Watch your money fetch you higher returns
Savings Bank Account Interest Rate w.e.f 21st August 2024
Account Balance Slabs Revised Rate Rate Type
Upto 1 Lakhs 3.00% Flat
Above 1 Lakhs Upto 5 Lakhs 5.00% Incremental
Above 5 Lakhs Upto 10 Lakhs 6.00% Incremental
Above 10 lakhs Upto 5 Crs 6.75% Incremental
Above 5 Crs Upto 100 Crs 6.75%** Flat
Please note: ** Flat Rate applicable on entire balance
Ø Tiered rate basis incremental balance is applicable Upto 5 Crs, above 5 Crs Flat rates apply on entire balances.
Ø For Rates on Balance above 100Crs refer the Rate section on Intranet.
Indus Global Savings Account Interest Rate (GIFT CITY) w.e.f. 6TH Sep 2024
Rate p.a
Indus Global Savings Account USD
w.e.f 20th December 2023
<=1 Mio 5.00%
>1 Mio <= 5 Mio 6.25%
>5 Mio <= 10 Mio 6.25%
>10 Mio <= 50 Mio 6.25%
> 50 Mio<= 150 Mio 6.25%
> 150 Mio 2.50%
NRE Fixed Deposit Interest Rates w.e.f. 7th Oct 2024
3crs < 5Crs
NRE Deposit Rate 1 Cr < 5 Crs
< 3 Cr* (Premature NRE Deposit Rate
NRE Deposit Withdrawal (Premature
Tenure Rate Withdrawal Not
Allowed)
Allowed ***)
Rate Rate Rate
1 Year to below 1 Year 3 Months 7.75 7.65 7.75
1 Year 3 Months (15 months)to below 1 year 4 months(16 months) 7.75 7.65 7.75
1 Year 4 Months to below 1 year 6 months 7.75 7.65 7.75
1 year 6 months up to 2 years 7.75 7.65 7.75
Above 2 years to below 2 years 6 Months 7.25 7.20 7.30
2 years 6 Months to below 2 years 7 months 7.25 7.20 7.30
2 years 7 Months to 3 years 3 months 7.25 7.20 7.30
Above 3 years 3 month to below 61 month 7.25 7.10 7.20
61 month and above 7.00 7.00 7.10
Please Note: NRE deposit rates are applicable only for Tenure 1 year onwards.
Interest Rates on FCNR (B) Deposits w.e.f 25th Nov 2024
USD
Period < 1 Mio 1 Mio < 10 10 Mio < 25 Mio & GBP EUR JPY CAD AUD
Mio 25 Mio above
1yr < 2 yrs 6.00 6.15 6.15 6.15 5.65 4.00 - 4.55 5.30
2 yrs< 3 yrs 4.80 4.80 4.80 4.80 5.00 3.20 2.50 3.90 4.60
3 yrs< 4yrs 4.75 4.75 4.75 4.75 4.85 3.20 - 3.90 4.50
4 yrs< 5 yrs 4.75 4.75 4.75 4.75 4.80 3.20 - 3.90 4.50
5 yrs 4.75 4.75 4.75 4.75 4.80 3.20 2.90 3.90 4.50
Please Note: In case of pre-mature withdrawal of FCNR (B)/ NRE deposits,
• No interest will be payable if the period the FCNR (B)/ NRE deposits 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 0.25%. 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 0.25%.
• 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.
• ** Rates are subject to revision. https://www.indusind.com/in/en/personal/rates.html#termdeposit-tab For more
details
Rupee Multiplier ( INR JPY INR) rates w.e.f 1stJan 2024.
Tenor Amount
Yield P.A.
(Years) (INR - JPY – INR)
< 1 Cr 8.50
2
1 Cr & Above 8.55
< 1 Cr 9.50
5
1 Cr & Above 9.60
Dollar Multiplier ( USD JPY USD) rates: w.e.f 16th feb 2024
Tenor Amount
Yield P.A.
(Years) ( USD – JPY – USD)
< 1 Cr 5.35
2
1 Cr & Above 5.40
< 1 Cr 5.30
5
1 Cr & Above 5.40
How does Rupee / Dollar Multiplier Works?
• Minimum ticket size for the product is INR/USD 25 Lakhs INR equivalent.
• INR/USD Funds are converted to JPY to book an FCNR Deposit for 2/5years.
• Maturity Proceeds are being converted back to INR/USD at a pre-decided rate at the time of booking the
forward contract.
• Said arrangement allows you to earn a higher effective yield vis-a vis a standalone NRE Deposit.
