IndusInd Bank has announced new Fixed Deposit (FD) interest rates, providing a great opportunity for customers to invest.
The bank has revised the FD interest rates, especially for those planning to invest for periods ranging from 1 year and 5 months to 1 year and 6 months, where the bank is offering the highest interest.
Experts believe that the Reserve Bank of India (RBI) may soon lower the repo rate, which could result in lower FD interest rates. Therefore, locking in an FD now can help you earn higher interest before any rate cuts.
Revised FD Interest Rates at IndusInd Bank
IndusInd Bank has updated its FD rates for deposits below Rs 3 crore. The bank is offering interest rates between 3.50% and 7.75% for regular customers.
Senior citizens can earn an additional 0.50% interest, with their rates going up to 8.49%. The new rates are effective from November 26, 2024.
Here is a breakdown of the updated FD interest rates at IndusInd Bank
7 to 30 days: 3.50%
31 to 45 days: 3.75%
46 to 60 days: 4.75%
61 to 90 days: 4.75%
91 to 120 days: 4.75%
121 to 180 days: 5.00%
181 to 210 days: 5.85%
211 to 269 days: 6.10%
270 to 354 days: 6.35%
355 to 364 days: 6.50%
1 year to 1 year 3 months: 7.75%
1 year 3 months to 1 year 4 months: 7.75%
1 year 4 months to 1 year 5 months: 7.75%
1 year 5 months to 1 year 6 months: 7.75%
1 year 6 months to 2 years: 7.99%
2 years to 3 years: 7.25%
3 years to 5 years: 7.25%
5 years and above: 7.00%
Tax-saving FD (5 years): 7.25%
