The headquarters of IDFC Bank is in Mumbai and it began operating on 1st October in 2015 after getting a global banking license from the Reserve Bank of India in July, 2015. At the moment, the bank is an integral part of the banking company IDFC. On the 6th of November 2016, besides the National Stock Exhange, it was also listed on the Bombay Stock Exchange. However, the incorporation of the first registered office in Chennai dates back to 1997, on the 30th of January. The commencement of operations then began from 9th June of the same year.
After getting registered with the Reserve Bank of India as a non-banking financial institution in 1998, the official transformation of the bank into a Public Financial Institution took place within the following year. On 19th October in 2015, Prime Minister of India, Narendra Modi officially launched IDFC Bank.
At loanbaba.com, we will share updated information about best fixed deposit rates, FD India schemes of the bank and IDFC Bank FD rates over all tenures for fixed deposit and term deposit. You will also come to know about popular FD rates, India by the bank for 2017 and FD interest rates that are the highest.
A fixed deposit is an account where one deposits funds for a given period of time with the same interest rate over the tenure. Now the rate of interest depends on the duration of the tenure in the case of a fixed deposit. At IDFC Bank, the lowest rate of interest for a fixed deposit account is 4%.
This is on the condition that the duration of the fixed deposit is somewhere between seven to fourteen days. The maximum rate of interest given at IDFC Bank is 7.50%, which is feasible when the tenure lasts from 732 days to as long as ten years.