IndusInd Bank RD Interest Rates

What is IndusInd Bank Recurring Deposit?

IndusInd Bank Recurring Deposit (RD) is a planned savings scheme that helps individuals save in regular monthly deposits over a set tenure and at the applicable RD interest rates. It is best suited to investors seeking stable, predictable returns without exposure to market volatility. The minimum monthly instalment customers can begin with is ₹1000, then multiples of ₹100, making it affordable for regular savers. The tenure is usually 12 months to 120 months, allowing flexibility to match both long- and short-term financial objectives.

IndusInd Bank RD Interest Rates

RD interest rates charged by Indusind Bank RD on various tenures are as follows:

*IndusInd Bank RD Interest Rates as of March 2026

Key Features of IndusInd Bank RD

The following features of IndusInd Bank RD make it a dependable savings scheme:

• Loan Against RD: Customers may take an IndusInd Bank loan against RD without disturbing the deposit, so that it remains liquid, in case of emergencies.
• Premature Withdrawal Facility: It allows an early withdrawal, but the interest is recalculated based on the actual tenure and penalties.
• Nomination Facility: Customers have the option of nominating a beneficiary to facilitate easy transfer of funds in unforeseen situations.
• Penalty on Late Instalments: There is a nominal penalty for late or defaulted instalments, which will encourage disciplined saving.
• Tax Deducted at Source (TDS): TDS applies to the interest when the interest it is greater than the limit that is stipulated under the income tax law.
• Digital Access & RD Calculator: Customers can access RD accounts online and calculate the maturity value, and also plan savings through the RD calculator.

How to Open an IndusInd Bank Recurring Deposit

Opening an RD with IndusInd Bank is a very simple process that can be done online and offline.

Online Method

Digital banking allows customers to open an RD in a convenient way:

• Log in: Access Net Banking or Mobile Banking
• Navigate: Go to the deposits section
• Select RD: Select "Open Recurring Deposit"
• Enter Details: Add the instalment amount and tenure
• Set Auto-Debit: Link your account for automatic payments
• Confirm: Review details and activate instantly

Offline Method

Customers may also open an RD at a branch:

• Visit Branch: Go to the nearest IndusInd Bank branch
• Request Form: Ask for the RD application form
• Fill Details: Enter personal and deposit information
• Submit KYC: Provide the required documents
• Choose Mode: Select auto-debit or manual payment
• Deposit Instalment: Pay the first instalment

Eligibility Criteria for IndusInd Bank RD

IndusInd Bank RD account is made available to a very wide range of applicants, under the general norms of banking:

• Existing Savings Account Requirement: To open an RD, you will need an IndusInd Bank savings account.
• Resident Individuals: A salaried and self-employed customer with valid KYC documentation.
• Minors: RD accounts can be opened in the names of the minors, but with the supervision of the parent or guardian.
• Joint Account Holders: Joint RD accounts may be opened under flexible operating instructions, including either-or survivorship.
• HUFs, Firms & Institutions: According to the policies of the bank, RD accounts may be opened by HUFs, companies, trusts and business organisations.
• NRIs (NRE/NRO Accounts): NRIs can open RD accounts in NRE or NRO accounts according to the guidelines of RBI.

Key Takeaways

IndusInd Bank RD provides regular returns of up to 7.00% p.a. for the general customers and 7.40% p.a for the senior citizens. It offers long-term, disciplined savings of 1 to 10 years with monthly deposits beginning at ₹1000 and predictable, low-risk growth with the flexibility to plan financial investments.