IndusInd Bank FD Interest Rates

IndusInd Bank is one of the top Indian banks holding a respectable place in the financial market. The bank offers a plethora of products and services, including the Fixed Deposit account, also known as a term deposit. The FD provides competitive interest rates compared to other banks in the financial market, with tenure ranging from 7 days to 10 years. Investors can park their surplus savings and earn high interest on the deposited amount in the savings account. The bank offers myriad Fixed Deposit (FD) options for Individuals, Senior Citizens, and NRIs.  

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FEATURES
indusind-bank
sbi-bank
hdfc-life-insurance
maxlife
Returns (BEFORE TAX)
7.25%
6.7%
7.0%
Highest Return7.5%
Returns (AFTER TAX)*
5.07%
4.7%
4.9%
LIFE COVER
No
No
No
₹10 Lakh**

Indusind Bank FD Rates Apr 2024

Tenure REGULAR RATES
Current Rates
SENIOR CITIZEN
7 days to 14 days 3.50% 4.00%
15 days to 30 days 3.50% 4.00%
31 days to 45 days 3.75% 4.25%
46 days to 60 days 4.75% 5.25%
61 days to 90 days 4.75% 5.25%
91 days to 120 days 4.75% 5.25%
121 days to 180 days 5.00% 5.50%
181 days to 210 days 5.85% 6.35%
211 days to 269 days 6.10% 6.60%
270 days to 354 days 6.35% 6.85%
355 days or 364 days 6.50% 7.00%
1 Year to below 1 Year 6 Months 7.75% 8.25%
1 Year 6 Months to below 1 Year 7 Months 7.75% 8.25%
1 Year 7 Months up to 2 Years 7.75% 8.25%
Above 2 Years up to 2 Years 1 Month 7.25% 7.75%
Above 2 Years 1 Month to below 2 years 6 Months 7.25% 7.75%
2 years 6 Months to below 2 years 9 Months 7.25% 7.75%
2 years 9 Months to 3 years 3 months 7.25% 7.75%
Above 3 years 3 months to below 61 month 7.25% 7.75%
61 month and above 7.00% 7.50%

FD interest rates have been declining over last few years and is expected to further fall, as Indian economy grows in coming years.

1 Yrs FD rate - Historical trend
Comparison Between
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
awards
Still Better than FD’s and Debt Mutual Fund
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
VIEW PLANS
*For annual premium upto ₹5 Lacs
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Total Investment

₹500 ₹30L
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Rate of Interest (Yearly)

1% 15%
Rate of Interest (Yearly)

Time Period

1 Year 15 Years
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Interest Earned
Maturity Amount

Compare FD Interest Rates of Top Financial Institutions

BANKS GENERAL CITIZENS SENIOR CITIZEN
Indusind Bank FD Rates 3.50% - 6.75% 4.25% - 7.50%
SBI bank FD Rates 5.30% - 5.40% 5.80% - 6.20%
HDFC Bank FD Rates 2.50% - 5.60% 3.00% - 6.35%
ICICI Bank FD Rates 2.75% - 5.70% 3.25% - 6.20%
Axis Bank FD Rates 2.50% - 5.75% 2.50% - 6.50%
Canara Bank FD Rates 2.93% - 6.40% 2.93% - 6.40%
Yes Bank FD Rates 3.25% - 6.25% 3.75% - 7.25%
Kotak Mahindra FD Rates 2.50% - 5.75% 3.00% - 6.25%
Bandhan Bank FD Rates 3.00% - 5.00% 3.75% - 5.75%
Union Bank of India FD Rates 3.00% - 5.50% 3.75% - 5.75%
Bank of Baroda FD Rates 3.00% - 5.10% 3.50% - 5.60%
PNB FD Rates 3.00% - 5.75% 3.50% - 6.25%
IDFC Bank FD Rates 3.50% - 6.00% 4.00% - 6.50%
Indian Bank FD Rates 2.90% - 5.15% 3.40% - 5.65%
DBS Bank FD Rates 2.50% - 5.50% 2.50% - 5.50%
UCO Bank FD Rates 2.55% - 5.05% 3.80% - 6.30%
Bank of India FD Rates 2.85% - 5.35% 3.00% - 6.50%
IDBI Bank FD Rates 2.90% - 5.30% 3.40% - 5.90%
Central Bank of India FD Rates 2.75% - 5.15% 3.25% - 5.65%
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Expand

About IndusInd FD Rates

Various Bank's fixed deposit scheme allows investors to invest a part of their salary in the FD scheme to achieve their goals and plan accordingly.

IndusInd Bank offers multiple FD options, including IndusInd Bank Regular FD Scheme, Sweep in/ Sweep out Scheme, and Indus Tax Saver Scheme, with online banking facility and loan facility options. An investor can make a profit by investing their money strategically in a five-year tax-saving fixed deposit scheme.

Moreover, in general, one can save tax on their earnings from Fixed Deposit schemes up to a limit of Rs. 1,50,000 per annum under Section 80C of the Income Tax Act, 1961. IndusInd Bank Fixed Deposit Account can be easily opened through internet banking, mobile applications, and offline by visiting the bank branch office.

  • Types of IndusInd Fixed Deposit Schemes

    • IndusInd Bank Regular FD Scheme
    • IndusInd Bank Sweep in / out Scheme
    • Indus Tax Saver Scheme

    The detailed description of these fixed deposit schemes is as follows:

    1. IndusInd Bank Regular FD Scheme

    • Provides a nomination facility.
    • The customers get the flexible tenure option that ranges from seven days to 10 years.
    • The interests are payable monthly, half-yearly, quarterly, and yearly or at the maturity of the fixed deposit.
    • The facility of premature and partial withdrawal is offered.
    • This fixed deposit scheme comes with the facility of auto-renewal.

    2. IndusInd Bank Sweep in / out Scheme

    • The minimum amount to be deposited is according to the current/savings account of the account holder.
    • This scheme enables the account holders to book a fixed deposit account for a certain tenure and liquidate this tenure for the needed amount in their current or savings account at no cost whenever the need arises.
    • The tenure of the deposit ranges from 30 days to 24 months.
    • This scheme allows premature closure of the FD account.
    • The interest is paid as per the IndusInd Bank FD rates.

    3. Indus Tax Saver Scheme

    • The tenure of the deposit is fixed for five years.
    • The minimum deposit amount is Rs.100, whereas the maximum deposit amount is Rs.1.5 lakhs.
    • The deposits under this scheme are qualified for tax exemption u/s 80C of the IT Act.
    • Premature or partial withdrawal is not permitted.
  • Term-Wise IndusInd Bank FD Interest Rates

    Fixed Deposits are considered one of the best ways to invest your surplus money. As per the tenure, the IndusInd Bank Fixed Deposit interest rates are further categorized into long-term, medium-term, and short-term deposits.

    1. Long-Term Deposits

    The tenure of these fixed deposits ranges from 5 years to 10 years, and the IndusInd Bank FD rates offered are 6.25%.

    2. Medium-Term Deposits

    The tenure of medium-term fixed deposits ranges from 1 year to less than 5 years. The IndusInd Bank FD rate for such deposits is 6.75%.

    3. Short-Term Deposits

    IndusInd Bank's short-term fixed deposits range from 7 days to 12 months. The bank's FD rates range from 3.50% per annum to 5.50% per annum. The reason for calling them short-term fixed deposits is their tenure of less than one year.

  • Features & Benefits of IndusInd Bank Fixed Deposit

    The features and benefits of these fixed deposits are:

    • Flexible tenure
    • Multiple schemes for fixed deposits
    • Competitive IndusInd Bank FD rates
    • Flexible payable interest (quarterly, monthly, half-yearly, or annually at maturity)
    • The facility of nomination and auto-renewal facility
    • Partial withdrawals
    • Special IndusInd Bank FD rates for senior citizens
    • The convenient booking process through phone banking or Indusnet
    • Tax saver fixed deposits up to Rs.1,50,000.
  • About IndusInd Bank Fixed Deposit Interest Rate Calculator

    IndusInd Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps quickly calculate the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

    • The amount that is invested
    • The Rate of Interest offered
    • The tenure of the Fixed Deposit Account
    • The compounding period, that is, yearly, half-yearly, quarterly, or monthly
    • The FD Amount

    Once entered the following details, an investor will come to know:

    • The maturity value of the FD
    • The total interest earned during the complete tenure
  • Eligibility Criteria

    Below are the groups and individuals who are eligible to open a Regular IndusInd Fixed Deposit Account-

    • Hindu undivided families
    • Residents
    • Partnership firms
    • Sole proprietorship firms
    • Trust accounts
    • Limited companies
  • Documents Required

    • Current Photographs
    • KYC Documents
    • Aadhar Card
    • PAN Card
    • Passport
    • Voter ID card
    • Driving License
    • Proofs of Partnership: Partnership deed, ID Proofs, and Signatures of authorized signatories incorporating certificate.
    • Hindu Undivided Family: PAN Card – Self-attested, HUF declaration, and Statement of Bank
  • How to invest in the IndusInd FD scheme

    An investor can opt for either of the following methods to invest in the IndusInd FD Scheme:

    1. Internet Banking

    The following steps need to be followed to invest via internet banking:

    • Login to the IndusInd account
    • Click on the "Open Fixed Deposit" option under the "transaction" tab.
    • Fill in the needful details like the policy's tenure and the amount willing to be invested.
    • Provide nominee details.
    • Confirm all the details before proceeding further.
    • A receipt will be generated that can be downloaded instantly.

    2. IndusInd Mobile Application

    The following steps need to be followed to open an FD account via the mobile application of IndusInd:

    • Download the bank's application on your mobile (it can be either ios or android).
    • After creating credentials, one can sign in to the application.
    • Head to the main menu and select the deposit option after signing in.
    • Under the "Deposits" option, choose the "Open Fixed Deposit" tab.
    • Fill in all the required details and upload the required documents.
    • A receipt will be generated after successfully providing all the details, which can be downloaded immediately.

    3. An IndusInd FD Account Offline

    In the offline method of opening a Fixed Deposit Account, the investor must visit the nearest IndusInd bank branch and fill out forms to open their respective FD account. All the relevant documents must be submitted to the branch manager along with the deposit amount. After successfully verifying all the provided documents, the branch manager provides a receipt that is the account opening proof for the investor.

  • Loan Against Fixed Deposit of IndusInd Bank

    IndusInd Bank also offers loans against fixed deposits. You can quickly get a loan of up to 90% of the amount of FD. It is essential to know that the bank does not offer you a loan against the FD of any other bank. The maximum tenure of the loan is restricted to the FD tenure.

* Tax adjustment considering income tax slab of 30%
** Life cover for a plan with an annualized premium of Rs 1L
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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Get Guaranteed returns upto 7.5%*

Fully Tax-Free unlike FD, and Life Cover Included

*T&C Applied.

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