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Secure Your Money by Opening a Fixed Deposit with IndusInd Bank
Posted on Wednesday, February 2nd, 2022 | By IndusInd Bank
We live in uncertain times indeed, especially from a financial viewpoint. Now more than ever, you need to invest a part of your income in a stable investment instrument that acts as a safety net. IndusInd Bank’s fixed deposit is a reliable financial instrument that will offer you safe and steady returns. Besides helping you retire comfortably, this investment option can be used for medical emergencies, your child’s higher education or even their wedding. This guide will let you know all about IndusInd Bank’s high-yield fixed deposit.
Features and benefits
Customisable
With a minimum amount of Rs. 10,000, you can open an FD account with the IndusInd Bank. The upper limit on your investment is Rs. 10 lakhs. For new customers, the upper limit is Rs. 90,000. You are free to choose the tenure for which you want to stay invested, starting with just 3 months up to 10 years. To calculate your returns at the time of maturity, simply use the online FD interest calculator.
Guaranteed returns
As the rate of interest is fixed, you can earn assured returns regardless of the market conditions. Your investment will be secure, offering steady returns right till the time of maturity.
Attractive interest rate
With IndusInd Bank, you get an attractive fixed deposit interest rate. The interest on your FD is compounded on a quarterly basis. But you get different auto-renewal options – monthly, quarterly, half-yearly, yearly, or at maturity.
Hassle-free instant booking
Booking an FD account with IndusInd Bank is easy and can be done online in three steps. All you need is your PAN and Aadhaar details.
Tax-saving
Your FD account can even help you claim a tax rebate under Section 80C of the Income Tax Act if you invest for a period of 5 years.
IndusInd Bank fixed deposit eligibility criteria
The following can open an FD account with the IndusInd Bank:
- Individuals
- Sole proprietorships
- Partnership firms
- HUFs
- Limited companies
- Clubs
- Trusts
- Guardians on behalf of minors
- Associations
- Societies
Additionally, the entity opening the fixed deposit must hold Indian citizenship, should be more than 18 years of age, and must possess all valid KYC documents such as PAN and Aadhaar card.
Is an online FD safe?
Your online fixed deposit account with IndusInd Bank will be as safe as the one you open by visiting the nearest branch. Moreover, up to Rs. 5 lakhs of your online FD account is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) of India, a subsidiary wholly-owned by the RBI.
How will you receive your interest and maturity amount?
The interest accrued on your IndusInd Bank FD, along with the maturity amount, will be directly credited to your IndusInd savings account if you are an existing customer. If not, the amount will be transferred to your bank account via a demand draft issued in your name.
How to book an account instantly?
If you are not a customer of the IndusInd Bank, you can open an online FD account by following these steps –
Step 1 – Visit www.IndusInd.com and fill in the application form.
Step 2 – Choose the suitable fixed deposit type and complete a full video KYC.
Step 3 – Transfer funds to your FD account.
Once done, your FD account will be activated, and you will receive a copy of the deposit details.
If you already are an existing customer, you can instantly book an online FD account via Indus Mobile or Indus Net.
In summation
A safe investment option, IndusInd Bank enables you to earn a stable return on your investment without worrying about the market fluctuations. With such amazing benefits, don’t miss out on the opportunity to secure your financial future in a non-risky way. In case you need to know more about our fixed deposit features, visit our website.
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
