IndusInd Bank has revised the interest rates on fixed deposits (FDs) under Rs 3 crore. According to the bank’s official website, the new rates are effective from July 3, 2024.
Read More: SBI home loan: Latest interest rate, benefit, EMI, tenure; all that you need to know
IndusInd Bank FD interest rates revised: Latest FD rates for general citizen
The bank offers a fixed deposit interest rate between 3.50% and 7.75% for general citizens for FD tenures ranging from 7 days to 10 years. The highest interest rate of 7.75% is offered on FDs maturing between 1 year to 2 years.
Read More: Bandhan Bank Rises 2% On Robust Growth In Q1 Loans, Deposits; What Should Investors Do?
Latest FD rates for general citizen
| Less than 3 Cr* (Domestic /NRO/NRE deposits) | |
| Tenure | Rate |
| 7 days to 14 days | 3.5 |
| 15 days to 30 days | 3.5 |
| 31 days to 45 days | 3.75 |
| 46 days to 60 days | 4.75 |
| 61 days to 90 days | 4.75 |
| 91 days to 120 days | 4.75 |
| 121 days to 180 days | 5 |
| 181 days to 210 days | 5.85 |
| 211 days to 269 days | 6.1 |
| 270 days to 354 days | 6.35 |
| 355 days to 364 days | 6.5 |
| 1 Year to below 1 Year 3 months | 7.75 |
| 1 Year 3 months (15 months) to below 1 Year 4 months (16 months) | 7.75 |
| 1 Year 4 months to below 1 Year 6 months | 7.75 |
| 1 Year 6 Months up to 2 Years | 7.75 |
| Above 2 Years to below 2 Years 6 Month | 7.25 |
| 2 years 6 Months (30 months) to below 2 years 7 months (31 months) | 7.25 |
| 2 year 7 months to 3 years 3 months | 7.25 |
| Above 3 years 3 months to below 61 month | 7.25 |
| 61 month and above | 7 |
| Indus Tax Saver Scheme (5 years) | 7.25 |
Note that interest is compounded quarterly. Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days.
Read More: Budget 2024: How incentives from Modi 3.0 govt could shape affordable housing in 2025
IndusInd Bank FD interest rates revised: Latest FD rates for senior citizen
According to the Indusind website, “*Please note the additional 0.50% over and above card rates are applicable for Term Deposits of Senior Citizens (age 60 years and above) for value below Rs. 3 Cr (Callable) (Not applicable for NRO/NRE Deposits).”
The bank offers a fixed deposit interest rate between 4% and 8.25% for senior citizens for FD tenures ranging from 7 days to 10 years. The highest interest rate of 8.25% is offered on FDs maturing between 1 year to 2 years.
| Less than 3 Cr* (Senior Citizen) | |
| Tenure | Rate |
| 7 days to 14 days | 4 |
| 15 days to 30 days | 4 |
| 31 days to 45 days | 4.25 |
| 46 days to 60 days | 5.25 |
| 61 days to 90 days | 5.25 |
| 91 days to 120 days | 5.25 |
| 121 days to 180 days | 5.5 |
| 181 days to 210 days | 6.35 |
| 211 days to 269 days | 6.6 |
| 270 days to 354 days | 6.85 |
| 355 days to 364 days | 7 |
| 1 Year to below 1 Year 3 months | 8.25 |
| 1 Year 3 months (15 months) to below 1 Year 4 months (16 months) | 8.25 |
| 1 Year 4 months to below 1 Year 6 months | 8.25 |
| 1 Year 6 Months up to 2 Years | 8.25 |
| Above 2 Years to below 2 Years 6 Month | 7.75 |
| 2 years 6 Months (30 months) to below 2 years 7 months (31 months) | 7.75 |
| 2 year 7 months to 3 years 3 months | 7.75 |
| Above 3 years 3 months to below 61 month | 7.75 |
| 61 month and above | 7.5 |
| Indus Tax Saver Scheme (5 years) | 7.75 |
