How to Save Tax with IndusInd Bank

• Section 80C:The following are the deposit scheme that are offered by IndusInd bank. Up to Rs.1,50,000 can be claimed as deductions. You can claim deductions deposits made in the following schemes:
• IndusInd Bank Fixed Deposit: You get flexible range of tenure. You get to choose the interest payable and to which account it has to be paid to. Nomination facility and partial withdrawals are allowed. Senior citizens get special rates. You can do the booking through Indus Net or phone banking.
• Sweep-in or Out Deposit:This scheme is most suitable to the corporates and individuals. The amount will float between current and savings account. The amount will be transferred to term deposit for a specified period. If there is insufficient balance, the required amount will be transferred by breaking the deposits. The tenure offered ranges from 30 days to 24 months. Nomination facility is available. The account cannot be closed prematurely.
• Regular Recurring Deposit: This encourages regular savings as you will have to invest a fixed amount each month for a fixed period. Opening balance starts at Rs.500. The tenure ranges from 12 months to 120 months. Nomination facility and premature closure is allowed.
• Senior Citizen Scheme:This scheme offers a higher interest rate to people above the ages of 60. Joint deposits can also be opened. The minimum deposit amount allowed is Rs.10,000. The tenure ranges from 7 days to 120 days. Account holder can nominate and also prematurely close the account.
• Young Saver Deposit:This scheme was introduced to inculcate saving habit among children. It links savings account with flexi recurring deposit account that is to be opened and operated by the guardian of the minor. The account can be opened with Rs.11 and the tenure ranges from 6 months to 120 months. Nomination facility is available and the account can be prematurely closed as well.
• Deposit Plus:It offers high returns through investing in market linked instruments. Since the amount invested and interest earned is invested in Mutual Fund through SIP, the capital is protected. You have multiple SIP schemes to choose from and overdraft facility is available. Premature encashment is also permitted.
• Section 80CCD:The investments made under the notified Pension Schemes will be eligible for deduction under Section 80CCD. IndusInd Bank has tied up PFRDA to offer:    Atal Pension Yojana:Defined pension will be provided depending on the contribution and its period. This scheme focuses on the citizens in the unorganised sector. Subscribers under this scheme will receive a fixed Rs.1,000 or Rs.2,000 or Rs.3,000 or Rs.4,000 or Rs.5,000 as pension per month depending on the contribution made. The joining age for this scheme is 18 years and the maximum age to join this scheme is 40 years. Minimum contribution period is 20 years.
• Section 80D:The premium that you pay towards your medical insurance is eligible for tax benefits under the Section 80D. The products offered by IndusInd Bank for health insurance are as follows

Enhance: You get cashless treatment at more than 4100 hospitals. Regular health check-ups are offered to adult members. Treatment can be availed anywhere in the world. It has a lifetime renewability. There is a floater cover and organ donor medical expenses are covered. On 2 year policy you can get 7.5% discount and 10% discount on a 3 year policy. 

Care: Sum assured is up to Rs.60 lakh. The policy is auto recharged at no extra cost. Treatment can be availed anywhere in the world. You get cashless treatment at 4100 hospitals. Over 170 day care procedures are covered. There is lifetime renewability. You get up to 150% increase in the sum insured with the no claim bonus. Domiciliary hospitalization is also covered .

Secure: Your nominee will receive compensation in the event you die. Permanent total disablement and partial disablement is covered. You also get child education cover and add on benefits like accidental hospitalisation covering daily allowance, hospitalisation expenses and compassionate visit .

IndusInd Bank will help you save tax by letting you invest in variety of products and also lets you claim deduction on the interest payment made towards the loans.