IndusInd Bank FD Interest Rates

The detailed description of these fixed deposit schemes is as follows:

1. IndusInd Bank Regular FD Scheme

• Provides a nomination facility.
• The customers get the flexible tenure option that ranges from seven days to 10 years.
• The interests are payable monthly, half-yearly, quarterly, and yearly or at the maturity of the fixed deposit.
• The facility of premature and partial withdrawal is offered.
• This fixed deposit scheme comes with the facility of auto-renewal.

2. IndusInd Bank Sweep in / out Scheme

• The minimum amount to be deposited is according to the current/savings account of the account holder.
• This scheme enables the account holders to book a fixed deposit account for a certain tenure and liquidate this tenure for the needed amount in their current or savings account at no cost whenever the need arises.
• The tenure of the deposit ranges from 30 days to 24 months.
• This scheme allows premature closure of the FD account.
• The interest is paid as per the IndusInd Bank FD rates.

3. Indus Tax Saver Scheme

• The tenure of the deposit is fixed for five years.
• The minimum deposit amount is Rs.100, whereas the maximum deposit amount is Rs.1.5 lakhs.
• The deposits under this scheme are qualified for tax exemption u/s 80C of the IT Act.
• Premature or partial withdrawal is not permitted.

1. Long-Term Deposits

The tenure of these fixed deposits ranges from 5 years to 10 years, and the IndusInd Bank FD rates offered are 6.25%.

2. Medium-Term Deposits

The tenure of medium-term fixed deposits ranges from 1 year to less than 5 years. The IndusInd Bank FD rate for such deposits is 6.75%.

3. Short-Term Deposits

IndusInd Bank's short-term fixed deposits range from 7 days to 12 months. The bank's FD rates range from 3.50% per annum to 5.50% per annum. The reason for calling them short-term fixed deposits is their tenure of less than one year.

• Competitive IndusInd Bank FD rates
• Flexible payable interest (quarterly, monthly, half-yearly, or annually at maturity)
• The facility of nomination and auto-renewal facility
• Partial withdrawals
• Special IndusInd Bank FD rates for senior citizens
• The convenient booking process through phone banking or Indusnet
• Tax saver fixed deposits up to Rs.1,50,000.

• The amount that is invested
• The Rate of Interest offered
• The tenure of the Fixed Deposit Account
• The compounding period, that is, yearly, half-yearly, quarterly, or monthly
• The FD Amount

Once entered the following details, an investor will come to know:

• The maturity value of the FD
• The total interest earned during the complete tenure

• Partnership firms
• Sole proprietorship firms
• Trust accounts
• Limited companies

• PAN Card
• Passport
• Voter ID card
• Driving License
• Proofs of Partnership: Partnership deed, ID Proofs, and Signatures of authorized signatories incorporating certificate.
• Hindu Undivided Family: PAN Card – Self-attested, HUF declaration, and Statement of Bank

The following steps need to be followed to invest via internet banking:

• Login to the IndusInd account
• Click on the "Open Fixed Deposit" option under the "transaction" tab.
• Fill in the needful details like the policy's tenure and the amount willing to be invested.
• Provide nominee details.
• Confirm all the details before proceeding further.
• A receipt will be generated that can be downloaded instantly.

2. IndusInd Mobile Application

The following steps need to be followed to open an FD account via the mobile application of IndusInd:

• Download the bank's application on your mobile (it can be either ios or android).
• After creating credentials, one can sign in to the application.
• Head to the main menu and select the deposit option after signing in.
• Under the "Deposits" option, choose the "Open Fixed Deposit" tab.
• Fill in all the required details and upload the required documents.
• A receipt will be generated after successfully providing all the details, which can be downloaded immediately.

3. An IndusInd FD Account Offline

In the offline method of opening a Fixed Deposit Account, the investor must visit the nearest IndusInd bank branch and fill out forms to open their respective FD account. All the relevant documents must be submitted to the branch manager along with the deposit amount. After successfully verifying all the provided documents, the branch manager provides a receipt that is the account opening proof for the investor.