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IndusInd Bank Recurring Deposit Interest Rates 2020

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Two different Recurring Deposit (RD) schemes are offered by IndusInd Bank. Apart from the regular recurring deposit, a Value Added Recurring Deposit is also offered. The process to open an RD account is very simple as well.

Recurring Deposit: The regular RD account offered by IndusInd Bank comes with a tenure ranging between 12 months and 120 months. The minimum amount that must be deposited to open a regular RD account is Rs.500. Under the regular RD account, premature closure and nomination facility is available.

Value Added Recurring Deposit: A collaboration between IndusInd Bank Limited and Thomas Cook, India, with the main aim of providing a savings plan for holiday goers is the Value Added Recurring Deposit. Under this RD, the holiday must be scheduled at least 12 months in advance. Based on the package, the monthly deposit that must be made will vary. Once the RD matures, the amount that is available will be provided to Thomas Cook to execute the holiday package.

Recurring Deposit Interest Rates offered by IndusInd Bank

Listed below are the tenure and interest rates offered by IndusInd Bank on recurring deposits:

Deposit Tenure Interest rate for General Citizens (p.a.) Interest rate for Senior citizens (p.a.)
12 months 7.25 7.75
15 months 7.25 7.75
18 months 7.25 7.75
21 months 7.25 7.75
24 months 7.25 7.75
27 months 7.25 7.75
30 months 7.25 7.75
33 months 7.25 7.75
3 years and above but less than 5 years 7.15 7.65
5 years and above 7.05 7.55

IndusInd Bank Short-Term Recurring Deposit Interest Rates

Short-term Recurring deposits are those which has a deposit that ranges from six months to 2 years. The interest offered to general citizens by IndusInd Bank for short-term RDs is in the range of 7.60% to 7.75% p.a. while senior citizens are offered up to 8.25% p.a.

IndusInd Bank Medium-Term Recurring Deposit Interest Rates

Recurring deposits having a tenure above 2 years and up to 5 years fall under the bracket of medium-term recurring deposits. The rate of return offered by the bank is in the range of 7.35% p.a. to 7.75% p.a. for general citizens. Citizens who fall under the category of senior citizens can avail interest between 7.85% p.a. and 8.25% p.a. for opening a medium-term RD with IndusInd bank.

IndusInd Bank Long-Term Recurring Deposit Interest Rates

RDs having a tenure that is more than 5 years are known as long-term RDs. The interest offered on those RDs is 7.25% p.a. Senior citizens avail additional interest of 0.50% p.a. just like on other tenures. Under long-term RDs, the maximum tenure offered by IndusInd bank is 10 years.

More you need to know about Recurring Deposit

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News About IndusInd Bank Recurring Deposit Interest Rates

  • IndusInd Bank Revised Recurring Deposit Interest Rates

    IndusInd Bank offers three RD schemes namely Regular Recurring Deposit, Flexi Recurring Deposit and the Young Saver Deposit. The deposit period starts from 12 months and can go up to 10 years. General Citizens attract an interest rate of 7.75% p.a for a tenure of 12 months while senior citizens get 8.25% p.a. For tenures ranging from 15 months to less than 5 years, the interest rate currently stands at 7.50% p.a for general account holders and 8% per annum for senior citizens. For deposit periods ranging from 5 years to 10 years, the interest rate is 7.25% p.a and 7.75% per annum for general and senior citizens respectively.

    18 July 2016

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Indusind Bank RD Rates Reviews

Page 1 of 1
  • IndusInd Bank Recurring Deposit
    "Best interest in the market"
    0.5 5.0/5 "Blown Away!"
    I have recurring deposit with Indusind, best part they give more interest compared to other bank. We can deposit minimum amount of Rs.1000 to 1 lakh per month it has the duration of one year then we can extend it. The online transaction is good to transfer the money.
    Was this review helpful? 3
    , jaipur
    Reviewed on May 17, 2019
  • IndusInd Bank
    IndusInd Bank Recurring Deposit
    "Good rate for RD"
    0.5 2.5/5 "Just OK"
    Induslind bank is giving 8.5% interest rate for recurring deposit for the minimum lock in period for one year. There is no activation charges. We can withdraw the amount there is no penalty . I visited the bank to avail the service and the process was completed on the same day.
    Was this review helpful? 16
    , guwahati
    Reviewed on Mar 11, 2016
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