IndusInd Fixed Deposit Interest Rate Hike | Private bank IndusInd Bank has revised its fixed deposit interest rates. The new interest rates are effective from July 3, 2024, according to the bank’s website.
At present, the bank offers interest rates ranging from 3.50 percent to 7.75 percent for fixed deposit investments of 7 days to 10 years to general citizens. Fixed deposits with maturities of 1 year to 2 years carry a maximum interest rate of 7.75%.
IndusInd Fixed Deposit
Period |
Interest Rate (%) |
| 7-14 days | 3.5 |
| 15-30 days | 3.5 |
| 31-45 days | 3.75 |
| 46-60 days | 4.75 |
| 61-90 days | 4.75 |
| 91-120 days | 4.75 |
| 121-180 days | 5.00 p.m |
| 181-210 days | 5.85 |
| 211-269 days | 6.10 |
| 270-354 days | 6.35 |
| 355-364 days | 6.50 |
| 1 year 3 months | 6.75 |
| 15-16 months | 7.75 |
| 1 year 6 months 2 years | 7.75 |
| 2 years and 6 months | 7.25 |
| 2.6 years to 2.7 years | 7.25 |
| Within 3 years 3 months 61 months | 7.25 |
| Above 61 months | 7.00 p.m |
| Indus Tax Savings Ft | 7.25 |
Note that interest is compounded quarterly. Simple interest is paid on maturity of the deposit where the tenure is up to 180 days.
Senior Citizens Fixed Deposit
The bank offers fixed deposit interest rates ranging from 4% to 8.25% for fixed deposit installments of 7 days to 10 years for senior citizens. FDs with maturities of 1 year to 2 years offer a maximum interest rate of 8.25%.
