IndusInd Savings Account Interest Rate 2023

 

Savings Bank Account Interest Rate - w.e.f. October 18th, 2022

Savings Bank Account Interest Rate Domestic / Non Resident (NRO/NRE)*	Rate p.a
Daily balance upto Rs. 1 Lakh	4.00%
Daily balance above Rs. 1 Lakh Upto Rs. 10 Lakhs	5.00%
Daily balance above Rs. 10 Lakhs Upto Rs. 1 Cr	6.00%
Daily balance above Rs. 1 Cr Upto Rs. 100 Crs	6.00%*

Indus Global Savings Account USD	Rate p.a w.e.f 6th March 2023
<=1 Mio	3.75%
>1 Mio <= 5 Mio	5.00%
>5 Mio <= 25 Mio	5.50%
>25 Mio <= 50 Mio	5.85%
> 50 Mio<= 150 Mio	5.85%
> 150 Mio	2.50%

Note: For rates on amount above INR 100 Crore, please contact your branch or Relationship Manager

Please note:

• The rates are applicable on Domestic/Non-resident (NRE/NRO) Savings Account, the interest on daily balance is calculated as below:
• a. 4.00% for daily balances up to Rs 1 Lakh
  b. 5.00% for daily balances above 1 Lakhs and up to Rs.10 Lakhs, please note 5.00% will be paid on incremental balances above Rs 1 Lakh up to Rs 10 Lakh
  c. 6.00% for balances above Rs.10 Lakhs and up to Rs.1 Crore, please note 6.00% will be paid on incremental balance above Rs.10 Lakhs up to Rs.1 Crore
  d. *6.00% for balances above Rs.1 Crore and up to Rs.100 Crores, please note 6.00% will be paid on entire balance
• For Interest rate on Deposit above Rs 100 Crore, please contact your Relationship Manager or visit your nearest branch
• #RFC Savings Rate is the rate applicable for 1Yr<2 Yrs on FCNR deposits and is available only in USD, GBP & Euro
• Balances of Grouped Savings Accounts will not be added before applying rates. The grouping of balance is only for minimum balance requirement / transaction pricing, if any.
• Interest Credit is shown in the E-Statement / Physical Statement / Net-Banking statement.
• Interest is paid at every calendar quarter on 30th June, 30th September, 31st December and 31st March.