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Savings Bank Account Interest Rate effective 1st September, 2014  
Account Type Rate p.a
Domestic*
a. Daily Balance upto Rs 1 Lac 4.50%
b. Daily Balance above Rs 1 Lac 6.00%
Non Resident
a. NRO 4.00%
b. NRE 4.00%
Points to note:
  • Revised interest rates are applicable w.e.f 1st September, 2014 till further notice. The Bank has the right to change the rate at its discretion.
  • Interest will be calculated on daily basis, basis the end of day ledger balance in the account. Interest of 4.5% p.a will be applied for amount upto Rs.1,00,000/-, while 6% p.a will be applied on the incremental amount.
  • Balances of Grouped Savings Accounts will not be added before applying rates. The grouping of balance is only from the perspective of minimum balance requirement perspective and/or balance based transaction pricing.
  • Interest Credit is shown in the E-Statement / Physical Statement / Net-Banking statement.
  • Interest is paid at every calendar quarter on 30th June, 30th September, 31st December and 31st March.

Domestic / NRO/ NRE

Maturity Period DOMESTIC(RESIDENT)  DEPOSITS/ NRO DEPOSITS NRE DEPOSITS
<15 lacs 15 lacs - < 1 crore < 1Cr >= 1Cr upto 5Cr
  Rates Annualised Yield* Rates Annualised Yield* Rates Annualised Yield* Rates Annualised Yield*
7 days to 14 days 3.50% 3.50% 4.00% 4.00% - - - -
15 days to 30 days 4.50% 4.50% 5.00% 5.00% - - - -
31 days to 45 days 5.50% 5.50% 6.00% 6.00% - - - -
46 days to 60 days 6.00% 6.00% 6.50% 6.50% - - - -
61 days to 90 days 6.50% 6.50% 7.00% 7.00% - - - -
91 days to 120 days 7.00% 7.00% 7.50% 7.50% - - - -
121 days to 180 days 7.50% 7.50% 8.00% 8.00% - - - -
181 days to 210 days 8.25% 8.42% 8.50% 8.68% - - - -
211 days to 269 days 8.25% 8.42% 8.50% 8.68% - - - -
270 days or below 1 year 8.75% 8.94% 8.75% 8.94% - - - -
1 year to below 1 years 2 months 9.10% 9.41% 9.10% 9.41% 9.10% 9.41% 9.10% 9.41%
1 years 2 months to below 2 years 9.00% 9.31% 9.00% 9.31% 9.00% 9.31% 9.00% 9.31%
2 years to below 2 years 6 months 9.00% 9.31% 9.00% 9.31% 9.00% 9.31% 9.00% 9.31%
2 years 6 months to below 2 years 9 months 9.25% 9.58% 9.25% 9.58% 9.25% 9.58% 9.25% 9.58%
2 years 9 months to below 3 years 9.00% 9.31% 9.00% 9.31% 9.00% 9.31% 9.00 9.31%
3 years to below 61 mont 9.00% 9.31% 9.00% 9.31% 9.00% 9.31% 9.00% 9.31%
61 months and above 8.50% 8.77% 8.50% 8.77% 8.50% 8.77% 8.75% 9.04%
Indus Tax Saver Scheme (5 year) 8.75% 9.04% N/A  

FCNR Deposits - w.e.f. September 1, 2014

Period USD GBP EUR CAD AUD JPY
1yr  < 2 yrs 1.34% 1.80% 2.27% 2.47% 3.65% 1.94%
2 yrs< 3 yrs 1.71% 2.24% 2.29% 2.43% 3.72% 1.94%
3 yrs< 4yrs 2.64% 3.04% 3.34% 3.09% 4.36% 2.20%
4 yrs< 5 yrs 3.00% 3.26% 3.40% 3.25% 4.58% 2.23%
5 yrs 3.27% 3.42% 3.51% 3.39% 4.72% 3.27%

NRE Savings Account - w.e.f. May 03 2011

4.00%
All the rates in the above tables are per annum
Senior Citizens - Additional interest rate on Domestic Term Deposits
An additional interest rate of 0.50% over and above the card rates is applicable for Term Deposits of Senior citizens (Age 60 years & above) for value below Rs.5cr. (Not applicable for NRO deposits). However, in case the senior citizen opts to place deposits under the interest rates applicable for High Value Deposits (>5Crs), the benefit of additional interest shall not be available.
Penal interest rate charge of 1% would apply on premature withdrawal.
In case of premature closure of NRE / FCNR/ RFC Term deposit the interest rate payable will as under:
  • No interest will be payable if the period the FD remains in force is less than 1 year.
  • If the deposit has remained in force for more than 1 year, interest will be calculated at the rate applicable for the period the Deposit has actually remained with the Bank less 1%.
  • Additionally, in case of pre-mature withdrawal of FCNR (B) deposits, SWAP (conversion) cost will be recovered, basis the prevailing market rates on the date of pre-mature withdrawal, between the FCNR (B) currency and Indian Rupees
Method of calculation of interest:
  • Fixed Deposits –
    • For deposits with tenure of 91 days and above, interest is calculated on a quarterly basis.
    • In event the depositor chooses to reinvest the interest earned during the pervious quarter then the same is added to the Principal for calculation of interest. Interest on this amount is calculated every quarter.
    • For deposits with tenure of below 91 days, interest is calculated at Simple interest. Please note that the period of Fixed deposit is considered in number of days.
    • In event the depositor chooses to receive the periodic interest payments on a quarterly basis, interest is calculated and paid on quarterly rests.
    • Premature withdrawal of deposit will attract 1% penalty (Fixed Deposits opened post August 1, 2008): 1% less than the card rate (applicable for deposits below Rs.15 lacs), as on the date of deposit, for the period for which the deposit has remained with the Bank or 1% less than the contracted rate which ever is lower.
    • Tax at Source is deducted as per the Income Tax regulations prevalent from time to time.

Gold Coin Card Rate For 17 September 2014.

Denomination Price (Rs) *
5gms coin 15,338
10gms coin 30,431
50gms ingot 1,49,700
* VAT / Octroi / Stamp Duty as applicable, will also apply.

 

Please contact our branches for discounts and attractive offers that are available from time to time.

 

Base Rate 11% p.a. with effect from August 20, 2013
Benchmark PLR 21% p.a. with effect from August 20, 2013
As on 18-9-2014
Currency Description TT Buy TT Sell TC Buy TC Sell Cash Buy Cash Sell
AED UAE DIRHAM 16.29 17.02 16.37 17.02 16.35 17.02
AUD AUSTRALIAN DOLLAR 53.7 55.9 53.14 56.46 52.92 56.68
CAD CANADIAN DOLLAR 54.52 56.67 53.96 57.23 53.74 57.45
CHF SWISS FRANC 63.89 66.1 63.32 66.67 63.09 66.9
DKK DANISH KRONES 10.26 10.88 10.16 10.98 10.12 11.02
EUR EURO 77.34 80.03 76.59 80.78 76.3 81.07
GBP POUND STERLING 97.89 101.14 97.0 102.03 96.64 102.39
HKD HONG KONG DOLLAR 7.71 8.08 7.64 8.15 7.61 8.18
JPY YEN 55.08 57.45 54.41 58.12 54.14 58.39
NOK NORWEGIAN KRONE 9.2 9.81 9.1 9.91 9.07 9.94
NZD NEW ZEALAND DOLLAR 48.66 50.51 48.24 50.93 48.07 51.1
SAR SAUDI RIYAL 15.99 16.63 15.84 16.78 15.78 16.84
SEK SWEDISH KRONA 8.3 8.79 8.22 8.87 8.19 8.9
SGD SINGAPORE DOLLAR 47.3 49.1 46.87 49.53 46.7 49.7
THB THAI BAHT 1.79 2.0 1.79 2.0 1.79 2.0
USD U.S. DOLLARS 60.23 62.13 59.66 62.7 59.44 62.92
ZAR RAND 5.26 5.82 5.18 5.9 5.14 5.94


Note: The above rates are TENTATIVE/ INDICATIVE and are not the final rates. Please contact your nearest IndusInd Bank branch for the final rates before proceeding with the transaction. The rates are subject to change without notice. IndusInd Bank Ltd does not accept any responsibility for any action taken based on the above rates.

Information on forex rates may quickly become unreliable for various reasons including, for example, changes in market conditions or economic circumstances. IndusInd Bank is not obligated to update the information contained in the forex rate list available on the Bank's website, and the service of providing forex rates may be discontinued at any time without notice.

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