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IndusInd Bank FD Interest Rates 2021

IndusInd Bank FD Interest Rates

Last Updated 25th Jun 2021

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 3.25% to 7.00%.

Tenure FD interest rates Senior Citizen FD interest rates
7 days to 14 days 2.75% 3.25%
15 days to 30 days 2.75% 3.25%
31 days to 45 days 3.00% 3.50%
46 days to 60 days 3.50% 4.00%
61 days to 90 days 3.75% 4.25%
Earn upto 6.95% 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 : 2.75% p.a. to 6.50% p.a.
  • Senior Citizens FD Rate : 3.25% 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 2021:

Tenure Interest Rate
7 days to 14 days 2.75%
15 days to 30 days 2.75%
31 days to 45 days 3.00%
46 days to 60 days 3.50%
61 days to 90 days 3.75%
91 days to 120 days 4.00%
121 days to 180 days 4.50%
181 days to 210 days 5.00%
211 days to 269 days 5.25%
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. Listed below are the IndusInd Bank fixed deposits interest rates for senior citizens 2021:

Tenure Interest Rate for senior citizens
7 days to 14 days 3.25%
15 days to 30 days 3.25%
31 days to 45 days 3.50%
46 days to 60 days 4.00%
61 days to 90 days 4.25%
91 days to 120 days 4.50%
121 days to 180 days 5.00%
181 days to 210 days 5.75%
211 days to 269 days 5.75%
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%

Best FD Plan as per IndusInd Bank FD Rates

To invest in IndusInd Bank fixed deposit, you must compare IndusInd Bank Fixed Deposit Rates for varying tenures. IndusInd Bank FD Interest Rates 2021 are best for the deposits with a tenure of 2 years to 2 years 11 months 4 days, wherein the current IndusInd Bank Fixed Deposit Interest Rates is 6.50 p.a.

If you are looking to invest in short term deposits with IndusInd Bank, the interest rate of IndusInd Bank for FD ranges from 2.75% p.a. to 5.50% p.a. These deposits are known as short term deposits and are offered with a tenure of 7 days to less than 365 days. Short term IndusInd Bank Fixed Deposit Rates for senior citizens range from 3.25% to 6.00% p.a.

If you want to invest in long term deposits, IndusInd Bank Fixed Deposit Rates with tenure ranging from 5 years to 10 years are a good choice with interest rates on deposits at 6.00%.IndusInd Bank Senior citizens FD Rates are offered at special rates with the highest deposit rates of6.50% p.a. on long term FDs.

Below-mentioned is some of the benefits of opening an FD account in IndusInd Bank:

  • Interest on deposit is paid only at the time of the maturity
  • IndusInd Bank also offers a nomination facility on its fixed deposits.
  • Extra interest of 0.25% to 0.50% is payable to the senior citizens.
  • Availability of auto-renewal facility on the deposit.
  • Earn higher returns on the money deposited.

IndusInd Bank Fixed Deposit Rate Trends

IndusInd Bank has cut interest rates on fixed deposits with effect from 14 Jun, 2021. The new IndusInd Bank highest FD rate is currently at 6.50%, which is an decrease of 0.5% from the previous highest rate of 7.00%. Currently, IndusInd Bank FD rate for upto 1 year is 2.75% and 6.50% for 5 year FD.

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.

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 3.75% 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.

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.

To open a Fixed Deposit account in IndusInd Bank, you can visit the official website and login to your account. Choose the Fixed Deposit option from the menu and select the Type of FD you want to open and proceed. After this, you have to fill the deposit amount and select ‘Senior Citizen’ option if you are above 60. You have to choose the tenure of deposit and interest payout frequency. Click on Submit to open the IndusInd Bank FD after reading the terms and conditions.

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.

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.

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 2.75% to 6.50%. Compared to this, IndusInd Bank senior citizens FD are in the range of 3.25% to 7.00%.

What are the current IndusInd Bank FD interest rates 2021?

Current interest for FD in IndusInd Bank ranges between 2.75% - 6.50%.

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 .

Did IndusInd Bank increase FD rates in 2021?

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 2.75% to 6.50% with effect from 14 Jun, 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. Below mentioned is the IndusInd Bank FD interest rate 2021 across different tenures.

TenureInterest Rate
7 days to 14 days 2.75%
15 days to 30 days 2.75%
31 days to 45 days 3.00%
46 days to 60 days 3.50%
61 days to 90 days 3.75%
91 days to 120 days 4.00%
121 days to 180 days 4.50%
181 days to 210 days 5.00%
211 days to 269 days 5.25%
270 days to 364 days 5.50%
61 months to 10 years 6.00%
1 year to 1 year2 days 6.00%
1 year 3 days to 1 year2 months 6.00%
1 year 6 months to 1 year6 months 29 days 6.00%
1 year 7 months to 1 year364 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%


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IndusInd Bank News - Jul 2021
  • 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%.
  • 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
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