IndusInd Bank, one of India’s leading private sector banks, has hiked its Fixed Deposit (FD) interest rates, presenting an attractive opportunity for investors.
Effective from February 6, 2024, the bank has adjusted interest rates for FDs valued at less than Rs 2 crore.
Generous Returns Across Various Tenures
Under the new structure, general customers can enjoy interest rates ranging from 3.50 percent to a maximum of 7.75 percent.
However, senior citizens are set to benefit even more, with an additional 0.50 percent interest, making their maximum potential return an impressive 8.25 percent.
Interest Rate Breakdown by Tenure
Here’s a breakdown of the revised FD interest rates offered by IndusInd Bank across different maturity periods:
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: 6.35%
1 year to 1 year 6 months: 7.75%
1 year 6 months to 2 years: 7.75%
2 years to 3 years: 7.25%
3 years to 61 months: 7.25%
5-year FD: 7.25%
Empowering Investors with Competitive Returns
IndusInd Bank’s upward adjustment in FD rates reflects its commitment to providing competitive returns to investors, aligning with its ethos of customer-centric financial solutions.
With these revised rates, investors, particularly senior citizens, have an opportunity to maximize their returns and secure their financial future effectively.
