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6 Features That Make IndusInd Bank FDs An Ideal Investment Choice
Posted on Tuesday, February 6th, 2024 | By IndusInd Bank
IndusInd Bank fixed deposit offers outstanding benefits that make it stand out as an ideal investment choice. Advantages of IndusInd Bank’s fixed deposits range from hassle-free instant online booking and competitive interest rates, to flexible tenures, and flexible options for interest payments.
Prudent investment decisions are essential in attaining financial stability, and fixed deposits are a key instrument in this endeavour. Due to the increased focus on secure and reliable investment options, IndusInd Bank fixed deposits stand out as an ideal choice. This financial tool not only offers a safe haven for your money but also guarantees a reliable and steady source of income. If you are seeking consistent and attractive returns, exploring IndusInd Bank fixed deposits can be the key to your financial success.
Keep reading to explore six features that make IndusInd Bank fixed depositsan ideal investment choice.
6 Key Features of IndusInd Bank Fixed Deposits
| Hassle-free Instant Booking | Provide your PAN and Aadhaar details to book your fixed deposit online in three simple steps |
| High-Interest Rates | Earn best-in-class fixed deposit interest rates starting at 7.75% (8.25% for senior citizens) |
| Auto-renewal Option | Upon the maturity of your fixed deposit, you can choose to extend the term of the deposit rather than withdraw the funds |
| Flexible Interest Payments | Interest payments can be made on a monthly, quarterly, half-yearly, yearly, or at-maturity basis |
| Flexible Tenure | You can choose from flexible tenures, ranging from 7 days to 10 years |
| Tax-Saving FD | By keeping your money in a fixed deposit for a period of five years, you can avail of tax benefits under Section 80C of the IT Act |
How to Book a Fixed Deposit with IndusInd Bank Instantly?
You can book an instant fixed deposit with IndusInd Bank in three ways:
1. Through Web Application (Applicable for Non-IndusInd Bank customers as well)
- Confirm your PAN & Aadhaar number
- Provide your personal and fixed deposit details
- Complete the Video-KYC process
- Add money to your fixed deposit
2. Through IndusMobile
- Use your Mobile banking ID to log in and select the deposit option
- Choose ‘Create Fixed Deposit’ and carefully fill out the required details
- The chosen amount will be debited from your savings account upon successful submission
3. Through IndusNet
- Select the deposit option on your internet banking account
- Click on ‘Open FD’ option and provide the required details
- Select the desired amount to add to your fixed deposit from your savings account
IndusInd Bank Fixed Deposit Eligibility Criteria
You must fulfil the following requirements to open a fixed deposit account with IndusInd Bank:
- Must be an Indian citizen
- Must be 18 years of age or older
- Must have valid KYC documents, including PAN and Aadhaar
The fixed deposit account can be opened by individuals, sole proprietorships, partnership firms, HUFs, limited companies, societies, clubs, trusts, guardians on behalf of minors, and associations.
Use IndusInd Bank Fixed Deposit Calculator to Calculate FD Returns
IndusInd Bank provides an online FD calculator to assist you in determining the accrued interest and the maturity amount for your fixed deposit. Follow the steps below to calculate fixed deposit returns with an IndusInd Bank FD calculator:
- Access the FD calculator on this webpage
- Type in the amount you want to invest in the fixed deposit (You can deposit a minimum of INR 10,000)
- Select the tenure or duration of the fixed deposit
- The interest rate for the chosen duration will be visible on the screen
- After entering the required information, select the “Calculate Now” button
- The FD calculator will display the total amount you will receive upon maturity
Secure your funds and receive assured returns with an IndusInd Bank fixed deposit. Book yours today!
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.
