A Guide to the IndusInd Bank Fixed Deposit Interest Rate
Updated on: 31 August 2023
Published on: 29 August 2023
The IndusInd Bank Fixed Deposit interest rate is so attractive that you are sure to want to invest! You can earn up to 8.25% interest on an FD with IndusInd as of August 2023. IndusInd Bank is an esteemed financial institution known for both its customer service and digital innovations.
With high IndusInd Bank FD Rates in 2023, you can rest assured about capital appreciation while ensuring you protect your savings from erosion due to market factors. This makes your investment safe, giving you steady returns until maturity.
Investors over 60 years of age can benefit from higher rates offered by IndusInd Bank’s Senior Citizen Fixed Deposits scheme. Seniors can get a 0.75% hike in interest rates as compared to regular investors.
Read on to learn the various IndusInd Bank FD interest rates and the benefits you get via this investment avenue.
IndusInd FD rates on deposits below ₹2 crores
The IndusInd Bank Fixed Deposit interest rate is the same for domestic, NRO and NRE FD accounts but varies based on the investment timeline. The bank offers very competitive rates, which will help you grow your wealth over time.
Check the table below to see the latest FD rates of IndusInd as of August 2023.
| Tenure of Fixed Deposit at IndusInd Bank | FD Rate for Regular Investors (Domestic /NRO/NRE deposits) in % | FD Rate for Senior Citizens (Not applicable for NRE/NRO deposits) in % |
|---|---|---|
| 7 days to 14 days | 3.50 | 4.25 |
| 15 days to 30 days | 3.50 | 4.25 |
| 31 days to 45 days | 3.75 | 4.50 |
| 46 days to 60 days | 4.25 | 5.00 |
| 61 days to 90 days | 4.60 | 5.35 |
| 91 days to 120 days | 4.75 | 5.50 |
| 121 days to 180 days | 5.00 | 5.75 |
| 181 days to 210 days | 5.85 | 6.60 |
| 211 days to 269 days | 6.10 | 6.85 |
| 270 days to 354 days | 6.35 | 7.10 |
| 355 days to 364 days | 6.35 | 7.10 |
| 1 Year to below 1 Year 6 Months | 7.50 | 8.25 |
| 1 Year 6 Months to below 1 Year 7 Months | 7.50 | 8.25 |
| 1 Year 7 months up to 2 Years | 7.50 | 8.25 |
| Above 2 Years up to 2 Years 1 Month | 7.25 | 8.00 |
| Above 2 Years 1 Month to below 2 years 6 Months | 7.25 | 8.00 |
| 2 years 6 Months to below 2 years 9 Months | 7.25 | 8.00 |
| 2 years 9 Months to 3 years 3 months | 7.25 | 8.00 |
| Above 3 years 3 months to below 61 months | 7.25 | 8.00 |
| 61 months and above | 7.00 | 7.75 |
As you can see, you can get the highest IndusInd Bank FD rates in 2023 when you choose a tenure between 12 and 24 months. So, make sure you check the different rates and pick a tenure that allows you to maximise your earnings while timing your investment alongside your goals.
Remember, IndusInd FD rates may be revised at the bank’s discretion, so lock in your investment at the right time. Also, keep in mind that rates for FDs between ₹2 crores to ₹5 crores are different, so if you are planning a larger investment, check the latest rates.
IndusInd Bank also offers you tax savings with the 5-year Indus Tax Saver Scheme. Regular investors can get 7.25% interest and seniors can get 8% interest on booking an FD under this attractive option.
Also Read: How to download bank statement in PDF
Why Invest in an IndusInd Bank FD?
Here’s a snapshot of the advantages you get with an IndusInd Bank Fixed Deposit.
- Online Convenience: Starting your investment with IndusInd Bank is incredibly easy and you can complete the process online in just three simple steps. While you can submit KYC documents later, you can get going with just your Aadhaar and PAN copy.
This allows you to set up your FD quickly without any delay. Additionally, IndusInd does not require you to have an account to start an FD online.
- No Entry Barrier: Instead of delaying your investment until you have ample savings, you can get started with this FD with just ₹10,000. This way, you can enjoy assured earnings right now!
- Flexible Options From Tenures to Payouts: You can choose timelines from 1 week to 10 years to book your FD based on your goals. This flexibility helps you plan your investment and forecast your returns to the dot!
Apart from getting your earnings at maturity, you can receive regular interest payouts every month, quarter, year or even bi-annually. What’s more, you can make use of the auto-renewal option to stay invested for longer.
- Instant KYC: Verifying your identity is easier and more convenient as IndusInd facilitates a video KYC process.
To make the most of these advantages and enjoy high FD rates, invest in an IndusInd FD. However, you don’t need to compromise on financial ease today. To bridge gaps or achieve your goals, you can take an online instant loan from Fibe. To get up to ₹5 lakhs online, download the Fibe Personal Loan App or register on the website.
FAQs on IndusInd FD Rates
What is the interest rate of FDs in IndusInd Bank?
While the rates fluctuate based on the time of your investment, deposit amount and tenure, you can get up to 8.25% on an IndusInd Bank FD.
What is the FD rate in IndusInd Bank in 2023?
The FD interest rate you can earn on booking a fixed deposit at IndusInd Bank as a regular investor goes up to 7.50% in 2023. Seniors can get an additional interest rate benefit of 0.75% as of August 2023.
Is IndusInd Bank safe for fixed deposits?
Yes, IndusInd Bank is considered safe for fixed deposits. It is regulated by the Reserve Bank of India (RBI) and offers security of up to ₹5 lakhs as per DICGC guidelines.
Category : Banking
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