IndusInd Bank Fixed Deposit Interest Rate

Fixed Deposit or FD is a good interest rate investment option. IndusInd Bank offers a Fixed Deposit Account with a high interest rate. Fixed Deposit can open for the duration of a minimum of 7 days and a maximum of ten years. Fixed Deposit gives you a high-interest rate on your deposit amount. The Deposit minimum amount is depending upon the bank.

Benefits of IndusInd Bank Fixed Deposit

  • You get a higher interest rate on your fixed Deposit while comparing with saving accounts.
  • Multiple fixed deposits can open.
  • Allahabad Bank also gives a loan on your fixed Deposit so that, you don’t need to break your Deposit for your need.
  • You can get an Rs.1.5 lakh exemption under Section 80 C of the Income Tax Act, 1961.
  • If you are a senior citizen, then you will get a high-interest rate on your Fixed Deposit account.

Fixed Deposit Eligibility

  • Fixed Deposits can open the name of Individual, Joint, Society, Company, Partnership, etc.
  • The applicant must have a savings account in the bank.

Income Tax Facts on IndusInd Bank Fixed Deposit Interest

If you are looking for income tax fact on Fixed Deposit interest, then you can check below:

  • If Fixed Deposit interest is less then Rs. 40, 000/-, then the IndusInd Bank will deduct TDS on interest.
  • Interest earned on Fixed Deposit is taxable. It will treat as Income from Other Sources.
  • If you don’t want to pay any TDS on Fixed Deposit, then you have to submit Form 15G and Form 15H in IndusInd Bank.
See also  Central Bank of India Fixed Deposit Interest Rate

IndusInd Bank Tax Benefit Fixed Deposit

  • Interest Rate is 6.5% for 5 years term deposits.
  • The amount can not withdraw before five years.
  • The deposit account can not transfer to another bank.

IndusInd Bank Fixed Deposit Interest Rate

Maturity Period *DOMESTIC(RESIDENT)  DEPOSITS/ NRO DEPOSITS NRE DEPOSITS
<2 crore < 2Cr
Rates p.a.(%) Annualised Yield* Rates p.a.(%) Annualised Yield*
7 days to 14 days 4.00 4.00
15 days to 30 days 4.25 4.25
31 days to 45 days 5.00 5.00
46 days to 60 days 5.50 5.50
61 days to 90 days 5.50 5.50
91 days to 120 days 5.75 5.75
121 days to 180 days 5.75 5.79
181 days to 210 days 6.00 6.04
211 days to 269 days 6.00 6.09
270 days or below 1 years 6.25 6.35
1 Years to 1 Years 2 Months 6.65 6.82 6.65 6.82
Above 1 Years 2 Months to below 1 Years 4 Months 6.65 6.87 6.65 6.87
1 Year 4 Months to below 2 Years 6.75 7.04 6.75 7.04
2 years to below 2 years 6 Months 6.75 7.16 6.75 7.16
2 years 6 Months to below 2 years 9 Months 6.75 7.35 6.75 7.35
2 years 9 Months to below 3 years 6.75 7.41 6.75 7.41
3 years to below 61 month 6.75 7.68 6.75 7.68
61 month and above 6.65 7.81 6.65 7.81
Indus Tax Saver Scheme (5 years) 6.75 7.95 NA NA
See also  Bank of India Fixed Deposit Interest Rate

FD Rates

**Premature Withdrawal Allowed ***Premature Withdrawal Not Allowed
(Only for Non-Individuals)
FD Amount 2 crore to less than 5 crores # 1 crore to less than 5 crores
Maturity Period Rate p.a.(%) Annualised Yield* Rate p.a.(%) Annualised Yield*
7 days to 14 days 4.00 4.00 4.00 4.00
15 days to 30 days 4.25 4.25 4.25 4.25
31 days to 45 days 5.00 5.00 5.00 5.00
46 days to 60 days 5.50 5.50 5.50 5.50
61 days to 90 days 5.50 5.50 5.50 5.50
91 days to 120 days 5.75 5.75 5.75 5.75
121 days to 180 days 5.65 5.65 5.75 5.75
181 days to 210 days 5.90 5.94 6.00 6.04
211 days to 269 days 5.90 5.99 6.00 6.09
270 days or below 1 years 6.15 6.25 6.25 6.35
1 Years to 1 Years 2 Months 6.55 6.71 6.65 6.82
Above 1 Years 2 Months to below 1 Years 4 Months 6.55 6.77 6.65 6.87
1 Year 4 Months to below 2 Years 6.65 6.93 6.75 7.04
2 years to below 2 years 6 Months 6.65 7.05 6.75 7.16
2 years 6 Months to below 2 years 9 Months 6.65 7.23 6.75 7.35
2 years 9 Months to below 3 years 6.65 7.29 6.75 7.41
3 years to below 61 month 6.65 7.55 6.75 7.68
61 month and above 6.65 7.81 6.65 7.81
Indus Tax Saver Scheme (5 years) NA NA NA NA
See also  J&K Bank Fixed Deposit Interest Rate

FCNR / RFC* Deposits

Period USD GBP EUR JPY CAD AUD
1yr  < 2 yrs 2.90 1.55 0.01 0.02 2.04 0.72
2 yrs< 3 yrs 2.25 1.40 0.01 0.01 1.76 0.66
3 yrs< 4yrs 1.90 1.15 0.01 2.95 1.73 0.66
4 yrs< 5 yrs 1.65 0.92 0.01 0.01 1.71 0.78
5 yrs 1.60 0.88 0.01 2.95 1.69 0.83

Recurring Deposits

Tenure Interest Rate p.a.(%) Senior Citizen Rates p.a.(%)
09 Months 6.25 6.75
12 Months 6.65 7.15
15 Months 6.65 7.15
18 Months 6.75 7.25
21 Months 6.75 7.25
24 Months 6.75 7.25
27 Months 6.75 7.25
30 Months 6.75 7.25
33 Months 6.75 7.25
3 years  – less than 5 years 6.75 7.25
61 month and above 6.65 7.15

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