A fixed deposit allows you to make a one-time investment in an account which you create for a stipulated period of time. This is a safe investment, with guaranteed returns, which attracts a fixed rate of interest till the date of maturity.
We at IndusInd Bank offer you the flexibility to choose when to collect the income accrued on your deposit. You could opt to collect the money on a quarterly or annual basis or decide to invest the earnings back into the deposit to maximize the compounding benefits you receive from your fixed deposit interest rates
With returns of up to 8.00%, IndusInd Bank offers amongst the highest interest rates on FD in the market. However, fixed deposit interest rates depend upon the amount deposited and the tenure for which the amount has been deposited.
While you could choose to lock-in your deposit amount for a period of up to 10 years, we also offer you a minimum deposit period of only 7 days. This helps you to earn through our lucrative FD interest rates while having the option of keeping your money handy at the same time. Furthermore, you also have the option of withdrawing your funds pre-maturely. Also, the customers can link the FD account with their savings account for easy sweep in – sweep out facility.
At IndusInd Bank interest on deposits is payable either compounded quarterly or quarterly. For deposits of tenure below 6 months, the interest is calculated at maturity as Simple Interest. Furthermore, income of more than INR 10,000 earned through interest on FD is tax deductible. In the absence of PAN card, TDS will be deducted at 20%.
With different rates offered according to the amount and tenure of deposits, we offer the most lucrative FD interest rates in the market across slabs while providing a special rate, of an extra 0.50% p.a, for senior citizens.
FD Rates w.e.f. August 10th, 2019 (Please clear browser history/cookies to access the latest effective interest rates.)
|**Premature Withdrawal Allowed||***Premature Withdrawal Not Allowed
(Only for Non-Individuals)
|FD Amount||2 crore to less than 5 crores #||1 crore to less than 5 crores|
|Maturity Period||Rate p.a.(%)||Annualised Yield*||Rate p.a.(%)||Annualised Yield*|
|7 days to 14 days||4.00||4.00||4.10||4.10|
|15 days to 30 days||4.50||4.50||4.60||4.60|
|31 days to 45 days||5.55||5.55||5.65||5.65|
|46 days to 60 days||5.85||5.85||5.95||5.95|
|61 days to 90 days||6.00||6.00||6.10||6.10|
|91 days to 120 days||6.15||6.15||6.25||6.25|
|121 days to 180 days||6.25||6.30||6.35||6.40|
|181 days to 210 days||6.60||6.65||6.70||6.76|
|211 days to 269 days||6.75||6.86||6.85||6.97|
|270 days or below 1 years||7.00||7.12||7.10||7.23|
|1 Years to 1 Years 2 Months||7.25||7.45||7.35||7.56|
|Above 1 Years 2 Months to 1 Year 4 Months||7.25||7.52||7.35||7.63|
|Above 1 Years 4 Months to below 2 Years||7.25||7.59||7.35||7.70|
|2 years to below 2 years 6 Months||7.25||7.73||7.35||7.84|
|2 years 6 Months to below 2 years 9 Months||7.25||7.94||7.35||8.06|
|2 years 9 Months to below 3 years||7.25||8.02||7.35||8.14|
|3 years to below 61 month||7.15||8.19||7.30||8.39|
|61 month and above||7.00||8.30||7.25||8.65|
|Indus Tax Saver Scheme (5 years)||NA||NA||NA||NA|
|* The annualized yield is the effective annual rate of return taking into account the effect of compounding interest.|
|*Interest is compounded quarterly. Annualized yield is effective annual return basis the same.|
|The minimum amount of FD booking is Rs. 10,000/-|
|# These rates are available for NR Deposit booking as well -
Note: The Minimum Amount for FD booking should be Rs.10,000/-