Archive · 9 Jan 2026
IDFC FIRST Bank Adjusts Savings Rates
IDFC FIRST Bank has changed the interest rates for its savings accounts.
Now, if you have less than Rs 1 lakh in your account, you will earn 3% interest.
If you have between Rs 1 lakh and Rs 10 lakh, you will earn 5% interest.
For amounts between Rs 10 lakh and Rs 10 crore, the interest rate is 6.50%.
Before, the rates were different.
For example, balances up to Rs 5 lakh earned 3%, and higher amounts earned more.
The bank says these changes will affect people with smaller and medium-sized salaries the most.
The new rates started on Friday, 5 December 2025.
IDFC FIRST Bank reduced interest rates on savings accounts and adjusted balance slabs.
New rates: 3% for balances below Rs 1 lakh, 5% for Rs 1 lakh to Rs 10 lakh, and 6.50% for Rs 10 lakh to Rs 10 crore.
Previous rates: 3% for balances up to Rs 5 lakh, 7% for Rs 5 lakh to Rs 5 crore, and 6.75% for Rs 5 crore to Rs 10 crore.
Changes impact small and mid-level salaried depositors the most.
Higher balance slabs' interest rates remain unchanged.
- Who
- IDFC FIRST Bank
- What
- Reduced interest rates and adjusted balance slabs for savings accounts
- When
- Changes effective from Friday, 5 December 2025
- Where
- India
- Why
- To revise the interest rate structure and impact small and mid-level salaried depositors
- New Rate for < Rs 1 Lakh
- 3%
- New Rate for Rs 1 Lakh - Rs 10 Lakh
- 5%
- New Rate for Rs 10 Lakh - Rs 10 Crore
- 6.50%
- Previous Rate for < Rs 5 Lakh
- 3%
- Previous Rate for Rs 5 Lakh - Rs 5 Crore
- 7%
- Previous Rate for Rs 5 Crore - Rs 10 Crore
- 6.75%
- Effective Date
- Friday, 5 December 2025
Sources
SBI, PNB, Bank of Baroda, HDFC Bank or ICICI Bank: 5-year FD rates compared – who pays most in 2026?
IDFC First Bank slashes savings account rates by up to 200 bps on select slabs
IDFC FIRST Bank lowers savings rates, tweaks balance slabs
