Home / Business and Economy / IndusInd Bank Offers Unbeatable 7% Rate on 1-Year FDs
IndusInd Bank Offers Unbeatable 7% Rate on 1-Year FDs
5 Aug
Summary
- IndusInd Bank offers 7% rate on 1-year fixed deposits
- Other major banks offer 6.60% to 6.45% for similar terms
- Deposits insured up to ₹5 lakh per account holder
According to the latest data as of August 5, 2025, IndusInd Bank is offering the most attractive 1-year fixed deposit (FD) rate among private banks at 7%. This means that a ₹1 lakh deposit with IndusInd Bank would grow to ₹1.07 lakh after a year.
In comparison, other well-known private banks like Axis Bank, HDFC Bank, and Kotak Mahindra Bank are providing a slightly lower rate of 6.60% for a similar 1-year FD term. This would result in a ₹1.07 lakh maturity value on a ₹1 lakh deposit.
ICICI Bank, another major private lender, currently offers a 6.25% rate on 1-year FDs, translating to a ₹1.06 lakh maturity amount. Meanwhile, India's largest public sector bank, State Bank of India (SBI), is giving 6.45% on 1-year FDs, which would grow a ₹1 lakh deposit to ₹1.06 lakh.
It's worth noting that the safety of fixed deposits is backed by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a part of the Reserve Bank of India. This ensures deposits up to ₹5 lakh per account holder, per bank, providing a layer of protection for investors.
