If the deposit has remained in force for more than 1 year, interest will be calculated at the rate applicable for the period the Deposit has actually remained with the Bank less 0.25%. Additionally, in case of pre-mature withdrawal of FCNR (B) deposits, SWAP (conversion) cost will be recovered, basis the prevailing market rates on the date of.
- Fixed Deposit (FD) Interest rates for regular & senior citizens from top banks & non-banking finance companies in India. Invest online in best & highest FD rate 2021.
- Smaller private banks, such as DCB Bank, IndusInd Bank and YES Bank, are offering the highest interest rates on tax-saving fixed deposits (FDs) as compared to leading private and public sector banks. As per a recent data compilation, customers of DBS Bank can enjoy the highest interest rate of 6.95 per cent on tax-saving fixed deposits.
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.
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.
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 3.25% p.a. to 7.00% p.a.
9. IndusInd Bank Fixed Deposit Rates for senior citizens ranges between 3.75% to 7.50% 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 3.25% p.a. to 7.00% 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 3.75% to 7.50% 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.
Click here to open IndusInd Bank FD online.
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.
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. Click here.
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. Duo fu duo cai jackpots.
Click here to open IndusInd Bank Online FD.
Indusind Bank Fixed Deposit Rates For Senior Citizens
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.
Related post: Senior Citizen Savings Scheme (SCSS): Features, Benefits & Eligibility
Related post: Top 6 Best Safe Investment Options in India
Related
Table of Contents
- 4 IndusInd Bank Fixed Deposit Schemes
- 9 Features of IndusInd Bank Fixed Deposit
About IndusInd Bank Fixed Deposit
There is no age for saving. You can start saving as and when you feel like and with whatever amount you can spare. IndusInd Bank understands this importance of saving and has brought for people of all ages the various schemes of fixed deposit. Fixed Deposit is an idle method of saving for future. It is an investment that can be utilised in times of requirement. With this perspective the bank offers the following fixed deposit schemes:
- IndusInd Bank Tax Saver Fixed Deposit
- IndusInd Bank Senior Citizen Scheme
- IndusInd Bank Deposit Plus
IndusInd Bank Fixed Deposit Interest Rates
(w.e.f. January 2, 2020)
| Maturity Period | For Amount Less than 2 Crore | For amount of 2 crore to less than 5 crore | For amount of 1 crore to less than 5 crore (Non - Withdrawable) |
|---|---|---|---|
| (% p.a.) | (% p.a.) | (% p.a.) | |
| 7 days to 14 days | 4.00 | 4.00 | 4.00 |
| 15 days to 30 days | 4.25 | 4.25 | 4.25 |
| 31 days to 45 days | 5.00 | 5.00 | 5.00 |
| 46 days to 60 days | 5.50 | 5.50 | 5.50 |
| 61 days to 90 days | 5.50 | 5.50 | 5.50 |
| 91 days to 120 days | 5.75 | 5.75 | 5.75 |
| 121 days to 180 days | 5.75 | 5.65 | 5.75 |
| 181 days to 210 days | 6.00 | 5.90 | 6.00 |
| 211 days or below 1 years | 6.00 - 6.25 | 5.90 - 6.15 | 6.00 - 6.25 |
| 1 Years to below 1 Years 4 Months | 6.65 | 6.55 | 6.65 |
| 1 Years 4 Months to below 61 months | 6.75 | 6.65 | 6.75 |
| Above 61 Months | 6.65 | 6.65 | 6.65 |
How to Apply
You can apply from home through the bank’s online service. Login on the bank’s official website, click on Apply Now Option. Fill in your details and submit it. The bank representatives will get back to you for further KYC process. Alternately, you can visit the nearest branch and submit the Deposit Account Form.
IndusInd Bank Fixed Deposit Schemes
1. IndusInd Bank Tax Saver Fixed Deposit
To avail the tax savings benefits invest in the Tax Saver Fixed Deposit Scheme. You get tax exemption under Section 80C of Income Tax Act for an investment of amount upto ₹1,50,000 per year. The amount is locked in for the period of 5 years.
| Particulars | Details |
|---|---|
| Maximum Investment Amount | ₹ 1,50,000 |
| Tenure | 5 years |
| Nomination Facility | Available |
2. IndusInd Bank Senior Citizen Scheme
It is a special scheme launched to cater the needs of senior citizens. Any citizen who has attained the age of 60years can book the deposit with the minimum amount of ₹10,000.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹ 10,000 |
| Minimum Tenure | 7 days |
| Maximum Tenure | 10 years |
| TDS | Applicable |
| Premature Closure | Allowed |
| Nomination Facility | Available |
3. IndusInd Bank Deposit Plus
This scheme offers the dual investment benefits. The interest earned on the fixed deposit is invested in a mutual fund through Systematic Investment Plan. You get the tax advantage as the return earned from equity is tax-free if redeemed after 1 year.
| Particulars | Details |
|---|---|
| Nomination Facility | Available |
| SIP Scheme | Multiple schemes to choose from |
| Premature Withdrawal | Allowed |
| Loan/Overdraft Facility | Available |
IndusInd Bank Fixed Deposit Calculator
The Fixed Deposit Calculator helps you know the amount of interest receivable at the end of the tenure. It calculates the maturity value of the deposit that includes the principal amount and the interest amount. The maturity value is calculated on the basis of the rate of interest prevalent on the tenure you have opted for.
IndusInd Bank Fixed Deposit Application Form
The application form is to be filled to avail the facility of fixed deposit. Fill in the personal details, mark the type of plan you are opting for and the interest payout option. Fill in the maturity details as, the tenure of investment and auto-renewal of policy. In case you want to avail nomination facility fill in the details of the nominee.
Eligibility
IndusInd Bank Fixed Deposits can be opened by Individuals, HUFs, Sole Proprietorships, Partnership Firms, Ltd. Companies, Guardians on behalf of Minors, Societies, Clubs, Trusts and Associations.
Is Indusind Bank Safe For Fd
Documentation Required
| Category | Documents |
|---|---|
| An Individual, Hindu Undivided Family, Sole Proprietorship Concern | ID Proof Address Proof Age proof (For Senior Citizen Scheme) A photograph |
| Trusts | Copy of the Trust Deed Copy of the registration certificate Copy of the Resolution of The Trustees Authorising the members concerned to open and operate the account Photographs of the members operating the account |
| Associations / Clubs | By-laws of the Association Copy of the Resolution by the board authorising the members concerned to open and operate the account Photographs of the members operating the account |
| Partnership Firm | Partnership Deed Letter from partners approving the persons concerned to open and operate the account Photographs of the persons operating the account |
State Bank Of India Fixed Deposit Rates
Features of IndusInd Bank Fixed Deposit
Indusind Bank Fixed Deposit Rates Nri
- Choice of various Fixed Deposit Plan
- Variable tenure range
- Interest payable as per customer’s requirement
- Interest is automatically credited to the Savings/Current account
- Partial withdrawal permitted
- Auto renewal facility
- Nomination facility available
- Special rates for senior citizens