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Business News/ Money / Personal Finance/  IndusInd Bank revises interest rate on fixed deposits. Latest FD rates here
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IndusInd Bank revises interest rate on fixed deposits. Latest FD rates here

IndusInd Bank offers FDs ranging from 7 days to 5 years and above
  • Just like other banks, IndusInd Bank also offers higher interest rates to senior citizens
  • IndusInd Bank revised interest rates effective from 11 October. (Mint)Premium
    IndusInd Bank revised interest rates effective from 11 October. (Mint)

    Private sector lender IndusInd Bank offers both short-term and long-term fixed deposits (FDs) to its customers. Depending on the need and requirement, you can opt for these FDs. The bank offers 4.00% to 7.50% rate on deposits maturing in 7 days to 61 months and above. Apart from that the bank also offers tax saving FDs, Indus Tax Saver Scheme, with a lock-in period of 5 years. IndusInd Bank revised interest rates effective from 11 October.

    For deposits maturing in 7-14 days, IndusInd Bank offers 4.00%, for 15-30 days 4.25%, for 31 days to 45 days 5.25% and for 46-90 days, the bank offers an interest rate of 5.75%. FDs maturing in 91 days to 180 days will give an interest of 5.90% and those deposits maturing in 181 days to 210 days will offer 6.35% interest and 211 days to 269 days 6.40%. IndusInd Bank gives an interest rate of 6.50% on maturity between 270 days or below 1 years.

    IndusInd Bank latest FD rates (below 2 crore) for general public

    7 days to 14 days 4.00%

    15 days to 30 days 4.25%

    31 days to 45 days 5.25%

    46 days to 60 days 5.75%

    61 days to 90 days 5.80%

    91 days to 120 days 5.90%

    121 days to 180 days 5.95%

    181 days to 210 days 6.35%

    211 days to 269 days 6.40%

    270 days or below 1 years 6.50%

    IndusInd Bank latest FD rates (below 2 crore) for general public for maturity between 1 year to below 3 years

    IndusInd Bank offers a consistent rate of 7.25% on its medium-term deposits across all tenures. FDs with maturities above 1 years to below 3 years will fetch an interest of 7.25%.

    1 Years to 1 Years 2 Months 7.25%

    Above 1 Years 2 Months to 1 Years 4 Months 7.25%

    Above 1 Years 4 Months to below 2 Years 7.25%

    2 years to below 2 years 6 Months 7.25%

    2 years 6 Months to below 2 years 9 Months 7.25%

    2 years 9 Months to below 3 years 7.25%

    Indus Tax Saver Scheme (5 years) 7.15%

    IndusInd Bank latest FD rates (below 2 crore) for general public for maturity between 3 years to below 5 years and above

    For FDs maturing in 3 years to below 5 years one month, IndusInd Bank offers an interest rate of 6.15%. For term deposits maturing in 5 years one month and above, the bank offers an interest rate of 7.05%. IndusInd tax saver scheme will give you 7.15%

    3 years to below 61 month 7.15%

    61 month and above 7.05%

    IndusInd Bank latest FD rates (below 2 crore) for senior citizens

    Just like other banks, IndusInd Bank also offers higher interest rates to senior citizens (60 years and above). The bank gives an additional interest rate of 0.50% to senior citizens. Current IndusInd Bank FD rates for senior citizens range from 4.50% to 8.00%.

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    Published: 11 Oct 2019, 02:47 PM IST
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