Earn 7.5% interest with Indusind Bank Online Fixed Deposit
Earn 7.5% interest with Indusind Bank Online Fixed Deposit

Book an Indusind bank online fixed deposit with ease and enjoy great returns

Give your savings a smart push with Indusind bank online fixed deposit today. Earn up to 7.5% p.a. interest with Indusind bank online fixed deposit. You can book fixed deposit in just 3 easy steps with only your Aadhar and PAN details sitting in the comfort of your home with no physical documents required.

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Booking Indusind bank online fixed deposit is an absolute breeze. If you are always on the move and you don’t find enough time to visit your bank, then this definitely solves a major concern and the helpful calculator simply takes your confusion away!

At the time of opening, you do not need to provide any documents. You need to authenticate yourself using Adhaar. However, within the next 1 year from opening fixed deposit, you need to submit your KYC documents. Bank’s executive will contact you for the same. Checkout the benefits and interest rates of Indusind bank fixed deposits below.

Earn 7.5% interest with Indusind Bank Online Fixed Deposit

Benefits of Indusind bank online fixed deposit

  • Book a Fixed Deposit online in a matter of minutes, wherever you are.
  • Book Fixed Deposit by pulling funds from other Bank accounts.
  • Book a Fixed Deposit and choose the amount, tenure and maturity instructions.
  • You do not need to be a Indusind bank account holder to open an online fixed deposit.
  • If you are a Senior Citizen then you can enjoy higher interest rates on Indusind bank online fixed deposit.

Indusind bank online Fixed Deposit Rates for Domestic /NRO/ NRE/Senior Citizen (all in %)

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w.e.f. July 13th, 2020Less than 2 Cr* (Domestic /NRO/NRE deposits)
NRE deposit rates applicable only for
Tenure 1 year onwards
Less than 2 Cr* (Senior Citizen)
Not applicable for NRO/NRE deposits
TenureRateAnnualised Yield*RateAnnualised Yield*
7 days to 14 days3.25%3.25%3.75%3.75%
15 days to 30 days3.25%3.25%3.75%3.75%
31 days to 45 days3.75%3.75%4.25%4.25%
46 days to 60 days4.10%4.10%4.60%4.60%
61 days to 90 days4.30%4.30%4.80%4.80%
91 days to 120 days4.50%4.50%5.00%5.00%
121 days to 180 days5.00%5.00%5.50%5.50%
181 days to 210 days5.40%5.44%5.90%5.94%
211 days to 269 days5.60%5.68%6.10%6.19%
270 days or below 1 year6.15%6.25%6.65%6.76%
1 Year to 1 Year 2 Days7.00%7.12%7.50%7.64%
1 Year 3 Days to 1 Year 2 Months7.00%7.19%7.50%7.71%
Above 1 Year 2 Months to below 1 Year 6 Months7.00%7.25%7.50%7.79%
1 Year 6 Months to below 1 Year 7 Months7.00%7.31%7.50%7.86%
1 Year 7 Months to below 2 Years7.00%7.31%7.50%7.86%
2 years to below 2 years 6 Months7.00%7.44%7.50%8.01%
2 years 6 Months to below 2 years 9 Months7.00%7.65%7.50%8.24%
2 years 9 Months to below 3 years7.00%7.71%7.50%8.32%
3 years to below 61 month6.75%7.68%7.25%8.32%
61 month and above6.65%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.

To Open a Fixed Deposit online Click Here

Please Note
***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.

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%.

Know the Income Tax Slab & Tax Rates for the Assessment Year 2020-21

NRE deposit rates are applicable only for Tenure 1 year  onwards.

Above mentioned rates are not applicable for Call/Notice/Term Money market participants (both as lenders and borrowers). Kindly contact nearest branch/RM for rates and guidance

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.
Method of calculation of interest:
  • Fixed Deposits –
  • 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.

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 online Fixed Deposit Rates for Domestic /NRO/ NRE (all in %) w.e.f. July 13th, 2020

Tenure2 crore to less than 5 crores (Domestic /NRO/NRE deposits) – Premature Withdrawal Allowed**1 crore to less than 5 crores (Domestic /NRO/NRE deposits) – Premature Withdrawal Not Allowed***
(Only for Non-Individuals)
RateAnnualised Yield*RateAnnualised Yield*
7 days to 14 days3.25%3.25%3.25%3.25%
15 days to 30 days3.25%3.25%3.25%3.25%
31 days to 45 days3.70%3.70%3.80%3.80%
46 days to 60 days4.00%4.00%4.10%4.10%
61 days to 90 days4.50%4.50%4.60%4.60%
91 days to 120 days4.75%4.75%4.85%4.85%
121 days to 180 days5.00%5.00%5.10%5.10%
181 days to 210 days5.30%5.34%5.40%5.44%
211 days to 269 days5.75%5.83%5.90%5.99%
270 days or below 1 year6.25%6.35%6.40%6.50%
1 Year to 1 Year 2 Days6.75%6.86%7.00%7.12%
1 Year 3 Days to 1 Year 2 Months6.75%6.92%7.00%7.19%
Above 1 Year 2 Months to below 1 Year 6 Months6.75%6.98%7.00%7.25%
1 Year 6 Months to below 1 Year 7 Months7.00%7.31%7.00%7.31%
1 Year 7 Months to below 2 Years6.75%7.04%7.00%7.31%
2 years to below 2 years 6 Months6.75%7.16%7.00%7.44%
2 years 6 Months to below 2 years 9 Months6.75%7.35%7.00%7.65%
2 years 9 Months to below 3 years6.75%7.41%7.00%7.71%
3 years to below 61 month6.75%7.68%6.85%7.80%
61 month and above6.75%7.95%6.85%8.09%
Indus Tax Saver Scheme (5 years)NANANANA

*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.

To Open a Fixed Deposit online Click Here

Please Note
***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.

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  onwards.

Above mentioned rates are not applicable for Call/Notice/Term Money market participants (both as lenders and borrowers). Kindly contact nearest branch/RM for rates and guidance

High Value / Bulk Deposit of value 2 Crs & above shall be accepted at the sole discretion of the Bank

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.
Method of calculation of interest:
  • Fixed Deposits –
  • 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.