7.3%
Interest for 3 years
Tenure | Normal Citizen FD Rate | Senior Citizen FD Rate |
---|---|---|
7 days - 30 days | 3.5% | 4% |
1 month - 1 month 14 days | 3.75% | 4.25% |
1 month 15 days - 3 months 30 days | 4.75% | 5.25% |
4 months - 5 months 29 days | 5% | 5.5% |
5 months 30 days - 6 months 28 days | 5.85% | 6.35% |
6 months 29 days - 8 months 26 days | 6.1% | 6.6% |
8 months 27 days - 11 months 19 days | 6.4% | 6.9% |
11 months 20 days - 11 months 29 days | 6.5% | 7% |
1 year - 1 year 4 months | 7.8% | 8.3% |
1 year 4 months 1 day - 1 year 6 months | 8% | 8.3% |
1 year 6 months 1 day - 2 years | 7.8% | 8.3% |
2 years 1 day - 5 years 29 days | 7.3% | 7.8% |
5 years 30 days - 9 years 11 months 28 days | 7% | 7.5% |
Note: All interest rates shown above are as on 7th Oct 2024
IndusInd Bank is a new-generation private-sector bank incorporated in 1994. The bank offers services across consumer banking, corporate and commercial banking, transaction banking, and global markets. The bank has its headquarters in Mumbai. As of March 2022, IndusInd Bank has 2,265 branch offices across India, it also has international branches in Dubai, Abu Dhabi, and London and 2,767 ATMs. The total deposits as of March 2022 stood at INR 2,93,681.35 crores. IndusInd Bank’s Fixed Deposits have an A1+ Credit Rating.
3.5% - 8%
FD Rate
4% - 8.3%
FD Rate for Seniors
₹ 10000
Minimum Deposit
₹ 2 Crores
Maximum Deposit
-
Lock-in
-
FD Tenure
-
Loan against FD
A1+
CRISIL Rating
Investment Amount | For 3 years with interest of 7.3% | For 5 years with interest of 7.3% |
---|---|---|
₹ 50,000 | ₹ 62,200 | ₹ 71,946 |
₹ 1 lakh | ₹ 1,24,401 | ₹ 1,43,892 |
₹ 2 lakh | ₹ 2,48,801 | ₹ 2,87,784 |
₹ 5 lakh | ₹ 6,22,003 | ₹ 7,19,461 |
₹ 10 lakh | ₹ 12,44,006 | ₹ 14,38,922 |
Use FD calculator to change values and compare your returns from top banks.
Maturity Amount | ₹ 1,08,085 | ₹ 1,09,381 |
Total Investment Amount | ₹ 1,00,000 | ₹ 1,00,000 |
Total Interest Gained | ₹8,085 | ₹ 9,381 |
Bank Name | FD Interest Rates |
---|---|
North East Small Finance Bank FD | 9% - 9.5% |
Dakshin Bihar Gramin Bank FD | 7% - 7% |
IDFC First Bank FD | 7% - 7.5% |
RBL Bank FD | 7.5% - 8% |
Suryoday Small Finance Bank FD | 8.6% - 9.1% |
Utkal Grameen Bank FD | 6.8% - 7.3% |
Post Office FD | 7.1% - 7.1% |
PNB HFL FD | 7.75% - 8.05% |
Saptagiri Grameena Bank FD | 7.5% - 8% |
Indian Bank FD | 6.25% - 6.75% |
₹1,00,000
Total Investment
8,085
Wealth Gained
₹1,08,085
Maturity Amount
The flexible & tax efficient alternative to FDs.
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.
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.
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%.
What is the highest IndusInd Bank FD rate today?
What is the highest interest rate on IndusInd Bank 1 year FD scheme?
What is IndusInd Bank FD scheme interest rate for 5 years?
How many years FD will double in IndusInd Bank?
What is IndusInd Bank FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in IndusInd Bank?
What are the available FD tenures in IndusInd Bank?
What is IndusInd Bank FD ROI for 10 lakh deposit for 1 year?
The interest from the IndusInd Bank FD calculator for 10 lakh deposit for 1 year will be INR 80,850. The maturity value will be INR 10,80,850. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in IndusInd Bank?
How many FDs can be opened in IndusInd Bank?