Indus Deposit Plus

The Indus Deposit Plus is a guaranteed-return investment scheme that offers various competitive benefits with interest rates ranging from 3.25% p.a. to 7.00% p.a.to its customers. In this scheme, the primary deposit amount is placed in a fixed deposit.

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The interest earned from this fixed deposit is invested in various mutual funds through SIP (Systematic Investment Plan). To open a Deposit Plus account, the minimum monthly interest payout on a fixed deposit must be at least Rs.1,000.

Features of Indus Deposit Plus

Given below are the main features of the Indus Deposit Plus FD scheme:

Deposit Amount

Minimum deposit: Rs.10,000

Rate of Interest

General public: 3.25% p.a. to 7.00% p.a.

Senior citizens: 3.75% p.a. to 7.50% p.a.

Period

Minimum duration: 7 days

Maximum duration: 10 years

Nomination

Available

Premature withdrawal

Allowed

Advantages of Indus Deposit Plus Account

The Indus Deposit Plus account provides various benefits to its customers. They are:

  1. Higher returns - The scheme has the potential to provide higher profits by investing in market-linked products.
  2. Tax Advantage - If you redeem the returns you earned from your equity-linked SIP after one year, the returns will be deemed to be tax-free
  3. Capital protection - Since the primary amount will be placed in a fixed deposit and the interest earned will be invested in mutual funds, opening a Deposit Plus account will guarantee capital protection.
  1. Operational ease and convenience -  Your deposit's monthly interest will be invested in an SIP by a simple auto-debit instruction.
  2. A chance to select from multiple SIP schemes to invest in.
  3. Allows you to avail an overdraft against the fixed deposit.
  4. 'Rupee cost averaging' benefit that reduces the volatility of the stock market by investing on a regular basis.

Eligibility Criteria for applying for Indus Deposit Plus Account

To open an Indus Deposit Plus account, you must meet the following requirements:

  1. Must be above 18 years of age
  2. Must be a resident of India with an IndusInd Savings Account or Current Account
  3. NRIs with an IndusInd NRE or NRO Account

How to Apply for Indus Deposit Plus

You can instantly open an Indus Deposit Plus account online. Simply follow the 3 easy steps mentioned below:

Step 1: Visit IndusInd Bank's official website

Step 2: Click on the 'Apply online' section

Step 3: Choose the 'fixed deposit' option

Step 4: Choose the 'I am an Existing Customer' tab

Step 5: Enter your mobile number and verify it through OTP

Step 6: You will be directed to the application page, where you have to fill in all your details including PAN and Aadhar numbers.

Step 7: Verify your identity and apply for the Indus Deposit Plus account successfully

Step 8: Fill in the tenure and investment amount

Step 9: Choose from the options 'Tax saver' or 'Regular' and click on the 'Select & Continue' option

Step 10: Enter your details and follow all the given instructions to successfully open the IndusInd Deposit Plus account.

Steps to Apply for Indus Deposit Plus Offline:

To open an Indus Deposit Plus account offline, visit the nearest IndusInd Bank branch. A representative of the bank will guide you through the application process.

Indus Deposit Plus Interest Rates for Deposits below Rs.3 Crore

Here are the latest interest rates for the deposit scheme:

Tenure  

Interest Rates for general public 

Interest Rates for senior citizen 

7 days to 30 days  

3.25% p.a. 

3.75% p.a. 

31 days to 45 days 

3.50% p.a. 

4.00% p.a. 

46 to 60 days 

4.50% p.a. 

5.00% p.a. 

61 days to 90 days  

4.75% p.a.  

5.25% p.a. 

91days to 120 days  

5.00% p.a. 

5.50% p.a. 

121 days to 1180 days 

5.00% p.a. 

5.50% p.a. 

181 to 210 

5.75% p.a. 

6.25% p.a. 

211 to 269   

6.00% p.a. 

6.50% p.a. 

270 to 354 

6.25% p.a. 

6.75% p.a.  

355 days to 364  

6.50% p.a. 

7.00% p.a. 

1 year to below 1 year 1 month 

6.75% p.a. 

7.25% p.a. 

1 year 1 month to up to 2 years 

7.00% p.a. 

7.50% p.a. 

Above 2 years to 3 years 3 months 

6.75% p.a. 

7.25% p.a. 

Above 3 years 3 months to below 61 months 

6.65% p.a. 

7.15% p.a. 

61 months and above 

6.50% p.a. 

7.00% p.a. 

Tax saver FD (5 year) 

6.65% p.a. 

7.15% p.a. 

Note: The interest rates are applicable w.e.f. 1 August 2025

FAQs on Indus Deposit Plus

  • What are the documents needed to open an Indus Deposit Plus FD account?

    You do not need to provide any documents when you first open your Indus Deposit Plus FD account. You will just need your Aadhar and PAN number to open the account online. However, you need to submit your KYC paperwork within one year of opening the fixed deposit.

  • Can an Indus Deposit Plus FD account be opened under a minor's name?

    No, you cannot open an Indus Deposit Plus FD account under a minor's name. Customers have to be above the age of 18 to open the FD account.

  • Do senior citizens get any extra benefit for opening an Indus Deposit Plus?

    Yes, senior citizens opening a Deposit Plus account with deposits below Rs.2 crore with the bank will get 0.50% more interest rate than other customers.

  • Do I have to be an account holder with IndusInd Bank to open an Indus Deposit Plus account?

    Yes, only existing customers of IndusInd Bank will be able to open an account under the Indus Deposit Plus scheme.

  • How long will it take to open the Indus Deposit Plus account?

    You can open the Indus Deposit Plus account instantly through online application or by visiting the nearest branch of IndusInd Bank.

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