IndusInd Bank, is a well-known private sector bank based in Mumbai. The bank offers competitive interest rates on Fixed Deposits (FDs) that range from 3.50% p.a. to 7.65% p.a for regular deposit holders. For senior citizens, the rate of interest offered is around 4.00% p.a. to 8.15% p.a.
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 various cities in the country.
Given below is a list of revised interest rates offered by IndusInd Bank on both regular and senior citizen term deposits with effect from 1st June, 2018:
Regular Interest Rates (per annum)
Senior Citizen Interest Rates (per annum)
7 days to 14 days
15 days to 30 days
31 days to 45 days
46 days to 60 days
61 days to 90 days
91 days to 120 days
121 days to 180 days
181 days to 269 days
270 days to 364 days
1 year to below 1 years 2 months
1 year 2 months to less than 2 years
2 years to less than 3 years
3 years to less than 61 months
More than 61 months
*Interest rates are subject to change and will be revised by the bank from time to time
IndusInd short-term deposit rates
There are a number of short-term term deposit options available to IndusInd customers.
The interest rate offered in this slab ranges from 3.50% p.a. to 7.00% p.a, which is the best rate paid for deposits in this time range.
Those who are looking to gain returns in a short span of time and do not want to lock-in their funds can choose this type of tenure range.
The most high-yielding interest rate here is 7.00% p.a. for 270 days to 364 days.
IndusInd medium-term & long-term deposit rates
The interest rate in this slab ranges from 7.00% p.a. to 7.65% p.a.
The highest rate of interest is offered for a time period that ranges from 1 year to below 1 years 2 months, where the rate paid is 7.65% p.a.
For 1 year 2 months to less than 2 years, the applicable rate is 7.40% p.a. And for 2 years to less than 3 years, the rate paid is 7.25% p.a.
This slab can be chosen by those who want to make a long-term commitment, have savings goals or just want to safely put away their money and keep it away from their savings account in order to avoid the temptation of spending.
IndusInd senior citizen deposit rates
IndusInd deposits are a very highly-paying investment for those above 60 years of age because they can avail an additional interest rate of 0.50% p.a.
A high interest rate of 8.15% p.a. is paid to those who put in money for a duration of 1 year to below 1 years 2 months.
When it comes to short-term deposit schemes, a competitive interest rate of 7.00% is paid for 121 days to 180 days.
A deposit rate of 7.90% p.a. is also paid for an investment period of 1 year 2 months to less than 2 years and 7.75% p.a. for 2 years to less than 3 years.
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Paytm Payments Bank enters into a partnership with IndusInd bank
As per a new development between Paytm Partnership Bank and IndusInd Bank, a Fixed deposit will be automatically created if the account balance of a customer exceeds Rs. 1 lakh at the end of the day. The FD which will be opened with IndusInd bank. The MD and CEO of Paytm Payments Bank stated that as majority of people in the country prefer safer investment options, the development will help them in less paperwork, instant redemption and no charges. It needs to be mentioned that customers can redeem the deposits at any time without needing of paying any foreclosure charges.
5 January 2018
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.
26 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.
I have opened a fixed deposit with Indusind bank. The customer services and response is good and they are offering a good rate of interest. The customer services and response is good. It was easy to open this account and there were no charges taken for the same.
I have opened a Fixed deposit with Indusind bank.The minimum a maintain 50,000 in year.i feel its a best investment for the customers as I get the best interest rate.I have been banking with them for last five years.I am happy banking with them.
I do have the Indusind bank fixed deposit account and within a day of time the account got opened. I would like to say that the response is good one for me with them and their customer service is also fine one with them.
With INDUDIND, I am holding a NRE so based on which they offered a NRE rate. This was opened and closed. This request was placed online no challenges nor any issues. I did not get any tax benefit for this FD. It was opened on the basis of NRE....
I visited the Induslind bank branch to open the Fixed deposit which was given with 9% interest rate for the minimum lock in period of one year. But, they took ten days to activate the plan. The minimum amount to start the plan is Rs.50,000. We can liquid the cash any time after three months for the plan.
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SAMPATH KANTE KUMAR
Reviewed on May 14, 2016
Induslind bank is giving 6% above interest rate for the fixed deposit. Minimum lock in period one year maximum up to 15 years. We can start he plan with one lakhs rupees. . I took the plan by visiting the bank directly.
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MANISH JIWAN KAWADE
Reviewed on Jan 20, 2016
The service provided was quite average with Indusind Bank based on the fixed deposit.They have provided any information about my account.Its been 15days for getting a deposit.They have opened a saving account but I acutally applied for a fixed deposit with them.
Recently eight months ago I have taken fixed deposit with IndusInd bank and rate of interest is high comparatively. In addition to that for FD holders, the bank is offering loan and other good facilities. At times response is poor thus they have to look on to that. Rate is only simple rate where will get at the end of the term period.
I am holding a INDUS IND FD and I would say its perfect . Customer service offered by them was really good. They will come to my place at any point of time. They are always ready to help the customers.Interest rate offered by them is really good. I have taken that for 6 years.
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GIRRAJ PRASAD SHARMA
Reviewed on Jan 17, 2015
I am holding a fixed deposit with INDUS IND bank. It was very easy to open this deposit. It was opened at the Branch with the help of pan card and election id. Off course, the rate of interest offered by them was competitively less. No charges being charged for opening this account. I can access this account online. I am happy with the returns as well.
With Indusind bank, I did open fixed deposit before 6 months. Interest rate is 11% which is quite impressive. Through my net banking, I would do the deposit. At the time of maturity, I get the principal amount along with quarterly compounding rate
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Reviewed on Dec 13, 2014
Absolutely IndusInd bank is excellent in service and in all the aspects. IndusInd is the only bank which provides good and high interest rate on Fixed deposit as well they are best in technology. I availed FD for tenure of 13 months and the amount is 5lakhs. Interest rate on FD is around 9.5% and they are giving compound interest which would be accumulated in quarterly basis.
I have open Fixed deposit in Indusind BankLtd an i have good experience with the bank as i have earned rate of interest of 9.00 percent on my amount and fell blessed after earning that amount with was idle on my account. I suggest everyone to open at least on Fixed deposit.
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