Indusland Bank offers maximum interest rate of 8.00% for senior citizens and 8.50% for general people for domestic deposit amount of more than Rs. 15 lakh (maximum 1 Crore), and the maturity period for the same is 2 years 6 months to less than 2 years 9 months.

However, upon going for domestic deposit amount less than 15 lakh, the maximum interest rate is 9% for general, and 9.5 % for senior citizens.

If you go for Tax Saver Fixed deposit of the amount Rs. 1 lakh per financial year, then the interest rate would be 8.75%, and the scheme remains for 5 years period.

For NRO Fixed deposit of amount more than 15 lakh to Rs. 1 crore, the maximum interest rate remains 8.00 % at the maturity period of 1 year to less than 1 year 2 months. For NRO Fixed deposit of amount less than Rs. 15 lakhs, the maximum interest rate is also 8.00% at the maturity period of 1 year to less than 1 year 2 months.

IndusInd Bank FD Interest RatesUpon going with NRE Fixed deposit for amount less than Rs. 1 crore, the maximum interest rate remains 8.00%, and the maturity period is 1 years to less than 1 year 2 months. You can go through the official website for complete detail. Below rates are effective from 7 October, 2016.

Fixed Deposit interest rates for Indusind Domestic/NRO accounts:

Time PeriodInterest Rates (For Amount Below 15 lacs) Interest Rates (For Amount 15 Lacs-1 Crore)
7 – 14 Days3.504.00
15 – 30 Days4.505.00
31 – 45 Days5.506.00
46 – 60 Days6.006.50
61 – 90 Days6.507.00
91 Days – 180 Days7.00-7.507.50-7.75
181 Days – 270 days7.757.75
271 Days – 1 year7.757.75
1 Year8.008.00
1 Year – 2 Years7.757.75
2 Years – 3 Years7.757.75
3 Years – 5 Years7.757.75
5 Years – 10 Years7.507.50
Above 10 Years7.507.50

NRE fixed deposit rates Below 1 crore:

 Maturity PeriodInterest rate

(% p.a.)

 1-2 years 8.00-7.75
 2-3 years 7.75-7.90
 3-5 years 7.75
 above 5 years 7.50

Table updated: 5 April, 2016

Calculate maturity value now

Important notes:

  • Additional .50 interest is applicable for senior citizens for amount below 5 crore ( Not applicable for NRE deposits).
  • 1% penalty will be charged for premature closing accounts.
  • No interest will be paid for closing account before 1 year in case of NRE deposits.

Check out more details from official bank website @http://www.indusind.com/content/home/footer/rates.html

1 Comment

  1. Sir , i want to activate a fd with Rs 1000000/ for 5 year . Can you give me the full detail regarding same . like interest rate / maturity value after 5 year etc .

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