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Features & Benefits

IndusInd Bank guarantees higher return on your recurring deposit along with the flexibility of varying monthly instalments. This type of deposit account is most suitable for businessmen and self-employed people.

Features: Recurring Deposits are treated as unit of INR 100/-

Opening Balance: INR.1000/-

Interest Rate: As applicable for term deposits including the benefits of senior citizens

TDS in Interest: No TDS as per current regulations

Deposit Tenor: 12 months to 120 months

Nomination facility: Available

Premature Closure: Allowed

How to Apply

You can open an Flexi Recurring Deposit online. Click on the Apply Now button on this page, fill in your details and submit it. We will get back to you for further KYC process. Alternately, you can visit a branch and submit the Deposit Account form.

Documentation

  • Application form
  • Passport size photograph
  • Proof of residence
  • Introduction letter by any IndusInd Bank existing customer
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  • SAVINGS RATES

  • Daily balance upto 1 lac 4.5 %
  • Daily balance above 1 lac 6 %
  • DEPOSIT RATES

  • 1 year to 1 year 2 months 9.1 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1 lac) 8.75 %
Mutual Fund
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Suvarna Mudra
Suvarna Mudra

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