IndusInd Bank Revises Fixed Deposit Interest Rates. Check Out The New Rates Here

The interest rate fluctuation has been common in the past few weeks as the central bank or RBI keeps hiking the repo rate. IndusInd Bank is one of the leading private sector banks in India. Recently, the bank has revised interest rates on fixed deposits; the revised rates will be effective from 23rd September 2022.

The bank has revised interest rates on non-callable deposits of Rs. 1 crore to less than Rs. 5 crore. As per the official website of IndusInd bank, individuals cannot prematurely withdraw non-callable deposits. As mentioned on the official website of IndusInd Bank, "Premature withdrawal is not allowed on Non-Callable FDs (FDs where Premature Withdrawal is Not Allowed) for a value greater than equal to 1 cr. Non-Callable FDs are allowed only for Non-Individuals."

Here is a list of revised interest rates on non-callable fixed deposits of Rs. 1 crore to less than Rs. 5 crore for non-individuals.

Tenors	Interest rates (in %)
7 Days to 14 Days -	4.00
15 Days to 30 Days	4.10
31 Days to 45 Days	4.35
46 Days to 60 Days	4.45
61 Days to 90 days	4.65
91 days to 120 days	5.15
121 days to 180 days	5.25
181 days to 210 days	5.40
211 days to 269 days	5.55
270 days to 354 days	5.90
355 days to 364 days	6.15
1 year to below 1 year 6 months	6.40
1 year 6 months to below 61 months	7.00
61 month and above	6.65