IDFC First Bank FD Rates Effective From 16th April 2025; Check Card Rates For Domestic, NRE And NRO Deposits

Following the RBI's 25 basis point repo rate cut in April from 6.25% to 6.00%, IDFC First Bank successfully joined the FD rate cuts of major banks, including SBI, Axis Bank, Yes Bank, ICICI Bank, Kotak Mahindra Bank, Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank, Federal Bank, IDBI Bank, and HDFC Bank, by revising its fixed deposit (FD) rates for amounts under Rs 3 Cr. The most recent FD rates offered by IDFC First Bank go into effect on April 16, 2025.

IDFC First Bank FD Rates

The bank is currently giving a 3% interest rate on fixed deposits with a duration of 7 to 45 days, and an interest rate of 4.50% on those with a tenure of 46 to 180 days, according to IDFC First Bank. The interest rate offered by IDFC First Bank will now be 5.75% for FD tenures of 181 days to less than a year and 6.50% for tenures of one year. At IDFC First Bank, fixed deposits that mature in 1 year, 1 day to 370 days will now earn 7.00% interest, while those that mature in 371 days to 399 days will now earn 7.25%.

The interest rate currently given by IDFC First Bank is 7.00% for a fixed deposit duration of 501 days to 2 years and 7.50% for a fixed deposit period of 400 days to 500 days. IDFC First Bank now offers interest rates of 6.50% for fixed deposit tenures of two years, one day to three years, and 6.25% for tenures of three years, one day to ten years.

IDFC First Bank Q4 Business Updates

The business updates for the quarter and year ending March 31, 2025, have been made public by the bank. The bank's total business increased by 22.7% year on year, from Rs. 3,94,718 crore on March 31, 2024, to Rs. 4,84,394 crore on March 31, 2025. The bank's loans and advances grew by 20.3% YoY, from Rs. 2,00,965 crore on March 31, 2024, to Rs. 2,41,848 crore on March 31, 2025. According to IDFC First Bank, its customer deposits jumped 25.2% YoY, from Rs. 1,93,753 crore on March 31, 2024, to Rs. 2,42,546 crore on March 31, 2025. The CASA Ratio remained steady at 46.9% as of March 31, 2025, compared to 47.2% as of March 31, 2024, and 47.7% as of December 31, 2024, while the bank's CASA Deposits grew from Rs. 94,768 crore as of Q4FY24 to Rs. 1,18,260 crore as of Q4FY25, representing a YoY rise of 24.8%.

IDFC First Bank Q4FY25 Result Date

In order to review and approve the company's audited financial records for the year ending March 2025, IDFC FIRST BANK LIMITED has notified the exchange that a board meeting is scheduled for April 26, 2025.

IDFC First Bank News

At its meeting on April 17, the IDFC FIRST Bank Board of Directors authorized a preferential issue of equity capital (CCPS) to Currant Sea Investments B.V., a subsidiary of global growth investor Warburg Pincus LLC, for about Rs 4,876 crore, and to Platinum Invictus B 2025 RSC Limited, a fully owned subsidiary of the Abu Dhabi Investment Authority (ADIA) that is overseen by its Private Equities Department, for about Rs 2,624 crore. The proposed issues are subject to shareholder and regulatory approvals according to the bank.

Mr. V Vaidyanathan, Managing Director & CEO, IDFC FIRST Bank: "From day one, we have always built our foundation of the Bank with a long-term vision of building a world class bank in India. We are building a culture of empathy for customers and strive to offer highest levels of customer service. We are technologically advanced and continue to stay cutting-edge."

"The Bank has firmly moved into profits and is now at a pivotal stage, where our income growth is expected to consistently exceed OPEX growth, leading to improved operating leverage. We expect many businesses which are in the investment stage to turn profitable with scale. It is great to have Warburg Pincus back and to welcome a wholly owned subsidiary of ADIA as our shareholder. We thank them both for believing in us and our future growth plans and for investing in us even under volatile global situations. We believe only by building a strong, respected franchise loved by customers and supported by strong unit economics, we will deliver sustainable long-term returns to our stakeholders," he added.

Vishal Mahadevia, Managing Director, Head of Asia Private Equity, and Global Co-Head of Financial Services, Warburg Pincus, said, "We believe the Indian banking sector presents an exciting opportunity and is poised for long-term growth. At Warburg Pincus, we have a long track record of partnering with exceptional teams. We have known the IDFC First Bank team for over a decade dating back to their early days and have closely seen the build out of the bank. We are excited to re-invest behind the IDFC First Bank team to support them in the next phase of growth and sustainable ROE improvement."

Hamad Shahwan AlDhaheri, Executive Director of the Private Equities Department at ADIA, said, "IDFC First Bank has firmly established itself as one of India's leading private sector banks, backed by a seasoned management team. It has expanded both its technology and branch infrastructure over number of years and is well positioned for the future. This investment is aimed at supporting the bank's continued growth, enabling it to meet the rising demand for financial products in the country."