Indusind Bank 2024 Interest Rate For FD- IndusInd Bank offers FD loan costs of 3.50% – 7.50% p.a. to the overall population and 4.00% – 8.25% p.a. to senior residents on residencies going from 7 days to 61 months or more. The loan fee on IndusInd Bank Duty Saving FDs is 7.25% p.a. for the overall population and 7.75% p.a. for senior resident investors for residencies of 5 years. The bank likewise offers different fixed store items for NRIs, for example, NRO, NRE, RFC and FCNR fixed stores. IndusInd Bank acknowledges FCNR fixed stores and RFC fixed stores in US Dollars (USD), English Pound Authentic (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (computer aided design) and Australian Dollar (AUD).
The interest rate for a deposit in Indusind Bank is 1.80% and the interest rate for a loan in Indusind Bank is 6.75%. The effective annual percentage yield (APY) for a deposit in Indusind Bank is 1.80% and the APY for a loan in Indusind Bank is 6.75%. These are the current rates at which the bank offers interest on different types of deposits and loans. The APY (annual percentage yield) represents the total return that can be earned on an investment over a specified period of time, assuming that the rate of interest remains constant throughout the period. Essentially, it’s another way to calculate how much money you will earn over time if you keep your funds with this bank.
Indusind Bank 2024 Interest Rate For FD
The simplest and most common form of investment is fixed deposits (FDs). You can put money down for a set amount of time and, depending on a number of factors, earn interest on your investment at rates ranging from 3 to 9 percent per year. As long as the principal amount remains in bank deposit, the interest is guaranteed. From seven days to ten years, deposit terms are available. Premature withdrawals, or withdrawals made before the term ends, are generally discouraged. However, if you do want to withdraw, you can do so with a small penalty. Fixed deposits are relatively safe investments because they are not subject to the stock market’s volatility. Additionally, various banks offer a wide variety of fixed deposit plans. IndusInd Bank only provides the fundamental plan, which is outlined below.
To find out more about interest rates and other financial products available at this bank, please contact us or visit us online. The interest rate for deposits held with Indusind Bank is 4.75%. This is an annual percentage rate (APR) based on the amount of money deposited and the length of time the funds are held in the bank. It is subject to change at any time. A deposit with Indusind Bank pays interest based on a daily basis, while a deposit with a short-term financial institution may pay interest only on a quarterly or monthly basis. The longer the deposit is held, the higher the interest rate will be. The table below shows the APYs (annual percentage yields) for various deposit lengths at an interest rate of 4.75% for deposits made in various currencies.
Indusind Bank 2024 Interest Rate For FD Details
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About Indusind Bank FD
One of the oldest and most secure investment options offered by banks is fixed deposits. Interest rates on fixed deposits are higher than those on savings or current account balances. Every individual’s investment portfolio must include a variety of sources of fixed and variable income. Investment income can be derived reliably from fixed deposits. When it comes to the length of an investment, fixed deposits provide total flexibility. Their terms range from seven days to ten years. At any time, the investor can put money into fixed deposits.
The new-generation bank IndusInd Bank was established in the early 1990s. It has since developed into a financial powerhouse that serves India’s commercial, financial, and transactional banking needs. IndusInd Bank has offices in London, Dubai, and Abu Dhabi, as well as 1,558 branches and 2453 ATMs. One of IndusInd Bank’s best financial products is a Fixed Deposit. IndusInd Bank offers a variety of choices for FD accounts.
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Key Features of IndusInd Bank Fixed Deposit Schemes
- Inadvertent withdrawal: Except for the tax-saving FD, all IndusInd Bank FDs can be withdrawn before maturity. 1 percent of the contracted interest rate is the penalty for withdrawing the investment early.
- Facility for nomination: Beneficiaries for IndusInd Bank FDs can be named by investors.
- Auto-renewal: Investors can choose to have their IndusInd Bank FDs automatically renew.
- Safety: All deposits made to IndusInd Bank are covered by the RBI’s Deposit Insurance Scheme. The plan covers all deposits made to IndusInd Bank up to a maximum of INR 50,000.
- Additional sums due: Once an IndusInd Bank FD has started, investors can’t put any more money in. However, they can use the new sum to open a new IndusInd Bank FD.
Types of IndusInd Bank FD Schemes
With a fixed-income scheme, you can earn a guaranteed income without having to take on any additional risk. However, these schemes tend to have lower interest rates and may not be as attractive for investors who want to make short-term investments. On the other hand, with an equity scheme, you have the opportunity to gain exposure to the underlying assets of the bank (such as stocks or bonds) at a certain cost of risk. However, these schemes can also be more volatile and subject to market risks. It is important to consider your specific financial goals and needs when choosing a bank FD scheme.
Regular Fixed Deposit Account
- This term deposit plan offers flexible tenure, multiple interest payment options, and hassle-free online booking—especially for IndusInd customers.
- Tenure: From six months to ten years Minimum Deposit: Maximum Deposit of Rs 10,000: Tax Saver FD: Rs 10 lakh (Rs 90,000 for new
- customers: Under Section 80C of the Income Tax Act, the depositor is eligible for tax benefits if they hold an FD for at least five years. Interest
- Payout: This term deposit product offers interest payout options at maturity, monthly, quarterly, and half-yearly.
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IndusInd Deposit Plus Account
- This term deposit plan offers the opportunity to earn higher returns by investing interest income in mutual funds through the Systematic Investment Plan (SIP)
- Tenor: Minimum Deposit From 7 Days to 120 Months: Protection of Rs 10,000 in assets: An FD provides maximum capital protection to any bank because the principal remains invested.
- Interest Payout: The depositor’s savings or current account will receive interest from IndusInd Deposit Plus, which will then be invested through a SIP in a mutual fund that the depositor selects.
- To be eligible for the Deposit Plus Scheme, the minimum monthly interest payment must be Rs 1,000.
- Insufficient funds and premature withdrawal: The Deposit Plus Account offers both of these services.
- Eligibility: A Deposit Plus Account can be opened by any resident with an IndusInd savings or current account and any non-resident with an IndusInd NRE or NRO account (excluding minors).
IndusInd Bank Green Fixed Deposit
- It uses the funds from the Green Fixed Deposit scheme to finance or refinance assets that are in line with the Sustainable Development Goals of the United Nations (such as energy efficiency, agriculture, renewable energy, forestry, waste management, sustainable food production, and reducing greenhouse gas emissions).
- More of an interest: Extra interest of 0.75 percent per annum will be paid to anyone over the age of 60. for deposits less than Rs 2 crore (NRO/NRE deposits are not eligible).
- Insurance: This FD’s deposits are protected by insurance worth up to Rs 5 lakh.
- Inadvertent withdrawal: Premature withdrawal fees amount to one percent of the total value of the FD.
- Green Document: A “Green Certificate” will be provided to depositors in addition to their usual FD advice.
- Eligibility: Individuals, Hindu Undivided Families (HUFs), Sole Proprietors, Partnership firms, Limited Companies, Guardians (on behalf of a minor), Societies, Clubs, Trusts, and Associations are all eligible to open the IndusInd Bank Green FD Account.
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IndusInd Bank Senior Citizens Savings Scheme
- For senior citizens, this FD scheme offers higher interest rates on term deposits. The minimum deposit amount is: Tenor, 10,000 INR:
- Interest Rate: From 7 days to 120 months 0.75 percent higher than the term deposit interest rate for regular customers Joint Deposits: Under this plan, a senior citizen’s first name should be used for a joint deposit account.
- Use in Business: This scheme’s deposits should not be used for commercial purposes as collateral or security.
- Premature Exit: The Senior Citizens Savings Scheme allows early withdrawals by breaking the FD before the maturity date.
IndusInd Sweep In/Sweep Out
- By transferring the excess amount beyond a threshold limit in the term deposits or breaking those deposits in case of insufficient balance in those accounts, this scheme enables individuals to get higher returns while guaranteeing liquidity without incurring any additional costs.
- Minimum Amount Deposited: applicable depending on the type of current or savings bank account that is being used.
- Tenor: Premature Closure: 30 days to 24 months The sweep in/sweep out scheme includes the provision for premature withdrawal.
- Eligibility: This plan works best for people or businesses whose current or savings bank accounts see regular inflows and outflows.
NRE Fixed Deposit
- It is a term deposit plan in the Indian rupee for PIOs and non-resident Indians to deposit foreign income. 1 to 10 years
- Taxes: In India, the interest on a NRE FD account is completely tax-free.
- Interest: The quarterly compounding of NRE FD interest occurs.
- To earn interest on their deposit, depositors must keep the money in their NRE FD account for at least one year.
- Repatriation of Funds: The principal and interest that are deposited in the NRE deposit account can be returned in full.
NRO Fixed Deposit
- NRIs and PIOs who want to invest their India-based income should consider this Indian rupee term deposit plan.
- Tenure: Taxation: 7 days to 10 years In addition to the applicable surcharge and cess, the interest earned on the NRO FD account is subject to a 30% tax.
- Interest: The quarterly compounding of NRO FD interest is done. To earn interest on their deposit, the depositor must keep the money in the account for at least one year.
- Repatriation of Funds: For legitimate purposes, the RBI allows repatriation of up to one million dollars (or an equivalent amount) in a single fiscal year.
FCNR Deposit for NRI
- NRI depositors can keep their overseas earnings in foreign currency with this term deposit plan without having to convert them into Indian rupees to protect themselves from exchange rate risk.
- Tenure: 1 to 5 years Taxes: In India, the interest on an NRI’s FCNR Deposit is completely tax-free. Interest: The NRO FD’s interest is compounded every
- half year To earn interest on their deposit, the depositor must keep the money in the account for at least one year. Repatriation of Funds: Both principal and interest deposits in the FCNR deposit account are fully repatriable.
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IndusInd Bank FD Rates for Deposits Less than Rs.2 crore
| Tenure | Interest rate for general public (p.a.) | Interest rate for senior citizen (p.a.) |
| 7 days to 14 days | 3.50% | 4.00% |
| 15 days to 30 days | 3.50% | 4.00% |
| 31 days to 45 days | 4.00% | 4.50% |
| 46 days to 60 days | 4.50% | 5.00% |
| 61 days to 90 days | 4.60% | 5.10% |
| 91 days to 120 days | 4.75% | 5.25% |
| 121 days to 180 days | 5.00% | 5.50% |
| 181 days to 210 days | 5.75% | 6.25% |
| 211 days to 269 days | 5.80% | 6.30% |
| 270 days to 354 days | 6.00% | 6.50% |
| 355 days to 364 days | 6.25% | 6.75% |
| 1 Year to below 1 Year 6 Months | 7.00% | 7.50% |
| 1 Year 6 Months to below 1 Year 7 Months | 7.25% | 7.75% |
| 1 Year 7 Months to below 2 Years | 7.25% | 7.75% |
| 2 Years up to 2 Years 1 Month | 7.50% | 8.25% |
| Above 2 Years 1 Month to below 2 years 6 Months | 7.50% | 8.25% |
| 2 years 6 Months to below 2 years 9 Months | 7.50% | 8.25% |
| 2 years 9 Months to 3 years 3 months | 7.50% | 8.25% |
| Above 3 years 3 months to below 61 month | 7.25% | 8.00% |
| 61 month and above | 7.00% | 7.75% |
| Indus Tax Saver Scheme (5 years) | 7.25% | 8.00% |
IndusInd Bank FD Rates for Deposits Rs.2 crore to less than Rs.5 crore
| Tenure | Interest rate for general public (p.a.) | Interest rate for senior citizen (p.a.) |
| 7 days to 14 days | 4.90% | 5.40% |
| 15 days to 30 days | 5.00% | 5.50% |
| 31 days to 45 days | 5.25% | 5.75% |
| 46 days to 60 days | 5.50% | 6.10% |
| 61 days to 90 days | 6.00% | 6.50% |
| 91 days to 120 days | 6.25% | 6.75% |
| 121 days to 180 days | 6.50% | 7.00% |
| 181 days to 210 days | 6.60% | 7.10% |
| 211 days to 269 days | 6.65% | 7.15% |
| 270 days to 354 days | 6.75% | 7.25% |
| 355 days to 364 days | 6.85% | 7.35% |
| 1 Year to below 1 Year 6 Months | 7.25% | 7.75% |
| 1 Year 6 Months to below 1 Year 7 Months | 7.25% | 7.75% |
| 1 Year 7 Months to below 2 Years | 7.25% | 7.75% |
| 2 Years up to 2 Years 1 Month | 7.50% | 8.25% |
| Above 2 years 1 month to below 2 years 6 Months | 7.50% | 8.25% |
| 2 years 6 Months to below 2 years 9 Months | 7.50% | 8.25% |
| 2 years 9 Months to 3 years 3 months | 7.50% | 8.25% |
| Above 3 years 3 months to below 61 month | 7.25% | 8.00% |
| 61 month and above | 7.00% | 7.75% |
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Indusind Bank FD Rates for Deposits of Rs.1 crore to less than Rs.5 crore
| Tenure | Interest rate for general public (p.a.) | Interest rate for senior citizen (p.a.) |
| 7 days to 14 days | 4.90% | 5.30% |
| 15 days to 30 days | 5.00% | 5.40% |
| 31 days to 45 days | 5.35% | 5.75% |
| 46 days to 60 days | 5.60% | 6.00% |
| 61 days to 90 days | 6.10% | 6.50% |
| 91 days to 120 days | 6.35% | 6.75% |
| 121 days to 180 days | 6.60% | 7.00% |
| 181 days to 210 days | 6.70% | 7.10% |
| 211 days to 269 days | 6.75% | 7.15% |
| 270 days to 354 days | 6.85% | 7.25% |
| 355 days to 364 days | 7.00% | 7.40% |
| 1 Year to below 1 Year 6 Months | 7.50% | 7.90% |
| 1 Year 6 Months to below 1 Year 7 Months | 7.50% | 7.90% |
| 1 Year 7 Months to below 2 Years | 7.50% | 7.90% |
| 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 | 7.40% | 7.90% |
| 61 month and above | 7.10% | 7.60% |
IndusInd bank FD Calculator
The IndusInd Fixed Deposit Calculator can be used to determine the maturity amount and interest that the depositor will receive. Before making an investment in a fixed deposit, it is highly recommended to compare the maturity amount to the current interest rates because the IndusInd FD interest rates are subject to change. The tool only needs a small amount of information, like the amount to be deposited and the period of time it will be held. Customers must also provide the fixed deposit rate, which will be used to calculate the maturity amount, in addition to these two inputs.
Advantages of Using Indusind Bank FD Calculator
The amount of a fixed deposit with IndusInd Bank, the applicable interest rate, the duration of the deposit, and the kind of interest calculation frequency all play a role in determining the interest that is earned on that deposit. An IndusInd Bank FD’s interest rate can be determined monthly, quarterly, semiannually, or annually. Interest rates for senior citizens are higher than those offered to other IndusInd Bank FD customers. The calculator also offers the following advantages:
- You might get answers right away about the whole amount you’ll get when you reach maturity.
- The interest rates can be changed to suit your needs.
- The number of times the interest rate is compounded is up to you.
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