IndusInd Bank FD Interest Rates 2023

 IndusInd Bank FD Interest Rates 2023

Premature Withdrawal Allowed Fixed Deposit Interest Rate Less Than 2 Crs

Domestic /NRO/ NRE/Senior Citizen Fixed Deposit Rates (all in %) w.e.f. March 22nd 2023

Less than 2 Cr* (Domestic /NRO/NRE deposits)	Less than 2 Cr* (Domestic /NRO/NRE deposits)	Less than 2 Cr* (Senior Citizen)
Tenure	Rate	Rate
7 days to 14 days	3.5	4
15 days to 30 days	3.5	4
31 days to 45 days	4	4.5
46 days to 60 days	4.5	5
61 days to 90 days	4.6	5.1
91 days to 120 days	4.75	5.25
121 days to 180 days	5	5.5
181 days to 210 days	5.85	6.35
211 days to 269 days	6	6.5
270 days to 354 days	6.25	6.75
355 days to 364 days	6.25	6.75
1 Year to below 1 Year 6 Months	7.5	8
1 Year 6 Months to below 1 Year 7 Months	7.75	8.25
1 Year 7 Months to below 2 Years	7.75	8.25
2 Years up to 2 Years 1 Month	7.75	8.25
Above 2 Years 1 Month to below 2 years 6 Months	7.75	8.25
2 years 6 Months to below 2 years 9 Months	7.75	8.25
2 years 9 Months to 3 years 3 months	7.75	8.25
Above 3 years 3 months to below 61 month	7.25	7.75
61 month and above	7	7.5
Indus Tax Saver Scheme (5 years)	7.25	7.75

*Interest is compounded quarterly. Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days.
To Open a Fixed Deposit online Click Here

Please Note

Income more than tax exempted limits earned through interest on FD is tax deductible. In the absence of PAN card, TDS will be deducted at 20%. Above mentioned rates are not applicable for Call/Notice/Term Money market participants (both as lenders and borrowers). Kindly contact nearest branch/RM for rates and guidance NRE deposit rates are applicable only for Tenure 1 year onwards.

Senior Citizens - Additional interest rate on Domestic Term Deposits

* Please note the additional 0.50% over and above card rates applicable for Term Deposits of Senior Citizens (age 60 years and above) for value below Rs 2 Cr (Callable) (Not applicable for NRO/NRE Deposits).

Method of calculation of interest:

Fixed Deposits – Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per regulatory directives. In case of High Value Deposit (> 5 crore), the interest rate offered for the particular deposit is only valid for that day for the deposit and only for the particular tenure. In the event of Premature withdrawal before the specified tenure, the offered interest rate applicable will be the interest rate corresponding to the amount based slab (withdrawn amount) and basis the actual run period (tenure). Additionally, penal interest of 1% shall be levied on the premature withdrawal, if applicable.