Indiana Security Deposit Law (2026): Deadlines, Interest & Penalties
Wondering when your Indiana security deposit is due back? The statute — Ind. Code § 32-31-3-12 — sets the return window at 45 days from the end of your tenancy, and the landlord is not required to pay interest on the deposit. If the money doesn't arrive on time, the exposure for the landlord is full deposit + attorney fees if itemization missed. The calculator above works out your deadline, interest, and penalty figures automatically.
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Indiana Deposit Rules at a Glance
| Return deadline | 45 days after move-out Standard deadline applies. |
|---|---|
| Interest on deposit | Not required |
| Separate account required | No |
| Deposit limit | No limit |
| Penalty for violations | Full deposit + attorney fees if itemization missed Attorney fees / court costs may also be recoverable |
Indiana Security Deposit FAQ
How long does a landlord have to return a security deposit in Indiana?
In Indiana, a landlord must return the security deposit within 45 days after the tenancy ends, under Ind. Code § 32-31-3-12. Note: Standard deadline applies..
Does my landlord owe me interest on my security deposit in Indiana?
No. Indiana law does not require landlords to pay interest on residential security deposits.
What is the penalty if a landlord misses the deposit deadline in Indiana?
Full deposit + attorney fees if itemization missed. The tenant may also be able to recover attorney fees or court costs. The governing statute is Ind. Code § 32-31-3-12.
Is there a limit on how much a landlord can charge as a security deposit in Indiana?
Yes. In Indiana, the security deposit is limited to No limit.
Does an Indiana landlord have to keep my deposit in a separate account?
No. Indiana law does not require landlords to hold security deposits in a separate or escrow account.
Are there exceptions to the 45-day deposit deadline in Indiana?
Yes — the deadline can vary: Standard deadline applies.. When in doubt, check the statute itself (Ind. Code § 32-31-3-12) or ask a local tenant-rights organization.
What can I do if my landlord won't return my deposit in Indiana?
First, send a written demand letter citing Ind. Code § 32-31-3-12 — our free generator creates one with your amounts filled in. If the landlord still doesn't pay, you can usually file in small claims court, where the penalty exposure is full deposit + attorney fees if itemization missed.