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  • Fixed Deposit BYTES FROM OUR KITCHEN

    Overview of IndusInd Bank Fixed Deposit

    Fixed Deposits (FDs) are a popular mode of investment. One of the key products offered by IndusInd Bank is Term Deposits.

    Types of IndusInd Bank Term Deposit Schemes

    • Fixed Deposit scheme
    • Senior Citizen scheme
    • Sweep In/Out Deposit scheme
    • Indus Tax Saver Scheme

    Features of IndusInd Bank FD Scheme

    • The tenure for the IndusInd Bank Term Deposit falls between 7 days and above.
    • The interest rate ranges between 3.75% p.a. and 8.00% p.a.
    • Tax Deducted at Source (TDS) is applicable to the interest income.
    • A depositor can choose to either get the interest payout on a yearly, half-yearly, quarterly or monthly basis.
    • One can also choose to receive the interest at the end of the tenure.
    • The interest income earned gets credited to the depositor’s Savings or Current Account.
    • This variant of Term Deposit has the facility of automatic renewal.
    • One can also make use of the nomination facility.
    • One can make premature withdrawals as well for deposits which are Rs.1 crore and above.
    • Premature withdrawals are charged with a penal rate of 1%.

    Features of IndusInd Bank Senior Citizen Scheme

    • In case of deposits below Rs.1 crore, senior citizens get rates which are 0.50% more than the regular rates.
    • One needs to make a deposit of at least Rs.10,000.
    • The interest income is taxed as per TDS.
    • The maturity period ranges from 7 days to 10 years.
    • In case of a joint account, the primary account holder must be a senior citizen.
    • The scheme comes with a nomination facility.
    • A depositor can prematurely close the account.
    • The FD rates are between 4.25% p.a. and 8.50% p.a.

    Features of IndusInd Bank Sweep In/Out scheme

    • This scheme allows transfer of funds from an FD account to a linked Savings/Current Account and vice versa.
    • If the balance on the Savings/ Current account is inadequate, funds are credited to the account from the Term Deposit account.
    • The interest rates lie between 3.75% p.a. and 8.00% p.a.
    • Senior citizens get an additional 0.50% on the interest rates.
    • The tenure period is from 30 days to 2 years.
    • The scheme has facilities of nomination and automatic renewal.
    • One can choose to prematurely close the account before the due date as well.

    Features of Indus Tax Saver scheme

    • This variant of FD helps one get tax benefits as mentioned in Section 80C of the Income Tax Act, 1961.
    • The interest rate for Indus Tax Saver scheme is 7.50% p.a.
    • The maximum deposit amount for a Tax Saver FD is Rs.1.50 lakh.

    IndusInd Bank FD rates: Below Rs.1 crore

    Tenure range

    Regular FD rates p.a. (in %)

    Senior Citizens FD rates p.a. (in %)

    7 days to 15 days

    3.75

    4.25

    15 days to 1 month

    4.25

    4.75

    Above 1 month to 45 days

    5.75

    6.25

    Above 45 days to 2 months

    6.00

    6.50

    Above 2 months to 3 months

    6.25

    6.75

    Above 3 months to 4 months

    6.50

    7.00

    Above 4 months to 6 months

    6.75

    7.25

    Above 6 months to 7 months

    7.25

    7.75

    Above 7 months to 9 months

    7.25

    7.75

    9 months to 12 months

    7.50

    8.00

    12 months to 14 months

    8.00

    8.50

    Above 14 months to 24 months

    7.75

    8.25

    24 months to 5 years 1 month

    7.50

    8.00

    5 years 1 month and more

    7.25

    7.75

    *The IndusInd Bank Term Deposit rates tend to change from time to time. The rates given in the table are effective as of 6 December 2018.

    How is the FD rate calculated for IndusInd Bank Fixed Deposits?

    • The interest is calculated on a quarterly basis for deposits with a maturity period of 91 days and more.
    • Simple Interest is calculated for FDs with a tenure under 91 days.

    What are the eligibility criteria to apply for an IndusInd Bank Fixed Deposit scheme?

    • Individuals
      • Resident Indians
      • Member of the Hindu Undivided Family
    • Groups
      • Limited Companies
      • Sole Proprietorship Firms
      • Firms in Partnerships
      • Trust Accounts
      • Clubs and Societies

    What are the documents required to apply for an IndusInd Bank FD scheme?

    • Proof of identity
      • Aadhaar Card
      • Driver’s License
      • Passport
      • Government-approved ID card
      • Permanent Account Number
    • Proof of residence
      • Electricity Bill/telephone bill
      • Bank Statement along with a cheque
      • Passport

    FAQs about IndusInd Bank FD scheme

    1. How can I apply for an IndusInd Bank FD scheme?
    2. One can visit the nearest IndusInd Bank to fill out an application form and submit the required documents.
    3. One can also apply online through net banking or mobile banking
    4. What is the tenure period for Indus Tax Saver Term Deposit?
    5. The Indus Tax Saver Fixed Deposit comes with a maturity period of 5 years.
    6. What is the highest IndusInd Bank FD interest rate?
    7. The highest IndusInd Bank FD rate is 8.00% p.a. for a maturity period between 12 months and 14 months.
    8. What is the tenure range for an IndusInd Bank Fixed Deposit scheme?
    9. The IndusInd Bank FD has a maturity period from 7 days and above.
    10. Is TDS applicable on Indus Tax Saver FD?
    11. Yes, the interest income earned on Indus Tax Saver FD is taxable under TDS.

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    IndusInd Bank Fixed Deposit Reviews

    • IndusInd Bank Fixed Deposit
      "Good interst for FD savings"
      0.5 4.0/5 "Great!"
      I opened fixed deposit account through online, the process was simple without any documentation. Currently the bank is providing the interest around 8% for the FD account. I done it before year it has tenure this year one year. I think this august my Fd amount gets matured.
      Was this review helpful? 4
      , bangalore
      Reviewed on Apr 03, 2019
    • IndusInd Bank
      IndusInd Bank Fixed Deposit
      "Good Investment with Indusind bank"
      0.5 5.0/5 "Blown Away!"
      One time investment I have done in Indusind bank as a fixed deposit, it has locking period around one year. They are providing the interest around 8% for one year. Online option is easy to activate the service and closing, there is no charges for the FD maintenance.
      Was this review helpful? 2
      , indore
      Reviewed on Mar 26, 2019
    • IndusInd Bank Fixed Deposit
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      I have opened a fixed deposit with Indusind bank. The customer services and response is good and they are offering a good rate of interest. The customer services and response is good. It was easy to open this account and there were no charges taken for the same.
      Was this review helpful? 15
      , bangalore
      Reviewed on Aug 17, 2018
    • IndusInd Bank Fixed Deposit
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I have opened a Fixed deposit with Indusind bank.The minimum a maintain 50,000 in year.i feel its a best investment for the customers as I get the best interest rate.I have been banking with them for last five years.I am happy banking with them.
      Was this review helpful? 5
      , chennai
      Reviewed on Jan 23, 2018
    • IndusInd Bank Fixed Deposit
      "Excellent"
      0.5 4.0/5 "Great!"
      I do have the Indusind bank fixed deposit account and within a day of time the account got opened. I would like to say that the response is good one for me with them and their customer service is also fine one with them.
      Was this review helpful? 3
      , noida
      Reviewed on Sep 28, 2017
    • IndusInd Bank Fixed Deposit
      "Fixed depost"
      0.5 5.0/5 "Blown Away!"
      With INDUDIND, I am holding a NRE so based on which they offered a NRE rate. This was opened and closed. This request was placed online no challenges nor any issues. I did not get any tax benefit for this FD. It was opened on the basis of NRE....
      Was this review helpful? 1
      , thane
      Reviewed on Sep 23, 2017
    • IndusInd Bank Fixed Deposit
      "Good interest rate for Fixed Deposit "
      0.5 5.0/5 "Blown Away!"
      I visited the Induslind bank branch to open the Fixed deposit which was given with 9% interest rate for the minimum lock in period of one year. But, they took ten days to activate the plan. The minimum amount to start the plan is Rs.50,000. We can liquid the cash any time after three months for the plan.
      Was this review helpful? 8
      , secunderabad
      Reviewed on May 14, 2016
    • IndusInd Bank Fixed Deposit
      "Nice rate "
      0.5 5.0/5 "Blown Away!"
      Induslind bank is giving 6% above interest rate for the fixed deposit. Minimum lock in period one year maximum up to 15 years. We can start he plan with one lakhs rupees. . I took the plan by visiting the bank directly.
      Was this review helpful? 6
      , nagpur
      Reviewed on Jan 20, 2016
    • IndusInd Bank Fixed Deposit
      "Slow process "
      0.5 2.0/5 "Expected more"
      The service provided was quite average with Indusind Bank based on the fixed deposit.They have provided any information about my account.Its been 15days for getting a deposit.They have opened a saving account but I acutally applied for a fixed deposit with them.
      Was this review helpful? 4
      , delhi
      Reviewed on Jan 13, 2016
    • IndusInd Bank Fixed Deposit
      "Great !!!"
      0.5 5.0/5 "Blown Away!"
      Recently eight months ago I have taken fixed deposit with IndusInd bank and rate of interest is high comparatively. In addition to that for FD holders, the bank is offering loan and other good facilities. At times response is poor thus they have to look on to that. Rate is only simple rate where will get at the end of the term period.
      Was this review helpful? 10
      , bangalore
      Reviewed on Mar 07, 2015
    • IndusInd Bank Fixed Deposit
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am holding a INDUS IND FD and I would say its perfect . Customer service offered by them was really good. They will come to my place at any point of time. They are always ready to help the customers.Interest rate offered by them is really good. I have taken that for 6 years.
      Was this review helpful? 12
      , jaipur
      Reviewed on Jan 17, 2015
    • IndusInd Bank Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      I am holding a fixed deposit with INDUS IND bank. It was very easy to open this deposit. It was opened at the Branch with the help of pan card and election id. Off course, the rate of interest offered by them was competitively less. No charges being charged for opening this account. I can access this account online. I am happy with the returns as well.
      Was this review helpful? 4
      , vadodara
      Reviewed on Dec 28, 2014
    • IndusInd Bank Fixed Deposit
      "Quite impressive rate!!"
      0.5 4.0/5 "Great!"
      With Indusind bank, I did open fixed deposit before 6 months. Interest rate is 11% which is quite impressive. Through my net banking, I would do the deposit. At the time of maturity, I get the principal amount along with quarterly compounding rate
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 13, 2014
    • IndusInd Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Absolutely IndusInd bank is excellent in service and in all the aspects. IndusInd is the only bank which provides good and high interest rate on Fixed deposit as well they are best in technology. I availed FD for tenure of 13 months and the amount is 5lakhs. Interest rate on FD is around 9.5% and they are giving compound interest which would be accumulated in quarterly basis.
      Was this review helpful? 5
      , gurgaon
      Reviewed on Dec 11, 2014
    • IndusInd Bank Fixed Deposit
      "Fixed Deposit"
      0.5 4.5/5 "Excellent!"
      I have open Fixed deposit in Indusind BankLtd an i have good experience with the bank as i have earned rate of interest of 9.00 percent on my amount and fell blessed after earning that amount with was idle on my account. I suggest everyone to open at least on Fixed deposit.
      Was this review helpful? 11
      , gurgaon
      Reviewed on Nov 28, 2014
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