IndusInd Bank NRO/NRE/FCNR FD Rates
IndusInd Bank NRI fixed deposits are offered under the NRO, NRE and FCNR/RFC schemes, with tenures ranging from 7 days to 10 years. NRE and FCNR deposits are fully tax-exempt and freely repatriable, while NRO deposits are taxable in India with capped repatriation. Compare the latest IndusInd Bank NRI FD rates below to pick the right option.
IndusInd Bank NRO Fixed Deposit Rates Less than Rs.3 crore
IndusInd Bank's NRO fixed deposit rates for amounts of less than Rs.3 crore are as given below:
Tenure | Rate | Senior Citizen Rate (Not Applicable to NRO/NRE) |
7 days to 30 days | 3.25 | N/A |
31 days to 45 days | 3.50 | N/A |
46 days to 60 days | 4.50 | N/A |
61 days to 90 days | 4.75 | N/A |
91 days to 120 days | 5.00 | N/A |
121 days to 179 days | 5.00 | N/A |
180 days | 6.00 | N/A |
181 days to 210 days | 5.75 | N/A |
211 days to 269 days | 6.00 | N/A |
270 days to 364 days | 6.25 | N/A |
1 Year to below 1 Year 6 Months | 6.75 | N/A |
1 Year 6 Months to below 1 Year 7 Months | 6.90 | N/A |
1 Year 7 Months to below 2 Years | 6.90 | N/A |
2 Years to 3 Years | 7.00 | N/A |
Above 3 Years to below 61 Months | 6.65 | N/A |
61 Months and above | 6.50 | N/A |
Indus Tax Saver Scheme (5 years) | 6.65 | N/A |
Note: The interest rates are effective from 24 July 2026.
Interest earned on an IndusInd Bank NRO fixed deposit is taxable in India at 30% (plus applicable surcharge and cess), with tax deducted at source, and repatriation is capped at USD 1 million per financial year for bonafide purposes.
IndusInd Bank NRE Fixed Deposit Rates
IndusInd Bank's NRE fixed deposit rates for amounts of less than Rs.3 crore is as given below:
Tenure | Rate | Senior Citizen Rate (Not Applicable to NRO/NRE) |
7 days to 30 days | 3.25 | N/A |
31 days to 45 days | 3.50 | N/A |
46 days to 60 days | 4.50 | N/A |
61 days to 90 days | 4.75 | N/A |
91 days to 120 days | 5.00 | N/A |
121 days to 179 days | 5.00 | N/A |
180 days | 6.00 | N/A |
181 days to 210 days | 5.75 | N/A |
211 days to 269 days | 6.00 | N/A |
270 days to 364 days | 6.25 | N/A |
1 Year to below 1 Year 6 Months | 6.75 | N/A |
1 Year 6 Months to below 1 Year 7 Months | 6.90 | N/A |
1 Year 7 Months to below 2 Years | 6.90 | N/A |
2 Years to 3 Years | 7.00 | N/A |
Above 3 Years to below 61 Months | 6.65 | N/A |
61 Months and above | 6.50 | N/A |
Indus Tax Saver Scheme (5 years) | 6.65 | N/A |
Note: The interest rates are effective from 24 July 2026.
An IndusInd Bank NRE fixed deposit must be held for a minimum of one year to earn interest no interest is paid if it is withdrawn before completing one year — and both the principal and interest remain fully and freely repatriable.
IndusInd Bank FCNR/RFC Deposit rates
IndusInd Bank's FCNR/RFC fixed deposit rates are as given below:
Period / Currency | USD < 1 Mio | USD 1 Mio < 10 Mio | USD 10 Mio < 25 Mio | USD 25 Mio & Above | GBP < 1 Mio | GBP 1 Mio & Above | EUR | JPY | CAD | AUD |
1 year < 2 years | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 2.45 | 0.01 | 2.25 | 4.45 |
2 years < 3 years | 4.25 | 4.25 | 4.25 | 4.25 | 4.25 | 4.25 | 0.01 | 0.01 | 0.01 | 0.01 |
3 years < 4 years | 3.50 | 3.50 | 3.50 | 3.50 | 3.50 | 3.50 | 0.01 | 0.01 | 0.01 | 0.01 |
4 years < 5 years | 3.50 | 3.50 | 3.50 | 3.50 | 3.50 | 3.50 | 0.01 | 0.01 | 0.01 | 0.01 |
5 years | 3.50 | 3.50 | 3.50 | 3.50 | 3.50 | 3.50 | 0.01 | 0.01 | 0.01 | 0.01 |
Note: The interest rates are effective from 1 September 2026.
RFC Deposit Rates
IndusInd Bank's RFC (Resident Foreign Currency) deposit rates are as given below:
Period / Currency | USD | GBP | EUR |
1 year < 2 years | 4.00 | 4.00 | 2.45 |
2 years < 3 years | 4.25 | 4.25 | 0.01 |
Note: The interest rates are effective from 1 September 2026.
Summary
IndusInd Bank offers NRO, NRE and FCNR/RFC fixed deposits for NRIs, with tenures from 7 days to 10 years depending on the scheme. NRE and FCNR deposits are tax-exempt and fully repatriable, while NRO deposits are taxable with capped repatriation, so the right choice depends on the source of funds. Compare the latest IndusInd Bank NRI FD rates above before opening a deposit.
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FAQs on Indusind Bank NRI Fixed Deposit
1.What is an IndusInd Bank NRI fixed deposit?
An IndusInd Bank NRI fixed deposit is a term deposit that Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can open to earn interest on their India-based or overseas income. IndusInd Bank offers NRO, NRE and FCNR/RFC fixed deposits, each suited to a different source of funds.
2.What types of NRI fixed deposits does IndusInd Bank offer?
IndusInd Bank offers NRO (Non-Resident Ordinary), NRE (Non-Resident External) and FCNR/RFC (Foreign Currency Non-Resident/Resident Foreign Currency) fixed deposits. NRO deposits hold income earned in India, NRE deposits hold foreign earnings converted to rupees, and FCNR/RFC deposits are held in foreign currency.
3.What is the difference between an NRO and an NRE fixed deposit with IndusInd Bank?
An IndusInd Bank NRO fixed deposit holds income earned in India and its interest is taxable, while an NRE fixed deposit holds foreign earnings and its interest is fully tax-exempt in India. NRE deposits also allow full repatriation of both principal and interest, whereas NRO repatriation is subject to RBI limits.
4.Who is eligible to open an IndusInd Bank NRI fixed deposit?
Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) are eligible to open an IndusInd Bank NRI fixed deposit. Applicants can choose an NRO, NRE or FCNR/RFC deposit depending on the source and currency of their funds.
5.What is the minimum tenure for an IndusInd Bank NRI fixed deposit?
The minimum tenure for an IndusInd Bank NRO fixed deposit is 7 days, while NRE and FCNR/RFC deposits must be held for a minimum of 1 year. The right tenure depends on the type of NRI FD chosen and the depositor's liquidity needs.
6.What is the maximum tenure for an IndusInd Bank NRI fixed deposit?
The maximum tenure for an IndusInd Bank NRI fixed deposit is 10 years across the NRO, NRE and FCNR/RFC schemes. A longer tenure locks in the applicable rate for the full deposit period.
7.Is interest on an IndusInd Bank NRO fixed deposit taxable?
Yes, interest earned on an IndusInd Bank NRO fixed deposit is taxable in India and is subject to tax deduction at source. This differs from NRE and FCNR deposits, whose interest is fully exempt from tax in India.
8.Is interest on an IndusInd Bank NRE fixed deposit taxable?
No, interest earned on an IndusInd Bank NRE fixed deposit is fully exempt from tax in India. However, no interest is paid if the NRE deposit is withdrawn before it completes one year.
9.Can I repatriate funds from my IndusInd Bank NRI fixed deposit?
Funds in an IndusInd Bank NRE or FCNR/RFC fixed deposit are fully and freely repatriable, covering both principal and interest. Repatriation from an NRO fixed deposit is allowed only up to the limit set by RBI guidelines for bonafide purposes.
10.How is interest calculated on an IndusInd Bank NRI fixed deposit?
Interest on an IndusInd Bank NRI fixed deposit is compounded quarterly across the NRO, NRE and FCNR/RFC schemes. The applicable rate depends on the deposit type, currency and the tenure chosen.
11.In which currencies can I open an IndusInd Bank FCNR or RFC deposit?
An IndusInd Bank FCNR deposit can be opened in USD, GBP, EUR, JPY, CAD or AUD, while an RFC deposit is available in USD, GBP and EUR. Both are held in foreign currency rather than Indian rupees.
12.Is premature withdrawal allowed on the Indus Tax Saver Deposit Scheme?
No, the Indus Tax Saver Deposit Scheme offered under IndusInd Bank's NRO fixed deposit does not allow premature withdrawal. Depositors should be certain about the lock-in tenure before opting for this scheme.
13.Can I apply for an IndusInd Bank NRI fixed deposit through internet banking?
Yes, IndusInd Bank NRI account holders can apply for an IndusInd Bank fixed deposit through internet banking. This lets depositors open and manage their NRI FD without visiting a branch.
14.What happens if I withdraw an IndusInd Bank FCNR deposit before maturity?
No interest is paid if an IndusInd Bank FCNR deposit is withdrawn before it completes one year. After one year, interest is paid for the period the deposit was actually held, reduced by a premature withdrawal penalty.
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