IndusInd Bank has revised the interest rates on fixed deposits under Rs 2 crore. The new rates came into effect on February 6, 2024, according to the bank’s official website.The bank now offers an interest rate of 3.50 per cent on FDs with maturities between 7 days to 30 days. For FDs maturing between 31 and 45 days, the bank offers an interest rate of 3.75 per cent. For FDs maturing between 46 and 120 days, the bank offers an interest rate of 4.75 per cent. For fixed deposits maturing in 121 and 180 days, the bank offers an interest rate of 5 per cent.
You can earn up to 8% interest rate on this bank’s special FDs; Check the last date to invest
After the revision, the bank offers an interest rate of 5.85 per cent on FDs maturing between 181 to 210 days. The bank offers an interest rate of 6.10 per cent for FDs maturing between 211 and 269 days. IndusInd Bank offers an interest rate of 6.35 per cent for deposits maturing between 270 and 354 days. The bank offers 6.50 per cent 6.50 per cent on tenure of 355 days or 364 days.
The bank now offers an interest rate of 7.75 per cent on fixed deposits maturing between one year and up to two years. For FDs maturing in more than two years to below 60 months, the bank offers an interest rate of 7.25 per cent. For FDs maturing in more than 61 months, the bank will offer an interest rate of 7 per cent. The bank offers 7.25% on the Indus Tax Saver Scheme (5 years) for regular citizens.
FD interest rate for regular citizens
| Less than 2 Cr* (Domestic /NRO/NRE deposits) | |
| Tenure | Rate |
| 7 days to 14 days | 3.5 |
| 15 days to 30 days | 3.5 |
| 31 days to 45 days | 3.75 |
| 46 days to 60 days | 4.75 |
| 61 days to 90 days | 4.75 |
| 91 days to 120 days | 4.75 |
| 121 days to 180 days | 5 |
| 181 days to 210 days | 5.85 |
| 211 days to 269 days | 6.1 |
| 270 days to 354 days | 6.35 |
| 355 days or 364 days | 6.5 |
| 1 Year to below 1 Year 6 Months | 7.75 |
| 1 Year 6 Months to below 1 Year 7 Months | 7.75 |
| 1 Year 7 Months up to 2 Years | 7.75 |
| Above 2 Years up to 2 Years 1 Month | 7.25 |
| Above 2 Years 1 Month to below 2 years 6 Months | 7.25 |
| 2 years 6 Months to below 2 years 9 Months | 7.25 |
| 2 years 9 Months to 3 years 3 months | 7.25 |
| Above 3 years 3 months to below 61 month | 7.25 |
| 61 month and above | 7 |
| Indus Tax Saver Scheme (5 years) | 7.25 |
The bank offers an interest rate between 4 per cent to 8.25 per cent for tenures ranging from 7 days to 10 years for senior citizens. The highest interest rate of 8.25% is offered between 1 year to 2 years.
FD interest rates for senior citizens
| Less than 2 Cr* (Senior Citizen) | |
| Tenure | Rate |
| 7 days to 14 days | 4 |
| 15 days to 30 days | 4 |
| 31 days to 45 days | 4.25 |
| 46 days to 60 days | 5.25 |
| 61 days to 90 days | 5.25 |
| 91 days to 120 days | 5.25 |
| 121 days to 180 days | 5.5 |
| 181 days to 210 days | 6.35 |
| 211 days to 269 days | 6.6 |
| 270 days to 354 days | 6.85 |
| 355 days or 364 days | 7 |
| 1 Year to below 1 Year 6 Months | 8.25 |
| 1 Year 6 Months to below 1 Year 7 Months | 8.25 |
| 1 Year 7 Months up to 2 Years | 8.25 |
| Above 2 Years up to 2 Years 1 Month | 7.75 |
| Above 2 Years 1 Month to below 2 years 6 Months | 7.75 |
| 2 years 6 Months to below 2 years 9 Months | 7.75 |
| 2 years 9 Months to 3 years 3 months | 7.75 |
| Above 3 years 3 months to below 61 month | 7.75 |
| 61 month and above | 7.5 |
| Indus Tax Saver Scheme (5 years) | 7.75 |
Note that the extra 0.50% over and above card rates applies to term Deposits of Senior Citizens for amounts less than Rs 2 Cr (Callable).
IndusInd Bank Recurring deposit
The bank offers interest rates between 6.35 per cent to 7.75 per cent on various tenures starting from 9 months.
| Tenure | Interest Rates p.a. (%) | Senior Citizen Rates p.a.(%) |
| 09 Months | 6.35 | 6.85 |
| 12 Months | 7.75 | 8.25 |
| 15 Months | 7.75 | 8.25 |
| 18 Months | 7.75 | 8.25 |
| 21 Months | 7.75 | 8.25 |
| 24 Months | 7.75 | 8.25 |
| 27 Months | 7.25 | 7.75 |
| 30 Months | 7.25 | 7.75 |
| 33 Months | 7.25 | 7.75 |
| 36 Months | 7.25 | 7.75 |
| 39 Months | 7.25 | 7.75 |
| 3 years to below 61 month | 7.25 | 7.75 |
| 61 month and above | 7 | 7.5 |
