FD Rates: After the Reserve Bank increased the repo rate in December, most banks are increasing interest on FDs. Now the country’s largest private sector bank IndusInd Bank has increased the interest on FD.
This increase has been done by the bank on FDs of less than Rs 2 crore. The bank is giving interest ranging from 4 per cent to a maximum of 7.50 per cent to general customers. The bank gives an additional interest of 0.50 per cent to senior citizens.
A maximum interest of 8.25 per cent is being given to senior citizens. These new rates have come into effect from today, February 16. RBI had recently increased the repo rate to control inflation.
IndusInd Bank FD Rates (Fixed Deposit Rate on IndusInd Bank )
Interest on FD maturing in 7 to 30 days – 3.50%
Interest on FD maturing in 31 to 45 days – 4%
Interest on FD maturing in 46 to 60 days – 4.50%
Interest on FD maturing in 61 to 90 days – 4.60%
Interest on FD maturing in 91 to 120 days – 4.75%
Interest on FD maturing in 121 to 180 days – 5%
Interest on FD maturing in 181 to 210 days – 5.75%
Interest on FD maturing in 211 to 269 days – 5.80%
Interest on FD maturing in 270 to 354 days – 6%
Interest on FD maturing in 355 to 364 days – 6.25%
Interest on FDs maturing in 1 year to 1 year 6 months – 7%
Interest on FDs maturing in 1 year to 6 months to 2 years – 7.25%
Interest on FD of 2 years to 3 years – 7.50 percent
Interest on FD of 3 years to 61 months – 7.25 percent
Interest on 5 year FD – 7.25 percent
