Check Latest IndusInd Bank Fixed Deposit Rates – 2024

Posted on Thursday, December 5th, 2024 | By IndusInd Bank

Summary: IndusInd Bank’s fixed deposits offer guaranteed returns at competitive interest rates. Tailored to align with different investment horizons of investors, IndusInd Bank FDs come with returns up to 7.75% for domestic, NRE, and NRO deposits, and up to 8.25% for senior citizens (excluding NRE/NRO). These deposits are packed with features like hassle-free online booking, flexible interest payment options, instant Video KYC, and tax benefits.

Fixed deposits (FDs) are an indispensable investment instrument for investors seeking steady wealth generation. FDs offer a secure and hassle-free way to grow wealth with guaranteed returns. Unlike standard savings accounts, FDs offer higher interest rates and remain unaffected by market fluctuations, making them suitable for risk-averse investors.

IndusInd Bank’s latest fixed deposit interest rates are designed to maximise the returns on your investments. Whether you’re looking to invest for a few days or several years, IndusInd Bank’sfixed deposits meet the diverse investment needs of discerning consumers – from short-term financial goals to long-term wealth-building strategies.

In this article, we’ll examine the latest IndusInd Bank FD interest rates for 2024 for varying tenures, amounts, and types of investors.

IndusInd Bank FD Interest Rates 2024

The latest IndusInd Bank FD interest rates for domestic FDs, as well as Non-Resident External (NRE) and Non-Resident Ordinary (NRO) deposits, are as high as 7.75% per annum. For senior citizens, IndusInd Bank offers even more attractive interest rates of up to 8.25%. However, it’s important to note that the fixed deposit interest rates for senior citizens do not apply to NRE and NRO deposits.

IndusInd Bank’s FD interest rates depend on several factors, including the tenure and invested amount. Typically, the longer the tenure, the higher the interest rate. With IndusInd Bank, you can opt for premature withdrawals for FDs ranging between INR 1 crore and INR 5 crore. However, this can impact the fixed deposit interest rates. Check the latest IndusInd Bank FD interest rates click here.

Features and Benefits of IndusInd Bank’s Fixed Deposits

IndusInd Bank’s fixed deposits come with a suite of features and benefits, making them ideal for investors seeking secure and rewarding investment options:

1.  Hassle-free Instant Booking

With IndusInd Bank, you can easily book your FD online in just 3 simple steps. All you need are your Aadhaar and PAN card details to open an account right from home.

2. High Interest Rates

IndusInd Bank offers the most competitive interest rates in the market, up to 7.99%. Senior citizens can earn higher returns of up to 8.49%, on their fixed deposits.

3. Auto-Renewal Option and Flexible Interest Payments

IndusInd Bank gives you the flexibility to choose from multiple options for interest payments—monthly, quarterly, half-yearly, yearly, or at maturity. Additionally, you can opt for auto-renewal of your FD, ensuring your funds continue to earn interest even after the maturity period.

4. Instant KYC Completion with Video KYC Facility

IndusInd Bank’s Video KYC facility allows you to complete your KYC process instantly online. This enables you to book an FD of your desired amount quickly and securely from the comfort of your home.

5. Tax Saver FD

With the Indus Tax Saver Scheme, you can book an FD for 5 years and avail of tax benefits up to INR 1.5 lakhs under Section 80C of the Income Tax Act. This not only allows you to earn higher interest on your deposit but also reduces your tax liability.

Secure Your Future with IndusInd Bank’s Fixed Deposits

IndusInd Bank’s fixed deposits offer a suite of benefits tailored to meet the unique financial goals of investors. With competitive interest rates, hassle-free online booking, flexible interest payment options, video KYC, and tax benefits, you can grow your wealth seamlessly with IndusInd Bank.

Whether you’re looking to meet short-term financial goals or build wealth in the long term, IndusInd Bank’s attractive FD interest rates help you maximise your savings.

Secure your financial future with IndusInd Bank. Open an FD today.

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.