Interest for 3 years
Note: All interest rates shown below are as on 22nd Jun 2021
|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|7 days - 1 month||2.75%||3.25%|
|1 month 1 day - 1 month 15 days||3%||3.5%|
|1 month 16 days - 1 month 30 days||3.5%||4%|
|2 months - 2 months 29 days||3.75%||4.25%|
|3 months - 3 months 29 days||4%||4.5%|
|3 months 30 days - 5 months 27 days||4.5%||5%|
|6 months - 6 months 29 days||5%||5.5%|
|6 months 30 days - 8 months 27 days||5.25%||5.75%|
|8 months 28 days - 11 months 30 days||5.5%||6%|
|1 year - 9 years 11 months 29 days||6%||6.5%|
|2 years - 2 years 11 months 29 days||6.5%||7%|
IndusInd Bank Limited is a new-generation Indian bank headquartered in Pune. Banking footprint with over 2.5 crore customers, over 5,000 distribution points and nearly 2,000 branches across the country. The bank has a balance sheet size of Rs. 3.07 Lakh Crs as on 31st March 2020. The bank recorded a profit of Rs 4,458 Crs in FY20
2.75% - 6.5%
3.25% - 7%
FD Rate for Seniors
₹ 2 Crores
Flexible tenure & partial withdrawal facility, without the hassle of opening a savings account.
|Investment Amount||For 3 years with interest of 6%||For 5 years with interest of 6%|
|₹ 1 lakh||₹134885||₹134885|
|₹ 2 lakh||₹269770||₹269770|
|₹ 5 lakh||₹674425||₹674425|
|₹ 10 lakh||₹1348850||₹1348850|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹106168||₹ 101764|
|Total Investment Amount||₹ 100000||₹ 100000|
|Total Interest Gained||₹6168|
|Income Tax on Wealth Gained||₹ 12898||₹ 13092|
|Bank Name||FD Interest Rates|
|Dhanlaxmi Bank||5.4% - 5.9%|
|Tamilnad Mercantile Bank||5.5% - 5.5%|
|IDBI Bank||5.3% - 5.8%|
|Bank of India||5.15% - 5.65%|
|Sundaram Finance||6.25% - 6.75%|
|AU Small Finance Bank||6.25% - 6.75%|
|Canara Bank||5.5% - 6%|
|Axis Bank||5.4% - 5.9%|
|Mahindra Finance||6.3% - 6.55%|
|PNB Housing Finance Ltd||6.6% - 6.85%|
|IDFC First Bank||5.75% - 6.25%|
|State Bank of India||5.3% - 5.8%|
|HDFC Bank||5.15% - 5.65%|
|Bank of Baroda||5.1% - 5.6%|
|LIC Housing Finance||5.75% - 6%|
|Tamil Nadu Power Finance||7.75% - 8.25%|
|Jammu & Kashmir Bank||5.3% - 5.8%|
|Bajaj Finance||6.5% - 6.75%|
|Yes Bank||6.25% - 7%|
|RBL Bank||6.3% - 6.8%|
|Punjab and Sind Bank||5.3% - 5.8%|
|Kotak Mahindra Bank||5.1% - 5.6%|
|Central Bank of India||5% - 5%|
|DCB Bank||6.5% - 7%|
|Bandhan Bank||5.25% - 6%|
|Fincare Small Finance Bank||6.25% - 6.75%|
|DBS Bank||5.5% - 5.5%|
|Indian Overseas Bank||5.2% - 5.7%|
|Karur Vysya Bank||5.5% - 6%|
|Equitas Small Finance Bank||6.35% - 6.85%|
|City Union Bank||5.5% - 6%|
|SCB Bank||5.35% - 5.85%|
|Karnataka Bank||5.5% - 5.9%|
|South Indian Bank||5.5% - 6%|
|HDFC Ltd Fixed Deposit||6.05% - 6.3%|
|Bank of Maharashtra||4.9% - 5.4%|
|ICICI Housing Finance Company||6.05% - 6.3%|
|ESAF Small Finance Bank||5.75% - 6.25%|
|Indian Bank||5.15% - 5.65%|
|Shriram Finance||8% - 8.4%|
|Federal Bank||5.35% - 5.85%|
|ICICI Bank||5.15% - 5.65%|
|Ujjivan Small Finance Bank||6.75% - 7.25%|
|Post Office||5.5% - 5.5%|
|Punjab National Bank||5.1% - 5.6%|
|Union Bank of India||5.4% - 5.4%|
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IndusInd Bank offers multiple fixed deposits for various tenures with different interest rates to its investors. The interest rate on IndusInd Bank FDs is higher than their savings account. One can invest in IndusInd Bank FDs through both online and offline modes with a minimum investment of INR 10,000. This article covers IndusInd Bank FD, its features and interest rates in detail.
Following are the types of fixed deposit schemes:
The Fixed (Term) Deposit scheme is a guaranteed return investment option that offers competitive benefits.
Investment in Indus Tax Saver FD schemes qualifies for deduction under Section 80C of the Income Tax Act.
IndusInd Bank’s sweep in/sweep out deposit scheme ensures that the funds are safe and liquid for urgent financial needs with zero cost. An automatic transfer of funds goes to term deposit for a specific period under the Sweep In/ Sweep Out scheme. Moreover, this type of deposit scheme is suitable for individuals and corporates who get a continuous float in CA/SB.
The young saver deposit encourages saving among children. It offers a high return on savings. The bank links the savings bank account with the Flexi recurring deposit (opened and operated by the guardian for the minor).
A focused deposit scheme for senior citizens which offers a 0.50% higher fixed deposit interest rate than other schemes.
The Deposit Plus scheme invests the principal deposit amount in a fixed deposit. In contrast, the interest earned on it is invested in a mutual fund through SIP (Systematic Investment Plan).
One can open an IndusInd Bank FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open an IndusInd Bank FD account through internet banking:
The following steps will guide in opening an FD account through IndusInd Bank Mobile App:
To open an IndusInd Bank FD account offline, one has to visit the nearest IndusInd Bank branch. Fill the IndusInd Bank FD application form and submit all the necessary documents along with the deposit amount. On successfully processing the application, IndusInd Bank will provide an FD receipt.
Following are the documents required to open IndusInd Bank fixed deposit:
Following individuals are eligible to open a fixed deposit account in IndusInd Bank:
IndusInd Bank offers recurring deposits to its depositors. IndusInd Bank recurring deposits have a minimum tenure of nine months and a maximum tenure of 10 years. Depositors can open an RD account either by going to the IndusInd Bank branch or online using internet banking. The minimum investment in IndusInd Bank RD is INR 500 and thereafter in multiples of INR 100. The interest rate for regular citizens on IndusInd Bank RDs is in the range of 5.5% to 6.5%, and for senior citizens, it is in the range of 6% to 7%.
Only investment in IndusInd Bank Tax Saver FD qualifies for tax saving up to INR 1,50,000 per annum. Investment in no other IndusInd Bank FDs qualifies for tax saving under Section 80C of the Income Tax Act. The interest income from IndusInd Bank FD is taxable as per the investor’s income tax slab rates. Moreover, the interest income is subject to a TDS of 10% if the income from IndusInd Bank FD exceeds INR 40,000 per annum. For senior citizens, the limit is INR 50,000 per annum. Also, if the investor doesn’t disclose PAN Card details to the IndusInd Bank, then the TDS rate will be 20%.
To know in how many years IndusInd Bank FD will double, we can follow the 72 rule. We have to divide 72 by the interest rate, and the result will be the number of years IndusInd Bank FD will double. For example, for a tenure of 10 years, the IndusInd Bank FD interest rate for senior citizens is 7%. An investor can double the investment amount by investing for this tenure in IndusInd Bank FD in 10.28 years (72/7).
IndusInd Bank FD rates range between 3% and 6.5% for regular citizens and between 3.5% and 7% for senior citizens. Moreover, IndusInd Bank offers an additional 0.5% interest to senior citizens on their FDs. IndusInd Bank pays interest monthly, quarterly or annually. However, for deposits below the tenure of 180 days, the interest is paid only at maturity.
IndusInd Bank guarantees returns in the form of interest on their FDs. Moreover, the Deposit Insurance Scheme of RBI covers all IndusInd Bank deposits. Also, the scheme covers all IndusInd Bank deposits up to INR 5,00,000. Hence IndusInd Bank FDs are safe for investment.
The minimum investment in IndusInd Bank FD is INR 10,000. However, there is no limit on the maximum amount of investment in IndusInd Bank FD.
Yes, investors can open an IndusInd Bank FD account online through their internet banking facility.
The highest FD rate for IndusInd Bank is 6.5% for a tenure of 3 to10 years. The highest IndusInd Bank FD rate for senior citizens is 7% for a tenure of 3 to10 years.
Individuals, HUFs, sole proprietorships, partnership firms, limited companies, and guardians on behalf of minors can open an IndusInd FD account. Moreover, societies, clubs, trusts and associations are also eligible to open an IndusInd FD account.
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