IndusInd Bank FD Rates

For finding out the best IndusInd Bank FD rates, we need to compare tenure wise rates. The best FD rates are offered for the tenure of 1 year to 2 years 11 months and 4 days. The current FD rate for this tenure is 7.00% per annum. If you are looking to invest in short-term deposits, then FD rates range between 3.25% per annum to 6.15% per annum. The tenure of short-term deposits ranges between seven days to 365 days. For senior citizens, the IndusInd Bank FD rates for a short-term range between 3.75% to 6.65%.

For long-term deposits, the bank offers good FD interest rates. The tenure of long-term fixed deposits ranges between 5 years to 10 years, wherein the IndusInd Bank FD rates for 10 years is 6.65%. The highest fixed deposit rates for senior citizens for long term deposits is 7.15% per annum.

Features of Indusind Bank Fixed Deposit

Investment Amount  Minimum - Rs.15, 00,000 Maximum- 1, 00,00,000
Tenure  Minimum - 7 daysMaximum- 10 Years
Interest Rate  Minimum - 4.00 %Maximum- 6.75%

Indusind Bank Fixed Deposit Rates 2020

Indusind Bank FD Rates in India
Tenure General Public FD Rates Senior Citizen FD Rates
7 days to 14 days 4.00% 4.50%
15 days to 30 days 4.25% 4.75%
31 days to 45 days 5.00% 5.50%
46 days to 60 days 5.50% 6.00%
61 days to 90 days 5.50% 6.00%
91 days to 120 days 5.75% 6.25%
121 days to 180 days 5.75% 6.25%
181 days to 210 days 6.00% 6.50%
211 days to 269 days 6.00% 6.50%
270 days to 364 days 6.25% 6.75%
61 months to 10 years 6.65% 7.15%
1 year to 1 year 2 days 7.00% 7.50%
1 year 3 days to 1 year 7 months 7.00% 7.50%
1 year 7 months to 1 year 364 days 7.00% 7.50%
2 years to 2 years 364 days 7.00% 7.50%
3 years to 61 months 6.75% 7.25%

Comparison of FD Rates by Top 10 Financial Institutes

Name Interest Rates Tenure  
Axis Bank 5.75% 5 years to 10 years View Details
Bank of Baroda 5.30% 5 years 1 day to 10 years View Details
Bank of India 5.40% 5 years to 10 years View Details
Canara Bank 5.45% 3 years to 10 years View Details
Central Bank of India 5.35% 5 years to 10 years View Details
HDFC Bank 5.50% 5 years 1 day to 10 years View Details
ICICI Bank 5.50% 5 years 1 day to 10 years View Details
IDBI Bank 5.70% 7 years 1 day to 10 years View Details
State Bank Of India 5.40% 5 years to 10 years View Details
Yes Bank 7.00% 1 year to 10 years View Details

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 about efficiency, productivity, and profitability.

Incorporated in 1994, IndusInd Bank is considered as a new generation private bank. IndusInd Bank fixed deposit scheme options 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 the 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 rates 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 rates is 7.00% per annum. For this period, the interest is compounded for each quarter.

The bank has been in the 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 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 proprietorship, 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.

IndusInd Bank FD Rates 2020

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

Maturity Period

Rs 2 Crore to > Rs 5 Crores- Premature Withdrawal Allowed**

Rs 1 Crore to > Rs 5 Crores- Premature Withdrawal Not Allowed***

                (Only for Non-Individuals)

FDR

Annualized Yield*

FDR

Annualized Yield*

7 days-14 days

3.25 %

3.25 %

3.25 %

3.25 %

15 days-30 days

3.25 %

3.25 %

3.25 %

3.25 %

31 days-45 days

3.70 %

3.70 %

3.80 %

3.80 %

46 days-60 days

4.00 %

4.00 %

4.10 %

4.10 %

61 days-90 days

4.50 %

4.50 %

4.60 %

4.60 %

91 days-120 days

4.75 %

4.75 %

4.85 %

4.85 %

121 days-180 days

5.00 %

5.00 %

5.10 %

5.10 %

181 days-210 days

5.30 %

5.34 %

5.40 %

5.44 %

211 days-269 days

5.75 %

5.83 %

5.90 %

5.99 %

270 days or > 1 year

6.25 %

6.35 %

6.40 %

6.50 %

1 Yr.- 1 Yr. 2 days

6.75 %

6.86 %

7.00 %

7.12 %

1 Yr. 3 Days-1 Yr. 2 months

6.75 %

6.92 %

7.00 %

7.19 %

Above 1 Yr. 2 months to > 1 Yr. 6 months

6.75 %

6.98 %

7.00 %

7.25 %

1 Yr. 6 months to > 1 Yr. 7 months

7.00 %

7.31 %

7.00 %

7.31 %

1 Yr.  7 months to > 2 Years

6.75 %

7.04 %

7.00 %

7.31 %

2 years to > 2 years 6 months

6.75 %

7.16 %

7.00 %

7.44 %

2 years 6 months to >2 years 9 months

6.75 %

7.35 %

7.00 %

7.65 %

2 years 9 Months to > 3 years

6.75 %

7.41 %

7.00 %

7.71 %

3 years to > 61 month

6.75 %

7.68 %

6.85 %

7.80 %

61 month & above

6.75 %

7.95 %

6.85 %

8.09 %

    (IndusInd Bank FD Rates w.e.f. July 13th, 2020)

Domestic /NRE/ NRO/Senior Citizen Deposit Rates

Maturity Period

< Rs 2 Crore

NRE rates applicable to

Tenure 1 year onwards

< Rs 2 Crore (Senior Citizen)

Not applicable to NRO/NRE deposits

Rate

Annualized Yield*

Rate

Annualized Yield*

7 days-14 days

3.25 %

3.25 %

3.75 %

3.75 %

15 days-30 days

3.25 %

3.25 %

3.75 %

3.75 %

31 days-45 days

3.75 %

3.75 %

4.25 %

4.25 %

46 days-60 days

4.10 %

4.10 %

4.60 %

4.60 %

61 days-90 days

4.30 %

4.30 %

4.80 %

4.80 %

91 days-120 days

4.50 %

4.50 %

5.00 %

5.00 %

121 days-180 days

5.00 %

5.03 %

5.50 %

5.54 %

181 days-210 days

5.40 %

5.44 %

5.90 %

5.94 %

211 days-269 days

5.60 %

5.68 %

6.10 %

6.19 %

270 days or > 1 year

6.15 %

6.25 %

6.65 %

6.76 %

1 Yr.- 1 Yr. 2 days

7.00 %

7.12 %

7.50 %

7.64 %

1 Yr. 3 Days-1 Yr. 2 months

7.00 %

7.19 %

7.50 %

7.71 %

Above 1 Yr. 2 months to > 1 Yr. 6 months

7.00 %

7.25 %

7.50 %

7.79 %

1 Yr. 6 months to > 1 Yr. 7 months

7.00 %

7.31 %

7.50 %

7.86 %

1 Yr.  7 months to > 2 Years

7.00 %

7.31 %

7.50 %

7.86 %

2 years to > 2 years 6 months

7.00 %

7.44 %

7.50 %

8.01 %

2 years 6 months to >2 years 9 months

7.00 %

7.65 %

7.50 %

8.24 %

2 years 9 Months to > 3 years

7.00 %

7.71 %

7.50 %

8.32 %

3 years to > 61 month

6.75 %

7.68 %

7.25 %

8.32 %

61 month & above

6.65 %

7.81 %

7.15 %

8.50 %

Tax Saver Scheme (5 years)

6.75 %

7.95 %

7.25 %

8.65 %

(FD Rates w.e.f. July 13th, 2020. *FD Interest is compounded every quarter. The annualized yield is an effective annual return based on the same)

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 interest will not be applicable.

IndusInd Bank Term Wise Fixed Deposit Rates

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 3. 25 % and 6.15% ( regular FDs)
  • For Senior citizen fixed deposits the interest rate ranges from 3. 75% and 6.65% on their deposits lesser than Rs 2 Crore

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 3.25 % to 6.15 %
  • And for deposits between 1 year and 3 years, the IndusInd Bank FD rates are 7.00% for normal citizens and 7.50% for senior citizens
  • The rate of interest will range between 6.65% to 6.75 percent for FDs of more than 3 years

Types of IndusInd Bank Fixed Deposit (FD) Schemes

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

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

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

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.

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 loan 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. And the maximum loan tenure is similar to the tenure of the FD.

IndusInd Bank Fixed Deposit - FAQs

Written By: PolicyBazaar - Updated: 30 October 2020
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