IndusInd Bank has introduced new Fixed Deposit (FD) interest rates, creating a good opportunity for customers to maximize their savings.
The revised rates are especially beneficial for those planning to invest for 1 year and 5 months to 1 year and 6 months, as this period offers the highest returns.
Experts suggest that the Reserve Bank of India (RBI) might lower the repo rate soon, which could lead to reduced FD rates.
Therefore, locking in your FD now can help you secure higher interest before any rate cuts.
Details of Revised FD Rates
IndusInd Bank has updated FD interest rates for deposits below ₹3 crore. The rates range from 3.50% to 7.75% for regular customers.
Senior citizens enjoy an extra 0.50%, with their maximum rate reaching 8.49%. These new rates are effective from November 26, 2024.
Here’s the breakdown of the revised rates:
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%
This is an excellent time to invest in FDs with IndusInd Bank, especially for senior citizens, who can benefit from the higher rates.
