Federal vs IDFC First FD Rates October 2026

Federal offers up to 6.70% p.a. · IDFC First up to 7.10% p.a. · Side-by-side across all tenures, general & senior citizen rates.

FD Rate Comparison — All Tenures

Highlighted cells show the higher rate for each tenure. Dataset refreshed 1 Oct 2026.

1-year FD winner IDFC First 6.40% vs 6.50%
Tenure Federal IDFC First
GeneralSenior GeneralSenior
6 months 5.50% 6.00% 6.50% 6.75%
1 year 6.40% 6.90% 6.50% 6.75%
2 years 6.50% 7.00% 7.10% 7.35%
3 years 6.50% 7.00% 7.10% 7.35%
5 years 6.40% 6.90% 6.75% 7.00%

Rates for retail deposits below ₹3 crore. Senior citizen rate typically +0.25–0.50% p.a. Green cells show the higher general rate for each tenure. Calculate your maturity amount →

Which bank should you choose?

Both Federal and IDFC First are private sector banks with strong digital banking platforms and widespread branch networks. IDFC First holds a slim rate advantage right now. For most depositors the difference is modest; branch proximity and existing banking relationships are equally worth weighing.

This is informational only — always verify the current rate on the bank's official website and consult a financial adviser for personalised guidance.

About These Banks

Federal Bank

Type
Private Sector Bank
HQ
Aluva, Kochi
Est.
1931
Best FD rate
6.70% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Federal deposit rates →

IDFC First Bank

Type
Private Sector Bank
HQ
Mumbai
Est.
2015
Best FD rate
7.10% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
IDFC First deposit rates →

Frequently Asked Questions

Which bank gives a higher FD interest rate — Federal Bank or IDFC First Bank?

IDFC First Bank currently offers a higher maximum FD rate of 7.10% p.a., compared to 6.70% p.a. from Federal Bank (as of 1 Oct 2026).

What is Federal Bank's current 1-year FD interest rate?

Federal Bank offers 6.40% p.a. for general depositors on 1-year FDs, and 6.90% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Federal Bank's official website before investing.

What is IDFC First Bank's current 1-year FD interest rate?

IDFC First Bank offers 6.50% p.a. for general depositors on 1-year FDs, and 6.75% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on IDFC First Bank's official website before investing.

Are fixed deposits with Federal Bank and IDFC First Bank safe?

Yes. Both Federal Bank and IDFC First Bank are regulated by the Reserve Bank of India (RBI). Deposits at both banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5,00,000 per depositor per bank, covering principal and interest combined. Amounts above ₹5 lakh are not covered by deposit insurance.

Do Federal Bank and IDFC First Bank offer higher FD rates for senior citizens?

Yes, both banks offer additional interest for senior citizens (aged 60 and above), typically 0.25%–0.50% p.a. above the general rate. Federal Bank's 1-year senior rate: 6.90% p.a. IDFC First Bank's 1-year senior rate: 6.75% p.a.

What is the highest FD rate available between Federal Bank and IDFC First Bank?

The highest rate between the two is 7.10% p.a. from IDFC First Bank for the 500 days – 3 years tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).