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. 11th August, 2017)

Maturity PeriodFor Amount Less than 15 lakhsFor amount of 15 lakhs to less than 1 croreFor amount of 1 crore to less than 5 crore (Non - Withdrawable)
(% p.a.)(% p.a.)(% p.a.)
7 days to 14 days3.504.004.25
15 days to 30 days4.004.254.50
31 days to 45 days5.005.005.00
46 days to 60 days5.505.505.50
61 days to 90 days5.755.755.75
91 days to 120 days6.006.006.00
121 days to 180 days6.256.256.15
181 days to 210 days6.506.406.25
211 days or below 1 years6.506.506.40
1 Years to below 1 Years 2 Months6.856.856.50
1 Years 2 Months to below 2 Years6.756.756.50
2 years to below 2 years 6 Months6.756.756.50
2 years 6 Months to 61 month and above6.506.506.40

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.

ParticularsDetails
Maximum Investment Amount₹ 1,50,000
Tenure5 years
Nomination FacilityAvailable

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.

ParticularsDetails
Minimum Investment Amount₹ 10,000
Minimum Tenure7 days
Maximum Tenure10 years
TDSApplicable
Premature ClosureAllowed
Nomination FacilityAvailable

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.

ParticularsDetails
Nomination FacilityAvailable
SIP SchemeMultiple schemes to choose from
Premature WithdrawalAllowed
Loan/Overdraft FacilityAvailable

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.

Documentation Required

CategoryDocuments
An Individual, Hindu Undivided Family, Sole Proprietorship ConcernID Proof
Address Proof
Age proof (For Senior Citizen Scheme)
A photograph
TrustsCopy 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 / ClubsBy-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 FirmPartnership Deed
Letter from partners approving the persons concerned to open and operate the account
Photographs of the persons operating the account

Features of IndusInd Bank Fixed Deposit

  • 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

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