IndusInd Bank Interest Rates on FD, Feb 2017

Fixed Deposit Interest Rate of IndusInd Bank

Last Updated 22nd Feb 2017
Tenure General Rates Senior Citizen Rates
7 days to 14 days 4.00% 4.50%
15 days to 30 days 5.00% 5.50%
31 days to 45 days 5.50% 6.00%
46 days to 60 days 6.00% 6.50%
61 days to 90 days 6.25% 6.75%
91 days to 120 days 6.25% 6.75%
121 days to 180 days 6.50% 7.00%
181 days to 210 days 6.50% 7.00%
211 days to 269 days 6.50% 7.00%
270 days to 364 days 6.75% 7.25%
1 year to 1 year 59 days 7.15% 7.65%
1 year 2 months to 1 year 364 days 7.05% 7.55%
2 years to 2 years 179 days 6.75% 7.25%
2 years 6 months to 2 years 269 days 6.75% 7.25%
2 years 9 months to 2 years 364 days 6.75% 7.25%
3 years to 5 years 29 days 6.75% 7.25%
61 months to 10 years 6.75% 7.25%
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  • IndusInd Bank offers FD interest rates upto 7.15% per annum.
  • Interest on deposits with IndusInd Bank is typically compounded quarterly.
  • IndusInd Bank accepts deposits starting at Rs. 1000 for various tenures.
  • For senior citizens (age more than 60 years), IndusInd Bank offers higher interest rate over and above rates mentioned below.
Calculate IndusInd Bank
FD Maturity Amount

IndusInd Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, IndusInd Bank pays 1% lower ROI than that applicable for actual duration of deposit.

Loan against IndusInd Bank FD

  • IndusInd Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

IndusInd Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with IndusInd Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of IndusInd Bank in your city - Find IndusInd Bank Branches here

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  • IndusInd Bank FD rates with other banks in India

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  • IndusInd Bank FD rates with other banks in India

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  • IndusInd Bank FD rates with other banks in India

About IndusInd Bank

IndusInd Bank is a private sector bank in India with its headquarters in Mumbai, Maharashtra. It was incorporated in 1994 and was inaugurated by then Finance Minister Dr. Manmohan Singh. It is among the new generation private banks in India and has specialized in retail banking services by continuously introducing newer technologies. As on June, 2014 IndusInd Bank had 638 branches and 1,238 ATMs spread across 439 cities in the country. The bank has representative offices in Dubai and London to handle the needs of NRIs in these countries. It also acts as a clearing bank for both major stock exchanges in India- BSE and NSE. For the year ended March 31st, 2014 IndusInd Bank recorded a net profit of Rs. 1,408 crore depicting a year-on-year growth of 33%. The total advances for year 2014 stood at Rs. 55,102 crore recording a growth of 24% over last year. The bank has received many awards and accolades over the years for its services driven through technology. It was awarded 'Fastest Growing Mid-Size Bank' by Businessworld- PwC survey in 2013 and 'IT Excellence award' by VMware in 2013 for virtualization of critical business applications.
News - Feb 2017
13th Feb 17 IndusInd Bank plans to restrict its unsecured lending portfolio to 5 percent of its total portfolio
IndusInd Bank is planning to expand its credit card portfolio while capping the exposure of unsecured loan book at 5 percent. The bank expects to grow its credit card portfolio in tandem with the expected growth of 30 percent in its overall loan disbursements.
11th Jan 17 IndusInd Bank registers a 29 percent growth in its net profit in third quarter of FY17
IndusInd Bank has registered a 29 percent increase in its net profit reported at Rs. 750 crore for October to December quarter in FY17. The bank achieved a growth of 25 percent in its retail and corporate loan book in the third quarter of FY17. The bank did not experience any significant slowdown in other retail and SME loan segments including loan against property, business and vehicle loan.
26th Aug 16 IndusInd has reduced its 1 year MCLR from 26th August, 2016
IndusInd Bank has reduced its 1 year Marginal Cost of Fund Based Lending Rate (MCLR) by 15 basis point (bps) to 9.75 percent from 9.9 percent. The change are effective from 26th August, 2016. The interest rates of home loans that have been disbursed after 1st April 2016 are linked to 1 year MCLR. For borrowers who have taken a home loan from IndusInd Bank after 1st April 2016, the reduction in MCLR will translate into a reduction in their home loan rates and hence their interest outgo. However, if you have taken the home loan at fixed interest rate then your interest expense will remain unchanged.
24th Aug 16 IndusInd Bank ties up with IBM for improved customer engagement services
IndusInd Bank has tied up with IBM to use its cloud commerce solutions to convert customer arrangements and boost its cross-sell platforms. In an agreement of three years, IBM will provide a cloud and predictive analytics based multi-channel campaign managing solution that enables IndusInd Bank to build up its online banking presence while improving the product holding per customer. Using customer behavior analysis and real-time contextual advertising, banks can make sure that customers relating with the bank on any channel will receive relevant and timely communications.
12th Jul 16 IndusInd Bank Q1 net up 26% at Rs 661.38 cr
IndusInd Bank posted 26 per cent rise in net profit for the quarter ended June 30. The bank posted net profit of Rs 661.38 crore for the quarter, compared with Rs 525.04 crore in the corresponding quarter of the previous financial year. The bank would continue its focus on the digital medium. It launched its Finger Print mobile banking during this quarter.
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