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Features & Benefits

Indusind Bank introduces the Senior Citizen Scheme that offers higher interest rates on deposits for people who have completed 60 years of age. This type of deposit account is most suitable for senior citizens who have completed 60 years of age.

Features: Special rate is applicable to senior citizen those who have completed 60 years of age. In case of joint deposits, the first name should be of the Senior citizen. Deposits under senior citizen should not be used as security for commercial purposes.

Minimum Deposit amount: INR.25,000/-

Interest Rate: + 0.50% than the actual rate for the general public

TDS in Interest: Applicable

Deposit Tenor: 7 days to 120 months

Nomination facility: Available

Premature Closure: Allowed

How to Apply

You can open a Senior Citizen Scheme 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 age and residence
  • Introduction letter by any IndusInd Bank existing customer
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