IndusInd Bank increased FD interest rates, know how much benefit you will get on FD of Rs 1 lakh

By Sudhakar Yadav February 8, 2024 1:07 PM IST
IndusInd Bank- India TV Paisa
Photo:FILE FD interest rate has been increased by IndusInd Bank.

Private sector IndusInd Bank has announced an increase in interest rates for FDs less than Rs 2 crore. After this, now common investors will get interest ranging from 3.50 percent to 7.75 percent on FD. At the same time, the bank is giving interest ranging from 4 to 8.25 percent to senior citizens. The new interest rates have become effective from February 6. Please note, the bank is offering FD ranging from 7 days to 10 years.

Interest rates for general investors in IndusInd Bank

  • 7 days to 14 days – 3.50 percent
  • 15 days to 30 days -3.50 percent
  • 31 days to 45 days – 3.75 percent
  • 46 days to 60 days – 4.75 percent
  • 61 days to 90 days – 4.75 percent
  • 91 days to 120 days – 4.75 percent
  • 121 days to 180 days – 5.00 percent
  • 181 days to 210 days – 5.85 percent
  • 211 days to 269 days – 6.10 percent
  • 270 days to 354 days – 6.35 percent
  • 355 days or 364 days – 6.50 percent
  • 1 year to less than 1 year 6 months – 7.75 percent
  • 1 year 6 months to less than 1 year 7 months – 7.75 percent
  • 1 year 7 months to 2 years – 7.75 percent
  • More than 2 years up to 2 years 1 month – 7.25 percent
  • More than 2 years 1 month to less than 2 years 6 months – 7.25 percent
  • 2 years 6 months to less than 2 years 9 months – 7.25 percent
  • 2 years 9 months to 3 years 3 months – 7.25 percent
  • More than 3 years, 3 months to below 61 months – 7.25 percent
  • Above 61 months – 7.00 percent
  • Indus Tax Saver FD – 7.25 percent

Additional interest to senior citizens

The bank is giving additional interest of 0.50 percent to senior citizens. The bank is offering a maximum interest of 8.25 percent on FDs of 1 year to less than 1.5 years.

Axis Bank increased interest rates

Axis Bank has increased the interest rate on FDs of less than Rs 2 crore. The bank is offering interest ranging from 3.50 percent to 7.20 percent on FDs of 7 days to 10 years.

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