IndusInd Bank FD Interest Rate — Complete Guide & Latest Returns

Key Takeaways
 

• IndusInd Bank FD Interest Rate provide guaranteed returns with complete capital safety.
   
• IndusInd Bank FD Interest Rate: Senior citizens earn an extra 0.50% interest on all deposits.
   
• IndusInd Bank offers fixed deposits with flexible terms, starting from 7 days and going up to several years.

IndusInd Bank FD interest rate offers secure investment options with attractive interest rates for all types of investors. The bank provides flexible tenure choices and special benefits for senior citizens nationwide.

This blog explains everything about IndusInd Bank's fixed deposit interest rate schemes, interest rates, and investment process.

IndusInd Bank FD Interest Rate

IndusInd Bank Fixed Deposit interest rate offers competitive interest rates for investors.

• Latest FD interest rates for domestic deposits under ₹3 crores vary.
• Short-term deposits of 7-30 days earn 3.25% interest rates.
• Medium-term deposits of 1year 7 months to 3 years offer 6.90% interest rates.
• Senior citizens receive an additional 0.50% interest on all deposit tenures.
• Term-wise rates range from 3.25% to 7.50% across different periods.
• Bulk deposits above ₹3 crores earn higher interest rates.
• Large deposits without premature withdrawal get enhanced interest rate benefits.

The IndusInd Bank Fixed Deposit provides attractive returns for savers.

Types of IndusInd Bank Fixed Deposit Schemes

IndusInd Bank offers 8 types of fixed deposit options for different needs. The types are:

• Standard Fixed Deposit: You deposit money for a fixed term at a set interest rate. The bank returns your money with interest after the term ends.
• Tax-saving Fixed Deposit: The IndusInd Bank Fixed Deposit interest rate lets you save on income tax. You can claim tax benefits of up to ₹ 1,50,000 each year. The investment comes with a five-year lock-in period.
• Senior Citizen Fixed Deposit: Banks design these deposits for people above 60. Senior citizens receive higher interest rates than regular deposit holders. These deposits often include extra benefits for elderly customers.
• Corporate Fixed Deposit: Companies can invest through this deposit scheme. Corporate investors earn competitive returns on their business funds. Non-banking financial corporations also offer these corporate deposit schemes.
• Cumulative Fixed Deposit: The bank adds interest earnings back to your original amount. This creates compounded returns when your deposit term reaches maturity.
• Non-cumulative Fixed Deposit: You can decide how often the bank pays you interest: monthly, quarterly, half-yearly, or yearly. This helps if you want a steady income from your investment.
• Flexi Fixed Deposit: This deposit combines savings account flexibility with fixed deposit rates. You can make withdrawals and deposits without paying penalty charges.
• NRI Fixed Deposit: IndusInd Bank offers this Fixed Deposit for overseas Indians. Non-resident Indians can keep their money in Indian currency safely. These deposits come with good interest rates and other benefits.

These various deposit schemes cater to different financial goals effectively.

Features and Benefits of IndusInd Bank FD

IndusInd Bank provides excellent fixed deposit features for all investors. The features are:

• Capital Safety: Fixed deposits offer steady returns and keep your money safe. Unlike riskier investments that change in value with the market, your original deposit is fully protected by the financial institution.
• Flexibility in Tenure: You can choose deposit terms from a few days to several years. This flexibility lets you match investments to your financial goals and fit your specific needs.
• Option for Partial Withdrawal: Fixed deposits let you make partial withdrawals if you need money quickly. Unexpected situations can require immediate cash. With IndusInd Bank Fixed Deposits, this feature helps you handle financial emergencies.
• Higher Interest Rates for Senior Citizens: Banks offer customers over 60 better interest rates. Senior citizens earn more from their deposits than regular customers. These benefits help older people manage expenses during retirement.
• Tax Saver Fixed Deposits: Special fixed deposits offer tax benefits under Section 80C. Investors can claim deductions up to ₹1,50,000 each year. These deposits have a five-year lock-in and higher interest rates.
• Easy to Open and Manage: Opening an IndusInd Bank Fixed Deposit requires just four simple steps. Non-customers can use web applications to start their deposits easily.

These comprehensive benefits make fixed deposits ideal investment choices.

Comparison of IndusInd Bank FD Rates with Other Banks

Here is how IndusInd Bank Fixed Deposit rates compare with competitors: 

You can check online and compare IndusInd Bank Fixed Deposit rates similarly.

Eligibility Criteria & Required Documents for IndusInd Bank FD Interest Rates

These are the basic requirements for opening your deposit account:

Fixed Deposit Eligibility Criteria

You must be a citizen of India for account opening. Your age should be more than 18 years. 

Required Documents

The IndusInd Bank Fixed Deposit requires standard KYC documentation. You must provide a PAN card and an Aadhaar card for verification.

These simple criteria help you start your IndusInd Bank Fixed Deposit.

Tax Implications on IndusInd Bank FD

Banks must deduct TDS (Tax Deducted at Source) on FD interest exceeding ₹40,000 yearly. Senior citizens face TDS deduction when interest crosses ₹50,000 annually. You can submit Forms 15G or 15H to avoid deductions. 

This works only if your total income stays below limits. The IndusInd Bank Fixed Deposit follows these standard TDS regulations.

IndusInd Bank FD Premature Withdrawal & Closure Rules

You can withdraw your fixed deposit early, but face penalties. Banks typically reduce interest rates by 1% for early closures.

Consider this example: You invest ₹10,00,000 for three years. After 5 months, you need money for urgent expenses. Your original 5% interest rate drops to 4% due to penalties. 

The IndusInd Bank Fixed Deposit pays you ₹16,667 instead of ₹20,834. You lose ₹4,167 as penalty charges for early withdrawal.

Always calculate penalty costs before closing your IndusInd Bank Fixed Deposit early.

How to Invest in IndusInd Bank FD?

Investing in an IndusInd Bank Fixed Deposit is quite straightforward.

• Register using your mobile number on IndusInd Bank's platform.
• Provide both PAN card and Aadhaar card details for verification.
• Enter the principal amount you wish to deposit securely.
• Complete your KYC process using the video KYC facility.
• Receive account confirmation once all details are verified properly.
• Start growing your money with the IndusInd Bank Fixed Deposit.

Opening a fixed deposit account helps you earn guaranteed returns.

Conclusion

IndusInd Bank Fixed Deposit provides excellent investment opportunities with competitive rates. Senior citizens enjoy additional benefits and higher returns. The flexible tenure options suit different financial goals perfectly for all investors.

Bonus Tip: Interest is added to your account every quarter. If your deposit is for 180 days or less, you will receive simple interest when it matures.

FAQs

Can a customer open an FD account online in IndusInd Bank?

Yes, you can open an FD account online with IndusInd Bank using their portal.

Can I avail the nomination facility for IndusInd Bank Fixed Deposits?

Yes, you can add a nominee to your IndusInd Bank Fixed Deposit.

Are there any special rates for senior citizens' FD of IndusInd Bank?

Yes, IndusInd Bank offers a special interest rate for senior citizens’ fixed deposits. These rates are usually 0.5% higher than the regular rates.

Did IndusInd Bank increase FD rates in 2025?

No, IndusInd Bank has not increased FD rates in 2025.

What are the minimum and maximum amounts I may invest in an IndusInd Bank Fixed Deposit?

You can start an IndusInd Bank Fixed Deposit with as little as Rs. 1,000, and there is no maximum limit.