Are you looking for an attractive combination of safety and competitive interest rates on your fixed deposit (FD)? At IndusInd Bank, we bring you fixed deposits that grow your money and reward you with a world of benefits. With returns of up to 6%, we give you one of the highest interest rates on a fixed deposit. But, that’s not all! There are plenty of reasons to invest in an FD scheme by IndusInd Bank.

Curious? Read on to learn more.

Why Should I Open an FD Account with IndusInd Bank?

When you open an FD account with IndusInd Bank, you receive one of the highest interest rates on a term deposit! In fact, senior citizens get even higher interest rates on their FD.

Choose from a variety of fixed deposit schemes designed to meet your saving and investment needs. Get flexible interest payments according to a schedule of your choice – monthly, quarterly, semi-annually, annually, or at maturity. You can choose to receive the payment either in your savings or your current account.

Apart from offering a high interest rate, our FD schemes allow for premature withdrawals. With us, you can auto-renew your FD, as well as change in nominee details. Given that staying at home is critical these days, you don’t need to visit our branch to create or change your FD account. We offer our services over phone banking and internet banking (Indusnet).

Further, you don’t need to open a savings account with us to create an FD account. You can simply provide our representatives with a savings account number where you want your money transferred on maturity or even premature withdrawals.

All you need is Rs. 10,000 to open a fixed deposit account with us! What’s more, we offer a variety of tenures for you to choose from. You can make an ultra-short FD of just 7 days or go the full term up to 120 months.
Last but not least, it only takes 2 working days to verify all your documents and open your fixed deposit account with us. Of course, this duration is subject to payment realisation. And, you can claim your IndusInd Bank FD for a tax benefit of up to Rs. 1,50,000 under Section 80C.

Eligibility Criteria for Opening FD Account

● You should be an Indian citizen.
● You should be 18 years of age.
● You should have your KYC documents ready.

Documents required for IndusInd Bank FD Account

Opening an FD with us is incredibly easy, and you can do it with minimal paperwork. Here are the documents you need:

● Proof of Identity: Aadhaar Card, Driving license, PAN card, Senior Citizen ID card (for senior citizens), Passport (any 1).

● Proof of Address: Mobile phone bill, electricity bill, bank statement along with a cheque leaf, Passport (any 1).

And, you are done! When opening an FD account online, you can simply upload these documents on our portal.

How to Open FD Account Online with IndusInd Bank?

With us, you can open an FD account online in just three simple steps –

● Log on to our website by clicking here and then fill out the application form.
● Figure out the tenure that is best suited to you, and then authenticate yourself.
● Finish the application and transfer the funds electronically to create your FD.

You can open an FD account with us in a matter of minutes by applying online!

The Bottom Line

For countless Indians, a fixed deposit is a priority investment. We understand that and give you the power to make your money work for you!

Invest in IndusInd Bank’s fixed deposit schemes and have your expectations exceeded with our attractive interest rates and a plethora of benefits.

To know more, reach out to us today!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

Setting up a monthly budget is one of the best things you can do for your financial health. A budget is a potent financial tool that can help you spend wisely, save for future goals, reduce inessential spending, and plan for emergencies.

A failing budget, however, can leave your finances in a mess. Stagnated savings, futile debt repayment efforts, accumulating debts, etc. indicate a broken budget. If you struggle to meet expenses every month, don’t be disheartened.

In this article, we give you some practical tips on how you can fix your failing budget with an IndusInd Bank savings account.

Prioritise Saving

If your budget regularly comes crashing down, you might be tempted to reduce monthly savings so you can meet your expenses. Don’t yield to this temptation; always prioritise savings. They help you in times of emergencies and achieve short-term goals. Moreover, you always need to have an emergency fund in place with typically three to nine months of your expenses.

So, how do you make sure you save each month? Open a savings account online at IndusInd Bank and set up an e-mandate to automate some part of the process. You will also earn a good interest rate of up to 5% on your deposits!

Set a Realistic Budget

Setting a budget helps you to pay for food, healthcare, insurance, debts, recreation, etc. without completely exhausting your balance. However, you might be setting unrealistic expectations.

If you see your budget collapsing, keep it simple. You can try different budgeting methods and choose what fits you best. Set goals according to your income. But, if you don’t want to worry about maintaining sufficient cash at all times, open a zero balance savings account at IndusInd Bank.

This way, you can start saving without worrying about maintaining a minimum balance. Moreover, you will get free RTGS/NEFT/UPI/NEFT transactions on net and mobile banking, using which you can track your budget.

Actively Track Your Spending

You must know your spending style before you can budget effectively. Being unaware of what the items that make up the most of your expenses is why many fail to budget properly.

Keep an account of your monthly expenses. Also, allocate a specific amount to your savings every month. Additionally, you need to curb your impulse purchase habits and instead spend your hard-earned money wisely.

With an IndusInd Bank savings account, you can track your transactions and balance on the go through net banking and mobile banking. Besides, you can view detailed account statements online to stay updated on your finances. In fact, we also offer WhatsApp banking to make it even easier for you to view transaction history and to keep an eye out on spending.

Get Your Budget on Track with an IndusInd Bank Savings Account

As life goes on, your priorities, expenses and income will keep on changing. So, you need to revisit your budget every once in a while. Actively organise your budget into three sections – savings, wants, and needs.

At IndusInd Bank, we offer different types of savings accounts to meet your unique requirements. With our savings account, you enjoy multiple benefits including WhatsApp transaction alerts, sweep FD facility, rewards on spending, and cashback and discounts on travel, entertainment, and shopping.

So, what’s stopping you? Open a savings account online at IndusInd Bank today and start building good financial habits.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

Present times are challenging both socially and economically, which is why keeping safe and carefully managing your finances takes precedence over other matters. What you do with your disposable income today is a far more critical decision than before.

One of the finest financial instruments available to millions of Indians for decades now is a Fixed Deposit or FD account. Lately, this medium for safe savings has not returned great interest rates. But, that has now changed with the IndusInd Bank, offering a whopping 6% interest rate on their Fixed Deposits (FD). Their FD rate for senior citizens stands at 6.5%.

Now that we have your attention, here is how you can open FD account online with IndusInd Bank.

Before moving ahead with this process, know that if you are a new customer, you do not need a savings account with the bank to register a Fixed Deposit (FD) here.

● Log on to the bank’s official landing page by clicking here https://www.indusind.bank.in/in/en/personal/deposits/fixed-deposit.html

● On this page, you will find all the relevant information about the IndusInd FD account, including interest rates, fine print, tenures, FD calculator and other features.

● On the top right side of the page, you will find a button that says “Apply Now”.

● Click on it, and you will be redirected to the next page, where you can fill out the amount you wish to deposit along with the tenure.

● After this step, you will need to fill and submit an online form.

● Once you have registered a request, an IndusInd representative will contact you to pick up your KYC documents.

● After successful verification, the bank will open your Fixed Deposit (FD) account.

Why Choose IndusInd Bank’s Fixed Deposit?

IndusInd Bank offers one of the highest FD interest rates in the country. At 6.5%, your returns not only match inflation but supersedes it. This is not all! Opening online FD account with IndusInd Bank comes with various other benefits such, as:

● You can choose from a wide array of tenures. IndusInd Bank allows its customers to select deposit lock-ins from 7 days to 10 years!

● Your funds remain handy as you can withdraw them prematurely in case of an emergency.

● You can conveniently link your savings account with the FD account for easy transfers.

● If you don’t want to keep a significant amount locked into one Fixed Deposit, the bank lets you create multiple small ones.

● A partial withdrawal facility is also available here.

● You can also open FD account online through their mobile phone application. If you wish to go to the bank and apply for an FD at the same rate, that option is at your disposal.

Eligibility Criteria

The IndusInd Bank Fixed Deposit is available to all Indian citizens above the age of 18.

Minors can also open this account with their parents or guardian(s).

There is a minimum amount cap to apply for this FD. If you are a new customer, the minimum amount stands at Rs 25,000. If you already have a savings or any other type of account, the minimum deposit amount is Rs 10,000.

Documents Required

Identity Proof – You can provide any 1 of the following as identity proof

● Aadhar
● Passport
● Driving License
● Pan Card
● Or any other government photo id.

Address Proof – You can provide any 1 of the following as address proof

● Telephone or other utility bills
● Passport
● Bank Statements along with a cheque.

Final Thoughts

So, as you can see, it doesn’t take much to open an FD account online with IndusInd Bank, but the rewards you reap are many. Start your smart saving journey with incredible FD interest rates by logging on to our website. To know more about our fixed deposit accounts, reach out to us today!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.