IDFC First vs Yes FD Rates October 2026

IDFC First offers up to 7.10% p.a. · Yes up to 7.25% 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 Yes 6.50% vs 6.75%
Tenure IDFC First Yes
GeneralSenior GeneralSenior
6 months 6.50% 6.75% 6.00% 6.50%
1 year 6.50% 6.75% 6.75% 7.25%
2 years 7.10% 7.35% 7.00% 7.50%
3 years 7.10% 7.35% 7.00% 7.75%
5 years 6.75% 7.00% 6.75% 7.50%

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 IDFC First and Yes are private sector banks with strong digital banking platforms and widespread branch networks. Yes 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

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 →

Yes Bank

Type
Private Sector Bank
HQ
Mumbai
Est.
2004
Best FD rate
7.25% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Yes deposit rates →

Frequently Asked Questions

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

Yes Bank currently offers a higher maximum FD rate of 7.25% p.a., compared to 7.10% p.a. from IDFC First Bank (as of 1 Oct 2026).

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.

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

Yes Bank offers 6.75% p.a. for general depositors on 1-year FDs, and 7.25% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Yes Bank's official website before investing.

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

Yes. Both IDFC First Bank and Yes 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 IDFC First Bank and Yes 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. IDFC First Bank's 1-year senior rate: 6.75% p.a. Yes Bank's 1-year senior rate: 7.25% p.a.

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

The highest rate between the two is 7.25% p.a. from Yes Bank for the 18 months 1 day < 24 months tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).