How to book a Fixed Deposit (FD): 3-Step Guide

Posted on Monday, May 29th, 2023 | By IndusInd Bank

Fixed Deposits, commonly referred to as FDs, are a popular investment option for many individuals in India, in which an individual deposits a certain amount of money for a fixed period, ranging from a few months to a few years, and earns interest on it.  

 
One of the primary advantages of FDs is their stability. Since they are a low-risk investment, FDs offer a guaranteed rate of return, making them an ideal option for risk-averse individuals. Moreover, FDs provide a fixed income stream, which can be useful for individuals who want to earn a regular income from their investments. This feature of FDs makes them an ideal investment option for retirees or individuals who rely on a fixed income. 
 
Another advantage of FDs is their flexibility. FDs offer a wide range of tenures, starting from a few months to several years, which allows investors to choose the tenure that best suits their needs. Additionally, many banks offer the option of premature withdrawal of FDs, which can be useful in case of any financial emergency. 
 
FDs also provide high liquidity. Although they are a fixed-term investment, they offer a higher degree of liquidity compared to other long-term investments such as mutual funds or stocks. Investors can avail of loans against their FDs or even break the FD prematurely in case of any financial emergency. 
 
FDs also provide a high rate of interest. Since they are a low-risk investment option, banks offer a higher interest rate on FDs compared to savings accounts. This higher rate of interest can help individuals earn more on their investments and grow their wealth over time. 
 
If you are looking to invest your money in a low-risk investment option, you should consider investing in FDs. 
 
If you want 24X7 access to your funds while earning interest on it – go for IndusInd Bank Savings Account. With features like unlimited ATM transactions, higher interest rates, and online banking services, IndusInd Bank Savings Account provides a perfect balance between liquidity and returns. Apart from high interest rates, you also get to enjoy cashback offers and discounts across top brands with IndusInd Bank Savings Account. You can manage your savings account with IndusInd Bank using the IndusMobile app that lets you transfer funds instantly, make UPI payments in a few clicks, check account balance and statement 24X7. That’s not all! You can open even IndusInd Bank Online Savings Account from your home using Video KYC! Click here to open   

Booking an FD with IndusInd Bank in just 3 steps 

At IndusInd Bank, booking an FD is a quick and hassle-free process that can be done in just three simple steps. In this blog, we’ll guide you through the process of booking an FD with IndusInd Bank in just three easy steps. 

Step 1: Open a Savings Account with IndusInd Bank 

 The first step in booking an FD with IndusInd Bank is to open a Savings Account. If you don’t have a Savings Account with IndusInd Bank, you can easily open one online using Video KYC. Once your Savings Account is opened, you can proceed to the next step. 

Step 2: Choose the FD amount and tenure 

The next step is to choose the FD amount and tenure. IndusInd Bank offers a range of FD options with varying tenures and interest rates. You can choose the FD amount and tenure that suits your investment goals. Once you have decided on the amount and tenure, you can proceed to the next step. 

Step 3: Book your FD online using IndusMobile App 

The final step is to book your FD online using the IndusMobile App. IndusInd Bank offers a user-friendly online platform that allows you to book an FD in just a few clicks.  

If you wish to book an FD offline, you can visit a branch near you. IndusInd Bank offers the convenience of booking an FD at any of its branches across India. Once your FD is booked, you can sit back and relax as your investment grows over time. 

Why choose IndusInd Bank for your FD investments? 

IndusInd Bank offers a range of FD options that cater to different customer needs. Its FDs come with attractive interest rates that ensure high returns on investment. IndusInd Bank also offers flexible tenures that allow you to choose the investment horizon that suits your financial goals. IndusInd Bank also offers senior citizen FDs that offer higher interest rates to senior citizens. This is a great option for those who are retired and looking for a low-risk investment option that provides a steady source of income. Booking an FD with IndusInd Bank is also a quick and hassle-free process that can be done online or by visiting a branch near you. 

Booking an FD with IndusInd Bank is a simple and straightforward process that can be done in just three easy steps. By choosing IndusInd Bank for your FD investments, you can enjoy attractive interest rates, flexible tenures, and a hassle-free investment process. So, open a Savings Account with IndusInd Bank today and start investing in an FD that suits your investment goals. Click here to book an FD 

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.