IndusInd Bank has recently revised its fixed deposit (FD) interest rates, delivering a setback to millions of customers. As one of the leading private sector banks in India, IndusInd Bank has reduced FD interest rates for deposits below ₹3 crore.
Following the latest revision, general customers can now earn a maximum interest rate of 7.75%, while senior citizens are entitled to a slightly higher rate of 8.25%. These rates apply to fixed deposits with a tenure ranging from 1 year 5 months to less than 1 year 6 months.
IndusInd Bank now offers interest rates ranging from 3.50% to 7.75% for general customers and 4.00% to 8.25% for senior citizens. Previously, the maximum interest rate for general customers was 7.99%, while senior citizens could earn up to 8.49%. The revised rates took effect from February 24, 2025, following the Reserve Bank of India’s (RBI) recent repo rate cut.
| FD Tenure | Interest Rate for General Customers |
|---|---|
| 7 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 | 5.00% |
| 181 to 210 days | 5.85% |
| 211 to 269 days | 6.10% |
| 270 to 354 days | 6.35% |
| 355 to 364 days | 6.50% |
| 1 year to 1 year 3 months | 7.75% |
| 1 year 3 months to 1 year 6 months | 7.75% |
| 1 year 6 months to 2 years | 7.75% |
| 2 years 3 months to 2 years 7 months | 7.25% |
| 2 years 7 months to 3 years 3 months | 7.25% |
| 3 years 3 months to 61 months | 7.25% |
| 61 months and above | 7.00% |
| Tax-saving FDs (above 5 years) | 7.25% |
The revised FD rates come as a response to the RBI's decision to lower the repo rate. As a result, IndusInd Bank adjusted its interest rates accordingly, impacting both new and existing depositors. While the bank continues to offer competitive returns, customers should carefully review their investment plans in light of these changes.
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