IndusInd Bank hikes FD rates by up to 8.25% on these tenors with effect from today

IndusInd Bank FD Rates

According to IndusInd Bank, the bank is currently offering an interest rate of 3.50% on fixed deposits that mature in the next 7 days to 30 days, and 4.00% on those maturing in the next 31 days to 45 days . The interest rates offered by IndusInd Bank are now 4.50% for deposits maturing in 46 days to 60 days and 4.60% for deposits maturing in 61 days to 90 days.

Deposits maturing between 91 and 120 days from now will fetch an interest rate of 4.75%, while deposits maturing between 121 and 180 days from now will fetch an interest rate of 5.00%. The bank is currently offering an interest rate of 5.75% on fixed deposits maturing in 181 days to 210 days, and IndusInd Bank is now offering a guaranteed interest rate of 5.80% on deposits maturing in 211 days to 269 days. Deposit tenure of 270 days to 354 days will now earn an interest rate of 6.00% from IndusInd Bank, while deposit tenure of 355 days to 364 days will earn an interest rate of 6.25%.

Deposits with maturity of 1 year to 1 year and 6 months and less will now fetch 7% interest, while deposits with maturity of 1 year to 6 months and less than 2 years will now fetch 7.25% interest. The bank will now offer a maximum return of 7.50% on fixed deposits maturing in 3 months to less than 2 years, and 7.25% on deposits maturing in more than 3 years but less than 61 months. will offer. Deposits maturing in 61 months and above will now earn an interest rate of 7.00%, and the bank will also offer an interest rate of 7.25% on deposits made under the Indus Tax Saver Scheme (5 years).

With regard to additional interest rates on Domestic Fixed Deposits for Senior Citizens, IndusInd Bank on its website mentions that “Please see below for the value in addition to the card rates applicable for Fixed Deposits of Senior Citizens (60 years and above) Note 0.75% extra. 5 Crore (Repayable) and tenor above 2 years up to 3 years and 3 months (not applicable for NRO/NRE deposits). For the remaining tenure, the additional benefit is 0.50% over and above the card rates.”

“In case of premature withdrawal before the specified tenure, the interest rate applicable will be the interest rate based on the amount based slab (withdrawn amount) and the actual run period (tenure). In addition, premature withdrawal will attract a penal interest of 1%, if applicable,” IndusInd Bank said on its website.

IndusInd Bank offers the highest interest rate on fixed deposits, as compared to other leading private banks in India. You can book an FD of any amount by submitting your Aadhaar and PAN and completing Video KYC instantly. Customers have the option to choose between monthly, quarterly, half-yearly, yearly or maturity interest payouts, and both normal and senior citizens accounts have attractive interest rates.

“With AA+ CRISIL and ICRA ratings, IndusInd Bank is one of the safest banks to open a fixed deposit. Investors can choose between flexible tenors ranging from 7 days to 10 years as per their needs and deposit capacity. The Deposit Insurance Scheme of the Reserve Bank of India covers all IndusInd Bank deposits up to Rs.5,00,000 at the customer level. Contact IndusInd Bank or visit their website to open FD account online and earn the best interest rate,” IndusInd Bank said on its website.