IndusInd Bank RD Interest Rates 2026
Save a fixed amount every month with a IndusInd Bank recurring deposit. RD rates go up to 7.00% for regular customers and 7.50% for senior citizens, with instalments from ₹1,000. Private-sector bank headquartered in Mumbai.
Rates effective Mar 2026 · Checked 30 September 2026IndusInd Bank recurring deposit at a glance
Have a lump sum instead? IndusInd Bank FD rates go up to 7.00% →
IndusInd Bank RD interest rates
| Tenure | General (p.a.) | Senior citizen (p.a.) |
|---|---|---|
| 12 months | 6.75% | 7.25% |
| 15 months | 6.75% | 7.25% |
| 18 months | 7.00% | 7.50% |
| 21 months | 6.90% | 7.40% |
| 24 months | 6.90% | 7.40% |
| 27 months | 6.90% | 7.40% |
| 30 months | 6.90% | 7.40% |
| 33 months | 6.90% | 7.40% |
| 36 months | 6.90% | 7.40% |
| Above 36 – 61 months | 6.65% | 7.15% |
| Above 61 months – 120 months | 6.50% | 7.00% |
Source: www.policybazaar.com. Confirm with the bank before opening.
What your monthly savings will become
| Tenure | Rate (general / senior) | ₹2,000 / month | ₹5,000 / month | ₹10,000 / month |
|---|---|---|---|---|
| 1 year | 6.75% / 7.25% | ₹24,891 | ₹62,227 | ₹1,24,454 |
| 2 years | 6.90% / 7.40% | ₹51,586 | ₹1,28,964 | ₹2,57,928 |
| 3 years | 6.90% / 7.40% | ₹80,149 | ₹2,00,372 | ₹4,00,745 |
| 5 years | 6.65% / 7.15% | ₹1,42,544 | ₹3,56,359 | ₹7,12,719 |
General rate, quarterly compounding, before tax. “—” = no published slab for that exact tenure.
IndusInd Bank RD calculator
Rules & charges
| Feature | Details |
|---|---|
| Minimum instalment | ₹1,000 |
| Tenure | 12 months to 120 months (multiples of 3 months) |
| Missed / late instalment | Nominal penalty on late/defaulted instalments (amount not stated) |
| Premature closure | Allowed; interest recalculated for actual tenure, less penalty |
| Loan against RD | Usually available up to 80%–90% of the balance |
| Nomination | Up to 4 nominees (from 1 Nov 2025) |
| Deposit insurance | DICGC up to ₹5 lakh per depositor (with other deposits at IndusInd Bank) |
Tax on IndusInd Bank RD
| Point | Rule |
|---|---|
| Taxability | Interest taxed at slab rate every year |
| TDS | 10% once FD + RD interest from IndusInd Bank exceeds ₹50,000 a year (₹1 lakh for 60+); 20% without PAN |
| Avoid TDS | Submit Form 121 (earlier 15G/15H) if your tax is nil |
| Deduction | No 80C; seniors can claim up to ₹50,000 under 80TTB (old regime) |
How to open a IndusInd Bank RD
- OnlineNet banking or mobile app → Deposits → Open Recurring Deposit. Choose instalment, tenure, debit date and nominee.
- BranchFill the RD form with KYC and give a standing instruction from your savings account.
- Set auto-debitSchedule the debit a day after salary credit to avoid missed instalments.
Documents
- PAN or Form 60
- Aadhaar / other address proof
- Age proof for senior citizen rate
Compare IndusInd Bank with other banks
| Bank | Highest | 1 year | 5 years | Min. instalment |
|---|---|---|---|---|
| Bandhan Bank | 7.25% | 7.00% | 5.85% | Rs 100/month, multiples of Rs 1 |
| YES Bank | 7.00% | 6.65% | 6.75% | Rs 1,000/month |
| IndusInd Bank | 7.00% | 6.75% | 6.65% | ₹1,000 |
| Tamilnad Mercantile Bank | 7.00% | 6.80% | 6.70% | — |
| Dhanlaxmi Bank | 7.00% | 6.25% | 6.50% | Rs 1,000/month, multiples of Rs 500 |
| Saraswat Co-operative Bank | 7.00% | 6.60% | 7.00% | ₹500 |
| South Indian Bank | 6.80% | 6.25% | 5.70% | ₹100 |
| Federal Bank | 6.75% | 6.25% | 6.40% | Rs 50/month, multiples of Rs 10 |
Frequently asked questions
What is the highest RD interest rate at IndusInd Bank?
IndusInd Bank pays up to 7.00% on RDs (18 months) and up to 7.50% to senior citizens (rates effective Mar 2026).
How much will ₹5,000 a month grow to in a IndusInd Bank RD?
In 5 years at 6.65%, ₹3 lakh of instalments grow to about ₹3,56,359.
What is the minimum RD instalment at IndusInd Bank?
The minimum monthly instalment is ₹1,000. Tenure: 12 months to 120 months (multiples of 3 months).
What if I miss an instalment?
IndusInd Bank: Nominal penalty on late/defaulted instalments (amount not stated).
Can I close a IndusInd Bank RD early?
IndusInd Bank: Allowed; interest recalculated for actual tenure, less penalty.
Is RD interest taxable?
Yes, at your slab rate. TDS of 10% applies when your total FD + RD interest from IndusInd Bank exceeds ₹50,000 in a year (₹1 lakh for seniors).
Is my RD safe with IndusInd Bank?
RDs are insured by DICGC up to ₹5 lakh per depositor per bank, including interest.
Rates compiled from the bank’s published RD / term-deposit rates for comparison only. FinancePortal is not affiliated with IndusInd Bank. Confirm current rates with the bank.