IndusInd Bank Fixed Deposit Rates

IndusInd Bank fixed deposit rates, tailored to suit both regular investors and senior citizens, are now accessible through Stable Money. With attractive interest rates up to 8.49%, IndusInd Bank offers flexible fixed deposit options with tenures starting from just 7 days. Whether you prefer a short-term or long-term investment strategy, IndusInd Bank fixed deposits available on Stable Money provide a reliable way to grow your savings. 

Keep reading to explore the competitive FD rates and benefits that Stable Money offers, partnering with IndusInd Bank.

IndusInd Bank Fixed Deposit Rates for General and Senior Citizens 

IndusInd Bank offers competitive FD rates through Stable Money, making it an excellent choice for regular and senior citizens alike. Senior depositors enjoy an added advantage with preferential rates that are 0.50% higher than those for regular customers. Currently, IndusInd fixed deposit rates range from 3.50% to 7.99% for regular citizens, while senior citizens can earn rates as high as 8.49%.

Term Wise IndusInd Bank Fixed Deposit Rates

The following shows the term-wise FD rates in IndusInd Bank:

• Short-Term: IndusInd Bank offers attractive interest rates for short-term fixed deposits with tenures ranging from 7 days to 365 days. These short-term deposits provide rates between 3.50% and 7.75% for regular customers. Senior citizens benefit from higher rates, ranging from 4.00% to 8.25%, for the same tenure range. For example, if you invest ₹3,00,000 in a 1-year IndusInd Bank FD, you will earn an interest of ₹23,934.45 and your total maturity amount will be ₹3,23,934.45. 
• Medium Term: IndusInd Bank provides medium-term fixed deposits with tenures exceeding 1 year and up to less than 5 years. For these deposits, the IndusInd Bank FD rates range from 7.25% to 7.99% for regular customers. Senior citizens enjoy higher rates, from 7.75% to 8.49%. If you invest ₹3,00,000 for a tenure of 1 year and 5 months at an interest of 7.99%, you will receive an interest of ₹35,588.42. Your total maturity amount will be ₹3,35,588.42. 
• Long-Term Deposits: These deposits come with tenures of 5 years or more. IndusInd Bank provides an interest rate of 7.25% for regular customers and 7.75%  for senior citizens on these FDs. For an investment of ₹3,00,000 in a long-term FD with a 5-year tenure, you will receive ₹4,29,761.90 upon maturity.

Benefits of IndusInd Bank FD Interest

The following are some key benefits of IndusInd Bank fixed deposit rates:

• IndusInd Bank offers a maximum fixed deposit interest rate of 7.99% for regular citizens.
• Senior citizens receive an additional 0.50% interest, allowing them to earn up to 8.49% per annum.
• IndusInd Bank, partnering with Stable Money, offers quarterly compounded interest. 

Eligibility to Avail IndusInd Bank Fixed Deposit Rates

The following is a list of individuals and entities who can enjoy the competitive rate of interest IndusInd Bank offers on its fixed deposits:

• Individuals
• Guardians of Minors
• Hindu Undivided Families (HUFs)
• Sole Proprietorships
• Associations
• Trusts
• Limited Companies
• Partnership Firms
• Societies
• Clubs

Documents Required to Avail IndusInd Bank Fixed Deposit Rates

To avail IndusInd Bank fixed deposit rates, you will need to provide the following documents:

• Identity proof such as PAN card, Aadhar Card, driving licence, passport, senior citizen ID or Government ID.
• Address proof such as a bank statement with cheque, electricity bill, passport or telephone bill.

Premature Withdrawal of IndusInd Bank FD

Life's uncertainties may sometimes require you to withdraw your funds before the maturity date. When you invest in an IndusInd Bank FD through the Stable Money website or app, you can easily consider premature withdrawal if you face financial emergencies. Premature withdrawal of fixed deposits usually incurs a penalty, which can range from 0.5% to 1%, depending on the bank's policy.

Tax on IndusInd Bank FD

IndusInd Bank FD interest rates are taxable based on your income tax slab. Additionally, if your annual interest income exceeds ₹40,000, the bank will deduct Tax Deducted at Source (TDS) at a rate of 10%. For senior citizens, the TDS exemption limit increases to ₹50,000 per year. 

Why Should You Choose Stable Money to Book IndusInd Bank FD?

With Stable Money, you can easily open an IndusInd Bank FD without the need for a savings account. Your FD investment is secured by the RBI’s subsidiary, DICGC, offering coverage up to ₹5 lakh for added protection.

We offer quarterly interest compounding for all IndusInd Bank FDs booked through our platform, maximising your returns. For instance, if you are a senior citizen and invest in an FD at 8.49% per annum for a tenure of 1 year 5 months with quarterly compounding, your effective annualised return will be around 8.92% at maturity.