Invest in IndusInd Bank fixed deposit for high returns - iBlogs (2024)

Posted on Wednesday, June 28th, 2023 | By IndusInd Bank

From hassle-free online booking to attractive interest rates and auto-renewal options, the advantages of IndusInd Bank FD are numerous. Book an FD with IndusInd Bank today to reap these benefits!

Investing is essential for building your wealth and securing your financial future. Selecting a reliable and secure option is essential when deciding where to invest your hard-earned money. Fixed Deposits (FDs) are popular for those seeking a safe and secure investment plan. Among the several banks offering FDs, IndusInd Bank stands out as a reliable and trustworthy institution. Investing in an IndusInd Bank FD ensures a guaranteed return on your investment and helps you achieve both short-term and long-term financial goals.

Let’s explore the benefits of IndusInd Bank’s FD that make it a secure investment avenue.

Benefits of an IndusInd Bank Fixed Deposit

Here are some key benefits of an IndusInd Bank fixed deposit:

Simplified & Convenient Booking Process: It just takes three simple steps to book a fixed deposit with IndusInd Bank online. Just keep your PAN and Aadhaar details ready.

Attractive Interest Rates: IndusInd Bank offers competitive interest rates on fixed deposit schemes, making them a profitable investment choice for individuals looking to maximize their savings.

Flexible Auto-Renewal & Multiple Interest Payment Options: You can renew your FD automatically for maximum convenience. Choose from various interest payment options, including monthly, quarterly, half-yearly, yearly, or at maturity.

Instant KYC with Video KYC Facility: Complete your KYC process using the Video KYC facility instantly. This enables you to open an FD of any amount without hassle.

Tax Saving Fixed Deposit: IndusInd Bank’s five-year fixed deposit tax-saving scheme allows you to save money by availing a tax exemption.

How To Book a Fixed Deposit with IndusInd Bank?

You can book a fixed deposit account with IndusInd Bank in three ways:

Through Web Application*

Step 1: To open your FD account, keep your PAN and Aadhar documents handy.

Step 2: Submit the necessary personal details, including your name, phone number, address, and other relevant details. Specify the details of your desired FD, including the amount and tenure.

Step 3: Finish the Video-KYC process, a remote verification method that eliminates the need to visit a branch.

Step 4: After verification, fund your fixed deposit.

Note: *This is applicable for non-IndusInd customers as well.

Through Indus Mobile

Step 1: Access your Internet banking ID and choose the deposit option.

Step 2: Select the ‘Create Fixed Deposit’ option and complete the form.

Step 3: After successfully submitting the form, the specified amount will be moved from your savings account to your FD account.

Through Indus Net

Step 1: Access your mobile banking account and choose the deposit option.

Step 2: Tap ‘Open FD’ and provide the required information. Specify the amount you want to transfer from your savings account to your FD account.

Why Should You Opt for an IndusInd Bank Fixed Deposit?

IndusInd Bank is an excellent choice for opening an FD account due to its myriad benefits. Unlike investments subject to market volatility, FDs come with the promise of a predetermined return on investment. Depending on your requirements and deposit capacity, you can select a tenure ranging between 7 days and 10 years. You can also use IndusInd Bank FD calculator to determine how much interest you will earn and the total amount you will get when your FD matures.

Secure your future with an IndusInd Bank fixed deposit. Book now for stable and reliable returns!

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 circ*mstances. 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.

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Invest in IndusInd Bank fixed deposit for high returns - iBlogs (2024)

FAQs

What is the highest FD rate in IndusInd Bank? ›

IndusInd Bank FD Interest Rates Highlights 2024
Highest slab rate7.99% p.a. (1 year 4 months to below 1 year 6 months)
For 1 year7.75% p.a.
For 2 years7.75% p.a.
For 3 years7.25% p.a.
For 4 years7.25% p.a.
2 more rows

Is it safe to invest in IndusInd Bank FD? ›

FDs stand as an exceptional investment avenue for individuals seeking to secure their future with attractive returns on their savings. IndusInd Bank FDs not only offer high returns but also boast the convenience of 100% online booking.

Which bank has the highest ROI on FD? ›

Best FD Interest Rates in India 2024
NameBank / NBFCRegular FD Rates
HDFC BankBank7.40%
Bank of BarodaBank7.30%
IDFC BankBank7.75%
Kotak Mahindra BankBank7.40%
13 more rows

Which bank has highest fixed deposit? ›

Overall best fixed deposit rates—highest in Singapore (Sep 2024)
  • HSBC (3.10% p.a.—$200,000 for 4 months)
  • ICBC (3.05% p.a.—min. $500 for 3 months)
  • Hong Leong Finance (3.05% p.a.—min. $50,000 for 6 or 7 months)
  • CIMB (2.95% p.a.—min. $10,000 for 3 or 6 months)
  • RHB (2.95% p.a.—min. $20,000 for 3 or 6 months)
6 days ago

What is the interest rate for FD in IndusInd Bank 2024? ›

IndusInd Bank Fixed Deposit Rates 2024. IndusInd Bank offers competitive interest rates on Fixed Deposits (FDs) that range from 3.50% p.a. to 7.75% p.a. For regular deposit holders.

Which Indian bank is best for FD? ›

Top Banks FD Interest Rates 2024
FD SchemeAll Bank FD Interest Rates 2024
SBI Bank Tax Saving FD6.10% - 6.60%
RBL Bank Tax Saving FD6.55% - 7.05%
Canara Bank Tax Saving FD6.50% -
Bank of Baroda Tax Saving FD5.65% - 6.30%
8 more rows

Is it good to invest in IndusInd Bank? ›

There are 24 analysts who have given it a strong buy rating & 12 analysts have given it a buy rating.

Can I trust IndusInd Bank? ›

With a strong reputation, comprehensive services, competitive rates, and more, IndusInd Bank ensures your financial well-being and security at every step of the way. Start your journey today! Disclaimer: The information provided in this article is generic and for informational purposes only.

Is IndusInd Bank good or bad? ›

Both Federal Bank and IndusInd Bank are good private sector banks with a strong track record of growth. However, the Federal Bank has a more conservative approach to lending and has better asset quality than IndusInd Bank.

Which bank gives 9.5 interest on FD? ›

Unity Finance Bank's highest FD rate

The small finance bank is offering its highest rate on fixed deposits with a tenure of 1001 days, providing regular investors with 9% interest and senior citizens with 9.5% interest.

Which bank gives 8.5 interest on FD? ›

Comparison of Fixed Deposit Interest Rates in India
Private Sector BanksInterest Rates (% p.a.)
Equitas Small Finance Bank8.58
ESAF Small Finance Bank8.256.75
Jana Small Finance Bank8.258.25
North East Small Finance Bank99
47 more rows
Aug 14, 2024

Which bank gives 8% interest on savings accounts? ›

Currently, no banks offer an interest rate of 8% on savings accounts. However, some banks provide a 7% APY on checking accounts.

Which bank is best for fixed deposit senior citizens? ›

Senior Citizen Fixed Deposit Rates 2024
Top Banks1 year - less than 2 years5 years - upto 10 years
HDFC7.10%7.75%
Post Office6.90%7.50%
Axis Bank7.60%7.75%
ICICI Bank7.65%7.50%
16 more rows

Which is safest bank for fixed deposit? ›

Top Banks for FDs in India
Sr NoList Of BanksScore
1.State Bank of IndiaAAA
2.HDFC BankAAA
3.Bank of BarodaAAA
4,ICICI BankAAA
12 more rows

Which bank is best for fixed deposit 2024? ›

Best 12-month fixed deposit rates in September 2024 is 3.30% by Maybank or 3.20% by DBS. Best 6-month fixed deposit rates in September 2024 is 3.55% by Maybank or 3.15% by SBI ($50,000 required). Best 3-month fixed deposit rates in September 2024 is 3.20% by Bank of China or 3.15% by ICBC.

What is the interest of 10 lakh in SBI per month? ›

Interest on an FD of ₹10 Lakhs Offered by Banks and NBFCs
Bank/NBFC/HFCNon-senior Citizens (p.a.)Monthly Interest Payout
Kotak Mahindra Bank6.20%₹5,166
SBI6.50%₹5,416
AU Small Finance Bank7.21%₹6,008
Ujjivan Small Finance Bank7.20%₹6,000
12 more rows

What is the monthly interest for 1 lakh fixed deposit? ›

Interest on ₹1 Lakh Invested in FDs Offered by Banks and NBFCs
Bank/NBFC/HFCNon-senior Citizen (p.a.)Monthly Interest Payout
Jana Small Finance Bank7.25%₹604
Kotak Mahindra Bank7.00%₹591
State Bank of India6.75%₹566
AU Small Finance Bank7.25%₹604
12 more rows

Will bank interest rates go up in 2024 in India? ›

8th August 2024 – Reserve Bank of India (RBI) for the Ninth time kept the Repo rate unchanged at 6.50%. 7th June 2024 – Reserve Bank of India (RBI) for the Eighth time kept the Repo rate unchanged at 6.50%. 5th April 2024 – Reserve Bank of India (RBI) maintains the repo rate at 6.5% without any changes.

How strong is IndusInd Bank? ›

IndusInd Bank
Company typePublic
Total assets₹515,094 crore (US$62 billion) (2024)
Total equity₹62,326 crore (US$7.5 billion) (2024)
OwnerHinduja Group (26%) Life Insurance Corporation (9.99%)
Number of employees33,582 (2022)
14 more rows

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