Investor Education
IndusInd Bank FD Interest Rate 2023
Latest IndusInd Bank FD Interest Rates 2023
IndusInd Bank has come up as the best over the years in its products and services. They have been striving all the time to collaborate with their clients to provide remedies to all types of banking needs. The bank is a forerunner in the market about profitability, efficiency, and productivity. Established in the year 1994, they are considered a Gen Z private bank. The fixed deposits schemes offered to the investors are many and each is designed keeping in mind the needs of investors. There are both short as well as long-term fixed deposits offered by them.
In this article, we are going to know details about the Fixed Deposits scheme offered by IndusInd bank.
Watch is video to get more information about IndusInd Bank FD Rates :
Eligibility
| Who can open | Resident Individuals, HUF, Partnership firms, Sole Proprietorship firms, Family Trust, Clubs, societies, Association and Companies including group companies. |
| Can NRI deposit in Bajaj finance FD? | Yes |
| Investment Amount | Min: Rs. 10,000 Max: No Limit |
| Tenure | Min: 3 months Max: 10 years |
Documents Required
- Passport size photographs - Latest.
- Proof of Address which can be any documents such as passport, Driving License, Voter ID Card, Driving License, Aadhar Card, etc.
- Certified proof of signature which can be any documents among passport, PAN or License.
- Certified proof of identity which can be any document such as PAN, Passport, Voter ID, Aadhar etc.
Also Read : Shriram Finance Senior Citizens FD Rates
Key Features
Some of the key features of IndusInd FDs includes:
Flexible Investment Tenure:
These FDs are made for short-term as well as long-term purposes. Its tenure starts from minimum 7 days and can go up to 10 years of the period which makes sure that investors are offered flexibility.
Auto-renewal and nomination:
Both these facilities are provided to the investor’s option for this scheme which adds to the investor benefit.
Partial withdrawals:
These FDs allow investors to partially withdraw their funds from the FD account in return for some nominal charge. This provides investors with more cushion in case of emergencies.
Lucrative returns:
Though FD returns are not very high and don’t beat mutual funds in any way. The interest rates offered by IndusInd bank on its FDs are slightly higher than other banks. They also offer additional returns for senior citizens.
Also Read : Axis Bank FD Rates
Revised IndusInd Bank FD Interest Rate (Less than Rs. 2 Crores)
Here are the updated IndusInd Bank fixed deposit interest rates 2023 for deposits of less than Rs. two crores, effective from March 22nd 2023.
| Period | Per Annum Interest Rates for General Public (Domestic /NRO deposits) (w.e.f. March 22nd 2023) | Per Annum Interest Rates for Senior Citizens (Not applicable for NRO deposits) (w.e.f. March 22nd 2023) |
| 7 days to 14 days | 3.50 | 4.00 |
| 15 days to 30 days | 3.50 | 4.00 |
| 31 days to 45 days | 4.00 | 4.50 |
| 46 days to 60 days | 4.25 | 4.75 |
| 61 days to 90 days | 4.50 | 5.00 |
| 91 days to 120 days | 4.50 | 5.00 |
| 121 days to 180 days | 4.75 | 5.25 |
| 181 days to 210 days | 5.50 | 6.00 |
| 211 days to 269 days | 5.50 | 6.00 |
| 270 days to 354 days | 5.75 | 6.25 |
| 355 days to 364 days | 6.00 | 6.50 |
| 1 year to below 1 year 6 months | 6.75 | 7.25 |
| 1 year 6 months to below 1 year 7 months | 7.00 | 7.50 |
| 1 year 7 months to below 2 years | 7.00 | 7.50 |
| 2 years up to 2 years 1 month | 7.25 | 7.85 |
| Above 2 years 1 month to below 2 years 6 months | 7.00 | 7.60 |
| 2 years 6 months to below 2 years 9 months | 7.00 | 7.60 |
| 2 years 9 months to below 3 years | 7.00 | 7.60 |
| 3 years to below 61 months | 6.75 | 7.35 |
| 61 months and above | 6.50 | 7.10 |
| Indus Tax Saver Scheme (5 years) | 6.75 | 7.35 |
The Latest IndusInd Bank Fd Rates are effective from March 22nd 2023. The Fixed Deposit rates are subject to change from time to time.
Source : IndusInd Bank
Frequently Asked Questions about IndusInd Bank Fixed Deposit & Interest RatesQ. What are the IndusInd Bank New FD interest rates in 2023 ?
A. IndusInd Bank offers FD interest rates that range from 3.50% p.a. to 7.75% p.a.
Q. What is the maximum IndusInd Bank FD interest rate for general public ?
A. IndusInd Bank is offering up to 7.25 percent interest rate to the general public on deposits of less than Rs. two crores. This rate is available on a minimum tenure of two years to two years and one month.
Q. What is the minimum duration for an IndusInd Bank fixed deposit ?
A. You can create an IndusInd Bank fixed deposit for just seven days and earn an interest rate of 3.50 per cent on your deposit.
Q. What is the additional IndusInd Bank FD interest rate for senior citizens ?
A. IndusInd Bank offers an additional 0.75 per cent interest rate on domestic term deposits of less than Rs. two crores to senior citizens. This additional interest rate is not available on deposits of above Rs. two crores.
Q. Can I take a loan against a fixed deposit with IndusInd Bank ?
A. Yes, you can easily avail a loan against your IndusInd Bank fixed deposit. Moreover, such loans do not have any processing fee, and you can repay the amount as monthly installments or lump sum.
Also Read :