Highest FD Interest Rates 2023: Top Bank Offering 8%+ Returns
FD Interest Rate : Good news during the festival season. If you’re thinking about fixed deposit investment, then it is the right time to invest. Because a renowned private bank in India has updated their FD interest rate.
The bank offers a maximum interest rate of 8.25 percent on FDs maturing in 1 year to less than 1.5 years.
8.25% interest rate
Now IndusInd Bank, one of the largest private sector banks in the country, has also revised FD interest rates. Fixed deposits below Rs 2 crore have been revised by the bank.
The new interest rates have come into effect from 28 May 2024. The new FD interest rates have gone up to 8.25 percent.
Interest rates are different for general and senior citizen
General customers will get maximum interest up to a maximum of 7.99 percent. However, senior citizens will be given a maximum interest of 8.25 percent.
IndusInd Bank is offering the benefit of different interest rates with different tenures. Interest rates are different for general and senior citizen customers.
Here you are given the facility of FD from 7 days to more than 5 years. The bank is paying an additional interest of 0.50 percent to senior citizens.
The bank offers a maximum interest of 8.25 per cent on FDs maturing in 1 year to less than 1.5 years.
Interest Rates for General Investors in IndusInd Bank
- 7 days to 14 days – 3.50 percent
- 15 days to 30 days -3.50 percent
- 31 days to 45 days – 3.75 percent
- 46 days to 60 days – 4.75 percent
- 61 days to 90 days – 4.75 percent
- 91 days to 120 days – 4.75 percent
- 121 Days to 180 Days – 5.00%
- 181 days to 210 days – 5.85 percent
- 211 days to 269 days – 6.10 percent
- 270 days to 354 days – 6.35%
- 355 days or 364 days – 6.50 percent
- 1 year to less than 1 year 6 months – 7.75%
- 1 year 6 months to less than 1 year 7 months – 7.75 percent
- 1 year 7 months to 2 years – 7.75%
- Above 2 years 2 years up to 1 month – 7.25%
- More than 2 years 1 month to less than 2 years 6 months – 7.25%
- 2 years 6 months to less than 2 years 9 months – 7.25%
- 2 years 9 months to 3 years 3 months – 7.25%
- Above 3 years 3 months to Below 61 months – 7.25%
- Above 61 months – 7.00%
- Indus Tax Saver FD – 7.25 percent.