IndusInd Bank is a leading private sector bank in India, offering you innovative banking solutions. You can open fixed deposits with attractive interest rates and flexible tenures, along with special rates for senior citizens. Use the calculator to estimate your potential interest earnings and maturity amounts.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 7 days to 30 days | 3.50 | 4.00 |
| 31 days to 45 days | 3.75 | 4.25 |
| 46 days to 90 days | 4.75 | 5.25 |
| 91 days to 180 days | 4.75 | 5.25 |
| 181 days to 210 days | 5.85 | 6.35 |
| 211 days to 269 days | 6.10 | 6.60 |
| 270 days to 354 days | 6.35 | 6.85 |
| 355 days to 364 days | 6.50 | 7.00 |
| 1 Year to below 1 Year 6 months | 7.75 | 8.25 |
| 1 Year 6 Months up to 2 Years | 7.75 | 8.25 |
| Above 2 Years to 3 years 3 months | 7.25 | 7.75 |
| Above 3 years 3 months to below 61 months | 7.25 | 7.75 |
| 61 month and above | 7.00 | 7.50 |
Data last updated on 01/09/2024. Check latest interest rates here.
IndusInd Bank FD Calculator
IndusInd Bank FD FAQs
What is the minimum and maximum amount and tenure for a Fixed Deposit at IndusInd Bank?
Existing customers can book FDs from ₹10,000 up to ₹10 lakhs, and new customers can book from ₹10,000 to ₹90,000. The tenure ranges from 6 months to 10 years.
How will I receive my interest or maturity amount?
Interest is credited to the linked IndusInd Savings Account for existing customers, while new customers receive the maturity amount via a Demand Draft.
Can I withdraw my FD before maturity?
Yes, premature withdrawal is allowed but may incur penalties. Some FDs may not permit early withdrawal.
Is TDS applicable on interest earned from Fixed Deposits?
Yes, TDS is deducted if interest exceeds ₹40,000 (₹50,000 for senior citizens). Form 15G/15H can be submitted to avoid TDS if eligible.
Do senior citizens get higher interest rates?
Yes, senior citizens benefit from higher interest rates on FDs, up to 8.25% p.a., depending on the tenure.
Does the FD amount automatically transfer to my account on maturity?
Yes, the maturity amount is credited to your IndusInd Savings Account if auto-closure is chosen; otherwise, the FD renews automatically unless specified.