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    IndusInd Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days Onwards
    3.5% - 8.25% Quarterly compounding
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    Response Time Within 30 minutes
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    NRI - FD
    Up to ₹1Cr
    1 Year Onwards
    7.25% - 7.75% Quarterly compounding
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    Response Time Within 30 minutes
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    IndusInd Bank Fixed Deposit Rates is Rated as "Excellent!" by 9 Users

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    How to find the best rates for IndusInd Bank Fixed Deposit

    IndusInd Bank is a private sector bank in India headquartered in Mumbai. Incorporated in 1994, it is one of the new generation private banks in India. It has specialised retail banking services owing to introduction of new technologies. IndusInd Bank has about 638 branches across 439 cities in the country

    Deposits starting from Rs. 1000 are accepted by IndusInd Bank which offers fixed deposit interest rates up to 9% per annum with interest compounded quarterly. For deposits with a tenure below 91 days, simple interest is calculated. If the consumer wants to reinvest the interest earned during a previous quarter, the same is added to the principal for interest calculation. Premature withdrawal of deposit attracts 1% penalty (FDs opened post August 1, 2008), 1% less than the card rate (FDs below Rs.15 lacs) or 1% less than the contracted rate. Tax is deducted at the source as per the income tax regulations.

    IndusInd Bank short term fixed deposits

    FDs held for under 30 days, the rate of interest offered is 4.50% per annum, compounded quarterly. For 270 days to less than 1 year, the interest rate is 7.50% per annum respectively (compounded quarterly).

    IndusInd Bank medium and long term fixed deposit rates

    For FDs ranging from 1 year to 5 years, IndusInd bank offers an interest rate of 7.75% per annum. This interest is also compounded every quarter. A tenure ranging from 5 years and above attracts a 7.50% interest rate (compounded quarterly).

    IndusInd Bank senior citizen fixed deposit rates

    For senior citizens (aged over 60 years), IndusInd Bank offers 0.50% higher interest rate over and above the aforementioned rates for deposits below Rs. 5 crore (excluding NRO deposits). If senior citizens wish to place deposits under high value deposits, the benefit of additional interest will not be available.

    Interest rates are subject to change and are denoted on a per annum basis. IndusInd Bank also offers loan upto 90% against fixed deposits. The applicable rate of interest on loan is 0.5% to 2% over the fixed deposit rate.


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    News About IndusInd Bank Fixed Deposit

    • Interest Rates Revised for IndusInd Bank

      There have been subsequent alterations to the banks’ fixed deposit rates across the country, owing to the repo rate cut initiated by RBI. IndusInd Bank’s term deposits have also been impacted. As of April 12, 2016, the bank has revised its rates of interest for deposits with varying tenures.

      Deposits with tenors 121 to 180 days; 181 to 210 days; and 61 months & above are computed at 7.25% per annum. There is a marginal increase in interest rate for the time slab 211 to 269 days, where the rate offered is 7.30% per annum. An interest of 7.50% per annum is offered on tenures 270 days to below 1 year; 1 year 2 months to below 2 years; 2 years to below 2 years 6 months; 2 years 9 months to below 3 years; and 3 years to below 61 months. The rate increase by a fraction of 0.25% can be seen for time periods 1 year to below 1 year 2 months and 2 years 6 months to below 2 years 9 months at 7.75% per annum.

      26th April 2016

    • IndusInd Bank Fixed Deposit Rates Drop

      There have been rate cuts from various banks over the past few months regarding the fixed deposit interest rates. IndusInd Bank has also joined in the rat race and issued rate changes in its term deposits for as low as 0.5%.

      There have been a couple of additions to the tenures in the fixed deposit schemes from the bank. Along the same lines, short term deposits under 30 days tenure now have a low of 3.50% and a high of 4.50% compared to the earlier rate of 5%. From a period of just over a month to just less than a year, rates have fallen substantially and the highest available rate for applicable tenures in the range is now 8.25% as compared to an earlier high of 9.1%. The lowest rate within the same tenure range is 5.50%. While longer tenures of deposits of 2 years and above for high value deposits above Rs. 15 lakhs still have rates of 9% and above, deposits below Rs. 15 lakhs can attract an interest rate of a maximum of 8.25% only.

      10th September 2015

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