IndusInd Bank FD Calculator
IndusInd Bank Fixed Deposit Calculator 2021
IndusInd Bank FDs have tenures ranging from 1 year to 5 years 4 days with maximum rate of interest of 6.50%. Interest rates for senior citizens are higher than the normal rates and ranges upto 7.00%.
| Tenure | Rates | Maturity Amount for ₹ 1 Lakh |
|---|---|---|
| 7 days to 14 days | 3.00% to 3.50% | ₹ 1,00,058 - ₹ 1,00,134 |
| 15 days to 30 days | 3.00% to 3.50% | ₹ 1,00,123 - ₹ 1,00,288 |
| 31 days to 45 days | 3.40% to 3.90% | ₹ 1,00,289 - ₹ 1,00,481 |
| 46 days to 60 days | 3.75% to 4.25% | ₹ 1,00,473 - ₹ 1,00,699 |
| 61 days to 90 days | 4.00% to 4.50% | ₹ 1,00,668 - ₹ 1,01,110 |
| 91 days to 120 days | 4.25% to 4.75% | ₹ 1,01,060 - ₹ 1,01,565 |
| 121 days to 180 days | 4.50% to 5.00% | ₹ 1,01,495 - ₹ 1,02,481 |
| 270 days to 364 days | 5.75% to 6.25% | ₹ 1,04,314 - ₹ 1,06,380 |
| 1 year to 1 year 2 days | 6.50% to 7.00% | ₹ 1,06,660 - ₹ 1,07,227 |
| 1 year 3 days to 1 year 2 months | 6.50% to 7.00% | ₹ 1,06,717 - ₹ 1,08,433 |
| 3 years to 60 months 29 days | 6.50% to 7.00% | ₹ 1,21,341 - ₹ 1,42,265 |
| 61 months to 10 years | 6.25% to 6.75% | ₹ 1,37,060 - ₹ 1,95,300 |
| 181 days to 210 days | 5.25% to 5.75% | ₹ 1,02,620 - ₹ 1,03,339 |
| 211 days to 269 days | 5.50% to 6.00% | ₹ 1,03,208 - ₹ 1,04,487 |
| 1 year 7 months to 1 year 364 days | 6.50% to 7.00% | ₹ 1,07,813 - ₹ 1,14,866 |
| 1 year 2 months 1 day to 1 year 5 months 29 days | 6.50% to 7.00% | ₹ 1,02,190 - ₹ 1,10,944 |
| 1 year 6 months to 1 year 6 months 29 days | 6.50% to 7.00% | ₹ 1,06,660 - ₹ 1,11,587 |
| 2 years 9 months to 2 years 364 days | 6.50% to 7.00% | ₹ 1,10,155 - ₹ 1,23,120 |
| 2 years to 2 years 5 months 29 days | 6.50% to 7.00% | ₹ 1,13,764 - ₹ 1,18,916 |
| 2 years 6 months to 2 years 8 months 29 days | 6.50% to 7.00% | ₹ 1,06,660 - ₹ 1,20,997 |
IndusInd Bank Fixed Deposit Calculator
IndusInd Bank fixed deposit calculator helps you to calculate maturity value of your deposited amount at the interest rate offered compounded at quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.
IndusInd Bank Fixed Deposit Interest Calculator – Interest Payment Options
FD Maturity Calculator
The interest earned on a fixed deposit in IndusInd Bank depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on IndusInd Bank FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of IndusInd Bank FD.
Suppose if you make an investment of ₹ 1,00,000 in IndusInd Bank FD for a 5-year tenure at an interest rate of 6.50% for depositors below 60 years and 7.00% for senior citizens. The maturity amount for this deposit amount is ₹ 1,38,042 and the total interest earned is ₹ 38,042 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 41,478 which is higher. The maturity schedule of IndusInd Bank FD for 5 years is explained below in the table –
Maturity Schedule for ₹ 1,00,000 FD at 6.50% for Citizens below 60 years and at 7.00% for Senior Citizens for 5 years
| Year | Citizens below 60 Years of Age | Senior Citizens above 60 Years | ||||
|---|---|---|---|---|---|---|
| Interest Earned | Closing Balance | Interest Earned | Closing Balance | |||
| 2021 | ₹ 6,660 | ₹ 1,06,660 | ₹ 7,186 | ₹ 1,07,186 | ||
| 2022 | ₹ 7,104 | ₹ 1,13,764 | ₹ 7,702 | ₹ 1,14,888 | ||
| 2023 | ₹ 7,577 | ₹ 1,21,341 | ₹ 8,256 | ₹ 1,23,144 | ||
| 2024 | ₹ 8,082 | ₹ 1,29,423 | ₹ 8,849 | ₹ 1,31,993 | ||
| 2025 | ₹ 8,620 | ₹ 1,38,043 | ₹ 9,485 | ₹ 1,41,478 | ||
IndusInd Bank FD Calculator Formula
Along with online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on IndusInd Bank FD.
A = P (1 + r/n) ^ n*t
In the above formula –
Other Investment Calculators
FAQs
✅What is the highest interest earned on IndusInd Bank fixed deposit?
You can earn a maximum interest of 6.50% on IndusInd Bank fixed deposit.
✅How is IndusInd Bank FD interest calculated?
The formula to calculate interest on IndusInd Bank FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.
✅How many years FD will double in IndusInd Bank?
The growth of IndusInd Bank FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in IndusInd Bank FD. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 6.95%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment to get doubled in IndusInd Bank.
✅What are the minimum and maximum amounts that I can invest in an IndusInd Bank FD?
The minimum investment limit in IndusInd Bank Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.
- 2021-01-08 : IndusInd Bank reported 11% growth in Q3 deposits
IndusInd Bank posted a 3.2% quarter-on-quarter growth in the net advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans in the December quarter. Further, the bank also posted a 5% quarterly growth in deposits which includes fixed and recurring deposits. - 2020-12-31 : IndusInd revised its FD rates
With effect from 31 December 2020, IndusInd revised its FD rates. The FD rates for 7 to 30 days is 3% for 31 to 45 days the rate stands at 3.40%, for 46 to 60 days the rate stands at 3.75%. The rate for 61 to 90 days is 4%, for 91 to 120 days the rate stands at 4.25% and it is 5.25% for 181 to 210 days. Further, the rate for 211 to 269 days is 5.50%, for 270 days to 364 days it is 5.75% and stands at 6.50% for 1 to 5 years. Further, the rate for long tenure of 5 to 10 years stands at 6.25%. - 2020-01-15 : IndusInd Bank Q3 net profit rose by 32%
Private sector IndusInd Bank reported an increase in profit by 32% to Rs 1300.20 crores for the 3rd quarter of the current financial year. In addition to this, total income for Q3 rose by 25.4% to Rs 9073.93 crores and net interest income increased by 34% to 3074 crores. Total deposits rose to ₹2,16,713 crore in December quarter due to an increase in fixed and recurring deposits - 2019-10-31 : IndusInd Bank gains 52% year-on-year profit in Q2
IndusInd Bank declared a rise in its net profit by 52%, landing it at Rs 1400.96 crores. The private sector lender reported a deterioration in its asset quality due to its gross non-performing assets shifting to 2.19 percent from last years records of 1.09 percent. The bank performed well in terms of investments like deposits that rose to 23.17% to Rs 2.07 trillion. - 2019-07-18 : IndusInd Bank witness growth in vehicle loans and CASA deposits
Private sector lender, IndusInd Bank has posted a 38 percent rise in its net profit to Rs. 1,433 crores for the June quarter, primarily on account of an increase in total income. Also, it has received a significant growth across its vehicle loans, corporate loans, fixed deposits, and savings bank account, which grew by 25% this year.
