IndusInd Bank FD Calculator
IndusInd Bank Fixed Deposit Rates for Domestic/NRO Deposits of less than Rs. 2 crore - General Citizens
| Tenure | Regular Citizens (%) |
| 7 days to 14 days | 3.5 |
| 15 days to 30 days | 3.5 |
| 31 days to 45 days | 4 |
| 46 days to 60 days | 4 |
| 61 days to 90 days | 4.25 |
| 91 days to 120 days | 4.5 |
| 121 days to 180 days | 4.75 |
| 181 days to 210 days | 5 |
| 211 days to 269 days | 5.25 |
| 270 days to 354 days | 5.5 |
| 355 days to 364 days | 5.5 |
| 1 year to below 1 year 6 months | 6.25 |
| 1 year 6 months to below 1 year 7 months | 6.75 |
| 1 year 7 months to below 2 years | 6.75 |
| 2 years to below 2 years 6 months | 6.75 |
| 2 years 6 months to below 2 years 9 months | 6.75 |
| 2 years 9 months to below 3 years | 6.75 |
| 3 years to below 61 months | 6.75 |
| 61 months and above | 6.25 |
Note: The FD interest rates are effective as of 12 August 2022
IndusInd Bank Fixed Deposit Rates for Domestic/NRO Deposits of less than Rs. 2 crore - Senior Citizens
| Tenure | Senior Citizens (%) |
| 7 days to 14 days | 4.25 |
| 15 days to 30 days | 4.25 |
| 31 days to 45 days | 4.75 |
| 46 days to 60 days | 4.75 |
| 61 days to 90 days | 5 |
| 91 days to 120 days | 5.25 |
| 121 days to 180 days | 5.5 |
| 181 days to 210 days | 5.75 |
| 211 days to 269 days | 6 |
| 270 days to 354 days | 6.25 |
| 355 days to 364 days | 6.25 |
| 1 year to below 1 year 6 months | 7 |
| 1 year 6 months to below 1 year 7 months | 7.5 |
| 1 year 7 months to below 2 years | 7.5 |
| 2 years to below 2 years 6 months | 7.5 |
| 2 years 6 months to below 2 years 9 months | 7.5 |
| 2 years 9 months to below 3 years | 7.5 |
| 3 years to below 61 months | 7.5 |
| 61 months and above | 7 |
Note: The FD interest rates are effective as of 12 August 2022
Indusind Fixed Deposit Interest Rates for Domestic/NRO Deposits of Rs. 2 crore to less than Rs. 5 crore
| Tenure | Regular Citizens (% p.a.) |
| 7 days to 14 days | 4 |
| 15 days to 30 days | 4.1 |
| 31 days to 45 days | 4.25 |
| 46 days to 60 days | 4.35 |
| 61 days to 90 days | 4.5 |
| 91 days to 120 days | 5 |
| 121 days to 180 days | 5.1 |
| 181 days to 210 days | 5.25 |
| 211 days to 269 days | 5.4 |
| 270 days to 354 days | 5.75 |
| 355 days to 364 days | 6 |
| 1 year to below 1 year 6 months | 6.25 |
| 1 year 6 months to below 1 year 7 months | 6.75 |
| 1 year 7 months to below 2 years | 6.75 |
| 2 years to below 2 years 6 months | 6.75 |
| 2 years 6 months to below 2 years 9 months | 6.75 |
| 2 years 9 months to below 3 years | 6.75 |
| 3 years to below 61 months | 6.75 |
| 61 months and above | 6.5 |
Note: The FD interest rates are effective as of 12 August 2022
IndusInd Bank Tax Saver Deposit - General Public
| Tenure | Regular Citizens |
| 5 Years | 6.75% |
IndusInd Bank Tax Saver Deposit - Senior Citizens
| Tenure | Senior Citizens |
| 5 Years | 7.50% |
Indusind Fixed Deposit Interest Rates for Domestic/NRO Deposits of Rs. 2 crore to less than Rs. 5 crore
| Tenure | Regular Citizens (% p.a.) |
| 7 days to 14 days | 4 |
| 15 days to 30 days | 4.1 |
| 31 days to 45 days | 4.25 |
| 46 days to 60 days | 4.35 |
| 61 days to 90 days | 4.5 |
| 91 days to 120 days | 5 |
| 121 days to 180 days | 5.1 |
| 181 days to 210 days | 5.25 |
| 211 days to 269 days | 5.4 |
| 270 days to 354 days | 5.75 |
| 355 days to 364 days | 6 |
| 1 year to below 1 year 6 months | 6.25 |
| 1 year 6 months to below 1 year 7 months | 6.75 |
| 1 year 7 months to below 2 years | 6.75 |
| 2 years to below 2 years 6 months | 6.75 |
| 2 years 6 months to below 2 years 9 months | 6.75 |
| 2 years 9 months to below 3 years | 6.75 |
| 3 years to below 61 months | 6.75 |
| 61 months and above | 6.5 |
Note: The FD interest rates are effective as of 12 August 2022
Indusind Fixed Deposit Rates on NRE deposits
| Tenure | Less than Rs. 2 Crores | Rs. 2 Crores to less than Rs. 5 Crores |
| 1 year to below 1 year 6 months | 7.25% | 7.25% |
| 1 year 6 months to below 1 year 7 months | 7.25% | 7.25% |
| 1 year 7 months to below 2 years | 7.25% | 7.25% |
| 2 years to below 2 years 6 months | 7.25% | 7.25% |
| 2 years 6 months to below 2 years 9 months | 7.00% | 7.00% |
| 2 years 9 months to below 3 years | 7.00% | 7.00% |
| 3 years to below 5 years 1 month | 7.00% | 7.00% |
| 5 years 1 month and above | 6.00% | 6.00% |
Note: The FD interest rates are effective as of 8 August 2022
Indusind Bank FD Rates on FCNR/RFC* deposits
| Tenure | USD | GBP | EUR | JPY | CAD | AUD |
| 1 year to less than 2 years | 4.15 | 3.2 | 1.25 | – | 4 | 3.85 |
| 2 years to less than 3 years | 4.3 | 3.55 | 1.7 | 2.2 | 4.2 | 4.3 |
| 3 years to less than 4 years | 3.75 | 3.1 | 1.4 | 1.5 | 3.75 | 4.05 |
| 4 years to less than 5 years | 3.6 | 3 | 1.4 | – | 3.65 | 4.05 |
| 5 years | 3.5 | 2.85 | 1.4 | 1.6 | 3.55 | 4 |
Note: The FD interest rates are effective as of 8 August 2022
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IndusInd Bank FD Calculator
IndusInd Bank offers different fixed deposit schemes at high interest rates. You can open an FD account in any of the banks or NBFCs to get stable returns at minimal risks. However, before making an FD investment, it is necessary to check the maturity amount. Now with the online IndusInd Bank fixed deposit calculator, you can seamlessly evaluate how much you can earn for investing a certain amount for a specific period.
Here’s more about an IndusInd Bank FD calculator.
IndusInd Bank Fixed Deposit Calculator
This bank offers FDs at flexible tenure and highly attractive interest rates for its customers. IndusInd FD rates range from 3.50% p.a. to 7.25% p.a. for the general public and 4.00% to 7.85% for senior citizens for deposits less than ₹2 crore. However, this interest rate varies according to your chosen tenure.
Calculating the maturity amount depending on the selected tenure can be a tedious task as there can be risks of miscalculations. In such a scenario, an online IndusInd Bank FD helps to eliminate such hitches and allows you to calculate error-free interest amount that your money will earn when kept in the FD scheme.
How Does the IndusInd FD Calculator Work?
It is quite easy to use an online FD calculator. To use an IndusInd Bank fixed deposit calculator, you need to follow these simple steps:
1. Fill in the box of “Total Investment” with the amount you wish to invest
2. Drag the cursor accordingly until you reach the desired tenure. Else, you can enter the number of years in the given box.
3. Finally, enter the interest rate.
4. Now the right side of the page will display the total value and estimated return received against the FD investment.
Additionally, you can alter different inputs to find a suitable FD scheme as per your investment goals.
FD is a safe and secure investment where you need a one-time deposit. You will earn interest on the amount you deposit for a chosen tenure. There are two methods of calculating interest amounts on FDs: Compound interest and simple interest.
In the case of compound interest, the formula is:
A = P (1 + r/n) ^ n*t
Where,
- P is the investment amount
- A denotes the total amount you will receive during maturity
- r stands for the annual fixed deposit rates of IndusInd Bankt denotes investment tenure
- n is the number of times interest is compounded.
For an in-depth understanding of how this calculator works, let’s consider an example:
Suppose you are investing ₹ 35,000 in IndusInd FD for a tenure of 5 years at the annually compounded rate of 5.5%.
So,
P = ₹ 35,000
r = 5.5%
n = 1
t = 5
Hence, A = ₹35,000 (1+5.5%/1)^1*5
The interest you will earn after 5 years will be ₹ 45,992, and the interest amount is A-P = ₹ 45,992 – ₹ 35,000 = ₹10,992.
In case of simple interest, the formula used is:
M= P+ (PXRXT/100),
Where P is the investment amount, M stands for maturity amount, T is investment tenure, and R is IndusInd Bank fixed deposit interest rate.
Benefits of an Online IndusInd FD Calculator
Check out the best advantages of using this online calculator:
- This calculator gives precise results every time based on the information entered. An online calculator comes with a built-in automated mechanism which eliminates the risk of erroneous results.
- This calculator comes with a user-friendly interface. To determine the accurate estimation, you need to enter details of a principal amount, tenure, and interest rate.
- It is completely free, and one can use it anytime, anywhere. These tools are readily available on various websites and require no login or paying any additional charges to use them.
- You can make various alterations to the investment input and find a favourable FD scheme. This will help you to make more sound financial decisions.
Online tools like Upstox IndusInd fixed deposit calculator facilitate the financial management process for investors. So, before you invest in IndusInd FD, you can use this tool to get an accurate estimation of the interest and maturity value.
Frequently Asked Questions
Can a customer open an FD account online in IndusInd Bank?
Yes, customers can open an FD account online through the official portal.
What is the highest fixed deposit interest rate for IndusInd Bank?
The highest FD rates offered by this bank are 7.25% for general citizens and 7.85% for senior citizens on deposits less than ₹2 crore.
Are there any special rates for senior citizens in IndusInd Bank?
Yes, IndusInd Bank offers additional interest rates for senior citizens in different FD schemes. They offer 0.5% p.a. higher than the base rates.
What is the maximum and the minimum tenure of IndusInd Bank FD?
The minimum tenure of the IndusInd Bank fixed deposit is 7 days, whereas the maximum tenure is 61 months and more.
In how many years has FD doubled in the IndusInd Bank?
Using the rule of 72, you can determine the number of years it will need to double IndusInd fixed deposit amount. To calculate, you need to divide 72 by the rate of interest charged on your investment amount. For example, if the interest for our FD amount is 6.50%, it will take (72/6.50) 11.07 years to double your deposit amount.
Who are eligible to open an IndusInd fixed deposit account?
Any Indian resident over 18 years of age with a valid PAN card can open a fixed deposit account with IndusInd Bank.
Can I close an IndusInd fixed deposit account online?
No, you cannot close your FD account online, and to close your account, you must visit the branch at which you have opened it.
Can new customers open an FD online? If not, how can they do so?
Yes, IndusInd Bank offers the facility for both non-customers and customers of the bank. So if you do not hold an account with this bank, you can use Aadhaar or PAN card to open an FD.
Does IndusInd Bank provide an auto-renewal facility for fixed deposits?
You can choose the auto-renewal option during the time of making an FD investment or at any time throughout the term of the FD.
Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.