Indusind Bank latest savings bank, Fixed Deposit, Recurring deposit and housing loan interest rate

Term Deposit

Domestic /NRO/ NRE/Senior Citizen Deposit Rates (all in %)

w.e.f. July 13th, 2020 < 2 Cr* (Domestic /NRO/NRE deposits)
NRE deposit rates applicable only for
Tenure 1 year onwards
< 2 Cr* (Senior Citizen)
Not applicable for NRO/NRE deposits
Maturity Period Rate Annualised Yield* Rate Annualised Yield*
7 days to 14 days 3.25 % 3.25 % 3.75 % 3.75 %
15 days to 30 days 3.25 % 3.25 % 3.75 % 3.75 %
31 days to 45 days 3.75 % 3.75 % 4.25 % 4.25 %
46 days to 60 days 4.10 % 4.10 % 4.60 % 4.60 %
61 days to 90 days 4.30 % 4.30 % 4.80 % 4.80 %
91 days to 120 days 4.50 % 4.50 % 5.00 % 5.00 %
121 days to 180 days 5.00 % 5.03 % 5.50 % 5.54 %
181 days to 210 days 5.40 % 5.44 % 5.90 % 5.94 %
211 days to 269 days 5.60 % 5.68 % 6.10 % 6.19 %
270 days or below 1 year 6.15 % 6.25 % 6.65 % 6.76 %
1 Year to 1 Year 2 Days 7.00 % 7.12 % 7.50 % 7.64 %
1 Year 3 Days to 1 Year 2 Months 7.00 % 7.19 % 7.50 % 7.71 %
Above 1 Year 2 Months to below 1 Year 6 Months 7.00 % 7.25 % 7.50 % 7.79 %
1 Year 6 Months to below 1 Year 7 Months 7.00 % 7.31 % 7.50 % 7.86 %
1 Year 7 Months to below 2 Years 7.00 % 7.31 % 7.50 % 7.86 %
2 years to below 2 years 6 Months 7.00 % 7.44 % 7.50 % 8.01 %
2 years 6 Months to below 2 years 9 Months 7.00 % 7.65 % 7.50 % 8.24 %
2 years 9 Months to below 3 years 7.00 % 7.71 % 7.50 % 8.32 %
3 years to below 61 month 6.75 % 7.68 % 7.25 % 8.32 %
61 month and above 6.65 % 7.81 % 7.15 % 8.50 %
Indus Tax Saver Scheme (5 years) 6.75 % 7.95 % 7.25 % 8.65 %

*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.

FD Rates w.e.f. July 13th, 2020

Maturity Period 2 crore to less than 5 crores- Premature Withdrawal Allowed** 1 crore to less than 5 crores- Premature Withdrawal Not Allowed***
(Only for Non-Individuals)
Rate Annualised Yield* Rate Annualised Yield*
7 days to 14 days 3.25 % 3.25 % 3.25 % 3.25 %
15 days to 30 days 3.25 % 3.25 % 3.25 % 3.25 %
31 days to 45 days 3.70 % 3.70 % 3.80 % 3.80 %
46 days to 60 days 4.00 % 4.00 % 4.10 % 4.10 %
61 days to 90 days 4.50 % 4.50 % 4.60 % 4.60 %
91 days to 120 days 4.75 % 4.75 % 4.85 % 4.85 %
121 days to 180 days 5.00 % 5.00 % 5.10 % 5.10 %
181 days to 210 days 5.30 % 5.34 % 5.40 % 5.44 %
211 days to 269 days 5.75 % 5.83 % 5.90 % 5.99 %
270 days or below 1 year 6.25 % 6.35 % 6.40 % 6.50 %
1 Year to 1 Year 2 Days 6.75 % 6.86 % 7.00 % 7.12 %
1 Year 3 Days to 1 Year 2 Months 6.75 % 6.92 % 7.00 % 7.19 %
Above 1 Year 2 Months to below 1 Year 6 Months 6.75 % 6.98 % 7.00 % 7.25 %
1 Year 6 Months to below 1 Year 7 Months 7.00 % 7.31 % 7.00 % 7.31 %
1 Year 7 Months to below 2 Years 6.75 % 7.04 % 7.00 % 7.31 %
2 years to below 2 years 6 Months 6.75 % 7.16 % 7.00 % 7.44 %
2 years 6 Months to below 2 years 9 Months 6.75 % 7.35 % 7.00 % 7.65 %
2 years 9 Months to below 3 years 6.75 % 7.41 % 7.00 % 7.71 %
3 years to below 61 month 6.75 % 7.68 % 6.85 % 7.80 %
61 month and above 6.75 % 7.95 % 6.85 % 8.09 %
Indus Tax Saver Scheme (5 years) NA NA NA NA

FCNR / RFC* Deposits – w.e.f. September 1st, 2020

Period USD GBP EUR JPY CAD AUD
1yr  < 2 yrs 2.25% 1.85% 1.56% 0.01% 2.62% 2.00%
2 yrs< 3 yrs 2.23% 2.00% 1.56% 0.01% 2.50% 2.17%
3 yrs< 4yrs 2.00% 1.55% 1.20% 2.95% 2.40% 2.30%
4 yrs< 5 yrs 1.75% 1.55% 0.90% 0.01% 2.30% 2.20%
5 yrs 1.70% 1.70% 0.75% 2.95% 2.30% 2.20%

Recurring Deposits Rates w.e.f. July 13th, 2020

Tenure Interest Rates p.a. (%) Senior Citizen Rates p.a.(%)
09 Months 6.15 % 6.65 %
12 Months 7.00 % 7.50 %
15 Months 7.00 % 7.50 %
18 Months 7.00 % 7.50 %
21 Months 7.00 % 7.50 %
24 Months 7.00 % 7.50 %
27 Months 7.00 % 7.50 %
30 Months 7.00 % 7.50 %
33 Months 7.00 % 7.50 %
3 years to below 61 month 6.75 % 7.25 %
61 month and above 6.65 % 7.15 %

Savings Bank Account Interest Rate

Savings Bank Account Interest Rate
Domestic / Non Resident (NRO/NRE)*
Rate p.a
a. Daily balance Upto Rs. 1 Lakh 4.00%
b. Daily balance above Rs. 1 Lakh & upto (& including) Rs. 10 Lakhs 5.00%
c. Daily balance above Rs.10 Lakhs 6.00%
RFC savings Rate FCNR – 1 year rate applicable#

MCLR Rate

Rates are effective from August 22, 2020

MCLR Benchmark MCLR (%)
Overnight 8.40%
1 month 8.45%
3 month 8.75%
6 month 8.90%
1 year 8.95%
2 year 9.00%
3 year 9.05%

Base Rate

Base Rate 10.55% p.a. with effect from July 02, 2020

BPL Rate

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

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