Maturity: ₹1,07,44,950 at 7.25% p.a. Interest earned: ₹7,44,950. Senior citizen maturity: ₹1,07,97,816.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
A ₹1 Crore Fixed Deposit in IndusInd Bank for 1 Year at 7.25% p.a. (quarterly compounding) will mature to ₹1,07,44,950. You earn ₹7,44,950 as interest, giving a total return of 7.4% on your investment.
At 7.25% p.a. (quarterly compounding), ₹1 Crore FD in IndusInd Bank for 1 Year matures to ₹1,07,44,950. Interest earned: ₹7,44,950. Senior citizen maturity: ₹1,07,97,816 at 7.75%.
IndusInd Bank offers 7.25% p.a. for general citizens and 7.75% p.a. for senior citizens on 1 Year Fixed Deposit. The rate applies regardless of the deposit amount.
For ₹1 Crore at 7.25% for 1 Year, you would earn approximately ₹7,44,950 as interest, making total maturity ₹1,07,44,950. Senior citizens earn ₹7,97,816 at 7.75%.
Yes, premature withdrawal is allowed. IndusInd Bank's policy: 1% penalty on applicable rate. You will receive a reduced interest rate on early withdrawal.
Compare with other banks on this page to find the best rates. Bank FDs offer DICGC insurance up to \u20B95 Lakh. Consider both rate and safety.