Indusind Bank Savings Account Interest Rate
Domestic /NRO/ NRE/Senior Citizen Deposit Rates (all in %)
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| w.e.f. December 30th, 2020 | < 2 Cr* (Domestic /NRO/NRE deposits)NRE deposit rates applicable only forTenure 1 year 1 day onwards | < 2 Cr* (Senior Citizen)Not applicable for NRO/NRE deposits | ||
| Tenure | Rates p.a.(%) | Annualised Yield* | Rates p.a.(%) | Annualised Yield* |
| 7 days to 14 days | 3.00 | 3.00 | 3.50 | 3.50 |
| 15 days to 30 days | 3.00 | 3.00 | 3.50 | 3.50 |
| 31 days to 45 days | 3.40 | 3.40 | 3.90 | 3.90 |
| 46 days to 60 days | 3.75 | 3.75 | 4.25 | 4.25 |
| 61 days to 90 days | 4.00 | 4.00 | 4.50 | 4.50 |
| 91 days to 120 days | 4.25 | 4.25 | 4.75 | 4.75 |
| 121 days to 180 days | 4.50 | 4.53 | 5.00 | 5.03 |
| 181 days to 210 days | 5.25 | 5.28 | 5.75 | 5.79 |
| 211 days to 269 days | 5.50 | 5.58 | 6.00 | 6.09 |
| 270 days or below 1 year | 5.75 | 5.83 | 6.25 | 6.35 |
| 1 Year to 1 Year 2 Days | 6.50 | 6.61 | 7.00 | 7.12 |
| 1 Year 3 Days to 1 Year 2 Months | 6.50 | 6.66 | 7.00 | 7.19 |
| Above 1 Year 2 Months to below 1 Year 6 Months | 6.50 | 6.71 | 7.00 | 7.25 |
| 1 Year 6 Months to below 1 Year 7 Months | 6.50 | 6.77 | 7.00 | 7.31 |
| 1 Year 7 Months to below 2 Years | 6.50 | 6.77 | 7.00 | 7.31 |
| 2 years to below 2 years 6 Months | 6.50 | 6.88 | 7.00 | 7.44 |
| 2 years 6 Months to below 2 years 9 Months | 6.50 | 7.05 | 7.00 | 7.65 |
| 2 years 9 Months to below 3 years | 6.50 | 7.11 | 7.00 | 7.71 |
| 3 years to below 61 month | 6.50 | 7.36 | 7.00 | 8.00 |
| 61 month and above | 6.25 | 7.27 | 6.75 | 7.95 |
| Indus Tax Saver Scheme (5 years) | 6.50 | 7.61 | 7.00 | 8.30 |
- With a shopping limit of Rs. 2,50,000 per day and ATM cash withdrawal limit of Rs. 1,25,000 per day, the IndusInd Platinum plus debit card has accompanied me on various shopping escapades. The bank also offers high interest rate on savings account.
- About a month after raising the savings account interest rate to 7% for balances up to ₹ 1 lakh, IDFC First Bank has cut savings account interest rates to 6%. The cut applies to balances below.
- IndusInd Bank is not obligated to update the information contained in the forex rate list available on the Bank's website, and the service of providing forex rates may be discontinued at any time without notice.
The interest would be paid on daily balances in Saving Account as follows 4% p.a. For daily balance upto Rs.1 lacc 5% p.a. On balance above Rs.1 lac and upto Rs.10 lacs 6% p.a. On balance above Rs.10 lacs.
*Interest is compounded quarterly. Annualized yield is effective annual return basis the same.
# Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days.
| Please Note |
| **Penal interest rate charge of 1% would apply on premature withdrawal. ***Premature withdrawal is not allowed on Non-Callable FDs (FDs where Premature Withdrawal is Not Allowed) for value greater than equal to 1 cr. Non-Callable FDs are allowed only for Non-Individuals. # Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days. Income more than tax exempted limits earned through interest on FD is tax deductible. In the absence of PAN card, TDS will be deducted at 20%. NRE deposit rates are applicable only for Tenure 1 year 1 day onwards. |
| Senior Citizens - Additional interest rate on Domestic Term Deposits |
| *An additional interest rate of 0.50% over and above the card rates is applicable for Term Deposits of Senior citizens (Age 60 years & above) for value below Rs. 2 cr. (Not applicable for NRO/NRE deposits). However, in case the senior citizen opts to place deposits of value greater than or equal to 2 Cr, the benefit of additional interest shall not be available. |
FD Rates w.e.f. December 30th, 2020
| Maturity Period | 2 crore to less than 5 crores- Premature Withdrawal Allowed** | 1 crore to less than 5 crores- Premature Withdrawal Not Allowed*** | ||
| (Only for Non-Individuals) | ||||
| Rate | Annualised Yield* | Rate | Annualised Yield* | |
| 7 days to 14 days | 3.00 | 3.00 | 3.00 | 3.00 |
| 15 days to 30 days | 3.00 | 3.00 | 3.00 | 3.00 |
| 31 days to 45 days | 3.25 | 3.25 | 3.25 | 3.25 |
| 46 days to 60 days | 3.50 | 3.50 | 3.60 | 3.60 |
| 61 days to 90 days | 3.75 | 3.75 | 3.85 | 3.85 |
| 91 days to 120 days | 4.00 | 4.00 | 4.10 | 4.10 |
| 121 days to 180 days | 4.25 | 4.25 | 4.35 | 4.35 |
| 181 days to 210 days | 5.00 | 5.03 | 5.10 | 5.13 |
| 211 days to 269 days | 5.25 | 5.32 | 5.35 | 5.42 |
| 270 days or below 1 year | 5.60 | 5.68 | 5.75 | 5.83 |
| 1 Year to 1 Year 2 Days | 6.25 | 6.35 | 6.35 | 6.45 |
| 1 Year 3 Days to 1 Year 2 Months | 6.25 | 6.40 | 6.35 | 6.50 |
| Above 1 Year 2 Months to below 1 Year 6 Months | 6.40 | 6.61 | 6.50 | 6.71 |
| 1 Year 6 Months to below 1 Year 7 Months | 6.40 | 6.66 | 6.50 | 6.77 |
| 1 Year 7 Months to below 2 Years | 6.40 | 6.66 | 6.50 | 6.77 |
| 2 years to below 2 years 6 Months | 6.40 | 6.77 | 6.50 | 6.88 |
| 2 years 6 Months to below 2 years 9 Months | 6.40 | 6.94 | 6.50 | 7.05 |
| 2 years 9 Months to below 3 years | 6.40 | 6.99 | 6.50 | 7.11 |
| 3 years to below 61 month | 6.40 | 7.23 | 6.50 | 7.36 |
| 61 month and above | 6.15 | 7.14 | 6.25 | 7.27 |
| Indus Tax Saver Scheme (5 years) | NA | NA | NA | NA |
FCNR / RFC* Deposits - w.e.f. December 1st, 2020
| Period | USD | GBP | EUR | JPY | CAD | AUD |
| 1yr < 2 yrs | 2.22 | 1.85 | 1.48 | 0.02 | 2.62 | 2.00 |
| 2 yrs< 3 yrs | 2.26 | 2.00 | 1.48 | 0.01 | 2.50 | 2.08 |
| 3 yrs< 4yrs | 2.00 | 1.55 | 1.30 | 2.95 | 2.45 | 2.30 |
| 4 yrs< 5 yrs | 1.75 | 1.55 | 1.15 | 0.01 | 2.45 | 2.35 |
| 5 yrs | 1.70 | 1.70 | 1.10 | 2.96 | 2.30 | 2.30 |
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| In case of pre-mature withdrawal of FCNR (B) deposits, |
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| In case of premature closure of NRE / FCNR/ RFC Term deposit the interest rate payable will as under: |
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| Method of calculation of interest: |
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| Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per regulatory directives. |
Recurring Deposits Rates w.e.f. December 30th, 2020
| Tenure | Interest Rate p.a.(%) | Senior Citizen Rates p.a.(%) |
| 09 Months | 5.75 | 6.25 |
| 12 Months | 6.50 | 7.00 |
| 15 Months | 6.50 | 7.00 |
| 18 Months | 6.50 | 7.00 |
| 21 Months | 6.50 | 7.00 |
| 24 Months | 6.50 | 7.00 |
| 27 Months | 6.50 | 7.00 |
| 30 Months | 6.50 | 7.00 |
| 33 Months | 6.50 | 7.00 |
| 3 years to below 61 month | 6.50 | 7.00 |
| 61 month and above | 6.25 | 6.75 |
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Documents
- Passport-size photograph
- Aadhaar card
- Passport
- Voter’s Identity Card (Election Card)
Indusind Bank Savings Account Interest Rates
Is Indusind Bank Safe For Fd
- Passport-size photograph
- Aadhaar card
- Passport
- Voter’s Identity Card (Election Card)
- Permanent and valid driving license with photograph.
- Job Card issued by NREGA duly signed by an officer of the State Government.
- If you have a PAN card, it is mandatory to provide it when opening your account.
- Note that your PAN card proves who you are (identity) but does not carry your address. With your PAN card, you can book deposits greater than Rs 50000, buy and sell mutual funds and shares, and do a lot more. Your PAN assures us that your transactions are income-tax compliant.