FD interest rates of less than Rs 2 crore have been changed by the private sector IndusInd Bank. The new interest rates have come into effect from August 5, 2023. The bank has reduced the interest rate on FDs from one year, seven months to two years by 25 basis points.
This deduction has been made by the bank at a time when the RBI meeting to review interest rates is scheduled next week.
Latest interest rate on FD of IndusInd Bank
From the bank, 3.5 percent on FDs from 7 days to 30 days, 3.75 percent on FDs from 31 days to 45 days, 4.25 percent on FDs from 46 days to 60 days, 4.60 percent on FDs from 61 days to 90 days Percentage, 4.75% on FDs from 91 days to 120 days, 5.00% on FDs from 121 days to 180 days, 5.85% on FDs from 181 days to 210 days, 6.10% on FDs from 211 days to 269 days, 6.35 percent interest is being given on FDs ranging from 270 days to 364 days.
The bank is giving 7.50 percent interest on FDs of one year to two years, 7.25 percent on FDs of two years one day to less than 61 months and 7.00 percent on FDs of 61 months and above.
Interest to senior citizens
An additional interest of 0.75 percent is being given by the bank to senior citizens on FDs of less than two crores on FDs of all periods.
