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GIFT City
Fixed Deposits
for Businesses
Unlock Global Opportunities with GIFT City Fixed Deposits at IDFC FIRST Bank
Overview
Take your financial strategy to the next level with GIFT City Fixed Deposits, tailored for entities seeking secure and rewarding international investment options. With the ability to hold deposits in USD, you gain access to global banking benefits while enjoying flexible tenures and highly competitive interest rates. These deposits are designed to help you optimise growth, enhance liquidity, and maintain financial stability in a dynamic global market. Partner with IDFC FIRST Bank to experience trusted service, seamless processes, and solutions that align with your international business needs. Read more
Why Businesses Should Choose
Gift City Fixed Deposits
Foreign Currency Deposits
Maintain deposits in USD for global financial flexibility. Protect your funds from currency volatility while earning competitive returns.
Flexible Tenures
Choose deposit periods ranging from 7 days to 5 years, tailored to your business’s need.
Competitive Interest Rates
Enjoy attractive rates designed to maximise your returns.
Premature Withdrawal
Close deposits early without any additional charges, offering complete convenience.
Digital Convenience
Book and liquidate deposits instantly and securely through our mobile app.
Auto-Renewal or Maturity Payout
Deposits can be set to auto-renew or paid out on maturity, giving you full control over your investment strategy.
Eligibility for GIFT City Corporate Fixed Deposit
Corporates, financial institutions, and other eligible entities as per GIFT City regulations.
Documents Required to Open a GIFT City Fixed Deposit for Businesses
Click here for the application form
Check for the list of required documents for Fixed Deposit booking.
• Entities Present in IBU
• Overseas entity
Interest Rates
Click here to view the GIFT City Fixed deposits rates.
How to Open a GIFT City Fixed Deposit for Your Business
Online: You can book a Fixed Deposit through Net Banking or our mobile app, write to us at service.gift@idfcfirstbank.com or reach out to your Relationship Manager to initiate the process.
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1
Choose the preferred fixed deposit amount, tenure, and foreign currency denomination
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2
Fill out the GIFT City fixed deposit application form
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3
Submit required KYC documents as per the constitution
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4
Complete the document verification
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5
Start earning returns on your foreign-currency deposits post approval
Offline: You can also visit the nearest IDFC FIRST Bank branch.
Tax Treatment of GIFT City Fixed Deposits for Businesses
GIFT City Fixed Deposits offer a tax-efficient investment options under IFSC for businesses
Interest earned on fixed deposits may qualify for tax exemptions, subject to applicable conditions
In many cases, interest income is exempt from withholding tax, improving post-tax returns
Deposits and returns are maintained in foreign currency, supporting efficient global wealth management
The favourable regulatory and tax regime at GIFT City enhances overall returns
Businesses should assess eligibility and consult tax advisors to ensure compliance and maximise tax benefits
GIFT City Fixed Deposit for Business FAQs
Can I prematurely withdraw my GIFT City FD?
Yes. Premature withdrawal is allowed. Currently, no penalty is charged. However, interest will be paid at the applicable rate for the actual tenure completed.
What currencies can I invest in for a GIFT City FD?
At present, GIFT City fixed deposits are available in US Dollar (USD) only.
What is the minimum and maximum amount I can invest?
A minimum deposit of 1000 USD is required to open GIFT City fixed deposits. While there is no defined upper limit, the amount must meet currency-specific norms. Please speak with your relationship manager for exact thresholds.