IndusInd Bank Fixed Deposit (FD): Invest in your Best Interest

IndusInd is one of the leading private sector banks in India. The bank provides a wide range of term deposit schemes for regular individuals as well as senior citizens. In this post, I am going to tell you about IndusInd Bank Fixed Deposit scheme.

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IndusInd Bank Fixed Deposit (FD)

An IndusInd Fixed Deposit is a guaranteed-return investment. The interest rates are competitive so that your money can work for you. There are various types of term deposit schemes provided by IndusInd.

The bank provides both short term fixed deposits and long term fixed deposits. Each term deposit scheme is designed keeping in mind the different needs of customers.

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Features of IndusInd Fixed Deposit

1. You can open FD account with an amount as low as Rs.10000.

2. The flexible tenure ranges between 7 days to 120 months.

3. Multiple FD schemes.

4. Flexible interest payable (monthly, quarterly, half-yearly, annually, or at maturity).

5. Partial withdrawals are allowed.

6. Auto-renewal and nomination facilities are available.

7. Convenient deposit booking through Indusnet or phone banking.

8. IndusInd Bank FD Interest Rate ranges between 2.5% p.a. to 6% p.a.

9. IndusInd Bank Fixed Deposit Rates for senior citizens ranges between 3% to 6.5% p.a.

10. You can open IndusInd Fixed Deposit online in a matter of minutes, wherever you are.

11. Open an account online by pulling funds from other bank accounts.

Safety of your Money

The deposit is insured by the DICGC of RBI for up to Rs.5 lakhs.

Eligibility Criteria

The account can be opened by individuals, HUFs, sole proprietorships, limited companies, partnership firms, societies, clubs, trusts, associations, and guardians on behalf of minors.

Documents required

If you are eligible, you need some basic documents and your application to get processed in no time. The eligibility documents include:

1. Identity proof such as PAN Card, Aadhaar card, driving license, passport, government ID, or senior citizen.

2. Address proof such as passport, electricity bill, telephone bill, bank statement with the cheque.

IndusInd FD Rates

IndusInd Bank FD Rates today ranges between 2.5% p.a. to 6% p.a. Senior citizens will get an additional interest rate of 0.50%. This is over and above the card rates is applicable for Term Deposits for value below Rs.2 Crore. So, interest rates for senior citizens ranges between 3% to 6.5% p.a.

IndusInd Bank FD Interest Rates Today. Click here for IndusInd Bank rate of interest for FD.

IndusInd Bank FD Calculator

Find out IndusInd FD Calculator by clicking here.

How to open IndusInd Fixed Deposit?

Before you apply, do check your eligibility and have the essential documents at hand.

Existing Customers

Follow the below steps to apply for an account if you are an existing customer:

Internet Banking

1. First of all, login to IndusInd Net Banking using your internet banking ID and password.

2. Next, choose the deposit option.

3. Click on the “Create Fixed Deposit” option, fill out the form precisely.

4. On successful submission, the amount is transferred from your savings account.

5. The details are sent to your registered email Id instantly if you have registered for an e-statement. If not, a physical copy will be sent to your registered address.

Mobile Banking

1. Select the deposit option on your mobile banking account.

2. Next, click on the “Open FD” option and fill your details.

3. Select the amount you wish to add to your FD from your savings account.

4. The details sent to your registered email Id if you have registered for an e-statement. If not, a physical copy sent to your registered address.

Bank Branch

Visit any of our bank branches near you, along with relevant documents. The bank representatives will guide you through a simple application process.

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New Customers

To open an FD account, you do not need a savings account with IndusInd. Just follow the below-mentioned steps to apply for an account if you are a new customer:

1. Visit the IndusInd Bank official website.

2. Fill out the online application form and submit it.

3. The bank representative will then get in touch with you to pick up the required KYC documents.

4. On the successful submission of the documents, your FD account will be opened.

5. The minimum FD amount for new customers is Rs.25000. If you register with an email ID, an e-statement mailed to you each month.

Bank Branch

Alternatively, new customers can also visit any IndusInd branches. Also carry relevant documents with you. The bank representatives will guide you through a simple application process.

Final Thoughts

An IndusInd Bank Fixed Deposit is a guaranteed-return investment. The interest rates are competitive to give your savings a smart push. There are various types of term deposit schemes provided by the bank. So choose a scheme that is best suitable for you and enjoy great returns.

Note: This post was originally published on September 29, 2020 and has been completely updated for accuracy and comprehensiveness.