IndusInd Bank Recurring Deposit (RD)

IndusInd provides you with an RD account, which allows you to save money on a regular basis by making little contributions. Simply set money aside on a regular basis to get the benefits of IndusInd RD. The duration of an IndusInd RD account spans from 12 to 120 months

Updated On - 05 Sep 2025
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Individuals can open a recurring deposit (RD) account with IndusInd Bank. The bank allows you to open a RD account for a period that ranges between 12 months and 10 years.

The interest payable on the deposits is 6.35% p.a. onwards and. Senior citizens are offered an additional interest of 0.50% on all deposits.

Interest Rates offered by IndusInd Bank on RDs

Listed below are the interest rates offered by IndusInd Bank on recurring deposits depending on the tenure:

Tenure  

Interest Rates p.a. (%)  

Senior Citizen Rates p.a. (%)  

9 Months 

6.35% 

6.85% 

12 Months  

7.75%  

8.25% 

15 Months  

7.75%  

8.25% 

18 Months  

7.75%  

8.25% 

21 Months  

7.75%  

8.25% 

24 Months  

7.75%  

8.25% 

27 Months  

7.25%  

7.75% 

30 Months  

7.25%  

7.75% 

33 Months  

7.25%  

7.75% 

36 Months  

7.25%  

7.75% 

39 Months  

7.25%  

7.75% 

3 years to below 61 months  

7.25%  

7.75% 

61 month and above  

7.00%  

7.50% 

Note: The interest rates mentioned in the tables are effective 3 July 2024 . 

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Types of Recurring Deposits offered by IndusInd Bank

The bank offers two types of recurring deposit. They are:

  1. Regular Recurring Deposit
  2. Value -Added Recurring Deposit

Features of Regular Recurring Deposit

The features of Regular Recurring Deposit are listed below:

  1. Can be opened with a minimum deposit of Rs.500
  2. Nomination facility available
  3. Premature closure allowed
  4. Instalments can be paid by a standing order, ECS mandate or by regular direct remittance

Features of Value-Added Recurring Deposit (RD)

Listed below are the features of Value-Added Recurring Deposit:

  1. Can be opened for a period of 12 months
  2. The monthly instalment is determined based on the cost of the package
  3. Minors can also open the RD account

Who can open a Recurring Deposit account with IndusInd Bank?

An RD account with IndusInd Bank can be opened by a resident Indian.

How to open a RD account with IndusInd Bank?

You can open an RD account with IndusInd Bank by visiting the bank branch or using the net banking facility

Documents Required  for IndusInd Bank RD

The documents which need to be submitted are listed below:

  1. Application form
  2. Introduction letter by an IndusInd Bank existing customer
  3. Address proof
  4. Passport size photograph

Medium Recurring Deposit Interest Rates

RD accounts which has a tenure between 1 year and 3 years are known as medium-term recurring deposits. The interest offered to general citizens by IndusInd bank on such RD tenures is in the range of 7.75% p.a. onwards 5.75% p.a. to 7% p.a. Senior and senior citizens are offered an additional interest of 0.50% on all deposits.

Long Term Recurring Deposit Interest Rates

Any RD account opened for a period of more than 3 years are known as long-term recurring deposits. The interest paid on such deposits is in the range of 6.50% p.a. to 6.75% p.a. Citizens above the age of 60 years are offered additional interest of 0.50%.

FAQs on IndusInd Bank Recurring Deposit

  • What is the minimum amount required for investing in an RD at IndusInd Bank?

    IndusInd Bank accepts deposits of as small as Rs.500 for investing in an RD. 

  • Will there be any penalty if I decide not to travel after the maturity of the value-added recurring deposit account?

    No, there will not be any penalty.

  • Can I change the destination which I originally booked?

    Ideally not possible. However, if you are willing to pay the additional charges, the bank will consider it on a case-to-case basis.

  • Is TDS applicable on the interest paid or accrued?

    Yes, TDS is applicable on the accrued interest.

  • Can partial payments be made on Recurring deposits?

    No, partial payments on recurring deposits can be paid.

  • When is the interest paid?

    IndusInd Bank pays the interest only at the time of maturity or when the account is closed.

  • Does IndusInd Bank provide nomination facility on RD?

    Yes, you can avail yourself of a nomination facility on RD at IndusInd Bank. 

  • What is the minimum tenure of investing in an RD at IndusInd Bank?

    At IndusInd Bank, you need to invest for a minimum of 12 months in an RD. 

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