Indusland Bank offers maximum interest rate of 8.25% for senior citizens and 8.75% for general people for the 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 a domestic deposit amount less than 1 crore, the maximum interest rate is 8.00% for general and 8.50% 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 7.50%, and the scheme remains for 5 years period.
For NR0 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 NR0 Fixed deposit of amount less than Rs. 15 lakhs, the maximum interest rate is also 8.25% at the maturity period of 1 year to less than 1 year 2 months.
Upon going with NRE Fixed deposit for the amount less than Rs. 1 crore, the maximum interest rate remains 8.00%, and the maturity period is 1 year to less than 1 year 2 months. You can go through the official website for complete detail. Below rates are effective from 1 February 2019.
Fixed Deposit Interest rates for IndusInd Bank February 2019 (Domestic/NRO accounts):
| Time Period | Interest Rates (For Amount Below 1 Crore) | Interest Rates (For Amount 1 to 5 Crore) |
| 7 Days to 14 Days | 3.75% | 4.50% |
| 15 Days to 30 Days | 4.25% | 4.75% |
| 31 Days to 45 Days | 5.75% | 6.50% |
| 46 Days to 60 Days | 6.00% | 6.50% |
| 61 Days to 120 Days | 6.50% | 7.00% |
| 121 Days to 180 Days | 6.75% | 7.25% |
| 181 Days to 270 Days | 7.25% | 7.50% |
| 271 Days to 1 Year | 7.50% | 7.70% |
| 1 Year | 8.00% | 8.25% |
| 1 Year to 2 Years | 8.00% | 8.25% |
| 2 Years to 3 Years | 7.50% | 7.75% |
| 3 Years to 5 Years | 7.50% | 7.75% |
| 5 Years to 10 Years | 7.25% | 7.25% |
| Above 10 Years | 6.50% | 7.25% |
IndusInd NRE Fixed Deposit rates February 2019 (Below 1 crore):
| Maturity Period | Interest rate
(% p.a.) |
|---|---|
| 1 Year to 2 Years | 8.00% |
| 2 Years to 3 Years | 7.50% |
| 3 Years to 5 Years | 7.50% |
| Above 5 Years | 7.25% |
Table updated: 19 February 2019
Important notes:
- Additional .50 interest is applicable for senior citizens for the amount below 5 crores ( Not applicable for NRE deposits).
- 1% penalty will be charged for premature closing accounts.
- No interest will be paid for the closing account before 1 year in case of NRE deposits.
IndusInd Bank Fixed Deposit Interest Calculator
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Check out more details from official bank website @http://www.indusind.com/content/home/footer/rates.html
View Comments (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 .