Loan Against IDFC First Bank FD
IDFC First Bank allows loans against their Fixed Deposits. Investors can receive up to 90% of the deposit as a loan against Fixed Deposit. The rate of interest chargeable on a loan is between 3.75-7%. However, it is worth noting that the loan tenure shall be limited to the Fixed Deposit tenure.
IDFC FD Interest Rates 2024
IDFC First Bank is one of the emerging financial institutions in India, it is headquartered in Mumbai. The banking institution received its Universal Banking Licence from the Reserve Bank of India in the year 2015 and is popular for its corporate and commercial banking services. IDFC First Bank was formed by the merger of Infrastructure Development Finance Company and Capital First, which was an Indian non-bank financial institution. IDFC First bank is the first universal bank to offer monthly interest credit on savings accounts, along with lifetime free credit cards.
Table of Content
- IDFC First Bank FD Interest Rates on Domestic Deposits (less than ₹2 crore)
- IDFC First Bank FD Interest Rates on Domestic Deposits (₹2-₹5 crore)
- Features and Benefits
- Types of IDFC First Bank FD Schemes
- How to Invest in IDFC FD?
- Eligibility to Open an IDFC First Bank FD Account
- Documents Required to Open IDFC First Bank FD
- Tax on IDFC First Bank Fixed Deposit
- Loan Against IDFC First Bank FD
- Premature Closure of IDFC First Fixed Deposit (Fees and Penalty)
- Frequently Asked Questions (FAQs)
A fixed deposit is a type of term deposit which is made by the investor for a fixed period, at the ongoing FD interest rates and it helps to generate interest income. FD investment scheme is considered to be one of the safest modes of investment for investors who have low-risk appetite. IDFC first bank has a wide range of market offerings for customers, there customer-centric schemes have attracted investors with different backgrounds to invest with them.
Ownership |
Private Ownership |
---|---|
Headquarters |
Mumbai |
Founded in |
2015 |
CEO |
V. Vaidyanathan |
Customer Support Number |
1800 10 888 |