look news india
The bank has changed the interest rates on FDs ranging from 7 days to 10 years for common citizens. During this period, common citizens will get interest between 3.50% to 7.75% on FD. Maximum interest of 7.75% is given on FD maturing between 1 year to 2 years.
indusind bank FD interest rate
The latest FD rates for senior citizens have also been revised. If senior citizens of the bank make FD for a period ranging from 7 days to 10 years, then the profit will be between 4% to 8.25% depending on the interest rate. The maximum interest rate on FD maturing between 1 year to 2 years is 7.75%.
indusind bank FD interest
7 days to 14 days: For general public – 3.5 percent; For senior citizens – 4 percent
15 days to 30 days: For general public – 3.5 percent; For senior citizens – 4 percent
31 days to 45 days: For general public – 3.75 percent; For senior citizens – 4.25 percent
46 days to 60 days: For general public – 4.75 percent; For senior citizens – 5.25 percent
61 days to 90 days: For general public – 4.75 percent; For senior citizens – 5.25 percent
91 days to 120 days: For general public – 4.75 percent; For senior citizens – 5.25 percent
121 days to 180 days: For general public – 5 percent; For senior citizens – 5.5 percent
181 days to 210 days: For general public – 5.85 percent; For senior citizens – 6.35 percent
211 days to 269 days: For general public – 6.1 percent; For senior citizens – 6.6 percent
270 days to 354 days: For general public – 6.35 percent; For senior citizens – 6.85 percent
355 days to 364 days: For general public – 6.5 percent; For senior citizens – 7 percent
Less than 1 year 1 year 3 months: For General Public – 7.75 percent; For senior citizens – 8.25 percent
1 year 3 months to 1 year 4 months: For general public – 7.75 percent; For senior citizens – 8.25 percent
1 year 4 months to 1 year 6 months: For general public – 7.75 percent; For senior citizens – 8.25 percent
1 year 6 months to 2 years: For general public – 7.75 percent; For senior citizens – 8.25 percent
Above 2 years and up to 2 years 6 months: For general public – 7.25 percent; For senior citizens – 7.75 percent
2 years 6 months to 2 years 7 months: For general public – 7.25 percent; For senior citizens – 7.75 percent
2 years 7 months to 3 years 3 months: For general public – 7.25 percent; For senior citizens – 7.75 percent
3 years 3 months to 61 months: For general public – 7.25 percent; For senior citizens – 7.75 percent
61 months and above: For general public – 7 percent; For senior citizens – 7.5 percent
Indus Tax Savings Scheme (5 years): For general public – 7.25 percent; For senior citizens – 7.75 percent
How to calculate interest on bank fixed deposits?
According to IndusInd Bank website, “FD is a safe investment in which you will earn interest on the amount deposited for a chosen period – simple interest and compound interest. The interest on fixed deposits is not the same for all tenures.
To invest wisely, you should check the interest rate table available on the bank's website. Banks offer more attractive interest rates for senior citizens as compared to general citizens. There is not much difference in interest rates between the two but senior citizens benefit more.