Recurring Deposit (RD)|IndusInd Bank Fixed Deposit Rates-– Interest Rate, Calculator & Benefits

Fixed Deposit Details

Bank Name

IndusInd Bank

Eligibility

Individuals and non-individuals.

Interest Rate

7.75% per annum

Tenure

12 to 120 months.

Fixed Deposit Type

Recurring

Recurring Deposit (RD)

Tax Benefits

Credit Ratings

AA+ Crisil and ICRA

Interest Payment Frequency

At maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.

Cummulative/Non-Cummulative

Cumulative

Features

• The minimum deposit amount is Rs 1000.
• The maximum deposit amount is 3 crore.

Minimum Investment Amount

1000

Features & Benefits

Pros

• The minimum amount required to open an RD is ₹1000.
• The maximum deposit can be made of up to 3 crores.

Cons

• No tax benefits.

Pros & Cons

How to Open?

1. Online:

• Visit the IndusInd Bank website or app.
• Log in to your existing IndusInd Bank account.
• Look for the "Fixed Deposit" or "FD" option.
• Choose the desired deposit amount and tenure.
• Provide the necessary details and submit the application.

2. Visiting a Branch:

• Locate an IndusInd Bank branch near you.
• Visit the branch with the required documents, which may include: Identity proof (e.g., Aadhaar card, PAN card) Address proof (e.g., utility bill, passport)Income proof (may be required for higher amounts)
• Fill out the necessary application forms.
• Submit the required documents and deposit the desired amount

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