IDFC First Bank Revises Savings Account Interest Rates from January 9, 2026
Personal Finance
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CNBC Awaaz•09-01-2026, 15:30
IDFC First Bank Revises Savings Account Interest Rates from January 9, 2026
- •IDFC First Bank has updated its savings account interest rates, effective January 9, 2026.
- •The bank maintains a progressive interest rate structure, offering 3% on up to 1 lakh rupees.
- •Balances between 1 lakh and 10 lakh rupees will earn 5% interest.
- •The highest rate of 6.5% applies to amounts from 10 lakh to 10 crore rupees.
- •Interest is calculated daily on the end-of-day balance and credited monthly, as per RBI guidelines.
Why It Matters: IDFC First Bank revised savings interest rates, offering higher returns for larger balances with a progressive structure.
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