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IndusInd Bank Fixed Deposit Scheme

For most traditional investors, fixed deposits are a priority because they have proved to be one of the safest investment options with minimal or no risk. For ages, an FD has been an ideal choice of investors and often new investors are also suggested to begin with FDs. Among various banks that offer this scheme, IndusInd Bank fixed deposit stands among the top because of the high-interest rates and several other benefits offered by the bank.

Let’s understand more about IndusInd Bank fixed deposits

Benefits of IndusInd Bank Fixed Deposit Account

There are several benefits attached to the IndusInd Bank fixed deposit account that every investor enjoys. Let’s have a look at them:

1. Instant booking

With 3 simple steps, you are all set to open your fixed deposit account and enjoy all the facilities as our customer. So, this is a hassle-free process that consumes the least time and energy. The steps are:

  1. Visit the website of IndusInd Bank
  2. By choosing your fixed deposit type, authenticate yourself
  3. Fill the application form and pay the amount. Woo-hoo! Your IndusInd Bank fixed deposit account has been opened.

 

2. Attractive interest rates

IndusInd Bank fixed deposit interest rates are quite attractive, secure, and worth your investment. They offer high-interest rates for both general and senior citizens. Starting from 2.5% it goes as high as 6.50% interest rates which are quite high. 

3. Multiple interest payout options

You are the one who will decide how to receive your interests. If you want a regular income, you can choose for monthly or quarterly interest payout. Apart from this, you also have the option of half-yearly, yearly, or at the time of maturity along with the principal amount.

4. Auto-renewal

You can choose the option to automatically renew your fixed deposit for another same period of time with the same interest rates.

5. Tax-saver choice

IndusInd Bank offers you a tax-saving fixed deposit choice. The bank provides you tax-saving interest rates up to 5 years of fixed deposit. 

6. Video KYC feature

IndusInd Bank cares for the comfort of its customers. So, the bank offers you a video KYC option after which you become eligible to open an FD account of your preferred amount. 

IndusInd bank fixed deposit interest rates 

The table given below shows the rate of interest for regular a well as senior citizens for less than INR 2 crore: 

Maturity Period Regular Citizens  Senior Citizens
7 days to 14 days 2.5% 3.0%
15 days to 30 days 2.75% 3.25%
46 days to 60 days  3.25% 3.75%
181 days to 210 days 4.60% 5.10%
270 days to 354 days  5.50% 6.0 %
355 days to 364 days  5.50% 6.0 %
1 year to below 1 year and 6 months 6.0% 6. 50%
1 year 7 months to below 2 years  6.0 % 6.50 %
2 years 9 months up to 3 years  6.0 % 6.50 %
61 months and above  5.50% 6.0 %

Who is eligible to open an IndusInd Bank fixed deposit account? 

The following people are eligible to open their IndusInd Bank fixed deposit account:

  • Individuals
  • HUFs
  • Sole proprietorships
  • Limited companies
  • Partnership firms
  • Guardians on behalf of minors
  • Clubs
  • Societies
  • Associations
  • Trusts

 

IndusInd Bank fixed deposit – Calculator

In case you want to know about the maturity amount of your IndusInd Bank fixed deposit, the easiest way to do so is through the IndusInd Bank fixed deposit calculator. You just need to enter the amount and the tenure and click on the calculate button. The calculator gives you a quick insight into the interest rates and the maturity amount you will be eligible to receive after a fixed period of time.

Things to keep in mind when opening an IndusInd Bank fixed deposit account

  • Choose the tenure carefully keeping in mind your future requirements, avoid making an FD that you may have to break before its maturity
  • Select the right interest payout option- monthly, quarterly, half-yearly, yearly or at the time of maturity
  • In case of auto-renewal, you need to intimate to the bank what you wish to do when the FD matures. You can:
    • Invest the entire amount again
    • You can receive the interest in your savings account and invest only the principal again
    • You can take the entire amount and not reinvest

 

Conclusion

When you invest in a fixed deposit you can rest assured of the return. As it is a safe and secure way to park a lump sum of your hard-earned money, there is no need to be anxious about your future investment.  Your life’s milestones and the maturity of your fixed deposit can happen in perfect sync. With IndusInd Bank fixed deposit, you have strong financial support and a reliable regular income to fulfill your dreams.

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