Bank Offering 8.25% Interest On Fixed Deposit To Senior Citizens

IndusInd Bank revised the interest rates on fixed deposits under 2 crore. The bank's official website states that the new rates become effective on June 2, 2023.

The bank now provides a 3.50 percent interest rate on FDs with maturities ranging from 7 to 30 days. The bank offers a 4% interest rate on FDs that mature in between 31 and 45 days. The bank offers a 4.5 percent interest rate on FDs with maturities of 46 to 60 days. The bank is currently offering a 4.6 percent interest rate on fixed deposits with maturities of 61 and 90 days.

For FDs maturing between 91 and 120 days, IndusInd Bank offers an interest rate of 5 percent. Similarly, for FDs maturing between 121 and 180 days, the bank provides an interest rate of 5 percent.

Following the revision, IndusInd Bank now offers an attractive interest rate of 5.85 percent for FDs maturing between 181 and 210 days. Customers can benefit from a higher interest rate of 6.10 percent for FDs with a maturity period of 211 to 269 days.

For longer-term deposits, IndusInd Bank offers a competitive interest rate of 6.35 percent for FDs maturing between 20 and 364 days. This rate provides customers with an opportunity to earn a substantial return on their investment.
The bank now provides a 7.75 percent interest rate on fixed deposits with maturities of one to two years. The bank offers an interest rate of 7.50% for FDs maturing in more than two years and three years and three months.

IndusInd Bank offers a 7.25 percent interest rate on FDs with maturities between 61 and three years and three months. The bank offers a 7% interest rate on FDs maturing in more than 61 months.

The bank offers an interest rate of 7.25% for the Indus Tax Saver Scheme (5 years).

Senior persons are entitled to an additional 0.50 percent interest rate on all FDs. For senior citizens, interest rates range from 4% to 8.25%.