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IndusInd Bank FD Interest Rates 2022

IndusInd Bank Fixed Deposit Interest Rate: Today

Last Updated 05th Jan 2022

When it comes to the FD interest rate, the highest rate offered on IndusInd Bank FD is 6.50%. Latest IndusInd Bank FD interest rate for senior citizens, on the other hand, ranges between 3.00% to 7.00%.You can earn up to ₹ 32,500 per lakh by investing some money in a fixed deposit account.

Time Duration FD Interest Rates Today Current FD Interest Rates for Senior Citizen
7 days to 14 days 2.50% 3.00%
15 days to 30 days 2.75% 3.25%
31 days to 45 days 3.00% 3.50%
46 days to 60 days 3.25% 3.75%
61 days to 90 days 3.40% 3.95%
Earn upto 7.05% on FD APPLY NOW

IndusInd Bank Fixed Deposit Features

IndusInd Bank FDs are one the best investment options available for depositors who are looking to invest in a fixed income instrument and earn higher returns than the savings account. Key Features of IndusInd Bank Fixed Deposit are:

  • Deposit Amount : IndusInd Bank FD can be opened with an amount as a low to up to No Limit.
  • FD Tenure : Ranges between 7 days to 2 years 364 days.
  • Interest Rate Range : 2.50% p.a. to 6.50% p.a.
  • Senior Citizens FD Rate : 3.00% p.a to 7.00% p.a.
  • Highest Interest Rate : As per today’s rate, IndusInd Bank’s highest interest rate on FD is 6.50% offered for a tenure of 2 years 364 days.
  • Safety of IndusInd Bank Deposits : IndusInd Bank deposits are covered under the Deposit Insurance Scheme of RBI in which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC.
  • Loan against FD : IndusInd Bank provides loan against FD to help its depositor meet their liquidity requirements without breaking the FD.
  • Auto- Renewal Facility : Available
  • Nomination Facility : Available
  • Popular FD Schemes : Standard Fixed Deposit

IndusInd Bank FD Interest Rates Today

Interest rates on IndusInd Bank deposits are updated regularly by the Government of India. The following are updated IndusInd Bank FD interest rates 2022:

Tenure Interest Rate
7 days to 14 days 2.50%
15 days to 30 days 2.75%
31 days to 45 days 3.00%
46 days to 60 days 3.25%
61 days to 90 days 3.40%
91 days to 120 days 3.75%
121 days to 180 days 4.25%
181 days to 210 days 5.00%
211 days to 269 days 5.75%
270 days to 364 days 5.50%
61 months to 10 years 6.00%
1 year to 1 year 2 days 6.00%
1 year 3 days to 1 year 2 months 6.00%
1 year 6 months to 1 year 6 months 29 days 6.00%
1 year 7 months to 1 year 364 days 6.00%
2 years to 2 years 5 months 29 days 6.50%
2 years 6 months to 2 years 8 months 29 days 6.50%
2 years 9 months to 2 years 364 days 6.50%
3 years to 60 months 29 days 6.00%

IndusInd Bank FD Rates for Senior Citizens

With an aim to attract senior citizens above the age of 60 years to invest in the fixed deposits, IndusInd Bank offers a higher interest rate to senior citizens than the general public. Fixed deposit interest rates for senior citizens in IndusInd Bank 2022 are as follows:

Tenure Interest Rate for senior citizens
7 days to 14 days 3.00%
15 days to 30 days 3.25%
31 days to 45 days 3.50%
46 days to 60 days 3.75%
61 days to 90 days 3.95%
91 days to 120 days 4.25%
121 days to 180 days 4.75%
181 days to 210 days 5.75%
211 days to 269 days 6.00%
270 days to 364 days 6.00%
61 months to 10 years 6.50%
1 year to 1 year 2 days 6.50%
1 year 3 days to 1 year 2 months 6.50%
1 year 6 months to 1 year 6 months 29 days 6.50%
1 year 7 months to 1 year 364 days 6.50%
2 years to 2 years 5 months 29 days 7.00%
2 years 6 months to 2 years 8 months 29 days 7.00%
2 years 9 months to 2 years 364 days 7.00%
3 years to 60 months 29 days 6.50%

IndusInd Bank Fixed Deposit Rates – Premature Withdrawal

You can close your IndusInd Bank FD account prematurely, however IndusInd Bank charges a penalty of 1% for premature withdrawal. Also, The penal provisions for premature closure on IndusInd Bank FD are subject to change from time to time and may also vary with deposit schemes.

Nomination Facility on IndusInd Bank FD

IndusInd Bank also offers a nomination facility on Fixed Deposit to claim the amount in case of the depositor's death. You can file the details of only 1 nominee when opening an IndusInd Bank FD account. The nominee has to submit his/her identification proof at the time of claim.

Earn upto ₹ 32,500 Per Lakh on IndusInd Bank Fixed Deposit?

To earn ₹ 32,500 per lakh on an online FD for 60 months:-

  • Investment Amount - ₹ 1,00,000
  • FD Interest Rate - 6.50%
  • Tenure - 60 months
  • Calculation formula - Simple interest
  • Interest Payout - ₹ 32,500
  • FD Maturity Amount - ₹ 1,32,500

Note: Before investing in a fixed deposit account, you must compare the FD rates offered by different financial institutions. This way, you can earn the maximum returns.

FD Account Opening Process at IndusInd Bank

To open an IndusInd Bank Fixed Deposit, follow the steps as mentioned below:

  • Visit the official website of IndusInd Bank and log in to your FD account.
  • From the menu, choose the Fixed Deposit option, the Type of FD you want to open and click on proceed.
  • Enter the deposit amount and select the ‘Senior Citizen’ option if you are above 60.
  • Now, choose the deposit tenure and interest payout frequency.
  • Finally, click on Submit to open the IndusInd Bank FD after reading the terms and conditions.

Loan Against Fixed Deposit IndusInd Bank

IndusInd Bank offers loans up to 90% against its own deposit. Note that IndusInd Bank will not give you loan against FD of any other bank. IndusInd Bank offers Loan against FD at the rate of 3.5% to 7.5%

Illustration - Mr. Rahul has opened a fixed deposit of ₹ 1,00,000 for 2 years in IndusInd Bank. The borrower later decided to take a loan against his FD. The bank has approved a credit limit of 90% against his FD at 10% interest rate. Now, if the borrower draws ₹ 90,000 on the first of the month and then repays the money on the 1st of next month, then he is supposed to pay the interest on ₹ 90,000 available for 1 month only. The amount he repays after 1 month is ₹ 90,744. So, the interest charged on the loan taken is ₹ 744.

FAQs

What is the highest fixed deposit interest rate for IndusInd Bank?

You can earn a maximum interest of 6.50% on IndusInd Bank fixed deposit deposits for a tenure of 10 months.

Are there any special rates for senior citizens FD of IndusInd Bank?

Yes, senior citizens get a higher rate on their deposits compared to FD rates. The rate of regular FD are in the range of 2.50% to 6.50%. Compared to this, IndusInd Bank senior citizens FD are in the range of 3.00% to 7.00%.

What are the current IndusInd Bank FD interest rates 2022?

Current interest for FD in IndusInd Bank ranges between 2.50% - 6.50%. for different tenure.The highest rate is offered on a tenure 7.00 months/years. For senior citizens the interest rates ranges bweteen 3.00% - 7.00%.

Is there any minimum amount that I have to give for opening a Fixed Deposit with IndusInd Bank?

The minimum deposit amount required to book an FD with IndusInd Bank is and there is no limit for maximum amount.

Did IndusInd Bank increase FD rates in 2022?

No, IndusInd Bank has reduced its Fixed Deposit rates by upto 0.5%. The best rate on IndusInd Bank FD has been cut to 6.50% from 7.00% earlier. The fixed deposit rates of IndusInd Bank are now in the range of 2.50% to 6.50% with effect from 30 Jul, 2021.

Is it possible to change the tenure of my existing fixed deposit account with IndusInd Bank?

No, it is not possible to alter the tenure selected for the fixed deposit account once the account is opened. However, you may close your existing fixed deposit account and can open a new account with a desired tenure of your choice.

What are the implications of opening an FD bank account without having PAN?

Following are the implications for the customers opening an FD account with IndusInd Bank without their PAN card

  • Your TDS will be deducted at the rate of 20% as against 10% under section 206AA
  • NO TDS credit from the Income Tax department
  • NO TDS certificate will be issued
  • Form 15G/H and other exemption certificates will be invalid and penal TDS will apply

Can a customer open an FD account online in IndusInd Bank?

Yes, you can submit your application for opening an FD account on the website of IndusInd Bank. After submitting the application, you will be contacted by the bank’s representative for the further process, which includes filling an application process and submitting KYC documents.

In how many years FD will double in IndusInd Bank?

The interest rate on FD depends upon the tenure you choose. To know the time period in which your FD amount will get doubled, you need to divide 72 the 6.50%. For IndusInd Bank FD the number of years in which your FD will get doubled is; 72/6.50 = 11

What is the interest of 1 lakh in the IndusInd Bank?

The interest on IndusInd Bank fixed deposit depends on the tenure of the FD for which it is deposited. The highest interest rate is 6.50% for tenure and banks offer senior citizens little more, which is 7.00%.


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IndusInd Bank News - Jan 2022
  • 2021-12-28 : IndusInd Bank Launches Green Fixed Deposits
    IndusInd Bank announces about the launch of Green Fixed Deposits. The bank will use the deposits to finance projects and firms supporting the United Nations Sustainable Development Goals. These include projects falling under categories such as energy efficiency, green transport, agriculture, forestry, waste management, and greenhouse gas reduction.
  • 2021-06-14 : IndusInd bank revised its FD rates for the month of June
    With effect from June 04, 2021, IndusInd revised its FD rates. The FD rate for 7 to 30 days is 2.75%, for 31 to 45 days the rate stands at 3%, for 46 to 60 days the rate stands at 3.5%. The rate for 61 to 90 days is 3.75%, for 91 to 120 days the rate stands at 4% and 4.5% for 121 to 180 days. It is 5% for 181 to 210 days. Further, the rate for 211 to 269 days is 5.25%, for 270 days to 364 days it is 5.50% and stands at 6.% for 1 to 2 years. From 2 years to 3 years the interest rate is highest at 6.5%. Further, the rate for long tenure of 5 to 10 years stands at 6%.
  • 2021-02-26 : IndusInd Bank to grow loan book by 15-18%
    IndusInd Bank is expecting to grow its loan portfolio by 15-18% year-on-year for the next two financial years under its fifth planning cycle.The Bank’s year-on-year growth in advances which include home, personal, LAP, two-wheeler car and gold loan along with business and mudra loan was flat at Rs 2.07 trillion until December 2020. Its deposits which include fixed and recurring deposits, grew by 10% to Rs 2.39 trillion.
  • 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%.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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