IndusInd Bank has launched the Green Fixed Deposit with an aim to help its customers earn high returns as well as contribute towards helping the environment.
The proceeds from the green fixed deposits will be utilised in various sectors that support the United Nations Sustainable Development Goals (SDGs).
A wide range of sectors such as renewable energy, agriculture, waste management, and more will be funded through these deposits.
IndusInd Bank Green Fixed Deposit comes with the following features and benefits:
Tenure | Interest Rates for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
7 days to 14 days | 3.50% | 4.00% |
15 days to 30 days | 3.50% | 4.00% |
31 days to 45 days | 4.00% | 4.50% |
46 days to 60 days | 4.50% | 5.00% |
61 days to 90 days | 4.60% | 5.10% |
91 days to 120 days | 4.75% | 5.25% |
121 days to 180 days | 5.00% | 5.50% |
181 days to 210 days | 5.85% | 6.35% |
211 days to 269 days | 6.00% | 6.50% |
270 days to 354 days | 6.25% | 6.75% |
355 days to 364 days | 6.25% | 6.75% |
1 year to below 1 year 6 months | 7.50% | 8.00% |
1 year 6 months to below 1 year 7 months | 7.75% | 8.25% |
1 year 7 months to below 2 years | 7.75% | 8.25% |
2 years up to 2 years 1 month | 7.75% | 8.25% |
Above 2 years 1 month to below 2 years 6 months | 7.75% | 8.25% |
2 years 6 months to below 2 years 9 months | 7.75% | 8.25% |
2 years 9 months to 3 years 3 months | 7.75% | 8.25% |
Above 3 years 3 months to below 61 months | 7.25% | 7.75% |
61 months and above | 7.00% | 7.50% |
Indus Tax Saver Scheme (5 years) | 7.25% | 7.75% |
Web application:
Through this method, non-IndusInd Bank customers can also open a Green Fixed Deposit. Given below are the steps to create a Green Fixed Deposit via web application:
Indus Net:
Given below are the steps to create a Green Fixed Deposit via Indus Net:
Indus Mobile:
Given below are the steps to create a Green Fixed Deposit via Indus Mobile:
The interest rates offered on the IndusInd Bank Green Fixed Deposit is up to 6.00% p.a.
Yes, an additional interest rate of 0.50% p.a. is offered to senior citizens.
Yes. You will be charged a penalty of 1.00% for premature withdrawal of your fixed deposit.
No. A Green Fixed Deposit can be opened by both IndusInd Bank customers and non-IndusInd Bank customers.
Credit Card:
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Fixed Deposit:
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