Private banks have revised the interest rates on FDs. The new rates have become effective. Senior citizens are getting higher returns than ordinary citizens.
Bank FD Rates: Private sector IndusInd Bank has revised the interest rates of fixed deposits. New interest rates have come into effect from 7 September 2024 for deposits less than Rs 3 crore. Let us tell you that the bank is offering 0.50% extra interest to senior citizens as compared to general citizens.
According to the official website of IndusInd Bank, general citizens are getting interest ranging from 3.50% to 7.99% on FDs ranging from 7 days to 10 years. At the same time, the bank is giving interest ranging from 4% to 8.49% to senior citizens.
Highest returns are being given on FDs of these days
The bank is giving the highest returns on tenures ranging from 1 year 4 months to less than 1 year 6 months. The interest rate for general citizens is 7.99% and for senior citizens it is 8.49%. Apart from this, there are three such FDs between one year to 2 years on which the bank is offering 7.75% interest to general citizens. There are five different tenures of more than 2 years, on which 7.25% interest is being given. This list also includes the Indus Tax Saver Scheme of five years.
Tenure and interest rates for general citizens
- 7 to 14 days- 3.50%
- 15 to 30 days- 3.50%
- 31 to 45 days- 3.75%
- 46 to 60 days- 4.75%
- 61 to 90 days- 4.75%
- 91 to 120 days- 4.75%
- 121 to 180 days- 5%
- 181 to 210 days- 5. 50%
- 211 to 269 days- 6.10%
- 270 to 354 days- 6.35%
- 355 to 364 days- 6.50%
- 1 year to less than 1 year 3 months- 7.75%
- 1 year 3 months to less than 1 year 4 months- 7.75%
- 1 year 4 months to less than 1 year 6 months- 7.99%
- 1 year 6 months to Upto 2 years – 7.75%
- More than 2 years and less than 2 years 6 months – 7.25%
- 30 months to less than 31 months – 7.25%
- 2 years 7 months to 3 years 3 months – 7.25%
- More than 3 years 3 months and less than 61 months – 7.25%
- 61 months and above – 7%
- 5 years Indus Saver Scheme – 7.25%
