Before the announcement of RBI’s MPC, IndusInd Bank, one of the country’s largest private sector banks, has cut the interest rates on FDs.
FD Rate Cut: The meeting of the Monetary Policy Committee (RBI MPC) of the Reserve Bank of India started on Tuesday (8 August). This meeting is currently underway. On the morning of August 10, RBI Governor Shaktikanta Das will announce the monetary policy. At the same time, before the announcements of RBI, IndusInd Bank, one of the country’s largest private sector banks, has cut the interest rates on fixed deposits ie FDs for some tenures.
IndusInd Bank has cut its FD rates by 0.25 percent. Now common citizens will get a maximum interest of 7.5 percent on getting FD in IndusInd Bank. At the same time, senior citizens will now get interest of up to 8.25 percent. The new rates of the bank have come into effect from today, August 5, 2023.
IndusInd Bank FD Rates
- Interest on FD maturing in 7 to 30 days – 3.50 percent
- Interest on FD maturing in 31 to 45 days – 3.75 percent
- Interest on FD maturing in 46 to 60 days – 4.25 percent
- Interest on FD maturing in 61 to 90 days – 4.60 percent
- Interest on FD maturing in 91 to 120 days – 4.75 percent
- Interest on FD maturing in 121 to 180 days – 5 percent
- Interest on FD maturing in 181 to 210 days – 5.85 percent
- Interest on FD maturing in 211 to 269 days – 6.1 percent
- Interest on FD maturing in 270 to 354 days – 6.35 percent
- Interest on FD maturing in 355 to 364 days – 6.35 percent
- Interest on FD maturing in 1 year to 1 year 6 months – 7.5 percent
- Interest on FDs maturing in 1 year to 6 months to 2 years – 7.5 percent
- 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
IndusInd Bank has 2,103 Branches/Banking Outlets and 2,861 ATMs
As on December 31, 2021, IndusInd Bank had 2,103 Branches/Banking Outlets and 2,861 ATMs, spread across 769 Geographical Areas across the country.
