Maturity: ₹1,03,27,641 at 6.5% p.a. Interest earned: ₹3,27,641. Senior citizen maturity: ₹1,03,53,063.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
A ₹1 Crore Fixed Deposit in IDFC First Bank for 6 Months at 6.5% p.a. (quarterly compounding) will mature to ₹1,03,27,641. You earn ₹3,27,641 as interest, giving a total return of 3.3% on your investment.
At 6.5% p.a. (quarterly compounding), ₹1 Crore FD in IDFC First Bank for 6 Months matures to ₹1,03,27,641. Interest earned: ₹3,27,641. Senior citizen maturity: ₹1,03,53,063 at 7%.
IDFC First Bank offers 6.5% p.a. for general citizens and 7% p.a. for senior citizens on 6 Months Fixed Deposit. The rate applies regardless of the deposit amount.
For ₹1 Crore at 6.5% for 6 Months, you would earn approximately ₹3,27,641 as interest, making total maturity ₹1,03,27,641. Senior citizens earn ₹3,53,063 at 7%.
Yes, premature withdrawal is allowed. IDFC First Bank's policy: 0.50% penalty on applicable rate. You will receive a reduced interest rate on early withdrawal.
Compare with other banks on this page to find the best rates. Bank FDs offer DICGC insurance up to \u20B95 Lakh. Consider both rate and safety.