Fixed Deposit is a popular long-term savings scheme that allows investors to use it to grow their savings. IndusInd Bank fixed deposits, with attractive interest rates, offer a secure investment option for general investors and senior citizens. The current annual IndusInd Bank FD rates range from 3.50% to 7.25% for the general public and 4.25% to 8.25% for senior citizens. All Indian individuals, minors, senior citizens, private firms, NGOs, clubs, and other associations can invest in IndusInd bank FDs.
IndusInd Bank FD Rates (Below 2 Crores)
Below is a table with IndusInd Bank FD interest rates for various tenures, applicable to the general public and senior citizens, for domestic deposits/NRO/NRE of less than ₹2 crore.
| IndusInd FD Tenure | Interest Rate for General Public (% p.a.) |
Interest Rate for Senior Citizens (%p.a.) |
|---|---|---|
| 7 days to 14 days | 3.50 | 4.25 |
| 15 days to 30 days | 3.50 | 4.25 |
| 31 days to 45 days | 3.75 | 4.50 |
| 46 days to 60 days | 4.25 | 5.00 |
| 61 days to 90 days | 4.60 | 5.35 |
| 91 days to 120 days | 4.75 | 5.50 |
| 121 days to 180 days | 5.00 | 5.75 |
| 181 days to 210 days | 5.85 | 6.60 |
| 211 days to 269 days | 6.10 | 6.85 |
| 270 days to 354 days | 6.35 | 7.10 |
| 355 days to 364 days | 6.35 | 7.10 |
| 1 Year to below 1 Year 6 Months | 7.50 | 8.25 |
| 1 Year 6 Months to below 1 Year 7 Months | 7.50 | 8.25 |
| 1 Year 7 months up to 2 Years | 7.50 | 8.25 |
| Above 2 Years up to 2 Years 1 Month | 7.25 | 8.00 |
| Above 2 Years 1 Month to below 2 years 6 Months | 7.25 | 8.00 |
| 2 years 6 Months to below 2 years 9 Months | 7.25 | 8.00 |
| 2 years 9 Months to 3 years 3 months | 7.25 | 8.00 |
| Above 3 years 3 months to below 61 months | 7.25 | 8.00 |
| 61 months and above | 7.00 | 7.75 |
| Indus Tax Saver Scheme (5 years) | 7.25 | 8.00 |
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*Note-- Compound interest is applied every quarter, and for deposits with a tenure of up to 180 days, simple interest will be paid upon maturity.
- NRE deposit rates are applicable only for Tenure 1 year onwards. No Interest will be paid out for NRE FDs if closed before 1 Year of completion.
IndusInd Bank Fixed Deposit Rates (Above 2 Crores)
The table below presents IndusInd Bank fixed deposit rates and tenures for domestic, NRO, and NRE deposits ranging from over ₹2 crores to less than 5 crores, applicable to both general and senior citizens.
| IndusInd FD Tenure | Interest Rate for General Public (% p.a.) |
Interest Rate for Senior Citizens (%p.a.) |
|---|---|---|
| 7 days to 14 days | 4.90 | 5.55 |
| 15 days to 30 days | 5.00 | 5.65 |
| 31 days to 45 days | 5.50 | 6.15 |
| 46 days to 60 days | 5.75 | 6.40 |
| 61 days to 90 days | 6.25 | 6.90 |
| 91 days to 120 days | 6.75 | 7.40 |
| 121 days to 180 days | 6.90 | 7.55 |
| 181 days to 210 days | 7.00 | 7.65 |
| 211 days to 269 days | 7.00 | 7.65 |
| 270 days or 354 days | 7.10 | 7.75 |
| 355 days or 364 days | 7.10 | 7.75 |
| 1 Year to below 1 Year 6 Months | 7.35 | 8.00 |
| 1 Year 6 Months to below 1 Year 7 Months | 7.20 | 7.85 |
| 1 Year 7 Months up to 2 Years | 7.20 | 7.85 |
| Above 2 Years up to 2 Years 1 Month | 7.20 | 7.85 |
| Above 2 years 1 month to below 2 years 6 Months | 7.20 | 7.85 |
| 2 years 6 Months to below 2 years 9 Months | 7.20 | 7.85 |
| 2 years 9 Months up to 3 years 3 months | 7.20 | 7.85 |
| Above 3 years 3 months to below 61 months | 7.10 | 7.75 |
| 61 months and above | 7.00 | 7.65 |
| Indus Tax Saver Scheme (5 years) | NA | NA |
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- *Interest is compounded quarterly, and simple interest is paid upon maturity for deposits with a tenure of up to 180 days.
- NRE deposit rates apply only for tenures of 1 year or more, and no interest is paid for NRE FDs closed before completing 1 year.
- The Bank may accept High Value/Bulk Deposits of 2 Crores and above at its discretion.
Curious about how much interest you can earn with IndusInd Bank FD?
You can instantly calculate your potential maturity amount by using the FD calculator. Get a clear breakdown of your maturity amount into the principal amount and the interest earned based on the interest rate and the chosen FD tenure.
For a quick calculation of your return on investment, use the IndusInd Bank FD calculator now!
IndusInd Bank Tax Saver FD
Tax Saver FD allows investors to benefit from tax deductions under Section 80C of the Income Tax Act. By opting for this tax-saving fixed deposit, investors can qualify for deductions of up to Rs 1.5 lakh per year on their taxable income. Refer to the table below for the interest rates applicable to IndusInd Bank Tax Saver FDs.
| Tenure | Regular Citizens (% p.a.) | Senior Citizens (% p.a.) |
|---|---|---|
| 5 Years | 7.25 | 8.00 |
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IndusInd Bank FNCR Deposit Interest Rates
The FNCR deposit, or Foreign Currency Non-Resident Account deposit, allows Non-Resident Indians (NRIs) to hold a fixed deposit account in India. IndusInd Bank provides FNCR deposits with diverse interest rates corresponding to various foreign currencies. Please refer to the table below for the IndusInd Bank FNCR rates.
| Period / Currency | USD < 1 Mio | USD 1 Mio < 10 Mio | GBP | EUR | JPY | CAD | AUD |
|---|---|---|---|---|---|---|---|
| 1yr < 2 yrs | 5.95 | 6.00 | 5.85 | 4.30 | - | 5.00 | 5.30 |
| 2 yrs< 3 yrs | 4.90 | 4.90 | 4.70 | 3.20 | 2.40 | 4.50 | 4.30 |
| 3 yrs< 4yrs | 4.65 | 4.65 | 4.40 | 2.55 | - | 4.20 | 4.50 |
| 4 yrs< 5 yrs | 4.55 | 4.55 | 4.20 | 2.00 | - | 4.00 | 4.50 |
| 5 yrs | 4.55 | 4.55 | 4.20 | 2.00 | 2.30 | 4.00 | 4.50 |
Features & Benefits of IndusInd Bank Fixed Deposit
IndusInd Bank Fixed Deposits provide an array of features that add significant value for investors. Check out the key features and benefits of IndusInd FDs:
- Effortless Instant Booking: Seamlessly book your online FD from IndusInd Bank in just three simple steps, requiring only your PAN and Aadhaar details.
- Competitive Interest Rates: IndusInd FD has best-in-class interest rates, ensuring your investment grows optimally. Making it easy for the investor to plan ahead for the finances with adequate flow of income.
- Convenient Renewal Options: Benefit from the auto-renewal feature and choose from various options for interest payments, including monthly, quarterly, half-yearly, yearly, or at maturity.
- Instant KYC Completion: Utilize our Video KYC facility to complete your KYC instantly, allowing you to book an FD for any amount.
- Tax Saver FD: IndusInd Tax Saver FD with a 5-year tenure not only offers security to your funds but also tax-saving benefits.
- Flexible Tenure Choices: Select from a range of flexible tenure options, spanning from 7 days to 61 months and beyond based on your financial goals.
IndusInd Bank FD Account Eligibility
To initiate an IndusInd Fixed Deposit account online, ensure you meet the following criteria:
- Citizenship: You should be a citizen of India.
- Age: You must be at least 18 years old.
- Valid KYC Documents: Have valid KYC documents, such as PAN and Aadhar.
Various entities are eligible to open IndusInd FD, including:
- Individuals
- Hindu Undivided Families (HUFs)
- Sole Proprietorships
- Partnership Firms
- Limited Companies
- Guardians on behalf of Minors
- Societies
- Clubs
- Trusts
- Associations
Documents Required To Open IndusInd FD
Here are the documents you need to open an IndusInd Bank fixed deposit:
| Bank FD Forms | IndusInd FD account opening form, |
| Photographs | 2-4 passport-size photographs |
| KYC Documents | Aadhaar card, PAN Card, Driver’s License, Voter ID card, Utility Bills, etc. |
| Other Documents | As applicable for senior citizens, companies, partnerships, proprietorships, NGOs, HUF, etc |
Types of IndusInd Bank Fixed Deposits
Read through the diverse IndusInd Bank FD schemes with unique features to cater to a range of financial requirements.
Regular Fixed Deposit Account
The IndusInd Regular Fixed Deposit Account offers easy online booking, especially for IndusInd customers, with flexible tenure ranging from 6 months to 10 years. The minimum deposit amount is Rs 10,000, and the maximum is Rs 10 lakh (Rs 90,000 for new customers). Additionally, there's a Tax Saver FD option, providing tax benefits under Section 80C for deposits of 5 years or more. You can choose from various interest payout frequencies, including monthly, quarterly, half-yearly, yearly, or at maturity.
IndusInd Bank Senior Citizens Savings Scheme
The IndusInd Bank Senior Citizens Savings Scheme is designed exclusively for senior citizens, offering higher interest rates on their term deposits. With a minimum deposit of Rs 10,000 and a flexible tenure of 7 days to 120 months, this scheme provides an interest rate 0.75% higher than that for regular customers.
For joint deposits, the primary account holder must be a senior citizen. It's important to note that these deposits should not be used as collateral for commercial purposes. Additionally, the Senior Citizens Savings Scheme allows premature closure, permitting early withdrawal before the maturity date.
IndusInd Sweep In/Sweep Out
The IndusInd Sweep In/Sweep Out scheme is designed to help individuals earn higher returns with liquidity. It allows the transfer of excess funds beyond a set limit in the savings or current account to term deposits, or the breaking of those deposits in case of insufficient balance without any extra costs. The minimum deposit amount varies based on the underlying account type, with a tenure ranging from 30 days to 24 months.
Premature withdrawal is applicable in this scheme, and it is suitable for individuals or companies with regular inflows/outflows in their current or savings bank accounts.
IndusInd Bank Green Fixed Deposit
The IndusInd Bank Green Fixed Deposit channels funds to support the United Nations Sustainable Development Goals, focusing on areas like energy efficiency, agriculture, renewable energy, forestry, waste management, sustainable foods, and greenhouse gas reduction.
The tenure depends on the FD value, with an additional interest of 0.75% p.a. for individuals above 60 years (excluding NRO/NRE deposits). Deposits are insured up to Rs 5 lakh, and premature withdrawal incurs a 1% charge. Depositors receive a 'Green Certificate' in addition to their regular FD advice.
IndusInd Bank Green Fixed Deposit is accessible to Individuals, HUFs, Sole Proprietors, Partnership firms, Limited Companies, Guardians (on behalf of a minor), Societies, Clubs, Trusts, and Associations.
Loan Against IndusInd Bank FD
In case of a financial emergency, you can avail a loan against IndusInd FD with no processing fees. You can obtain a loan instantly without closing the FD prematurely. The loan interest rate is typically 2% higher than the regular FD interest rate. You can borrow up to 95% of the FD amount for an Overdraft Facility Loan. Ensure you have valid documents such as an Aadhaar card and PAN card for the process.
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Frequently Asked Questions
Current IndusInd FD rates range from 3.50% to 7.50% p.a. for the public, depending on tenure.
Senior citizens get higher rates, ranging from 4.25% to 8.25% per annum.
No minimum deposit amount is specified, but individual branches might have limits.
Yes, TDS applies on IndusInd FD interest exceeding ₹10,000 per year.
The minimum tenure of the IndusInd Bank Fixed Deposit Scheme is 7 days.
The maximum tenure of the IndusInd Bank FD scheme is 61 months or more.
Premature withdrawal is available for IndusInd Tax Saver Deposit Scheme, but it will incur penalties.
The highest interest rate offered by IndusInd Bank FD is 8.25% p.a. for senior citizens on 5-year Tax Saving FDs.
Yes, a customer can open an IndusInd Bank FD account online from the official website of IndusInd Bank.
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