Product 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
No
Credit Ratings
AA+ Crisil and ICRA
Interest Payment Frequency
At maturity
Cummulative/Non-Cummulative
Cumulative
Features
The minimum deposit amount is Rs 1000.
The maximum deposit amount is 3 crore.
Minimum Investment Amount
1000
Fees and Charges
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
Account Opening and Procedure
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
Application Procedure
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