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.10,000/-
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
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.
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