Indusind Bank Savings Account Interest Rate

Bank Savings Account Interest Rates
Indusind Bank Savings Account Interest Rates
Indusind Bank Online Fd
Indusind Bank Savings Account Interest Rates
Indusind Bank Savings Account Interest Rate Singapore
What Is The Interest Rate Of Indusind Bank

Domestic /NRO/ NRE/Senior Citizen Deposit Rates (all in %)
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IndusInd Bank Savings Account Interest Rate. The interest rates offered with IndusInd Bank Savings Account are as follows: For daily balance up to Rs 1 lakh it is 4% p.a. For daily balance above Rs 1 lakh and below Rs 10 lakhs it is 5% p.a. For daily balance above Rs 10 lakhs it is 6% p.a. Types of IndusInd Bank Savings Account. In a Savings Account Interest Rate Calculator, you will be required to enter information like average balance and interest rate offered by the bank. You will also be required to select if the interest will be credit on a monthly, quarterly, half yearly or yearly basis.

Bank Savings Account Interest Rates

w.e.f. December 30th, 2020	< 2 Cr* (Domestic /NRO/NRE deposits)NRE deposit rates applicable only forTenure 1 year 1 day onwards		< 2 Cr* (Senior Citizen)Not applicable for NRO/NRE deposits
Tenure	Rates p.a.(%)	Annualised Yield*	Rates p.a.(%)	Annualised Yield*
7 days to 14 days	3.00	3.00	3.50	3.50
15 days to 30 days	3.00	3.00	3.50	3.50
31 days to 45 days	3.40	3.40	3.90	3.90
46 days to 60 days	3.75	3.75	4.25	4.25
61 days to 90 days	4.00	4.00	4.50	4.50
91 days to 120 days	4.25	4.25	4.75	4.75
121 days to 180 days	4.50	4.53	5.00	5.03
181 days to 210 days	5.25	5.28	5.75	5.79
211 days to 269 days	5.50	5.58	6.00	6.09
270 days or below 1 year	5.75	5.83	6.25	6.35
1 Year to 1 Year 2 Days	6.50	6.61	7.00	7.12
1 Year 3 Days to 1 Year 2 Months	6.50	6.66	7.00	7.19
Above 1 Year 2 Months to below 1 Year 6 Months	6.50	6.71	7.00	7.25
1 Year 6 Months to below 1 Year 7 Months	6.50	6.77	7.00	7.31
1 Year 7 Months to below 2 Years	6.50	6.77	7.00	7.31
2 years to below 2 years 6 Months	6.50	6.88	7.00	7.44
2 years 6 Months to below 2 years 9 Months	6.50	7.05	7.00	7.65
2 years 9 Months to below 3 years	6.50	7.11	7.00	7.71
3 years to below 61 month	6.50	7.36	7.00	8.00
61 month and above	6.25	7.27	6.75	7.95
Indus Tax Saver Scheme (5 years)	6.50	7.61	7.00	8.30

*Interest is compounded quarterly. Annualized yield is effective annual return basis the same.

# Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days.

Please Note

**Penal interest rate charge of 1% would apply on premature withdrawal.
***Premature withdrawal is not allowed on Non-Callable FDs (FDs where Premature Withdrawal is Not Allowed) for value greater than equal to 1 cr. Non-Callable FDs are allowed only for Non-Individuals.
# Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days. 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%.
NRE deposit rates are applicable only for Tenure 1 year 1 day onwards.

Senior Citizens - Additional interest rate on Domestic Term Deposits

*An additional interest rate of 0.50% over and above the card rates is applicable for Term Deposits of Senior citizens (Age 60 years & above) for value below Rs. 2 cr. (Not applicable for NRO/NRE deposits). However, in case the senior citizen opts to place deposits of value greater than or equal to 2 Cr, the benefit of additional interest shall not be available.

FD Rates w.e.f. December 30th, 2020

Indusind Bank Savings Account Interest Rates

Maturity Period	2 crore to less than 5 crores- Premature Withdrawal Allowed**		1 crore to less than 5 crores- Premature Withdrawal Not Allowed***
Maturity Period	(Only for Non-Individuals)
Rate	Annualised Yield*	Rate	Annualised Yield*
7 days to 14 days	3.00	3.00	3.00	3.00
15 days to 30 days	3.00	3.00	3.00	3.00
31 days to 45 days	3.25	3.25	3.25	3.25
46 days to 60 days	3.50	3.50	3.60	3.60
61 days to 90 days	3.75	3.75	3.85	3.85
91 days to 120 days	4.00	4.00	4.10	4.10
121 days to 180 days	4.25	4.25	4.35	4.35
181 days to 210 days	5.00	5.03	5.10	5.13
211 days to 269 days	5.25	5.32	5.35	5.42
270 days or below 1 year	5.60	5.68	5.75	5.83
1 Year to 1 Year 2 Days	6.25	6.35	6.35	6.45
1 Year 3 Days to 1 Year 2 Months	6.25	6.40	6.35	6.50
Above 1 Year 2 Months to below 1 Year 6 Months	6.40	6.61	6.50	6.71
1 Year 6 Months to below 1 Year 7 Months	6.40	6.66	6.50	6.77
1 Year 7 Months to below 2 Years	6.40	6.66	6.50	6.77
2 years to below 2 years 6 Months	6.40	6.77	6.50	6.88
2 years 6 Months to below 2 years 9 Months	6.40	6.94	6.50	7.05
2 years 9 Months to below 3 years	6.40	6.99	6.50	7.11
3 years to below 61 month	6.40	7.23	6.50	7.36
61 month and above	6.15	7.14	6.25	7.27
Indus Tax Saver Scheme (5 years)	NA	NA	NA	NA

FCNR / RFC* Deposits - w.e.f. December 1st, 2020

Period	USD	GBP	EUR	JPY	CAD	AUD
1yr < 2 yrs	2.22	1.85	1.48	0.02	2.62	2.00
2 yrs< 3 yrs	2.26	2.00	1.48	0.01	2.50	2.08
3 yrs< 4yrs	2.00	1.55	1.30	2.95	2.45	2.30
4 yrs< 5 yrs	1.75	1.55	1.15	0.01	2.45	2.35
5 yrs	1.70	1.70	1.10	2.96	2.30	2.30

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

Indusind Bank Online Fd

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

In case of premature closure of NRE / FCNR/ RFC Term deposit the interest rate payable will as under:

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 1%.
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

Method of calculation of interest:

Fixed Deposits –
Penal interest rate charge of 1% would apply on premature withdrawal.
Premature withdrawal is not allowed on Non-Callable FDs (FDs where Premature Withdrawal is Not Allowed) for value greater than equal to 1 cr. Non-Callable FDs are allowed only for Non-Individuals.
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. For example, For 1 year FD, basis current rate (8%), the discounted rate is 7.95% (The formula used is =NOMINAL(EFFECT(8%,4),12), ie 8% being effective rate, 4 being nos of quarter & 12 being nos of months (payments))
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 published on the website for < 2 crore (withdrawable), if the withdrawn amount is < 2 crore else the interest rate applicable would be that of 2 < 5 crore (withdrawable) as published on the Bank's website www.indusind.com on the day of booking of the deposit.
# Simple interest will be paid on maturity for deposit wherever the tenure is upto 180 days.

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.

Indusind Bank Savings Account Interest Rates

Recurring Deposits Rates w.e.f. December 30th, 2020

Tenure	Interest Rate p.a.(%)	Senior Citizen Rates p.a.(%)
09 Months	5.75	6.25
12 Months	6.50	7.00
15 Months	6.50	7.00
18 Months	6.50	7.00
21 Months	6.50	7.00
24 Months	6.50	7.00
27 Months	6.50	7.00
30 Months	6.50	7.00
33 Months	6.50	7.00
3 years to below 61 month	6.50	7.00
61 month and above	6.25	6.75

Indusind Bank Savings Account Interest Rate Singapore

Tenor of RD is in multiples of month and corresponding rate of FD will be applicable
Minimum Value of RD is Rs 500 and thereafter in multiples of 100

Individual Savings Account

Enhancing And Encouraging Saving Standards Through Innovation

We, at IndusInd Bank, have dedicated ourselves to present the best savings bank account programmes for you and your family. We present a set of creatively crafted savings accounts that provide a host of banking benefits including reward points for active transactions, privilege and lifestyle offers, trading and portfolio solutions, flexible fund management, special banking facilities for senior citizens, along with competitive savings account interest rate for value added returns.

What Is The Interest Rate Of Indusind Bank

Get convenient account access from around the world, make quick utility bill payments, enjoy free NEFT and RTGS facilities, and be privy to other such banking options that will enhance and elevate your banking experience.

As an IndusInd Bank savings account customer, you receive the latest features in convenience banking. Some of the many benefits of banking with us include:
My Account My Number: Personalize your savings account number by choosing your own digits through the MAMN facility. It allows you to easily recollect your account number during on-the-go phone and net banking sessions.
Choice Money: This option enables you to withdraw cash in the denomination of your choice from all IndusInd Bank ATMs. This service is also available to non-IndusInd Bank customers.
Jump the Queue!: No IVR interruptions. IndusInd Select and IndusInd Exclusive savings accounts let you directly reach out to our phone banking executives and Relationship Managers for all your queries and banking assistance.
Check on Cheque: Receive a picture of every cheque that you issue from your IndusInd Bank account along with your bank statement. This is a first-of-its kind service provided by IndusInd Bank to help you keep track of your issued cheques.
Video Branch: You can now communicate with our Branch Managers, Relationship Managers, and centralised Video Branch Executives through our secure video branch. Carry out Fixed Deposit, Recurring Deposit, NEFT, RTGS transactions and much more from anywhere in the world.
Social Banking: Stay connected to your IndusInd Bank account through Facebook. Check your balance, get mini-statements, recharge your mobile and DTH. Also, use Quickpay to send money to your Facebook and non-Facebook friends.
Higher Interest Rate: Enjoy interest rates of up to 6% on your savings with IndusInd Bank.
Insurance: We assure your financial independence through our complimentary insurance policies, safeguarding you against the ever-increasing, individual risks.
Lifestyle: Besides the innovative banking features, your IndusInd Bank account provides you the finest lifestyle and leisure privileges, such as discounts on movie tickets at BookMyShow, offers at leading spas, etc.
Walk into your nearest IndusInd Bank branch or open a savings account online with an Account Number of your choice with the added advantage of a quick and hassle-free doorstep documentation process.