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IndusInd Bank Fixed Deposit (FD) Interest Rates

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Features of IndusInd Bank FD

ET Money commission
Interest rates (p.a)6.75% - 7.50%
aum fund
Minimum deposit ₹10,000
aum fund
Maximum deposit ₹1 Cr
lock in
Lock-in lock12 months
age
Tenure 1 yr - 5 yrs 1 m
senior citizen
Senior citizen help icon Extra up to 0.5% p.a.

Why IndusInd Bank FD is the right choice

high returns
Higher Returns

Get more returns than bank FD; assured returns up to 7.5% p.a.

high credit rating
Strong Financials

CRISIL AAA (Stable) and ICRA AAA (Stable)

flexible payout options
Flexible Payout Options

Get interest amount at regular intervals or lumpsum at maturity

FD Calculator

Who can invest in IndusInd Bank FD?

Individual investor

Individuals investing as single FD holders

Above 18

Investors who are above 18 years of age. Senior citizens earn additional up to 0.5% p.a. interest

Indian resident

Investors who are resident Indian citizens

About IndusInd Bank

As a well-known commercial bank in India, IndusInd Bank has over 2.5 crore customers, over 5000 distribution points, and approximately 2000 branches. Given its widespread banking footprint, IndusInd bank has sustainability at its core and provides a range of banking products and services for individuals and corporates. These include personal loans, personal and commercial vehicle loans, credit cards, SME loans, and microfinance. The bank is also a preferred banking partner for numerous government institutions, large corporations, and PSUs.

Benefits of IndusInd Bank Fixed Deposit

  • 1. Flexible Tenure - The bank offers seven days to 10 year deposit tenure. If you're looking to invest in short-term deposits, IndusInd Bank FD rate offers 3.25% per annum to 6.15% per annum from seven days to less than one year. If you're looking to invest for the long run, IndusInd FD rates on tenures between five years to 10 years are at 6.65%. As a senior citizen, you can benefit from special rates with interest rates at 7.15% per annum on long-term fixed deposits.
  • 2. Sweep In/Out Facility - IndusInd Bank provides a sweep in/out facility to all its account holders. This means, the balance over a specified amount maintained in your transaction account is automatically transferred to your term deposit for a specific period, according to your instructions. However, the specified amount will be according to the bank's discretion. The interest rates applicable on the sweep in/out deposit will be on interest applicable for fixed deposits.
  • 3. Flexible Payout Options - You can choose to receive the interest amount from your fixed deposit account in IndusInd Bank, based on the options offered by the bank and accepted by you — monthly, quarterly, half-yearly, annually, or at maturity.
  • 4. Loan against FDs - You can obtain a loan up to 90% against your own fixed deposit. Loans against FDs are at 4.25% to 8%. The maximum loan tenure is restricted up to the maximum tenure of your fixed deposit.

Frequently Asked Questions

Who can invest in IndusInd Bank FD?

At IndusInd Bank, fixed deposits can be opened by Indian nationals, sole proprietorships, limited companies, guardians on behalf of minors, associations, trusts, clubs, societies, partnership firms, limited companies, and HUFs.

To open a fixed deposit and enjoy IndusInd Bank FD rates today, you need to provide copies of your identity proof such as driving license, passport, PAN card, Aadhar card, or a Government ID; copies of address proof such as passport, telephone bill, electricity bill, and bank statement with a canceled cheque. For senior citizens, in addition to the documents stated above, they need to submit a copy of their senior citizen ID card.

The maximum IndusInd Bank FD interest rate you can earn on your IndusInd fixed deposit is 7% per annum.

Yes. Senior citizens can enjoy a high rate on their deposits compared to fixed deposit rates for the general public. A regular FD offers interest rates in the range of 3.25% to 7%. In comparison, senior citizens can earn interest rates in the range of 3.75% to 7.50%.

No. It is not possible to change the tenure once the fixed deposit account has been opened. However, you can open a new account with the desired tenure of your choice and close your existing fixed deposit account.

Yes. To open a fixed deposit account online, you need to submit your application on the website of IndusInd Bank. On receipt of your application, the bank representative will contact you for further processing that would include filling out the application process and submitting your KYC-compliant documents.

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ET Money does not offer investment options with IndusInd Bank fixed deposit,