February 5, 2023

Indusind Bank Raises Interest Rate on Fixed Deposit FD Know New Rate | Good news for FD investors, this private bank has increased the interest rate

IndusInd Bank has changed the interest rates on fixed deposits i.e. FDs below Rs 2 crore. According to the bank’s official website, the new rates will be applicable from 29 November 2022.

IndusInd Bank has changed the interest rates on fixed deposits i.e. FDs below Rs 2 crore.

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IndusInd Bank, the country’s largest private sector bank, has fixed deposits of less than Rs 2 crore FD Interest rates have changed. According to the bank’s official website, the new rates will be applicable from 29 November 2022. The bank is now offering interest rates of 3.50 percent to 6.50 percent on fixed deposits with tenures of 7 days to 61 months or more. FD for Senior Citizens interest rate It ranges from 4.00 percent to 7.00 percent. Now the maximum interest rate in IndusInd Bank is 2 year to 2 year 1 month FD At the same time, the highest interest rate for senior citizens is 7.25 percent for the same period.

Know the new interest rate

The bank now has an interest rate of 3.50 percent on FDs from 7 days to 30 days Whereas, IndusInd Bank is getting 4.00 percent interest on fixed deposits of 31 days to 45 days. On the other hand, 46 days to 60 days tenure FDs will earn interest at the rate of 4.25 percent. FDs with tenures of 61 to 120 days carry an interest rate of 4.50 percent. Whereas, 121 days and 181 days maturity FDs are earning interest at the rate of 4.75 percent.

At the same time, 5.50 percent interest rate is now available on FDs between 181 days to 269 days. At the same time, fixed deposits from 270 days to 354 days are earning interest at the rate of 5.75 percent. IndusInd Bank currently has an interest rate of 6.00 percent on FDs between 355 days to 364 days.

Tax saving FDO will also get more benefits

FDs with tenors less than one year to 1 year and 6 months carry an interest rate of 6.75 percent. Whereas, fixed deposits from 2 years to 2 years and 1 month are earning interest at the rate of 7.25 percent. On the other hand, FDs have an interest rate of 7.00 percent between 2 years, 1 month to three years Fixed deposits with maturities between 3 years and less than 61 months earn interest at 6.75 percent. At the same time, 6.50 percent interest rate is available on FDs of 61 months or more.

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On the other hand, Bank Indus Tax Saver Scheme i.e. 5-year tax saving FD is offering 6.75 percent interest. Whereas senior citizens will get 7.25 percent interest on this FD.

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