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  2. Rates: Fixed Deposit | Savings Account | Recurring Deposit - IndusInd Bank

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Domestic /NRO/ NRE/Senior Citizen Fixed Deposit Rates (all in %) w.e.f. 26th Nov 2024

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  < 3 Cr* DOMESTIC(RESIDENT) NRE/NRO deposits
 < 3 Cr* (Senior Citizen)
Not applicable for NRE/NRO deposits
Tenure Rate Rate
7 days to 14 days 3.50 4.00
15 days to 30 days 3.50 4.00
31 days to 45 days 3.75 4.25
46 days to 60 days 4.75 5.25
61 days to 90 days 4.75 5.25
91 days to 120 days 4.75 5.25
121 days to 180 days 5.00 5.50
181 days to 210 days 5.85 6.35
211 days to 269 days 6.10 6.60
270 days to 354 days 6.35 6.85
355 days to 364 days 6.50 7.00
1 Year to below 1 Year 3 months 7.75 8.25
1 Year 3 months (15 months) to below 1 Year 4 months (16 months) 7.75 8.25
1 Year 4 months to below 1 Year 5 months 7.75 8.25
1 Year 5 months to below 1 Year 6 months 7.99 8.49
1 Year 6 Months up to 2 Years 7.75 8.25
Above 2 Years to below 2 Years 6 Month 7.25 7.75
2 years 6 Months (30 months) to below 2 years 7 months (31 months) 7.25 7.75
2 year 7 months to 3 years 3 months 7.25 7.75
Above 3 years 3 months to below 61 month 7.25 7.75
61 month and above 7.00 7.50
Indus Tax Saver Scheme (5 years) 7.25 7.75

*Interest is compounded quarterly. Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days.
To Open a Fixed Deposit online Click Here

Please Note
  • * Income more than tax exempted limits earned through interest on FD is tax deductible. In the absence of PAN card, TDS will be deducted at 20%.
  • Above mentioned rates are not applicable for Call/Notice/Term Money market participants (both as lenders and borrowers). Kindly contact nearest branch/RM for rates and guidance
  • NRE deposit rates are applicable only for Tenure 1 year onwards. No Interest will be paid out for NRE FDs if closed before 1 Year of completion.
Senior Citizens - Additional interest rate on Domestic Term Deposits
*Please note the additional 0.50% over and above card rates are applicable for Term Deposits of Senior Citizens (age 60 years and above) for value below Rs. 3 Cr (Callable) (Not applicable for NRO/NRE Deposits)
Method of calculation of interest:
  • Fixed Deposits –
  • Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per regulatory directives.
  • In case of High Value Deposit (> 5 crore), the interest rate offered for the particular deposit is only valid for that day for the deposit and only for the particular tenure.
  • In the event of Premature withdrawal before the specified tenure, the offered interest rate applicable will be the interest rate corresponding to the amount based slab (withdrawn amount) and basis the actual run period (tenure). Additionally, penal interest of 1% shall be levied on the premature withdrawal, if applicable.

Domestic /NRO/ NRE Fixed Deposit Rates (all in %) w.e.f. 26th Nov 2024

  3 crore to less than 5 crores (Domestic /NRO/NRE deposits) -
Premature Withdrawal Allowed*		 Senior Citizen Rate
3 crore to less than 5 crores (Not applicable for NRE/NRO deposits) -
Premature Withdrawal Allowed*
Tenure Rate Rate
7 days to 14 days 4.90 5.50
15 days to 30 days 5.00 5.60
31 days to 45 days 5.50 6.10
46 days to 60 days 6.00 6.60
61 days to 90 days 6.35 6.95
91 days to 120 days 6.85 7.45
121 days to 180 days 7.00 7.60
181 days to 210 days 7.00 7.60
211 days to 269 days 7.10 7.70
270 days to 354 days 7.20 7.80
355 days to 364 days 7.25 7.85
1 Year to below 1 Year 6 Months 7.65 8.25
1 Year 6 Months to below 1 Year 7 Months 7.65 8.25
1 Year 7 Months upto 2 Years 7.65 8.25
Above 2 Years up to 2 Years 1 Month 7.20 7.80
Above 2 years 1 month to below 2 years 6 Months 7.20 7.80
2 years 6 Months to below 2 years 9 Months 7.20 7.80
2 years 9 Months upto 3 years 3 months 7.20 7.80
Above 3 years 3 month to below 61 month 7.10 7.70
61 month and above 7.00 7.60
Indus Tax Saver Scheme (5 years) NA NA

* Interest is compounded quarterly. Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days.

To Open a Fixed Deposit online Click Here

Please Note
  • Income more than tax exempted limits earned through interest on FD is tax deductible. In the absence of PAN card, TDS will be deducted at 20%.
  • Above mentioned rates are not applicable for Call/Notice/Term Money market participants (both as lenders and borrowers). Kindly contact nearest branch/RM for rates and guidance
  • NRE deposit rates are applicable only for Tenure 1 year onwards. No Interest will be paid out for NRE FDs if closed before 1 Year of completion.
  • High Value / Bulk Deposit of value 3 Crs & above shall be accepted at the sole discretion of the Bank
Senior Citizens - Additional interest rate on Domestic Term Deposits
* Please note the additional 0.60% over and above card rates applicable for Term Deposits of Senior Citizens (age 60 years and above) for value between Rs 3-5 Cr (Callable) (Not applicable for NRO/NRE Deposits).
Method of calculation of interest:
  • Fixed Deposits –
  • Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per regulatory directives.
  • In case of High Value Deposit (> 5 crore), the interest rate offered for the particular deposit is only valid for that day for the deposit and only for the particular tenure.
  • In the event of Premature withdrawal before the specified tenure, the offered interest rate applicable will be the interest rate corresponding to the amount based slab (withdrawn amount) and basis the actual run period (tenure). Additionally, penal interest of 1% shall be levied on the premature withdrawal, if applicable.

Domestic /NRO/ NRE Fixed Deposit Rates (all in %) w.e.f.  26th Nov 2024

  Above 1 crore to less than 3 crores (Domestic /NRO/NRE deposits) -
Premature Withdrawal Not Allowed***		 Senior Citizen Rate Above
1 crore to less than 3 crores (Not applicable for NRE/NRO deposits) -
Premature Withdrawal Not Allowed***
Tenure Rate Rate
7 days to 14 days 4.90 5.40
15 days to 30 days 5.00 5.50
31 days to 45 days 5.60 6.10
46 days to 60 days 6.00 6.50
61 days to 90 days 6.50 7.00
91 days to 120 days 7.00 7.50
121 days to 180 days 7.10 7.60
181 days to 210 days 7.25 7.75
211 days to 269 days 7.35 7.85
270 days to 354 days 7.45 7.95
355 days to 364 days 7.50 8.00
1 Year to below 1 Year 5 Months 7.75 8.25
1 Year 5 Months to below 1 Year 6 Months 7.99 8.49
1 Year 6 Months to below 1 Year 7 Months 7.75 8.25
1 Year 7 Months upto 2 Years 7.75 8.25
Above 2 Years up to 2 Years 1 Month 7.30 7.80
Above 2 years 1 month to below 2 years 6 Months 7.30 7.80
2 years 6 Months to below 2 years 9 Months 7.30 7.80
2 years 9 Months upto 3 years 3 months 7.30 7.80
Above 3 years 3 month to below 61 month 7.20 7.70
61 month and above 7.10 7.60
Indus Tax Saver Scheme (5 years) NA NA

*Interest is compounded quarterly. Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days.

To Open a Fixed Deposit online Click Here

Please Note
***Premature withdrawal is not allowed on Non-Callable FDs (FDs where Premature Withdrawal is Not Allowed) for value greater than 1 cr. Non-Callable FDs are allowed only for Individual and Non-Individuals.
  • Income more than tax exempted limits earned through interest on FD is tax deductible. In the absence of PAN card, TDS will be deducted at 20%.
  • Above mentioned rates are not applicable for Call/Notice/Term Money market participants (both as lenders and borrowers). Kindly contact nearest branch/RM for rates and guidance
  • NRE deposit rates are applicable only for Tenure 1 year onwards. No Interest will be paid out for NRE FDs if closed before 1 Year of completion.
  • High Value / Bulk Deposit of value 2 Crs & above shall be accepted at the sole discretion of the Bank
Senior Citizens - Additional interest rate on Domestic Term Deposits
* Please note the additional 0.50% over and above card rates applicable for Term Deposits of Senior Citizens (age 60 years and above) for value Above Rs 1 upto 5 Cr (Non-Callable) (Not applicable for NRO/NRE Deposits).
Method of calculation of interest:
  • Fixed Deposits –
  • Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per regulatory directives.
  • In case of High Value Deposit (> 5 crore), the interest rate offered for the particular deposit is only valid for that day for the deposit and only for the particular tenure.
  • In the event of Premature withdrawal before the specified tenure, the offered interest rate applicable will be the interest rate corresponding to the amount based slab (withdrawn amount) and basis the actual run period (tenure).

Domestic /NRO/ NRE Fixed Deposit Rates (all in %) w.e.f.  26th Nov 2024

  3 crore to less than 5 crores (Domestic /NRO/NRE deposits) -
Premature Withdrawal Not Allowed***		 Senior Citizen Rate
3 crore to less than 5 crores (Not applicable for NRE/NRO deposits) -
Premature Withdrawal Not Allowed***
Tenure Rate Rate
7 days to 14 days 4.90 5.40
15 days to 30 days 5.00 5.50
31 days to 45 days 5.60 6.10
46 days to 60 days 6.00 6.50
61 days to 90 days 6.50 7.00
91 days to 120 days 7.00 7.50
121 days to 180 days 7.10 7.60
181 days to 210 days 7.25 7.75
211 days to 269 days 7.35 7.85
270 days to 354 days 7.45 7.95
355 days to 364 days 7.50 8.00
1 Year to below 1 Year 5 Months 7.75 8.25
1 Year 5 Months to below 1 Year 6 Months 7.75 8.25
1 Year 6 Months to below 1 Year 7 Months 7.75 8.25
1 Year 7 Months upto 2 Years 7.75 8.25
Above 2 Years up to 2 Years 1 Month 7.30 7.80
Above 2 years 1 month to below 2 years 6 Months 7.30 7.80
2 years 6 Months to below 2 years 9 Months 7.30 7.80
2 years 9 Months upto 3 years 3 months 7.30 7.80
Above 3 years 3 month to below 61 month 7.20 7.70
61 month and above 7.10 7.60
Indus Tax Saver Scheme (5 years) NA NA

*Interest is compounded quarterly. Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days.

To Open a Fixed Deposit online Click Here

Please Note
***Premature withdrawal is not allowed on Non-Callable FDs (FDs where Premature Withdrawal is Not Allowed) for value greater than 1 cr. Non-Callable FDs are allowed only for Individual and Non-Individuals.
  • Income more than tax exempted limits earned through interest on FD is tax deductible. In the absence of PAN card, TDS will be deducted at 20%.
  • Above mentioned rates are not applicable for Call/Notice/Term Money market participants (both as lenders and borrowers). Kindly contact nearest branch/RM for rates and guidance
  • NRE deposit rates are applicable only for Tenure 1 year onwards. No Interest will be paid out for NRE FDs if closed before 1 Year of completion.
  • High Value / Bulk Deposit of value 2 Crs & above shall be accepted at the sole discretion of the Bank
Senior Citizens - Additional interest rate on Domestic Term Deposits
* Please note the additional 0.50% over and above card rates applicable for Term Deposits of Senior Citizens (age 60 years and above) for value Above Rs 1 upto 5 Cr (Non-Callable) (Not applicable for NRO/NRE Deposits).
Method of calculation of interest:
  • Fixed Deposits –
  • Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per regulatory directives.
  • In case of High Value Deposit (> 5 crore), the interest rate offered for the particular deposit is only valid for that day for the deposit and only for the particular tenure.
  • In the event of Premature withdrawal before the specified tenure, the offered interest rate applicable will be the interest rate corresponding to the amount based slab (withdrawn amount) and basis the actual run period (tenure).

Recurring Deposits Rates w.e.f. 3rd July 2024

Tenure Interest Rates p.a. (%) Senior Citizen Rates p.a.(%)
09 Months 6.35 6.85
12 Months 7.75 8.25
15 Months 7.75 8.25
18 Months 7.75 8.25
21 Months 7.75 8.25
24 Months 7.75 8.25
27 Months 7.25 7.75
30 Months 7.25 7.75
33 Months 7.25 7.75
36 Months 7.25 7.75
39 Months 7.25 7.75
3 years to below 61 month 7.25 7.75
61 month and above 7.00 7.50
  • Tenor of RD is in multiples of month and corresponding rate of FD will be applicable.
  • Minimum Value of RD installment is Rs 500 and thereafter in multiples of 100
  • Minimum Tenor for RD is 1 Year. Only BFIL customers are allowed to book RD for tenor less than 1 Year.
Please Note
  • Interest shall be paid out basis of the original schedule for the recurring deposit. Excess interest paid on delayed payment of the periodic recurring deposit instalment shall be adjusted/recovered from the maturity proceeds of the recurring deposit. This may lead to a reduction in the maturity proceeds of the Recurring Deposit.
  • Premature withdrawal of deposit will be subject to a penalty rate which is calculated as 1% less than the card rate as on the date of deposit applicable to the amount and period for which the deposit has remained with the bank.
  • In case of delayed payment, delayed payment is applicable, and penalty is calculated as detailed below
    effective RoI * Total RD amount * delayed installments / 12

FCNR / RFC* Deposits - w.e.f 18th Dec 2024

Period / Currency USD < 1 Mio USD 1 Mio < 10 Mio USD 10 Mio < 25 Mio USD 25 Mio & Above GBP EUR JPY CAD AUD
1yr < 2 yrs 6.00 6.15 6.15 6.15 5.65 3.60 - 4.25 5.30
2 yrs< 3 yrs 4.80 4.80 4.80 4.80 5.00 2.90 2.50 3.65 4.60
3 yrs< 4yrs 4.75 4.75 4.75 4.75 4.85 2.90 - 3.65 4.50
4 yrs< 5 yrs 4.75 4.75 4.75 4.75 4.80 2.90 - 3.65 4.50
5 yrs 4.75 4.75 4.75 4.75 4.80 2.90 2.90 3.65 4.50

RFC Deposit Rates are same as that applicable for FCNR deposits. However, the same are available only in USD, GBP & Euro

RFC Savings Rate is the rate applicable for 1Yr<2 Yrs on FCNR deposits and is available only in USD, GBP & Euro. For USD <1 Mio rate will apply.

 In case of pre-mature withdrawal of FCNR (B) deposits,

  •  No interest will be payable if the period the FCNR (B) deposit remains in force is less than 1 year.
  •  If the deposit has remained in force for more than 1 year, interest will be calculated at the rate applicable for the period the Deposit has actually remained with the Bank less 0.25%.
  •  Additionally, in case of pre-mature withdrawal of FCNR (B) deposits, SWAP (conversion) cost will be recovered, basis the prevailing   market rates on the date of pre-mature withdrawal, between the FCNR (B) currency and Indian Rupees

GIFT City IBU Term Deposit Rates (<1Mio) w.e.f. 18th Dec 2024

IBU RATE < 1 Mio USD EURO GBP
TENURE CALLABLE CALLABLE CALLABLE
7 days to 29 days 4.85% 3.10% 4.60%
30 days to 59 days 5.00% 3.20% 4.70%
60 days to 89 days 5.15% 3.40% 5.15%
90 days to 119 days 5.25% 3.50% 5.30%
120 days to 149 days 5.30% 3.40% 5.40%
150 days to 179 days 5.35% 3.40% 5.40%
180 days to 269 days 5.40% 3.30% 5.30%
270 days to < 1 year 5.40% 3.20% 5.30%
1 Yr to < 2 Yrs 5.50% 3.40% 5.45%
2 Yr to < 2 Yrs 6 mths 4.60% 2.70% 4.80%
2 Yr 6 mths to < 2 Yrs 9 mths 4.60% 2.70% 4.80%
2 Yr 9 mths to 3 Yrs 4.55% 2.70% 4.65%
above 3 Yr to < 61 mths 4.55% 2.70% 4.60%
61 mths and above to 10 years 4.55% 2.70% 4.60%

 

IBU RATE < 1 Mio USD EURO GBP
TENURE NON CALLABLE NON CALLABLE NON CALLABLE
7 days to 29 days 4.95% 3.20% 4.70%
30 days to 59 days 5.10% 3.30% 4.80%
60 days to 89 days 5.25% 3.50% 5.25%
90 days to 119 days 5.35% 3.60% 5.40%
120 days to 149 days 5.40% 3.50% 5.50%
150 days to 179 days 5.45% 3.50% 5.50%
180 days to 269 days 5.50% 3.40% 5.40%
270 days to < 1 year 5.50% 3.30% 5.40%
1 Yr to < 2 Yrs 5.60% 3.50% 5.55%
2 Yr to < 2 Yrs 6 mths 4.70% 2.80% 4.90%
2 Yr 6 mths to < 2 Yrs 9 mths 4.70% 2.80%
 4.90%
2 Yr 9 mths to 3 Yrs 4.65% 2.80% 4.75%
above 3 Yr to < 61 mths 4.65% 2.80% 4.70%
61 mths and above to 10 years 4.65% 2.80% 4.70%

Please note "All term deposits accepted from individuals will have to be booked as callable deposits” (other than Individual Clients which are classified as “Professional Client” under the IFSCA client classification requirements).

Click here   Fixed Deposit Interest Rate Greater Than or Equal to 5 Cr - Withdrawal

Click here   Fixed Deposit Interest Rate Greater Than or Equal to 5 Cr - Non- Withdrawal

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Savings Bank Account Interest Rates - w.e.f. 26th November 2024

Savings Bank Account Interest Rates Domestic / Non Resident (NRO/NRE)* Rate p.a
Daily balance upto Rs. 1 Lakh 3.00%
Daily balance above Rs. 1 Lakh Upto Rs. 5 Lakhs 4.00%
Daily balance above Rs. 5 Lakh Upto Rs. 10 Lakhs 6.00%
Daily balance above Rs. 10 Lakhs Upto  Rs. 5 Crs 7.00%
Daily balance above Rs. 5 Crs Upto Rs. 100 Crs 7.00%*

* Flat Rate applicable on entire balance.

Indus Global Savings Account USD Rate p.a w.e.f 6th Sept 2024
<=1 Mio 5.00%
>1 Mio <= 5 Mio 6.25%
>5 Mio <= 10 Mio 6.25%
>10 Mio <= 50 Mio 6.25%
> 50 Mio<= 150 Mio 6.25%
> 150 Mio 2.50%

Note: For rates on amount above INR 100 Crore, please contact your branch or Relationship Manager

Please note:

  • The rates are applicable on Domestic/Non-resident (NRE/NRO) Savings Account, the interest on daily balance is calculated as below:
  • a.  3.0% for daily balances up to Rs. 1 Lakh
    b. 4.00% for daily balances above 1 Lakh and up to Rs.5 Lakhs, please note 4.00% will be paid on incremental balances above Rs 1 Lakh up to Rs 5 Lakhs
    c. 6.00% for balances above Rs.5 Lakhs and up to Rs.10 Lakhs, please note 6.00% will be paid on incremental balance above Rs.5 Lakhs up to Rs.10 Lakhs
    d. 7.00% for balances above Rs.10 Lakhs and up to Rs.5 Crores, please note 7.00% will be paid on incremental balance above Rs.10 Lakhs up to Rs.5 Crores
    e. 7.00% for balances above Rs.5 Crores and up to Rs.100 Crores, please note 7.00% will be paid on entire balance
  • For Interest rate on Deposit above Rs 100 Crore, please contact your Relationship Manager or visit your nearest branch
  • #RFC Savings Rate is the rate applicable for 1Yr<2 Yrs on FCNR deposits and is available only in USD, GBP & Euro
  • Balances of Grouped Savings Accounts will not be added before applying rates. The grouping of balance is only for minimum balance requirement / transaction pricing, if any.
  • Interest Credit is shown in the E-Statement / Physical Statement / Net-Banking statement.
  • Interest is paid at every calendar quarter on 30th June, 30th September, 31st December and 31st March.

 

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MCLR Rate

Marginal Cost of Funds Based Lending Rate

Rates are effective from Dec 22, 2024

MCLR Benchmark MCLR (%)
Overnight 10.25%
1 month 10.30%
3 month 10.40%
6 month 10.55%
1 year 10.55%
2 year 10.55%
3 year 10.55%

Base Rate

Base Rate
 11.40% p.a. with effect from December 02, 2024.

BPL Rate

Benchmark PLR
 20.60% p.a. with effect from 19th October 2015.

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As on 20-12-2024 (Major Currencies)
Currency Description TT Buy TT Sell Fx Card / TC Buy Fx Card / TC Sell Cash Buy Cash Sell Bills Buy Bills Sell
AED UAE DIRHAM 22.43 23.91 22.28 24.06 22.22 24.12 22.37 23.97
AUD AUSTRALIAN DOLLAR 51.74 54.05 51.18 54.61 50.96 54.83 51.52 54.27
CAD CANADIAN DOLLAR 57.81 60.12 57.25 60.68 57.03 60.9 57.59 60.34
CHF SWISS FRANC 93.3 96.26 92.73 96.83 92.5 97.06 93.07 96.49
DKK DANISH KRONES 11.48 12.16 11.38 12.26 11.34 12.3 11.44 12.2
EUR EURO 86.52 89.78 85.77 90.53 85.48 90.82 86.22 90.08
GBP POUND STERLING 104.33 108.06 103.44 108.94 103.08 109.3 103.97 108.42
HKD HONG KONG DOLLAR 10.6 11.3 10.53 11.37 10.5 11.4 10.57 11.33
JPY YEN 52.73 55.6 52.06 56.27 51.79 56.54 52.46 55.87
NOK NORWEGIAN KRONE 6.98 7.86 6.88 7.96 6.85 7.99 6.94 7.9
NZD NEW ZEALAND DOLLAR 46.66 49.02 46.24 49.44 46.07 49.61 46.49 49.19
SAR SAUDI RIYAL 21.84 23.46 21.69 23.61 21.63 23.67 21.78 23.52
SEK SWEDISH KRONA 7.22 8.2 7.14 8.28 7.11 8.31 7.19 8.23
SGD SINGAPORE DOLLAR 61.49 63.66 61.06 64.09 60.89 64.26 61.32 63.83
THB THAI BAHT 2.36 2.57 2.36 2.57 2.36 2.57 2.36 2.57
USD U.S. DOLLARS 83.59 86.59 82.8 87.38 82.5 87.68 83.28 86.9
ZAR RAND 4.34 4.91 4.26 4.99 4.22 5.03 4.3 4.94

Note: The above rates are TENTATIVE/ INDICATIVE and are not the final rates. Please contact your nearest IndusInd Bank branch for the final rates before proceeding with the transaction. The rates are subject to change without notice. IndusInd Bank Ltd does not accept any responsibility for any action taken based on the above rates.

Information on forex rates may quickly become unreliable for various reasons including, for example, changes in market conditions or economic circumstances. IndusInd Bank is not obligated to update the information contained in the forex rate list available on the Bank's website, and the service of providing forex rates may be discontinued at any time without notice.

Card Rates to be applied for all FX transactions upto USD 25,000 or equivalent in other currencies. * TC = Travel Card

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The minimum and maximum and mean rate - Individuals - 01-07-2024 To 30-09-2024
New Min % Max % Mean %
Small Commercial Vehicle 10.69 27.99 18.76
Passenger Vehicle 9.45 17.90 10.92
Construction Equipment 9.80 15.29 10.57
Light Commercial Vehicle 9.79 16.15 11.64
Medium Heavy Commercial Vehicle 9.78 13.80 10.52
Tractor & Farm Equipment 11.81 20.82 14.31
Two Wheeler 13.00 28.00 20.78
Affordable Home Loan 10.10 16.00 12.35
       
Used Min % Max % Mean %
Small Commercial Vehicle 12.80 29.14 22.58
Passenger Vehicle 10.56 20.82 15.32
Construction Equipment 9.81 17.99 13.95
Light Commercial Vehicle 10.48 22.77 15.11
Medium Heavy Commercial Vehicle 10.52 21.01 14.12
Tractor & Farm Equipment 18.00 24.02 19.18
Two Wheeler 16.85 28.13 22.67

The minimum and maximum and mean rate - Individuals - 01-07-2024 To 30-09-2024
New Min % Max % Mean %
Small Commercial Vehicle 10.95 35.99 20.12
Passenger Vehicle 9.49 23.10 11.32
Construction Equipment 9.89 17.19 10.75
Light Commercial Vehicle 9.86 17.95 12.07
Medium Heavy Commercial Vehicle 9.81 14.29 10.70
Tractor & Farm Equipment 10.46 27.28 14.66
Two Wheeler 13.63 43.70 22.81
Affordable Home Loan 10.25 19.05 12.98
       
Used Min % Max % Mean %
Small Commercial Vehicle 12.8 35.98 25.53
Passenger Vehicle 12.22 15.90 16.17
Construction Equipment 9.87 19.22 14.61
Light Commercial Vehicle 10.74 26.47 16.21
Medium Heavy Commercial Vehicle 11.06 23.82 14.95
Tractor & Farm Equipment 16.28 28.6 20.78
Two Wheeler 21.57 35.31 24.29

For detailed information on vehicle loan interest rates, please click here.

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Interest Rate – Q2 2024-25
Minimum 10.35%
Maximum 28.00%
Mean 17.27%
Annual Percentage Rate (FY24-25)*
Minimum 10.35%
Maximum 65.95%

 

 
Interest Rate – Q1 2024-25
Minimum IRR % 13.00%
Maximum IRR % 24.00%
Mean IRR % 17.25%

Note : APR will be equal to IRR for cards, as we disburse the full loan amount and bill the PF separately.

 

FD Rate FD Rate
FD Rate
Regular Fixed Deposit

up to 7.99% interest p.a

Senior Citizen

up to 8.49% interest p.a

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