IndusInd Bank FD Rates

For long-term deposits, the bank offers good FD interest rates. The tenure of long-term fixed deposits ranges from 5 years to 10 years, wherein the IndusInd Bank FD rate for 10 years is 6.00%. The highest fixed deposit rate for senior citizens for long-term deposits is 7.00% per annum.

IndusInd Bank Fixed Deposit (FD)

IndusInd Bank has emerged as the best over the years in its services and products. The bank has been striving all the time to collaborate with its clients to provide solutions to all types of banking needs. The bank is a forerunner in the market regarding efficiency, productivity, and profitability.

Incorporated in 1994, IndusInd Bank is considered a new generation private bank. The fixed deposit scheme options provided by this bank are many and each scheme is designed keeping in mind the demands of customers. There are both short-term fixed deposits and long-term fixed deposits offered by IndusInd Bank.

IndusInd Bank fixed deposit on a short-term basis has a tenure of a maximum of 30 days, and the short-term fixed deposit rate in IndusInd bank is 4.50% per annum, which is compounded annually. As for long-term fixed deposits in IndusInd Bank, the maximum term of the deposit is from 1 to 5 years. The long-term IndusInd Bank FD rate is 6.50% per annum. For this period, the interest is compounded for each quarter.

The bank has been in an effort of offering services, both digital and manual across 638 branches spread across 439 cities in India. Owing to the adoption of newer technology, the bank is going from strength to strength.

IndusInd Bank FD Rates 2022

It is advisable to reconfirm the IndusInd Bank FD Rates before making any decision on basis of the data provided below:

(IndusInd Bank FD Rates w.e.f. February 16th, 2022)

Domestic /NRE/ NRO/Senior Citizen Deposit Rates

(FD Rates w.e.f. February 16th, 2022. *FD Interest is compounded every quarter. The annualized yield is an effective annual return based on the same)

About IndusInd Bank Fixed Deposit Interest Rate Calculator

IndusInd Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of 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

IndusInd Bank Fixed Deposit (FD) Benefits

• 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

Eligibility Criteria for IndusInd Bank Fixed Deposit

The fixed deposits of IndusInd Bank can be opened by Hindu Undivided Families, individuals, sole proprietorships, limited companies, partnership firms, guardians on behalf of minors, trusts, associations, and societies. If you fall under these categories, you can open an FD account with IndusInd Bank by submitting the basic documents. The list of the documents needed is as follows:

• Proof of identities such as Aadhar card, passport, government ID card, driving license, PAN card, or senior citizen ID.

• Proof of address like telephone bill, passport, bank statement with cheque, and electricity bill.

The additional interest rate on Domestic Term Deposits for Senior Citizens

Fixed Deposits for senior citizens (above the age of 60 years) get an additional interest rate of 0.50% over and above the applicable reports for values lesser than Rs.2 Crore. It does not apply to NRO/NRE deposits. If the senior citizen's fixed deposit amount is greater than or equal to Rs.2 Crore, the additional interest will not be applicable.

IndusInd Bank Term Wise Fixed Deposit Rates

1. IndusInd Bank Short-term Fixed Deposit Rates

   • Short-term Fixed deposits range between 7 days and 1 year.

   • For short-term deposits, you can earn returns on your investments anywhere between 2.75 % and 5.50% ( regular FDs)

   • For Senior citizen fixed deposits the interest rate ranges from 3.25% and 6.00% on their deposits lesser than Rs.2 Crore

2. IndusInd Bank Medium and Long-term Fixed Deposit Rates

   • Medium and Long-term FDs can range anywhere from 1 year to 5 years and above.

   • If the deposited amount is lesser than Rs.2 Crore then the interest on FDs can range from 5.25 % to 5.50 %

   • And for deposits between 1 year and 3 years, the IndusInd Bank FD rates are 5.50% for normal citizens and 6.00% for senior citizens.

Types of IndusInd Bank Fixed Deposit (FD) Schemes

1. IndusInd Bank Fixed Deposits:

   The features and benefits of this scheme are:

   • Provides a nomination facility.

   • The customers get the flexible tenure option that ranges from seven days to 10 years.

   • The interests are payable every month, half-yearly basis, quarterly basis, and yearly basis 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.

   Eligibility:

   • Hindu Undivided Family

   • Resident Individual

   • Partnership firm

   • Sole Proprietorship

   • Limited Company

   • Partnership Firm

   • Clubs/ Societies/ Associations/ Trusts

   • Guardians on behalf of minors

2. Indus Tax Saver Fixed Deposits:

   The features and benefits of this scheme are:

   • 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.

   Eligibility:

   • Hindu Undivided Family

   • Resident Individual

   • Partnership firm

   • Sole Proprietorship

   • Limited Company

   • Partnership Firm

   • Clubs/ Societies/ Associations/ Trusts

   • Guardians on behalf of minors

3. Indus Senior Citizen Deposit Scheme:

   The features and benefits of this scheme are:

   • The minimum tenure of this scheme is seven days whereas the maximum tenure is 10 years.

   • The minimum amount to be deposited in this scheme is Rs.10, 000

   • The interest rate is as per the IndusInd Bank FD rates for senior citizens

   • The facility of premature withdrawal and nomination is provided

   • The customers who opt for this scheme are offered a 0.50% additional interest rate than the general public.

   Eligibility:

   • Individuals who are more than 60 years old (joint or sole account)

   • In the case of a joint account, the first account holder has to be a senior citizen

4. Indus Sweep In/Out Deposit Scheme:

   The features and benefits of this scheme are:

   • The minimum amount that is 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.

5. IndusInd Deposit Plus Scheme:

   The features and benefits of this scheme are:

   • The principal amount that you invest in this scheme is invested and the interest earned on it is invested in a mutual fund scheme through a systematic investment plan (SIP). The minimum interest is paid out on monthly basis from the FD has to be at least Rs.1000 for starting this scheme.

   • The facility of overdraft against the FD amount is allowed.

   • The interest is paid out on monthly basis.

   • This FD scheme permits the facility of premature withdrawal on the FD.

   Eligibility:

   • Resident savings account holders

   • Non-residents with NRO/ NRE account

   • Resident current account holders

Loan Against IndusInd Bank FDs

The bank provides the option to avail of loans up to 90% against its fixed deposit. The loan is offered at the interest rate of 4.25% to 8% against the existing FD. Please note that the IndusInd Bank will not offer loans against any other bank's FD. The maximum loan tenure is similar to the tenure of the FD.