Maturity: ₹1,24,05,470 at 7.25% p.a. Interest earned: ₹24,05,470. Senior citizen maturity: ₹1,25,89,479.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
A ₹1 Crore Fixed Deposit in IndusInd Bank for 3 Years at 7.25% p.a. (quarterly compounding) will mature to ₹1,24,05,470. You earn ₹24,05,470 as interest, giving a total return of 24.1% on your investment.
At 7.25% p.a. (quarterly compounding), ₹1 Crore FD in IndusInd Bank for 3 Years matures to ₹1,24,05,470. Interest earned: ₹24,05,470. Senior citizen maturity: ₹1,25,89,479 at 7.75%.
IndusInd Bank offers 7.25% p.a. for general citizens and 7.75% p.a. for senior citizens on 3 Years Fixed Deposit. The rate applies regardless of the deposit amount.
For ₹1 Crore at 7.25% for 3 Years, you would earn approximately ₹24,05,470 as interest, making total maturity ₹1,24,05,470. Senior citizens earn ₹25,89,479 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.