IndusInd Bank Fixed Deposits Interest Rates

IndusInd bank fixed deposit

IndusInd bank fixed deposit

Indusind Bank Fixed Deposits offers attractive interest rates on Fixed Deposits (FDs) that starts from 3.25% p.a. to 6.50% p.a. for the general public and 3.75% to 7.00% p.a. to senior citizens. You can choose your interest payable to be monthly, quarterly, half-yearly, annually or at maturity as per your convenience.

Features And Benefits Of IndusInd Bank FD

Here are the features and benefits of IndusInd Bank Fixed Deposit Schemes

  • Flexible rates of interest
  • Special interest for senior citizens
  • Flexible tenure
  • Partial withdrawals are allowed
  • Flexibility for interest payouts
  • Nomination facilities
  • Auto renewal facilities

Eligibility Criteria

The following are the required eligibility criteria to invest in an IndusInd Bank Fixed Deposit Scheme:

  • Individuals
  • Sole proprietorships
  • HUFs
  • Limited companies
  • Partnership firms
  • Trusts
  • Associations
  • Societies
  • Clubs
  • Guardians of minors

Documents Required

The following documents are required to open FD account in IndusInd Bank:

  • Proof of Identity:

    • PAN card
    • Driving licence
    • Aadhaar card
    • Senior citizen ID (if applicable)
    • Photo ID card issued by the government
    • Passport
  • Proof of Address:

    • Utility bills such as electricity bill/ telephone bill
    • Passport
    • Bank statements

Type of IndusInd Bank Fixed Deposit Schemes

IndusInd Bank offers Fixed Deposit Schemes for the following categories:

  • Fixed Deposits for general public, NREs, and NROs
  • Fixed Deposits for senior citizens
  • IndusInd Tax Saver Scheme FD

Also Read: IndusInd Bank Personal Loan: For a Smooth Fiscal Life!

FD Interest Rates For Less than Rs.2 Crore – General Public

Tenure Interest rate for the general public (p.a.)
7 days – 14 days 2.75% p.a.
15 days – 30 days 3.00% p.a.
31 days – 45 days 3.50% p.a.
46 days – 60 days 3.65% p.a.
61 days – 90 days 3.75% p.a.
91 days – 120 days 4.00% p.a.
121 days – 180 days 4.50% p.a.
181 days – 210 days 4.75% p.a.
211 days – 269 days 5.00% p.a.
270 days – 354 days 5.50% p.a.
355 days – less than 1 year 5.50% p.a.
1 year – less than 1 year 6 months 6.00% p.a.
1 year 6 months – less than 1 year 7 months 6.00% p.a.
1 year 7 months – less than 2 years 6.00% p.a.
2 years – less than 2 years 6 months 6.50% p.a.
2 years 6 months – less than 2 years 9 months 6.50% p.a.
3 years – below 61 months 6.50% p.a.
61 month and above 6.00% p.a.

The interest rates are applicable from 01 June 2022.

Fixed Deposit Interest Rates For Less Than Rs.2 Crore – Senior Citizen

Tenure Interest rate for senior citizens (p.a.)
7 days – 14 days 3.25% p.a.
15 days – 30 days 3.50% p.a.
31 days – 45 days 4.00% p.a.
46 days – 60 days 4.15% p.a.
61 days – 90 days 4.25% p.a.
91 days – 120 days 4.50% p.a.
121 days – 180 days 5.00% p.a.
181 days – 210 days 5.25% p.a.
211 days – 269 days 5.50% p.a.
270 days – 354 days 6.00% p.a.
355 days – less than 1 year 6.00% p.a.
1 year – less than 1 year 6 months 6.50% p.a.
1 year 6 months – less than 1 year 7 months 6.50% p.a.
1 year 7 months – less than 2 years 6.50% p.a.
2 years – less than 2 years 6 months 7.00% p.a.
2 years 6 months – less than 2 years 9 months 7.00% p.a.
3 years – below 61 months 7.00% p.a.
61 month and above 6.50% p.a.

Note: The interest rates are applicable from 01 June 2022.

Also Read: Top 5 Tips of Getting a Loan At Your Doorstep

Fixed Deposit Interest Rates for Rs.2 Crore To Less Than Rs.5 crore – Premature Withdrawal Allowed

Tenure Interest rate for the general public (p.a.)
7 days – 14 days 2.75% p.a.
15 days – 30 days 3.00% p.a.
31 days – 45 days 3.50% p.a.
46 days – 60 days 3.60% p.a.
61 days – 90 days 4.00% p.a.
91 days – 120 days 4.10% p.a.
121 days – 180 days 4.50% p.a.
181 days – 210 days 4.75% p.a.
211 days – 269 days 5.10% p.a.
270 days – 354 days 5.25% p.a.
355 days – less than 1 year 5.25% p.a.
1 year – less than 1 year 6 months 5.50% p.a.
1 year 6 months – less than 1 year 7 months 5.60% p.a.
1 year 7 months – less than 2 years 5.60% p.a.
2 years – less than 2 years 6 months 5.75% p.a.
2 years 6 months – less than 2 years 9 months 5.75% p.a.
3 years – below 61 months 5.75% p.a.
61 month and above 5.50% p.a.

Note: The interest rates are applicable from 01 June 2022.

FD Interest Rates for Deposits of Rs.1 Crore To Less Than Rs.5 crore – Premature Withdrawal Not Allowed

Tenure Interest rate for the general public (p.a.)
7 days – 14 days 2.75% p.a.
15 days – 30 days 3.00% p.a.
31 days – 45 days 3.60% p.a.
46 days – 60 days 3.70% p.a.
61 days – 90 days 4.10% p.a.
91 days – 120 days 4.25% p.a.
121 days – 180 days 4.65% p.a.
181 days – 210 days 4.90% p.a.
211 days – 269 days 5.25% p.a.
270 days – 354 days 5.40% p.a.
355 days – less than 1 year 5.40% p.a.
1 year – less than 1 year 6 months 5.60% p.a.
1 year 6 months – less than 1 year 7 months 5.70% p.a.
1 year 7 months – less than 2 years 5.70% p.a.
2 years – less than 2 years 6 months 5.85% p.a.
2 years 6 months – less than 2 years 9 months 5.85% p.a.
3 years – below 61 months 5.85% p.a.
61 month and above 5.60% p.a.

Note: The interest rates are applicable from 01 June 2022.

Also Read: Home Loan EMI Calculator – The Best Tool To Simplify Your Planning!      

Final Word

IndusInd Bank offers additional FD interest rates for senior citizens and are usually 0.5% higher than the regular rates. Moreover, you can open an FD account online through their official website.

Having any queries? Do reach us at info@buddyloan.com