IndusInd Bank Domestic Term Deposits FD

What is IndusInd Bank Domestic Term Deposits FD?

IndusInd Bank offers its customers the Domestic term deposit FD scheme, which comes with a  fixed interest rate for a period ranging from 7 days to 10 years. Customers can select their preferred tenure and interest payout frequency. This scheme offers higher interest rates upon return in comparison to other schemes. The IndusInd Bank Domestic Term Deposit FD benefits investors looking to acquire higher interest on their investments.

Eligibility Criteria for IndusInd Banks Domestic Term Deposits FD

The applicant must also have an IndusInd Bank savings or current account or be willing to open one when the Term Deposit account is opened.

Corporate entities such as corporations, partnership firms, and trusts can also open Term Deposit accounts with IndusInd Bank. They must, however, submit additional documents such as an incorporation certificate, a partnership deed, or a trust deed, as well as valid identification proof for authorised signatories.

Documents Required to Open an IndusInd Banks Domestic Term Deposits FD

A few essential documents are required to open an IndusInd Bank Domestic Term Deposit account. A valid identification proof, such as –

• Aadhaar card
• PAN card
• Passport
• Voter ID or any other government-issued identity proof.

Proof of Address

• Rental Agreement
• Utility bill -Electricity, Gas, telephone bill etc.

Key Attractions for IndusInd Banks Domestic Term Deposits FD

IndusInd Banks Domestic Term Deposits FD has some key benefits for customers. These include-

• Tenure options range from 7 days to 10 years,
• Flexible interest payout frequencies include monthly, quarterly, half-yearly, or annual.
• Higher-than-average interest rates on savings accounts make them a popular investment option for customers seeking higher returns on their savings.
• The bank also allows you to open a Term Deposit account online using its Internet or mobile banking services.
• Customers can also choose automatic renewal options for continuous investment.
• The bank provides loans against Term Deposit accounts, allowing customers to meet their immediate financial needs without jeopardising their investments.

Features and Benefits of IndusInd Banks Domestic Term Deposits FD

Customers can use various features and benefits with IndusInd Banks Domestic Term Deposits FD. These include-

• The guaranteed rate of return for a set time gives stability and security to their investments.
• The bank provides various tenure options ranging from 7 days to 10 years, with flexible interest payout frequencies that can be selected at the customer’s discretion.
• Customers can earn higher returns on their savings by taking advantage of the bank’s competitive interest rates, which are higher than those offered by regular savings accounts.
• IndusInd Bank also allows opening a Term Deposit account online, allowing customers to invest from the comfort of their homes.
• In addition, the bank provides automatic renewal options and loans against Term Deposits.

How to Apply for IndusInd Bank Domestic Term Deposits FD

Customers can apply for IndusInd Banks Domestic Term Deposits FD in various ways.

• They can go to their nearest IndusInd Bank branch and submit the necessary documents and a completed application form.
• Customers can also apply online using the bank’s Internet banking or mobile banking services, which provide a quick and easy way to open and manage Term Deposit accounts.
• Customers must log in to their IndusInd Bank net banking or mobile banking account and select the Term Deposit option to apply online.
• After selecting the tenure, interest payout frequency, and investment amount, they can confirm the application.
• After that, the bank will verify the customer’s information and open the Term Deposit account. Customers can also contact the bank through other channels, such as by phone.