IDFC First Bank changes savings account interest rates, check new rates here

IDFC First Bank is offering 6% interest on savings account balance of Rs 10 lakh to Rs 5 crore.

The interest on these savings bank accounts will be calculated on the daily balance at the rate applicable by the bank. You can open an account in IDFC First Bank through video KYC sitting at home.

IDFC First Bank of the private sector (IDFC First Bank) has savings bank deposit ,Saving Bank Deposits) interest rates have changed. With effect from May 1, 2022, the bank is now giving 4 percent interest rate on savings account balance less than or equal to Rs 1 lakh. The interest rate is 4 percent on balance above Rs 1 lakh and up to Rs 10 lakh. IDFC First Bank is offering 6% interest on savings account balance of Rs 10 lakh to Rs 5 crore, which is the highest rate offered by the bank. The private lender is currently offering 5 per cent interest rate on savings bank deposits of Rs 5 crore to Rs 100 crore.

At the same time, the interest rate on savings bank deposits of Rs 100 crore to Rs 200 crore will be 4.50 percent, while 3.50 percent interest is being given on savings account balance above Rs 200 crore.

Get many benefits

Account can be opened in IDFC First Bank through video KYC sitting at home. IDFC First Bank offers unique savings account benefits. This includes opening a paperless digital account with video KYC, purchase limit of Rs 6 lakh and ATM withdrawal limit of Rs 2 lakh per day, free and unlimited ATM withdrawal, free personal accident insurance cover of Rs 35 lakh and Rs 1 crore. Free accident insurance cover is included.

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