IDFC FIRST Bank Recurring Deposit (RD) Calculator
Calculate your monthly deposit returns with IDFC FIRST Bank Recurring Deposits.
Official Rate Formula & Benchmark:
IDFC FIRST Bank Recurring Deposits compound interest quarterly on monthly instalments. For a 3-year RD, the rate is 7.25% p.a. (7.75% for seniors).
Current official starting rate: 7.25% p.a. (Range: 7.25% – 7.75% p.a.).
IDFC FIRST Bank RD Calculator
Interactive calculation engine using official IDFC FIRST rates
Senior Citizen Benefit
IDFC FIRST offers 7.75% p.a. (+0.50% extra) for age 60+
RD Accumulation Schedule
| Year | Deposited To Date | Cumulative Interest | Closing Balance |
|---|---|---|---|
| Year 1 | ₹1,20,000 | ₹4,789 | ₹1,24,789 |
| Year 2 | ₹2,40,000 | ₹18,874 | ₹2,58,874 |
| Year 3 | ₹3,60,000 | ₹42,948 | ₹4,02,948 |
Rate Verification & Official Notice
7.25% p.a.
7.25% – 7.75% p.a.
fixed RateRBI Repo Linked / Card Rate
Senior Citizens: up to 7.75% p.a.Applicable Conditions & Eligibility Factors:
- Quarterly compounding on monthly instalments
- Auto-debit from IDFC FIRST account
Source: IDFC FIRST RD Rates Portal
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Quarterly compounding on monthly instalments.
- 2Automatic debit from IDFC FIRST account.
Key Factors Influencing Your Rate
- •Senior citizen 0.50% premium
- •Flexible standing instructions
Worked Numerical Example: IDFC FIRST Bank RD Calculator
Depositing ₹10,000 monthly for 3 years (36 instalments) at 7.25% p.a. quarterly compounding yields ₹4,02,948 at maturity on total deposits of ₹3,60,000, earning ₹42,948 in interest.
Frequently Asked Questions: IDFC FIRST Bank RD Calculator
- Minimum tenure for IDFC FIRST RD?
- 6 months.
- Can I open online?
- Yes, via IDFC FIRST Mobile app.