Fixed Deposit Details
Bank Name
Induslnd Bank Ltd
Eligibility
All Resident Individual Savings Account and Current Account holders can open an IndusInd Bank Deposit Plus Account (Not available for minors)
Interest Rate
6.75 % Rate of Interest*
Tenure
7 days to 120 Months
Fixed Deposit Type
Deposit Plus FD
Indus Deposit Plus Account
Tax Benefits
Credit Ratings
CRISIL A1+ (Reaffirmed)
Interest Payment Frequency
Monthly, quarterly, half-yearly, yearly or at maturity.
Cummulative/Non-Cummulative
No information provided
Features
The potential of enjoying higher returns through investment in market-linked instruments. The principal amount is invested into a fixed deposit and the interest earned from it will be invested in a Mutual Fund through a Systematic Investment Plan (SIP), ensuring capital protection. The monthly interest earned from your deposit is credited into CASA and is invested in SIP through a simple auto-debit instruction. Return earned from equity-linked SIP is tax-free if redeemed after 1 year, helping you save more. Benefit from “Rupee Cost Averaging” as the regular investment counters the volatility of the equity market. Multiple SIP Schemes to choose from Choose and assign your nominee Avail overdraft facility against Fixed Deposit Pre-mature encashment of your Term Deposit is also permitted
Minimum Investment Amount
2,25,000 Minimum deposit
Features & Benefits
Pros
- Higher potential returns
- Tax benefits
- Capital protection
- Convenience
Cons
- Limited liquidity
Pros & Cons
How to Open?
- Online Banking (for existing IndusInd Bank customers):Visit the IndusInd Bank website https://www.indusind.com/in/en/personal.html . Login to your NetBanking account. Look for the "Fixed Deposits" or "Investments" section. Choose "Indus Deposit Plus" or a similar option for opening a new FD. Enter your preferred deposit amount and tenure. The bank will pre-fill your details based on your existing account. Verify and submit the application.
- Branch Visit (for existing or new IndusInd Bank customers):Locate your nearest IndusInd Bank branch https://www.indusind.com/in/en/personal/locate-us.html . Visit the branch and request an Indus Deposit Plus account opening form. Fill out the form with your details including name, address, contact information, PAN, nominee details, etc. Provide your preferred deposit amount and tenure. Decide how you want to receive interest payouts (monthly, quarterly, or on maturity). Submit the completed form along with the required documents and your deposit amount (cash or cheque).
Product Review
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