Personal Finance News
Latest fixed deposit interest rate cut: IndusInd Bank changes rates for FDs below ₹3 crore from Feb 24
.png)
3 min read | Updated on February 25, 2025, 14:31 IST
SUMMARY
With effect from February 24, 2025, the highest rate offered by IndusInd Bank is 7.75% for general citizens and 8.25% for senior citizens on deposits of different tenors.
Since the repo rate cut announcement by RBI, several banks have revised FD interest rates. | Image source: Shutterstock
IndusInd Bank has become the latest bank to revise its fixed deposit interest rate for general and senior citizens.
With effect from February 24, 2025, the highest rate offered by IndusInd Bank is 7.75% for general citizens and 8.25% for senior citizens on deposits of different tenors.
Earlier, IndusInd Bank offered up to 7.99% interest to general citizens and up to 8.49% to senior citizens on different tenures.
As per the IndusInd bank's website, senior citizens can earn 8.25% interest on various deposits of 1 year to two years while general citizens can earn 7.75% interest on deposits of similar tenures.
On long-term deposits of above 61 months, IndusInd Bank is offering 7.5% interest to senior citizens and 7% interest to general citizens.
IndusInd Bank interest rates for fixed deposits up to ₹3 crore
| Tenure | Interest rate (Domestic/Resident) | Interest rate (Senior Citizen) |
|---|---|---|
| 7 days to 14 days | 3.50 | 4.00 |
| 15 days to 30 days | 3.50 | 4.00 |
| 31 days to 45 days | 3.75 | 4.25 |
| 46 days to 60 days | 4.75 | 5.25 |
| 61 days to 90 days | 4.75 | 5.25 |
| 91 days to 120 days | 4.75 | 5.25 |
| 121 days to 180 days | 5.00 | 5.50 |
| 181 days to 210 days | 5.85 | 6.35 |
| 211 days to 269 days | 6.10 | 6.60 |
| 270 days to 354 days | 6.35 | 6.85 |
| 355 days to 364 days | 6.50 | 7.00 |
| 1 Year to below 1 Year 3 months | 7.75 | 8.25 |
| 1 Year 3 months (15 months) to below 1 Year 4 months (16 months) | 7.75 | 8.25 |
| 1 Year 4 months to below 1 Year 5 months | 7.75 | 8.25 |
| 1 Year 5 months to below 1 Year 6 months | 7.75 | 8.25 |
| 1 Year 6 Months up to 2 Years | 7.75 | 8.25 |
| Above 2 Years to below 2 Years 6 Month | 7.25 | 7.75 |
| 2 years 6 Months (30 months) to below 2 years 7 months (31 months) | 7.25 | 7.75 |
| 2 year 7 months to 3 years 3 months | 7.25 | 7.75 |
| Above 3 years 3 months to below 61 month | 7.25 | 7.75 |
| 61 month and above | 7.00 | 7.50 |
| Tax Saver (5 Years) | 7.25 | 7.75 |
Source: IndusInd Bank website, data as on February 25, 2025
The fixed deposit interest rate offered by IndusInd Bank is compounded quarterly. Simple interest is paid on maturity for deposit wherever the tenure is up to 180 days.
Related News
About The Author
Next Story
