First Bank FD calculator gives you an estimate of your earnings based on the investment terms. Given this, you can easily leverage and compare the estimates of different terms. This will, in turn, enable you to choose an option that offers the best returns.

2. Facilitates Easy Planning

You must research various schemes and compare different FD options while planning an investment. You also need to consider your goals and current finances before investing. An FD calculator helps you do this quickly and easily. 

3. Helps Choose the Right Terms

The IDFC First Bank Fixed Deposit calculator gives you an estimate of your returns based on the investment amount and tenor. Moreover, using it is free and has no restrictions. So, you can try as many permutations as you want till you find investment terms that align with your finances and goals.

4. Provides Error-Free Results

You do not have to stress about long and inaccurate calculations when using the IDFC First Bank FD calculator. Since the calculator is automated and formula-based, it provides accurate results instantly.


Now that you know the benefits of the IDFC First Bank FD calculator, make the best use of it and start your investment hassle free. For added convenience and benefits, choose Bajaj Markets. The platform provides various FD options from leading issuers. The process is 100% digital and requires minimal paperwork.

Disclaimer

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort. 

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products. 

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FAQs on the IDFC First Bank FD Calculator

You have the flexibility to choose the interest payout in an IDFC First Bank FD as per your preference. You can opt for the interest payout on a monthly or quarterly basis. You can compare the returns for different payout options with an IDFC Bank Fixed Deposit calculator.

To use the calculator, enter the investment amount and tenor. You also need to choose the type of FD and investor. The calculator will automatically give you the results once you submit these details.

The minimum investment amount for an IDFC First Bank FD is ₹10,000. The tenor options range from 7 days and 10 years. You can use the IDFC Bank FD calculator to easily decide which tenor and amount are ideal.

Yes, IDFC First Bank allows you to withdraw your FD prematurely. However, you need to pay a premature closure penalty for the same. You do not need to pay this penalty if you are a senior citizen.

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