Domestic / NRO/ NRE Rates (all in %):

Maturity Period DOMESTIC(RESIDENT)  DEPOSITS/ NRO DEPOSITS NRE DEPOSITS
<2 crore < 2Cr
  Rates p.a.(%) Annualised Yield* Rates p.a.(%) Annualised Yield*
7 days to 14 days 3.75 3.75 - -
15 days to 30 days 4.25 4.25 - -
31 days to 45 days 5.75 5.75 - -
46 days to 60 days 6.00 6.00 - -
61 days to 90 days 6.25 6.25 - -
91 days to 120 days 6.50 6.75 - -
121 days to 180 days 6.75 6.81 - -
181 days to 210 days 7.00 7.06 - -
211 days to 269 days 7.00 7.12 - -
270 days or below 1 years 7.25 7.38 - -
1 Years to 1 Years 2 Months 7.60 7.82 7.60 7.82
Above 1 Years 2 Months to 1 Years 4 Months 7.60 7.82 7.60 7.82
Above 1 Years 4 Months to below 2 Years 7.75 8.14 7.75 8.14
2 years to below 2 years 6 Months 7.75 8.30 7.75 8.30
2 years 6 Months to below 2 years 9 Months 7.75 8.55 7.75 8.55
2 years 9 Months to below 3 years 7.75 8.63 7.75 8.63
3 years to below 61 month 7.35 8.46 7.35 8.46
61 month and above 7.25 8.65 7.25 8.65
Indus Tax Saver Scheme (5 years) 7.5 7.61 NA NA

*Interest is compounded quarterly. Annualized yield is effective annual return basis the same.

 

FD Rates

  Premature Withdrawal Allowed Premature Withdrawal Not Allowed
(Only for Non-Individuals)
FD Amount 2 crore to less than 5 crores # 1 crore to less than 5 crores
Maturity Period Rate p.a.(%) Annualised Yield* Rate p.a.(%) Annualised Yield*
7 days to 14 days 4.50 4.50 4.50 4.50
15 days to 30 days 4.75 4.75 4.75 4.75
31 days to 45 days 6.50 6.50 6.50 6.50
46 days to 60 days 6.50 6.50 6.60 6.60
61 days to 90 days 6.50 6.50 6.60 6.60
91 days to 120 days 7.00 7.00 7.25 7.25
121 days to 180 days 7.25 7.32 7.35 7.42
181 days to 210 days 7.25 7.32 7.35 7.42
211 days to 269 days 7.25 7.38 7.35 7.49
270 days or below 1 years 7.50 7.64 7.60 7.75
1 Years to 1 Years 2 Months 7.75 7.98 7.85 8.08
Above 1 Years 2 Months to 1 Year 4 Months 7.75 7.98 7.85 8.08
Above 1 Years 4 Months to below 2 Years 7.75 8.14 7.85 8.25
2 years to below 2 years 6 Months 7.75 8.30 7.75 8.30
2 years 6 Months to below 2 years 9 Months 7.75 8.55 7.75 8.55
2 years 9 Months to below 3 years 7.75 8.63 7.75 8.63
3 years to below 61 month 7.45 8.59 7.50 8.65
61 month and above 7.25 8.65 7.25 8.65
Indus Tax Saver Scheme (5 years) NA NA NA NA
* The annualized yield is the effective annual rate of return taking into account the effect of compounding interest.
*Interest is compounded quarterly.  Annualized yield is effective annual return basis the same.
The minimum amount of FD booking is Rs. 10,000/-
# These rates are available for NR Deposit booking as well -

  • For NRO Deposits all listed tenure are available
  • For NRE Deposits only 1 Year & above tenure are available

Note: The Minimum Amount for FD booking should be Rs.10,000/-

 

FCNR / RFC* Deposits - w.e.f. June 1st, 2019

Period USD GBP EUR JPY CAD AUD
1yr  < 2 yrs 3.65 1.85 0.01 0.05 2.25 1.32
2 yrs< 3 yrs 3.65 2.25 0.01 0.03 1.88 1.27
3 yrs< 4yrs 3.15 1.90 0.01 2.95 1.85 1.28
4 yrs< 5 yrs 2.95 1.80 0.01 0.01 1.84 1.42
5 yrs 2.80 1.65 0.01 2.96 1.85 1.48
 
  • RFC Deposit Rates are same as that applicable for FCNR deposits. However the same are available only in USD, GBP & Euro
  • RFC Savings Rate is the rate applicable for 1Yr<2 Yrs on FCNR deposits and is available only in USD, GBP & Euro
In case of pre-mature withdrawal of FCNR (B) deposits,
  • No interest will be payable if the period the FCNR (B) deposit remains in force is less than 1 year.
  • If the deposit has remained in force for more than 1 year, interest will be calculated at the rate applicable for the period the Deposit has actually remained with the Bank less 1%.
  • Additionally, in case of pre-mature withdrawal of FCNR (B) deposits, SWAP (conversion) cost will be recovered, basis the prevailing market rates on the date of pre-mature withdrawal, between the FCNR (B) currency and Indian Rupees
Senior Citizens - Additional interest rate on Domestic Term Deposits
An additional interest rate of 0.50% over and above the card rates is applicable for Term Deposits of Senior citizens (Age 60 years & above) for value below Rs. 2 cr. (Not applicable for NRO/NRE deposits). However, in case the senior citizen opts to place deposits of value greater than or equal to 2 Cr, the benefit of additional interest shall not be available.
Penal interest rate charge of 1% would apply on premature withdrawal.
Premature withdrawal is not allowed on Non-Callable FDs (FDs where Premature Withdrawal is Not Allowed) for value greater than equal to 1 cr. Non-Callable FDs are allowed only for Non-Individuals.
In case of premature closure of NRE / FCNR/ RFC Term deposit the interest rate payable will as under:
  • No interest will be payable if the period the FCNR (B) deposit remains in force is less than 1 year.
  • If the deposit has remained in force for more than 1 year, interest will be calculated at the rate applicable for the period the Deposit has actually remained with the Bank less 1%.
  • Additionally, in case of pre-mature withdrawal of FCNR (B) deposits, SWAP (conversion) cost will be recovered, basis the prevailing   market rates on the date of pre-mature withdrawal, between the FCNR (B) currency and Indian Rupees
Method of calculation of interest:
  • Fixed Deposits –
  • Penal interest rate charge of 1% would apply on premature withdrawal.
  • Premature withdrawal is not allowed on Non-Callable FDs (FDs where Premature Withdrawal is Not Allowed) for value greater than equal to 1 cr. Non-Callable FDs are allowed only for Non-Individuals.
  • For Coop Banks: Please confirm rate with Treasury at funds@indusind.com.
  • Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per regulatory directives. For example, For 1 year FD, basis current rate (8%), the discounted rate is 7.95% (The formula used is =NOMINAL(EFFECT(8%,4),12), ie 8% being effective rate, 4 being nos of quarter & 12 being nos of months (payments))
  • In case of High Value Deposit (> 5 crore), the interest rate offered for the particular deposit is only valid for that day for the deposit and only for the particular tenure.
  • In the event of Premature withdrawal before the specified tenure, the offered interest rate applicable will be the Interest rate published on the website for < 2 crore (withdrawable), if the withdrawn amount is < 2 crore else the interest rate applicable would be that of 2 < 5 crore (withdrawable) as published on the Bank's website www.indusind.com on the day of booking of the deposit.
Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per regulatory directives.

 

 

Recurring Deposits

Tenure Interest Rate p.a.(%) Senior Citizen Rates p.a.(%)
12 Months 7.60 8.10
15 Months 7.60 8.10
18 Months 7.75 8.25
21 Months 7.75 8.25
24 Months 7.75 8.25
27 Months 7.75 8.25
30 Months 7.75 8.25
33 Months 7.75 8.25
3 years  - less than 5 years 7.35 7.85
5 years - 10 years 7.25 7.75
*Interest is compounded quarterly.

 

  • Tenor of RD is in multiples of quarters
  • Minimum Value of RD  is Rs 500 and thereafter in multiples of 100
Savings Bank Account Interest Rate  
Account Type Rate p.a
Domestic / Non Resident (NRO/NRE)*
a. Daily balance Upto (& including) Rs. 10 Lakhs 4.00%
b. Daily balance above Rs. 10 Lakhs & upto (& including) Rs. 1 Crore 5.00%
c. Daily balance above Rs.1 Crore 6.00%
RFC savings Rate FCNR - 1 year rate applicable#
Points to note:
  • The rates are applicable on Domestic/Non-resident (NRE/NRO) Savings Account, the interest on daily balance is calculated as below-
    - 4% for daily balances upto Rs.10 Lakhs
    - 5% for balances above Rs.10 Lakhs, please note 5% will be paid on incremental balance above Rs.10 lakhs & upto Rs.1 Crore
    - 6% for balance above Rs.1 Crore, please note 6% will be paid on incremental balance above Rs.1 Crore
  • #RFC Savings Rate is the rate applicable for 1Yr<2 Yrs on FCNR deposits and is available only in USD, GBP & Euro
  • Balances of Grouped Savings Accounts will not be added before applying rates. The grouping of balance is only from the perspective of minimum balance requirement perspective and/or balance based transaction pricing.
  • Interest Credit is shown in the E-Statement / Physical Statement / Net-Banking statement.
  • Interest is paid at every calendar quarter on 30th June, 30th September, 31st December and 31st March.
 

Marginal Cost of Funds Based Lending Rate

Rates are effective from May 22, 2019

MCLR Benchmark MCLR
Overnight 9.30%
1 month 9.35%
3 month 9.65%
6 month 9.80%
1 year 9.85%
2 year 9.90%
3 year 9.95%

 

Base Rate 10.80% p.a. with effect from 17th November 2018.
Benchmark PLR 20.60% p.a. with effect from 19th October 2015.
As on 19-6-2019
Currency Description TT Buy TT Sell Fx Card / TC Buy Fx Card / TC Sell Cash Buy Cash Sell Bills Buy Bills Sell
AED UAE DIRHAM 18.1 19.77 18.17 19.77 18.15 19.77 18.2 19.77
AUD AUSTRALIAN DOLLAR 46.66 48.94 46.1 49.5 45.88 49.72 46.44 49.16
CAD CANADIAN DOLLAR 50.81 53.14 50.25 53.7 50.03 53.92 50.59 53.36
CHF SWISS FRANC 68.12 70.87 67.55 71.44 67.32 71.67 67.89 71.1
DKK DANISH KRONES 10.07 10.78 9.97 10.88 9.93 10.92 10.03 10.82
EUR EURO 76.19 79.43 75.44 80.18 75.15 80.47 75.89 79.73
GBP POUND STERLING 85.5 89.16 84.61 90.05 84.25 90.41 85.14 89.52
HKD HONG KONG DOLLAR 8.53 9.24 8.46 9.31 8.43 9.34 8.5 9.27
JPY YEN 62.55 65.67 61.88 66.34 61.61 66.61 62.28 65.94
NOK NORWEGIAN KRONE 7.5 8.4 7.4 8.5 7.37 8.53 7.46 8.44
NZD NEW ZEALAND DOLLAR 44.22 46.56 43.8 46.98 43.63 47.15 44.05 46.73
SAR SAUDI RIYAL 17.73 19.35 17.58 19.5 17.52 19.56 17.67 19.41
SEK SWEDISH KRONA 6.8 7.79 6.72 7.87 6.69 7.9 6.77 7.82
SGD SINGAPORE DOLLAR 49.79 51.92 49.36 52.35 49.19 52.52 49.62 52.09
THB THAI BAHT 2.12 2.33 2.12 2.33 2.12 2.33 2.12 2.33
USD U.S. DOLLARS 68.38 70.68 67.81 71.25 67.59 71.47 68.15 70.91
ZAR RAND 4.49 5.08 4.41 5.16 4.37 5.2 4.46 5.11


Note: The above rates are TENTATIVE/ INDICATIVE and are not the final rates. Please contact your nearest IndusInd Bank branch for the final rates before proceeding with the transaction. The rates are subject to change without notice. IndusInd Bank Ltd does not accept any responsibility for any action taken based on the above rates.

Information on forex rates may quickly become unreliable for various reasons including, for example, changes in market conditions or economic circumstances. IndusInd Bank is not obligated to update the information contained in the forex rate list available on the Bank's website, and the service of providing forex rates may be discontinued at any time without notice.

Card Rates to be applied for all FX transactions upto USD 25,000 or equivalent in other currencies. * TC = Travel Card