The current IndusInd Bank fixed deposit (FD) interest rates make it a compelling option for conservative investors. With rates available up to 8.25% per annum, an FD with IndusInd Bank delivers stable, predictable returns while preserving your capital against market volatility. This makes it suitable for savers seeking security alongside steady income until maturity.
Below you will find the latest IndusInd Bank FD rates and key benefits associated with this investment option. Review the tenures and rates carefully to choose a term that best aligns with your financial goals.
IndusInd FD Rates on Deposits Below ₹2 Crores
The IndusInd Bank FD rates listed here apply equally to:
- Domestic FDs
- NRO FDs
- NRE FDs
Refer to the table for current rates by tenure.
| Tenure | Regular Investors (Domestic/NRO/NRE deposits) (in % p.a.) | Senior Citizens (Not applicable for NRE/NRO deposits) (in % 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 | 3.75 | 4.25 |
| 46 days to 60 days | 4.75 | 5.25 |
| 61 days to 90 days | 4.75 | 5.25 |
| 91 days to 120 days | 4.75 | 5.25 |
| 121 days to 180 days | 5.00 | 5.50 |
| 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 to below 1 Year 7 Months | 7.75 | 8.25 |
| 1 Year 7 months to 2 Years | 7.75 | 8.25 |
| Above 2 Years to 2 Years 1 Month | 7.25 | 7.75 |
| Above 2 Years 1 Month to below 2 years 6 Months | 7.25 | 7.75 |
| 2 years 6 Months to below 2 years 9 Months | 7.25 | 7.75 |
| 2 years 9 Months to 3 years 3 months | 7.25 | 7.75 |
| Above 3 years 3 months to below 61 months | 7.25 | 7.75 |
| 61 months and above | 7.00 | 7.50 |
Disclaimer: The rates shown are valid as of February 2024 and may change at the bank’s discretion. Always verify current rates with the bank before booking an FD.
From the table, the most attractive rates in 2024 are for tenures between 12 and 24 months. Select a tenure that helps you maximise returns while fitting your liquidity needs and financial objectives. Keep in mind that rates for deposits between ₹2 crores and ₹5 crores differ, so check the relevant schedule if you plan to invest larger sums.
IndusInd Bank also provides tax-saving options via the 5-year Indus Tax Saver Scheme. Under this scheme, regular investors may receive 7.25% p.a., while senior citizens may get 7.75% p.a.
Why Invest in an IndusInd Bank FD?
An IndusInd Bank FD offers several advantages that appeal to conservative savers and income-focused investors:
- Online Convenience
Opening an FD is simple and quick. The online application can be completed in a few steps using Aadhaar and PAN, and full KYC can be submitted later. You do not need an existing bank account to open an FD online, which speeds up the process.
- No Large Minimum Deposit
The bank allows you to start an FD with a modest minimum deposit of ₹10,000, making it accessible for many savers who want assured returns without waiting to accumulate a large principal.
- Flexible Tenures
Choose from a wide range of tenures, typically from one week up to ten years, allowing you to align your FD with short-, medium-, or long-term goals.
- Different Interest Payout Options
Interest can be paid at maturity or at regular intervals—monthly, quarterly, yearly, or bi-annually—based on your cash flow needs. There is also an auto-renewal option if you wish to remain invested beyond the current term.
- Instant KYC
The bank supports video KYC for faster identity verification, simplifying the onboarding experience.
To benefit from these features and competitive FD rates, consider investing in an IndusInd Bank FD when the terms suit your financial plan. If you need short-term liquidity to bridge a gap, you might explore alternative credit options separately.
FAQs on IndusInd Bank FD Rates
What is the interest rate of FDs in IndusInd Bank?
IndusInd Bank offers FD rates up to 8.25% p.a. Actual rates depend on the type of deposit, the deposit amount, and the chosen tenure.
What is the FD rate in IndusInd Bank in 2024?
For 2024 the published tops are:
- Regular investors: up to 7.50% p.a. for certain tenures
- Senior citizens: up to 8.25% p.a. for certain tenures
Is IndusInd Bank safe for fixed deposits?
Yes. IndusInd Bank is regulated by the Reserve Bank of India (RBI). Deposits are protected up to the insurance limit prescribed by the Deposit Insurance and Credit Guarantee Corporation (DICGC) as applicable.