IndusInd Bank offers competitive interest rates on Fixed Deposits (FDs) that range from 3.75% p.a. to 7.75% p.a. for regular deposit holders. For senior citizens, the rate of interest offered is from 4.25% p.a. to 8.25% p.a. IndusInd bank gives you a various option of Fixed Deposit schemes, Interest payable monthly, quarterly, half yearly, annually or at maturity as per your convenience.
Incorporated in 1994, IndusInd Bank 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.
| Tenure | Interest rate for genral public (p.a.) | Interest rate for senior citizens (p.a.) |
|---|---|---|
| 7 days to 14 days | 4.00% | 4.50% |
| 15 days to 30 days | 4.25% | 4.75% |
| 31 days to 45 days | 5.25% | 5.75% |
| 46 days to 60 days | 5.75% | 6.25% |
| 61 days to 90 days | 5.80% | 6.30% |
| 91 days to 120 days | 5.90% | 6.40% |
| 121 days to 180 days | 5.95% | 6.45% |
| 181 days to 210 days | 6.35% | 6.85% |
| 211 days to 269 days | 6.40% | 6.90% |
| 270 days or below 1 years | 6.50% | 7.00% |
| 1 Years to 2 Years | 7.25% | 7.75% |
| 2 Years to 3 Years | 7.25% | 7.75% |
| 3 years to below 61 month | 7.15% | 7.65% |
| 61 month and above | 7.05% | 7.55% |
Note: The interest rates are applicable w.e.f. 20 December 2019.
| Tenure | Interest rate for genral public (% p.a.) |
|---|---|
| 1 Years to 1 Years 2 Months | 7.25% |
| Above 1 Years 2 Months to 1 Years 4 Months | 7.25% |
| Above 1 Years 4 Months to below 2 Years | 7.25% |
| 2 years to below 2 years 9 Months | 7.25% |
| 2 years 9 Months to below 3 years | 7.25% |
| 3 years to below 61 month | 7.15% |
| 61 month and above | 7.05% |
Note: The interest rates are applicable w.e.f. 20 December 2019. Additional interest rate for senior citizens is not applicable for NRE fixed deposits.
| Tenure | Interest rate for genral public (% p.a.) |
|---|---|
| 7 days to 14 days | 4.25% |
| 15 days to 30 days | 4.50% |
| 31 days to 45 days | 5.50% |
| 46 days to 60 days | 5.80% |
| 61 days to 90 days | 5.85% |
| 91 days to 120 days | 6.05% |
| 121 days to 180 days | 6.10% |
| 181 days to 210 days | 6.40% |
| 211 days to 269 days | 6.45% |
| 270 days or below 1 years | 6.65% |
| 1 Years to 2 years | 7.15% |
| 2 Years to 3 years | 7.15% |
| 3 years to below 61 month | 7.05% |
| 61 month and above | 7.05% |
Note: The interest rates are applicable w.e.f. 20 December 2019. The minimum amount for FD booking should be Rs.10,000.
The FD rates for IndusInd Bank deposits against specific foreign currency are as follows:
| Tenure | IndusInd Bank FCNR (B) FD rate p.a. | |||||
|---|---|---|---|---|---|---|
| USD | GBP | EUR | JPY | CAD | AUD | |
| 1 Year to 2 Years | 3.22% | 1.55% | 0.01% | 0.01% | 2.15% | 0.77% |
| 2 Years to 3 Years | 2.95% | 1.75% | 0.01% | 0.01% | 1.94% | 0.76% |
| 3 Years to 4 Years | 2.60% | 1.55% | 0.01% | 2.95% | 1.92% | 0.88% |
| 4 Years to 5 Years | 2.45% | 1.60% | 0.01% | 0.01% | 1.91% | 0.91% |
| 5 Years Only | 2.40% | 1.70% | 0.01% | 2.95% | 1.91% | 0.96% |
Note: The interest rates are applicable w.e.f. 20 December 2019.
Read more about: Steps to apply for IndusInd Bank Fixed Deposit
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
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
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.
10 September 2015
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