What is the interest rate of RD in IndusInd Bank?

What is the interest rate of RD in IndusInd Bank?

Recurring Deposit Interest Rates offered by IndusInd Bank

Deposit Tenure Interest rate for General Citizens (p.a.) Interest rate for Senior citizens (p.a.)
30 months 7.25 7.75
33 months 7.25 7.75
3 years and above but less than 5 years 7.15 7.65
5 years and above 7.05 7.55

Can I get monthly interest on FD in IndusInd Bank?

Interest on IndusInd Bank FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of IndusInd Bank FD.

Which bank is best for RD 2020?

Best Recurring Deposit Interest Rates 2020

Bank Rate of Interest* Deposit Tenure (for deposits up to Rs. 2 crore)
HDFC Bank 6.45% 12 months
Axis Bank 6.60% 1 year < 1 year 5 days
State Bank of India 6.40% 1 year to less than 2 years
Canara Bank 6.50% 1 year

Is fixed deposit safe in IndusInd Bank?

Your deposits with IndusInd Bank are insured for up to Rs 5 Lakhs by the DICGC (Deposit Insurance and Credit Guarantee Corporation of India, a wholly owned subsidiary of the Reserve Bank of India). Terms & Conditions as defined by DICGC apply.

How many years FD will double in IndusInd Bank?

Assume the FD interest rate is 6.95%. Simply divide the number 72 by the interest rate to apply the rule. As a result, 72/6.95 = 10.36. So it will take little more than 14 years for one’s investment in IndusInd Bank to be doubled.

What are the features of IndusInd Bank car loan?

The main features of the IndusInd Car Loan are mentioned below: The online application process is simple. The loan is processed fast. The loan amount is disbursed quickly. Car loans are provided for a wide range of vehicles. Attractive interest rates are provided. The repayment tenure may be up to 60 months.

How does IndusInd Bank FD interest calculator work?

Indusind Bank FD Interest Calculator is an online financial tool that allows you to calculate the maturity value of your fixed deposit at the interest rate offered by bank. The amount of FD, interest rate, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

Which is the minimum amount for fixed deposit in IndusInd Bank?

The new customers can book fixed deposit for amount ranging from 10,000 to Rs. 90,000 only. The minimum tenure for book a fixed deposit is 6 months and the maximum tenure is 10 years. Do I need to be an IndusInd Bank account holder to open Fixed Deposit?

What is the current interest rate on SBI deposits?

The latest FD rates on SBI deposits is effective from 10th January 2020. The bank has cut the FD rates by 15 bps on long-term deposits maturing in 1 year to 10 years. Now FD interest rate for 7 to 45 days is 4.50%, for 46 to 179 days is 5.50%, for 180 days to 1 year is 5.80% and for 1 year to 10 years is 6.10%.