IndusInd Bank has revised the interest rates on fixed deposits (FDs) under Rs 2 crore. The new rates came into effect on May 27, 2024, according to the bank’s official website. Find out the revised FD rates in the IndusInd Bank.The bank offers a fixed deposit interest rate between 3.50% and 7.99% for general citizens for FD tenures ranging from 7 days to 10 years. The highest interest rate of 7.99% is offered on FDs maturing between 15 months and 16 months. FDs maturing between 30 months and 31 months will also fetch an interest rate of 7.99%.The bank now offers an interest rate of 3.50% on FDs with maturities between 7 days and 30 days. For FDs maturing between 31 and 45 days, the bank offers an interest rate of 3.75%. For FDs maturing between 46 and 120 days, the bank offers an interest rate of 4.75%. For fixed deposits maturing between 121 days and 180 days, the bank offers an interest rate of 5%.
After the revision, the bank offers an interest rate of 5.85% on FDs maturing between 181 days to 210 days. The bank offers an interest rate of 6.10% on FDs maturing between 211 days and 269 days. IndusInd Bank offers an interest rate of 6.35% for deposits maturing between 270 days and 354 days. The bank offers 6.50% on FDs maturing between 355 days and 364 days.
The bank now offers an interest rate of 7.75% on fixed deposits maturing between 12 months and less than 15 months.
FD interest rate up to 9. 1% in May 2024: These 7 banks have revised fixed deposit rates in May
For FDs maturing between more than two years and less than 61 months, the bank offers an interest rate of 7.25%. For FDs maturing in more than 61 months, the bank will offer an interest rate of 7%. The bank offers 7.25% on the Indus Tax Saver Scheme (5 years) for regular citizens.
| 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 to 364 days | 6.5 |
| 1 Year to below 1 Year 3 months | 7.75 |
| 1 Year 3 months (15 months) to below 1 Year 4 months (16 months) | 7.99 |
| 1 Year 4 months to below 1 Year 6 months | 7.75 |
| 1 Year 6 Months up to 2 Years | 7.75 |
| Above 2 Years to below 2 Years 6 Month | 7.25 |
| 2 years 6 Months (30 months) to below 2 years 7 months (31 months) | 7.99 |
| 2 year 7 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 |
Senior citizens are eligible for an extra 0.50% over and above card rates for values below Rs 2 crore except for certain tenures. The bank offers interest rates between 4% and 8.25% for senior citizens on fixed deposits maturing between 7 days and 10 years.
| Tenure | Senior citizen 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 to 364 days | 7 |
| 1 Year to below 1 Year 3 months | 8.25 |
| 1 Year 3 months (15 months) to below 1 Year 4 months (16 months) | 8.25 |
| 1 Year 4 months to below 1 Year 6 months | 8.25 |
| 1 Year 6 Months up to 2 Years | 8.25 |
| Above 2 Years to below 2 Years 6 Month | 7.75 |
| 2 years 6 Months (30 months) to below 2 years 7 months (31 months) | 8.25 |
| 2 year 7 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 |
