Lenders like IDFC First Bank, Bandhan Bank and small finance banks like Equitas and Utkarsh offer better interest rates on savings account comparied to top lenders like State Bank … Interest earned on your Savings Account balance shall be credited to your account on a quarterly basis. What's more, you earn this interest on progressive balances in each interest rate slab, as applicable. IDFC FIRST Bank's Savings Account is our testament to putting our customers first. We offer one of the industry’s best savings account interest rates at 7% p.a. Balance in ... IDFC FIRST Bank Ltd KRM Tower, 7th Floor, No. 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. We total them all up, and divide by the number of the days in the month. 2 Lacs. Bandhan Bank and IDFC First Bank offer interest rates of up to 7.15 per cent and 7 per cent, respectively, on their savings account. IDFC savings account interest rate – 7%. 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. 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. That means you earn every single day. Chennai - 600031, Tamil Nadu, Interest Rates. Congratulations! Please note that interest rates are subject to periodic change. Permanent and valid driving license with photograph. We will be very happy if you want to open your account with a higher amount! 7.00%. 6.00%. C-32, G-Block, 7.00%. That is not just a savings account. New Delhi: Bank fixed deposit interest rates have come down by a lot in the past couple of months. IDFC (Infrastructure Development Finance Company) banks offers special and exclusive privilege offers for customers. We offer one of the industry’s best savings account interest rates at 7% p.a. C-32, G-Block, It is the only main stream bank to offer such high yield. Interest is calculated on a daily basis on the daily closing balance in the Account. Harrington Road, Chetpet, Email - Customer.Care@Capitalfirst.Com. Savings Bank interest will be calculated on the daily balances maintained in your account. BULK DEPOSIT RATE – RATES FOR >= 2 CRORES (w.e.f. Web Title : idfc first bank hikes interest rate on savings balances, check latest here Bengali News from EI … Amid falling rates, mnow any banks are offering over 7% interest rate on the savings account. IDFC Bank Saving Account. Now you can take that holiday, go shopping or splurge on a lavish meal with your loved ones. 16-01-2021) FCNR RATES ABOVE 5 MILLION. Know about the Minimum balance Charges Interest rates on IDFC Bank. We offer different features like no penalty on early withdrawal, competitive interest rates, high returns and … 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. We offer one of the industry’s best savings Balance in Rs. India, Toll Free No - 1800 419 4332 IDFC FIRST Bank's Savings Account is our testament to putting our customers first. HDFC Bank and ICICI Bank offer much lower rates With so many institutions and products available, it’s important to compare your options to find one that suits your financial needs. Savings Bank interest will be paid at quarterly intervals. Savings Account is the oldest and most common form of savings. This type of account is generally called Flexi Account in banking terms and this account is offered by all the banks. 6.00%. On balance amount of up to Rs 1 lakh, IDFC First Bank provides an interest rate of up to 6 percent, on balance amount higher than Rs … are not offering this much interest rates even on their fixed/recurring deposits. Ans: Yes, IDFC Bank FD rates for the senior citizens of India are comparatively higher than the FD interest rates for normal people. <=1 lakh 6% >1 lakh <=10 crore 7 % >10 crore<= 50 crore 4.5% > 50 crore <= 100 crore 4% > 100 crore 3.50% In a Savings Account Interest Rate Calculator, you will be required to enter information like average balance and interest rate offered by the bank. , for balances up to Rs 1 Cr. 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. 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