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IndusInd Bank Bulk Term Deposits FD
The Indusind Bank Domestic Bulk Term Deposits tenure ranges from min 7 Days to max 5 Year 1 Months . The ROI ranges from 4.90% to 7.35 % for the general public. The lock-in period for this scheme is 5 Year
Indusind Bank Domestic Bulk Term Deposits Scheme for amount ranging from ₹ 2.0 Cr to ₹ 5.0 Cr
The rate of interest for deposited amount ranging from ₹ 2.0 Cr to ₹ 5.0 Cr is as below
Tenure | Interest Rate for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
|---|---|---|
| 7 Days Upto 14 Days | 4.90% p.a. | 5.55% p.a. |
| 15 Days Upto 1 Months | 5.00% p.a. | 5.65% p.a. |
| 1 Months 1 Days Upto 1 Months 15 Days | 5.50% p.a. | 6.15% p.a. |
| 1 Months 16 Days Upto 2 Months | 5.75% p.a. | 6.40% p.a. |
| 2 Months 1 Days Upto 3 Months | 6.25% p.a. | 6.90% p.a. |
| 3 Months 1 Days Upto 4 Months | 6.75% p.a. | 7.40% p.a. |
| 4 Months 1 Days Upto 6 Months | 6.90% p.a. | 7.55% p.a. |
| 6 Months 1 Days Upto 7 Months | 7.00% p.a. | 7.65% p.a. |
| 7 Months 1 Days Upto 8 Months 29 Days | 7.00% p.a. | 7.65% p.a. |
| 9 Months Upto 11 Months 24 Days | 7.10% p.a. | 7.75% p.a. |
| 11 Months 25 Days Upto 1 Year | 7.10% p.a. | 7.75% p.a. |
| 1 Year Upto 1 Year 6 Months 2 Days | 7.35% p.a. | 8.00% p.a. |
| 1 Year 6 Months 2 Days Upto 1 Year 7 Months 2 Days | 7.20% p.a. | 7.85% p.a. |
| 1 Year 7 Months 2 Days Upto 2 Year | 7.20% p.a. | 7.85% p.a. |
| 2 Year Upto 2 Year 6 Months 2 Days | 7.20% p.a. | 7.85% p.a. |
| 2 Year 6 Months 2 Days Upto 2 Year 9 Months 3 Days | 7.20% p.a. | 7.85% p.a. |
| 2 Year 9 Months 3 Days Upto 5 Year 1 Months | 7.10% p.a. | 7.75% p.a. |
| 5 Year 1 Months 1 Days Upto | 7.00% p.a. | 7.65% p.a. |
Key features of Indusind Bank Domestic Bulk Term Deposits Scheme
Summary of Indusind Bank Domestic Bulk Term Deposits Scheme features :
| Mutual Fund Schemes | Domestic Bulk Term Deposits |
| CRISIL Rating | AA+CRISIL Rating |
| Lock-in Days | 5 Year |
| Loan Against FD | NA |
| Pre-mature Withdrawal | -- |
| FD Nominee | -- |
| Tenure | 7 Days to 5 Year 1 Months |
| General Public | 4.90% to 7.35 % |
| Senior Citizen | 5.55% to 8.00 % |
| Amount | Rs.20,000,000 to Rs.500,00000 |
*Interest rates are subject to change at the discretion of the bank. These Interest rates are with effect from 10 November 2021.
What is IndusInd Bank Bulk Term Deposits FD
The IndusInd Bank Bulk Term Deposits FD is a fixed deposit scheme for corporate and institutional clients. This scheme provides attractive interest rates and flexible tenure options, making it an excellent investment option for large corporations and institutions. Moreover, the deposits are backed by IndusInd Bank’s credibility and stability, ensuring the safety and security of investments.
Eligibility Criteria for IndusInd Bank Bulk Term Deposits FD
The IndusInd Bank Bulk Term Deposits FD is designed for corporate and institutional customers. This scheme’s eligibility criteria may vary depending on the deposit amount, tenure, and other factors. Customers interested in investing in this scheme should contact their nearest IndusInd Bank branch or their customer service team for more information on the eligibility criteria. Generally, customers need to meet three essential criteria.
- The applicant should be a citizen of India.
- The applicant’s age should be 18 years or above.
- Valid government-issued KYC documents like Aadhar and PAN should be available.
Documents Required to open an IndusInd Bank Bulk Term Deposits FD
Depending on the deposit amount, tenure, and other factors, corporate and institutional customers interested in investing in IndusInd Bank Bulk Term Deposits FD may be required to submit specific documents. In general, the necessary documents include
Proof of Identity
- PAN Card
- Drivers License
- Aadhaar Card
- Senior Citizen ID (If applicable)
- Passport
Proof of Address
- Utility Bills (Electricity, Gas, telephone bills etc.)
- Bank statement along with a cancelled cheque
Key Attractions for IndusInd Bank Bulk Term Deposits FD
The following are the main benefits of IndusInd Bank Bulk Term Deposits FD:
- Customers can select from various tenure options to best suit their investment needs.
- Customers can withdraw their deposits before they mature, subject to applicable penalties.
- Customers can access their Bulk Term Deposits FD account online for easy investment monitoring and management.
Features & Benefits of IndusInd Bank Bulk Term Deposits FD
The followings are the features and benefits of IndusInd Bank Bulk Term Deposits FD:
- Customers can choose from various tenure options ranging from 7 days to 10 years, depending on their investment objectives.
- Customers can invest a minimum of Rs.1 crore in this scheme, making it an ideal investment option for corporate and institutional clients.
- Safety and security: The deposits are backed by IndusInd Bank’s credibility and stability, ensuring the safety and security of investments.
How to Apply for IndusInd Bank Bulk Term Deposits FD
Customers can apply for IndusInd Bank Bulk Term Deposits FD by following the steps below:
- Contact the nearest IndusInd Bank branch or relationship manager to learn more about the scheme’s features, interest rates, and tenure options.
- Provide required documents, such as identity proof, address proof, PAN card, and KYC details.
- Fill out the application form and submit it with the required documents.
- Once the application is approved, the deposit amount can be transferred to the bank via NEFT/RTGS or check.
- After completing the application process, the customer will receive a confirmation message from the bank.
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Frequently Asked Questions
What is the current FD rate of IndusInd Bank?
The current (2023) FD interest rate offered by IndusInd Bank is 7.75% p.a., and for senior citizens, the rate offered is 8.25% p.a.
