The current IndusInd Bank Fixed Deposit interest rate makes it an attractive investment option. You can earn up to 8.25% interest on an FD with the bank. This makes your investment safe, giving you steady returns until maturity. So, along with capital appreciation, you can keep your savings protected from erosion due to market factors.
Read on to learn the various IndusInd Bank FD interest rates and the benefits you get via this investment avenue.
The IndusInd Bank FD rate is the same for
Check this table for the latest rates.
| Tenure | For Regular Investors (Domestic/NRO/NRE deposits) (in % and p.a.) | For Senior Citizens (Not applicable for NRE/NRO deposits) (in % and p.a.) |
|---|---|---|
| 7 days to 14 days | 3.50 | 4.00 |
| 15 days to 30 days | 3.50 | 4.00 |
| 31 days to 45 days | 3.75 | 4.25 |
| 46 days to 60 days | 4.75 | 5.25 |
| 61 days to 90 days | 4.75 | 5.25 |
| 91 days to 120 days | 4.75 | 5.25 |
| 121 days to 180 days | 5.00 | 5.50 |
| 181 days to 210 days | 5.85 | 6.35 |
| 211 days to 269 days | 6.10 | 6.60 |
| 270 days to 354 days | 6.35 | 6.85 |
| 355 days to 364 days | 6.50 | 7.00 |
| 1 Year to below 1 Year 6 Months | 7.75 | 8.25 |
| 1 Year 6 Months to below 1 Year 7 Months | 7.75 | 8.25 |
| 1 Year 7 months to 2 Years | 7.75 | 8.25 |
| Above 2 Years to 2 Years 1 Month | 7.25 | 7.75 |
| Above 2 Years 1 Month to below 2 years 6 Months | 7.25 | 7.75 |
| 2 years 6 Months to below 2 years 9 Months | 7.25 | 7.75 |
| 2 years 9 Months to 3 years 3 months | 7.25 | 7.75 |
| Above 3 years 3 months to below 61 months | 7.25 | 7.75 |
| 61 months and above | 7.00 | 7.50 |
Disclaimer: The above rates are as of February 2024 and are subject to change at the bank’s discretion.
As you can see, you can get the highest IndusInd Bank FD rates in 2024 when you choose a tenure between 12 and 24 months. So, make sure you check the different rates and pick a term that allows you to maximise your earnings and align your investment with your goals.
Remember, IndusInd FD rates may be revised at the bank’s discretion, so lock in your investment at the right time. Also, the rates for FDs between ₹2 crores to ₹5 crores are different, so check the latest rates before investing.
IndusInd Bank also offers you tax savings with the 5-year Indus Tax Saver Scheme. Regular investors can get 7.25% interest and senior citizen investors can get 7.75% interest on booking an FD under this option.
Also Read: How to download bank statement in PDF
Here’s a snapshot of the advantages you get with an IndusInd Bank Fixed Deposit.
Starting your investment with IndusInd Bank is incredibly easy and you can complete the process online in just three simple steps. While you can submit KYC documents later, you can get going with just your Aadhaar and PAN copy. This allows you to set up your FD quickly and without any delay. Additionally, the bank doesn’t require you to have an account to start an FD online.
Instead of delaying your investment until you have ample savings, you can get started with this FD with just ₹10,000. This way, you can enjoy assured earnings right now!
You can choose timelines from 1 week to 10 years to book your FD based on your goals. This flexibility helps you plan your investment and forecast your returns to the dot!
Apart from getting your earnings at maturity, you can receive regular interest payouts every month, quarter, year or even bi-annually. What’s more, you can make use of the auto-renewal option to stay invested for longer.
Verifying your identity is easier and more convenient as the bank facilitates a video KYC process.
To make the most of these advantages and enjoy high FD rates, invest in an IndusInd Bank FD. However, you don’t need to compromise on financial ease today. To bridge gaps or achieve your goals, you can take an Instant Personal Loan from Fibe. Download the Fibe Personal Loan App or register on the website to get up to ₹5 lakhs at affordable rates.
You can get up to 8.25% on an IndusInd Bank FD. Note that the rates fluctuate based on:
Here are the rates you can enjoy by opening a deposit with the bank:
Yes, the bank is considered safe for fixed deposits because:
