Highest Interest Rate: Interest rates on fixed deposits have become more attractive after the Reserve Bank of India (RBI) hiked interest rates. As part of this, many banks offer the highest interest rates on fixed deposits.
New FD Rates: IndusInd Bank, one of the leading private sector banks in the country, has invested Rs. It has announced that interest rates on fixed deposits of value below Rs 2 crore will be increased by up to 35 basis points. The increased interest rates will be effective from June 2, 2023, the bank said. At present, the bank offers an interest rate of 3.5 percent to 7.75 percent to regular customers on deposits with tenure of 7 days to 10 years.
The same offers interest rates ranging from 4 percent to 8.25 percent to senior citizens. General customers will get the highest interest rate of 7.75 per cent on fixed deposits with a tenure of one to two years, while senior citizens will get 8.25 per cent. The bank offers an additional interest rate of 50 basis points to senior citizens as compared to regular customers.
If we take a look at the interest rates offered by IndusInd Bank on fixed deposits…
- The bank now offers an interest rate of 3.50 percent on fixed deposits with a tenure of 7 days to 30 days.
- Bank now offers 4 percent interest rate on fixed deposits with tenor of 31 days to 45 days.
- Bank now offers interest rate of 4.50 percent on fixed deposits with tenor of 46 days to 60 days.
- The bank now offers an interest rate of 4.60 percent on fixed deposits with a tenure of 61 days to 90 days.
- The bank now offers an interest rate of 4.75 percent on fixed deposits with a tenure of 91 days to 120 days.
- Bank now offers 5 percent interest rate on fixed deposits with tenor of 121 days to 180 days.
- Bank now offers interest rate of 5.85 percent on fixed deposits with tenor of 181 days to 210 days.
- Bank now offers interest rate of 6.10 per cent on fixed deposits with tenor of 211 days to 269 days.
- The bank now offers an interest rate of 6.35 per cent on fixed deposits with tenors ranging from 270 days to 354.
- The bank now offers an interest rate of 6.35 percent on fixed deposits with a tenure of 355 days to 364 days.
- The bank now offers an interest rate of 7.75 percent on fixed deposits with a tenure of less than one year to one year and six months.
- The bank now offers an interest rate of 7.75 percent on fixed deposits with a tenure of one year six months to two years.
- The bank now offers an interest rate of 7.75 percent on fixed deposits with a tenure of two years to three years and three months.
- The bank now offers an interest rate of 7.25 percent on fixed deposits with tenure between three years and three months to 61 months.
- The bank now offers 7 percent interest rate on fixed deposits with a tenure of 61 months and beyond.
