IndusInd Bank, a private sector lender, has revised its fixed deposit interest rates with effect from December 1, 2023. The bank has revised the interest rates on fixed deposits of less than Rs 2 crore. The highest interest rate that is being offered by IndusInd Bank is 7.5% for general individuals and 8.25% for senior citizens, according to the IndusInd Bank website.
Here’s a compilation of all the FD interest rates for every tenure of IndusInd Bank.
IndusInd Bank FD rates
IndusInd Bank is offering 3.5% and 4.25% interest rate to general individuals and senior citizens, respectively, for an FD of tenure between 7 and 14 days.
For FDs of tenure between 15 and 30 days, IndusInd Bank is offering an interest rate of 3.5% and 4.25% to general individuals and senior citizens respectively.
For FDs of tenure between 31 and 45 days, IndusInd Bank is offering an interest rate of 3.75% and 4.5% to general individuals and senior citizens, respectively.
For FDs maturing between 46 days and 60 days IndusInd Bank is offering 4.25% and 5% interest rate respectively to general individuals and senior citizens.For FDs maturing between 61 days and 90 days IndusInd Bank is offering 4.6% and 5.35% interest rate respectively.For FDs maturing between 91 days and 120 days IndusInd Bank is offering an interest rate of 4.75% and 5.5% to general individuals and senior citizens respectively.
IndusInd Bank is offering an interest rate of 5% and 5.75% for an FD of tenure between 121 and 180 days to general individuals and senior citizens.
Tenure | Interest Rates (Normal) | Interest Rates (Senior citizens) |
7 days to 14 days | 3.50% | 4.25% |
15 days to 30 days | 3.50% | 4.25% |
31 days to 45 days | 3.75% | 4.50% |
46 days to 60 days | 4.25% | 5% |
61 days to 90 days | 4.60% | 5.35% |
91 days to 120 days | 4.75% | 5.50% |
121 days to 180 days | 5% | 5.75% |
181 days to 210 days | 5.85% | 6.60% |
211 days to 269 days | 6.10% | 6.85% |
270 days to 354 days | 6.35% | 7.10% |
355 days to 364 days | 6.35% | 7.10% |
1 Year to below 1 Year 6 Months | 7.50% | 8.25% |
1 Year 6 Months to below 1 Year 7 Months | 7.50% | 8.25% |
1 Year 7 months up to 2 Years | 7.50% | 8.25% |
Above 2 Years up to 2 Years 1 Month | 7.25% | 8% |
Above 2 Years 1 Month to below 2 years 6 Months | 7.25% | 8% |
2 years 6 Months to below 2 years 9 Months | 7.25% | 8% |
2 years 9 Months to 3 years 3 months | 7.25% | 8% |
Above 3 years 3 months to below 61 month | 7.25% | 8% |
61 month and above | 7% | 7.75% |
Indus Tax Saver Scheme (5 years) | 7.25% | 8% |
Source: IndusInd Bank Website
Comparison of FD rates for ICICI, SBI, HDFC, PNB, YES bank
According to the ICICI Bank website, effective from October 16, 2023, the interest rates for FDs range from 3%-7.1%. For senior citizens, ICICI Bank is offering interest rates between 3.5% and 7.65%.
State Bank of India (SBI), effective from February 15, 2023, is offering FD interest rates between 3% and 7.1%. For senior citizens, SBI is offering 3.5% to a maximum of 7.6%. The maximum interest rate offered by SBI is for its Amrit Kalash FD of 400 days tenure.
HDFC Bank, with effect from October 1, 2023, offers FD interest rates in the range of 3% to 7.2% for general investors. The highest interest rate of 7.2% is offered on an FD tenure between four years 7 months and 55 months.
Punjab National Bank (PNB) with effect from November 1, 2023, is offering interest rates from 3.5% to 7.25%. The highest interest rate is being offered on an FD of tenure 444 days for general investors.
YES Bank, effective from November 21, 2023, is offering interest rates between 3.25% and 7.75%. The highest interest rate of 7.75% is offered on an FD of tenure between 18 months and 24 months.