Deposits, Types of Bank Deposits Accounts | IDFC Bank



IDFC bank offers two types of deposits, fixed deposits and recurring deposits. So in case you are looking to invest a fixed amount for a particular period of time, you should consider fixed deposits. With Fixed deposits, you can get up to 8% interest rates for a period of 2 years and 1 day, with no penalties on early withdrawal. Recurring deposits, on the other hand, make it easier if you are looking to invest a particular amount on a monthly basis. With Recurring deposits, you can start just Rs. 2000 per month and a minimum tenure of 6 months and enjoy higher interest rates. There is no penalty in case you skip a payment for a month as well. So why wait? Apply now