MyLoanCare is a FREE of cost service for borrowers

MyLoanCare - Baat Aapke Interest Ki

MyLoanCare Customer Ratings - 4.5/5.0

IndusInd Bank Fixed Deposit

IndusInd Bank FD Scheme

Last Updated 08th Jan 2021

IndusInd Bank fixed deposit is a reliable, secure and beneficial investment option that offers various benefits such as guaranteed returns, Government insurance, loan borrowing facility and flexible fixed deposit tenure.

Interest Rate 3.00% to 6.50%
Minimum Tenure
Maximum Tenure
Deposit Amount
Maximum Deposit
    Earn upto 6.95% on FD APPLY NOW

    IndusInd Bank FD

    IndusInd Bank is one of the leading fixed deposit providers in the country. The Bank offers FD with flexible tenures ranging between to . Apart from that, IndusInd Bank FD offers regular returns on fixed deposit ranging between 3.00% to 6.50%. For senior citizens, the interest rates on fixed deposits range between 3.50% to 7.00%. In addition to that, IndusInd Bank fixed deposit plans offer tailor-made fixed deposit products for different kinds of fixed deposit investors.

    Types of IndusInd Bank Fixed Deposit Schemes

    Different type of IndusInd Bank term deposit products offered to the investors are listed as follows:

    Benefits of IndusInd Bank FD

    IndusInd Bank fixed deposit is a popular investment option due to a number of benefits it provides to the FD investors. Some of these are listed as follows:

    • Guaranteed returns: The best thing about IndusInd Bank FD is that it offers guaranteed and assured returns to the investors. The return offered on fixed deposit is regulated by the Bank on a monthly, or quarterly basis, as per the Bank’s choice. Currently, IndusInd Bank offers FD rates up to 6.50%. The interest rates offered on IndusInd Bank FD is not only assured but also way higher than a savings account.
    • Insured by the Government: The Deposit Insurance and Credit Guarantee Corporation offers deposit insurance of ₹ 5 Lakh to fixed deposits across all banks. Investing in a FD with a FD provider with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option.Thus, IndusInd Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
    • Loan against FD: The investment made in FD scheme is not only a reliable investment option but can also act as an asset. This is because IndusInd Bank fixed deposit allows one to borrow a secured loan against IndusInd Bank FD. The Bank allows a loan up to 90-95% of the FD amount. The best part about IndusInd Bank loan against fixed deposit is that one does not need to break his or her FD to borrow the loan.
    • Flexible tenures: IndusInd Bank FD offers the investors the flexibility to choose the investment tenure as per their convenience. IndusInd Bank offers fixed deposit for a minimum tenure of up to a maximum tenure of . IndusInd Bank offers different interest rates across FD tenures.
    • Flexible investment: Apart from the flexibility of tenure, IndusInd Bank fixed deposit offers the flexibility of funds to FD investors as funds can be invested with a minimum amount of . Apart from that, one can invest in the IndusInd Bank FD up to a maximum of .

    Premature Withdrawal Terms and Conditions

    Though a fixed deposit with IndusInd Bank means depositing funds for a fixed period of time in expectation of a regular return. However, keeping in view the instability in the markets, the Bank allows premature withdrawals of funds from a fixed deposit. This means that investors can withdraw their funds before the date of maturity to fulfil their urgent financial conditions.

    Withdrawing funds prematurely from IndusInd Bank will attract an interest rate lowered by below the effective rate on the date of booking the FD. The penalty charged on fixed deposits is valid only on fixed deposits with a tenure greater than seven days. In case of premature withdrawal of IndusInd Bank fixed deposits with tenure less than seven days, the bank does not pay any interest.

    Eligibility Criteria for IndusInd Bank FD

    IndusInd Bank FD facility can be availed by the following type of investors:

    • Indian Citizens
    • Members of HUFs or the Hindu Undivided Family
    • Business firms
    • Local governing bodies
    • Government departments
    • Employees of private limited companies
    • Trust accounts

    Documents for IndusInd Bank FD

    IndusInd Bank fixed deposit requires one to submit the following documents:

    • Passport size photographs
    • Identity proofs such as Aadhar card, passport, PAN card, and driving license.
    • Address proofs such as passport, ration card, utility bills such as water, gas or electricity bill.
    • Age proof such as birth certificate, matriculation passing certificate, and Voter ID card.
    • Bank account details such as passbook and account number.

    FAQs

    What is the loan against FD repayment tenure?

    IndusInd Bank offers the loan against FD facility to the FD investors with a repayment tenure of up to .

    What is the minimum investment for FDs under IndusInd Bank?

    IndusInd Bank FD can be availed with a minimum deposit of .

    What is the minimum amount for a fixed deposit in IndusInd Bank?

    The minimum amount required for a fixed deposit investment in IndusInd Bank fixed deposit is .

    What is the current interest rate on FD in IndusInd Bank?

    Currently, IndusInd Bank offers an interest rate ranging between 3.00% to 6.50% on its fixed deposits.

    What is the penalty for early withdrawal?

    The penalty for early withdrawal ranges between 0.5% to 1% in most cases, based on the loan amount and tenure.

    What is the minimum FD tenure for which a fixed Deposit account can be opened in IndusInd Bank?

    IndusInd Bank fixed deposit can be opened with a minimum tenure of .


    Notification ×
    • Home Loan

      Home Loan starting at 6.75%. Cashback of up to ₹ 1,000 plus Free COVID Insurance of ₹ 1 lakh.

      Apply Now
    • Personal Loan

      Instant Personal Loan with Cashback of up to ₹ 1,000 or Free Corona Insurance Cover of up to ₹ 5 Lakhs.

      Check Offers
    • Fixed Deposit

      AAA rated FDs with returns as high as 6.95%.

      Invest Now
    • Demat Account

      Open Instant Demat Account and Get Cashback of ₹ 500*. *T&C Apply

      Apply Now
    • DBS Savings Account

      Open Account Online and Cashback of up to ₹ 4,800.

      Open Account
    • Gold Loan

      Instant Gold Loan starting at 10.00% with Cashback of up to ₹ 500 or Free Corona Health Cover of upto ₹ 1 Lakh.

      Apply Now
    • Loan Against Property

      Best Loan Against Property Offers starting @ 9.50%. Cashback of up to ₹ 1,000*.

      Apply Now
    • Credit Card

      Get amazing offers, discounts and welcome gift vouchers on SBI Credit Cards.

      Apply Now
    IndusInd Bank News - Jan 2021
    • 2021-01-08 : IndusInd Bank reported 11% growth in Q3 deposits
      IndusInd Bank posted a 3.2% quarter-on-quarter growth in the net advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans in the December quarter. Further, the bank also posted a 5% quarterly growth in deposits which includes fixed and recurring deposits.
    • 2020-12-31 : IndusInd revised its FD rates
      With effect from 31 December 2020, IndusInd revised its FD rates. The FD rates for 7 to 30 days is 3% for 31 to 45 days the rate stands at 3.40%, for 46 to 60 days the rate stands at 3.75%. The rate for 61 to 90 days is 4%, for 91 to 120 days the rate stands at 4.25% and it is 5.25% for 181 to 210 days. Further, the rate for 211 to 269 days is 5.50%, for 270 days to 364 days it is 5.75% and stands at 6.50% for 1 to 5 years. Further, the rate for long tenure of 5 to 10 years stands at 6.25%.
    • 2020-01-15 : IndusInd Bank Q3 net profit rose by 32%
      Private sector IndusInd Bank reported an increase in profit by 32% to Rs 1300.20 crores for the 3rd quarter of the current financial year. In addition to this, total income for Q3 rose by 25.4% to Rs 9073.93 crores and net interest income increased by 34% to 3074 crores. Total deposits rose to ₹2,16,713 crore in December quarter due to an increase in fixed and recurring deposits
    • 2019-10-31 : IndusInd Bank gains 52% year-on-year profit in Q2
      IndusInd Bank declared a rise in its net profit by 52%, landing it at Rs 1400.96 crores. The private sector lender reported a deterioration in its asset quality due to its gross non-performing assets shifting to 2.19 percent from last years records of 1.09 percent. The bank performed well in terms of investments like deposits that rose to 23.17% to Rs 2.07 trillion.
    • 2019-07-18 : IndusInd Bank witness growth in vehicle loans and CASA deposits
      Private sector lender, IndusInd Bank has posted a 38 percent rise in its net profit to Rs. 1,433 crores for the June quarter, primarily on account of an increase in total income. Also, it has received a significant growth across its vehicle loans, corporate loans, fixed deposits, and savings bank account, which grew by 25% this year.
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
    Loader
    Please wait while your information is being processed...