Benefits of Fixed Deposit (FD)

In uncertain times, everyone wants to keep their money safe. We all look for places to safeguard our money where it won't disappear overnight. Fixed deposits (FDs) are a great option for this very purpose and hence seem attractive to many. They're like a safe box for your money where it can grow without big risks. They give you peace of mind, knowing your money is safe and steadily growing over time.

With IndusInd Bank’s high FD interest rates, your money will be more than just safe and secure – it will grow at a steady rate. Another benefit of Fixed Deposit from IndusInd Bank is our 100% online and hassle-free booking process. Whether you are a non-IndusInd Bank customer or an existing one, opening an FD with us is instant and easy!

Choose from a wide range of tenure options, select an interest payment frequency of your choice, and enjoy many other fixed deposit benefits with IndusInd Bank.

FDs offer several benefits that make them a popular choice for many savers. Let's explore some of the key advantages of fixed deposits:

• Capital safety

  Fixed deposits offer a predictable return on your investments. This is different from other more volatile investment options, where the value of your investment can fluctuate dramatically due to market conditions. The financial institutions where you hold the deposit guarantee the safety of your capital.

• Flexibility in tenure

  Flexibility in tenure is one of the noteworthy features of fixed deposits, allowing you to tailor investments to match your goals and financial needs. They provide a range of tenure options, typically ranging from a few days to several years. This allows you to choose the tenure that best suits your individual circumstances.

• Option for partial withdrawal

  One of the overlooked yet valuable benefits of fixed deposits is that they allow partial withdrawal. While they are typically seen as long-term investments, life is unpredictable. Sometimes the need for immediate access to funds arises. In such situations, the option for partial withdrawal offers a practical solution. You can address urgent financial needs.

• Higher interest rates for senior citizens

  One of the notable advantages of term deposits, particularly for senior citizens, is the higher interest rates. Most banks offer preferential interest rates to senior citizens to support retirees and individuals in their golden years. With these fixed deposit benefits, senior citizens can enjoy a reliable source of income to support their lifestyle and cover expenses in retirement.

• Tax Saver Fixed Deposits

  Tax Saver Fixed Deposits (FDs) are special types of fixed deposits that offer tax benefits under Section 80C. Investors can claim a deduction of up to ₹1.5 lakh in a financial year. These FDs have a lock-in period of five years and typically offer higher interest rates compared to regular savings accounts.

• Easy to Open and Manage

  FDs are quite easy to open and manage, especially with IndusInd Bank. Non-IndusInd Bank customers can use our web application to open an FD in just 4 steps:

  • Verify their PAN and Aadhaar details
  • Enter their personal details
  • Complete video-KYC
  • Add the funds into the FD!
  
  

  IndusInd Bank customers can use the IndusMobile banking app and the IndusNet banking portal.

  • Simply select the ‘Create Deposit’ or ‘Open FD’ option
  • Fill out the form
  • Submit.
  
  

  The chosen amount will be transferred to your FD account, and you can start enjoying the benefits of FD right away!