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    • Why count currency when you can count experiences with a Multi-currency Forex Card

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    • We shrank the bank to fit your phone. Access a suite of banking services on the go

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    • IndusSmart is an online Mutual Fund platform by IndusInd Bank to help its account holders learn, invest and plan for their investment goals.

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FD Investment: A Safe Investment Plan with High Returns

Fixed deposits (FDs) have maintained their credibility as a secure financial instrument, standing resilient against the evolving landscape of investment opportunities. Balancing safety with attractive returns, FDs continue to be a preferred choice for investors seeking stability in their portfolios. In this blog, we will explore the various facets that make FD investments a rewarding option for individuals looking for both safety and high returns.

1. The Security of Fixed Deposits:

FDs are renowned for their safety, making them an ideal choice for risk-averse investors. When you opt for a fixed deposit, you deposit a certain amount with a financial institution for a predetermined period. In return, you receive a fixed interest rate on your investment. The key advantage here is the security of your capital, ensuring that you not only preserve your initial investment but also receive it back with accrued interest at the end of the tenure. Fixed depositsoffered by banks are also regulated by the Reserve Bank of India (RBI), adding another layer of assurance for the investor.

2. Predictable Returns:

The predictability of returns is a significant draw for investors considering FDs. Unlike the volatility associated with the stock market, FDs offer a fixed interest rate, providing investors with a clear understanding of the returns they can expect. This predictability is particularly beneficial for those who rely on stable income streams and wish to avoid the uncertainties linked to market fluctuations.

3. Attractive Interest Rates:

While safety is a cornerstone of FDs, they also offer competitive interest rates, especially when compared to standard savings accounts. Financial institutions often offer higher fixed deposit interest rates. Investors can explore different tenures and options to find the right mix that aligns with their goals—balancing safety with attractive returns.

4. Diversification of Investment Portfolios:

FDs play a crucial role in diversifying an investment portfolio. Allocating a portion of your portfolio to fixed-income securities like FDs can help balance the overall risk and return profile of your investments. This diversification strategy becomes particularly valuable during times of market volatility, providing stability to your investment portfolio.

5. Tax Efficiency:

FDs come with tax benefits, enhancing their appeal for investors looking to reduce their tax liabilities. Under Section 80C of the Income Tax Act, the amount invested in FDs with a tenure of five years or more is eligible for deduction up to a specified limit.

6. Capital Preservation:

Preserving their capital, while earning steady returns on investment is a primary concern for many risk averse investors, and FDs excel in this aspect. With the assurance of getting back the principal amount at the end of the tenure, investors can rely on FDs to safeguard their capital while earning a reasonable return. This makes FDs particularly appealing for those who prioritise capital preservation over aggressive wealth accumulation.

In conclusion, fixed deposits stand out as a compelling investment option, offering a blend of safety and returns. For those seeking a seamless and efficient experience, IndusInd Bank stands out as a noteworthy choice. IndusInd Bank’s fixed depositsprovide investors with hassle-free instant booking, high interest rates, and flexible options for interest payment. Experience best-in-class interest rates and the convenience of opening a fixed deposit online in just three easy steps with your PAN and Aadhaar details.

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.

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Registration of FASTag for your Vehicle: Step by Step Guide

FASTag is transforming the way we pay tolls on the highways, making the entire process cashless, quick, and convenient. Affixed on the windscreen of your vehicle, it employs Radio Frequency Identification (RFID) technology to enable the automatic deduction of toll charges. The Indian government has now made the FASTag a mandatory requirement for toll payment across national and state highways, keep reading to find out how you can buy FASTag onlineand in person.

Steps for Easy and Instant FASTag Application

If you want to apply for a FASTag through a bank or point-of-sale, you can do so by following the instructions listed below:

Step 1:  Visit the Official Website or Outlet

Firstly, you can buy a FASTag online by visiting the official websites of authorised financial institutions that are part of the National Electronic Toll Collection (NETC) initiative. Alternatively, you can also purchase it from designated toll plazas and certified bank branches/Partners.

Step 2:  Complete the KYC Process

For the application process you would need your KYC documents that include ID proof, address proof, and your vehicle’s Registration Certificate (RC). Upload or present these documents as per the application method you are using.

Step 3:  Choose a Prepaid Account

When you apply for a FASTag, it is linked to a prepaid account from which the toll charges will be deducted. Select the type of prepaid account you prefer and initiate the first recharge to activate the FASTag.

Step 4:  Pay the applicable Fees

Pay the applicable fee details which consist of Tag cost, Security Deposit & First Time wallet Load, once the payment is successful the details are verified at bank end and Tag is dispatched.

Step 5:  Receive and Affix the Tag

Once your application is processed, you will receive the FASTag sticker that needs to be affixed on the front windscreen of your vehicle. The tag will be activated and ready for use once it is properly placed.

The FASTag Advantage

Real-time SMS alerts for all your toll transactions, a FASTag is more than just a simple toll payment system—it is your gateway to seamless, hassle-free journeys.

Sail Smoothly Through Highways with FASTag

Registering for a FASTag is not merely about complying with a government mandate; it is about investing in uninterrupted and stress-free travel. The seamless process equips you with a tool that modernises your road trips, and is a step towards making our environment less polluted and our transactions more transparent. You are not just another vehicle on the road; you are a responsible traveller who values time and convenience.

So, this time when you plan a long drive, do not let toll booths slow you down. Get yourself an instant FASTag, apply today and enjoy a seamless journey!

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.


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What Is the Best Way to Get an Online Loan Against Property

Summary: The growth trajectory of the loan against property sector in India reflects a growing awareness about the benefits of leveraging one’s property for financial requirements. Hasten your loan against property journey by taking advantage of IndusInd Bank’s online application process. 

Technological progress has ushered in a generous measure of convenience in every aspect of our lives. Banking processes too have undergone a revolutionary transformation, not only making financial transactions easier but also offering services like loans at the click of a button. As we embrace digitalization, the cumbersome paperwork that once defined the loan against property (LAP) process is now giving way to a more customer-centric approach. The lending process is significantly more efficient, leading to a seamless digital experience for every customer from start to finish.

Understanding a Loan against Property

A loan against property as the name suggests, is a secured loan where you pledge your property, commercial or residential, as collateral in exchange for a loan amount. The key advantages of a LAP include lower interest rates compared to unsecured personal or business loans, extended tenures, and a larger sanctioned amount. As a property owner, taking out a LAP is a convenient way to acquire funds for business expansion, emergency needs, or debt consolidation.

The best way to get an LAP online is to ensure you meet the loan against property eligibility criteria and compile the required documentation before applying. IndusInd Bank offers its customers enhanced convenience with its online application process.

Loan against Property Eligibility Criteria

The following constitution borrowers are eligible

Private Limited Companies

  • Closely held Public Ltd Companies that are not listed on any stock exchange
  • Partnership firms
  • Individuals and Proprietorship concerns
  • Limited Liability Partnership
Salaried IndividualsSelf Employed Professionals/Non-Professionals
Those employed permanently in any Government/Semi-Government undertaking, Public Sector Enterprise, MNC, listed Public Limited company, or well-known private limited company which are CRISIL rated minimum BB+ OR have a turnover over 50 Cr., NRIs Architects, Chartered Accountants, Cost Accountants, Company Secretaries, Chartered Financial Analyst, Doctors, BDS, D.O.M.S, Masters in Business Administration (MBA, PGDM, MMS)and Engineers.
The minimum age must be 21 years. At the time of loan maturity, maximum age is restricted to 65 years or retirement age,whichever is lowerThe minimum age requirement is 21 years / 18 years  At the time of loan maturity, maximum age to be 70 years / 75 years depending on Income criteria..
 Any individual who files Income Tax returns can apply.

Documentation Requirements

To initiate the process of taking a loan against property, the following documents need to be submitted:

Individuals Non-Individuals
Application form Application form with photograph
KYC Documents Valid identity/Residence/Signature proof
Proof of Income Last 3 months’ salary slips / salary certificate and latest form 16 of latest 2 years/ITR copy/appointment letter/Bank Statement reflecting Salary credits 2 years of financials along with full schedules & audit report (Form 3CD & 3CB). Financials to be audited for T/O > 40 /60 Lakhs or else should be CA certified. Latest 2 years ITR
letter/Bank Statement reflecting Salary credits should be CA certified. Latest 2 years ITR
Bank Statement Latest 6 months bank statements of your main CA/SA/CC/OD account
Property documents Copy of property documents
Processing fee Processing fee cheque Processing fee cheque

Why Opt for an IndusInd Bank Loan against Property

Benefits of an IndusInd Bank loan against property:

  • Hassle-free application process, with quick disbursal time 
  • Flexible tenures for repayment, ranging up to 20 years
  • Convenience of doorstep service
  • Balance transfer option
  • Overdraft facility

How to apply for a loan against property at IndusInd Bank:

  • Head to the loan against property page on IndusInd Bank’s website
  • Select the ‘Apply Now’ option and fill out the form with your name, contact number, email ID, and place of residence.
  • You will receive an interaction ID. A bank representative will reach out to guide you through the next steps in the loan process.

In Conclusion

As you navigate the digital realm for your loan requirements, reap the benefits of an online loan against property with IndusInd Bank for a smoother application process. Apply today.

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Procedure to open an NRE account online

(Please ensure to use the Apply Now, Apply Today , Apply today with IndusInd Bank Call-To-Action
A Non-Resident External account is a type of bank account that can be opened by Non-Resident Indians
NRIs to manage their earnings and investments in India. The process of opening an NRE account online
is quite simple. The advantages of an NRE account include the following:

  • Tax-free interest income.
  • Easy repatriation of funds.
  • No currency conversion risk.
  • The ability to hold funds in Indian rupees.

NRE accounts can be used for depositing income earned outside India, such as salaries, rent, or
dividends. They also offer high liquidity and flexibility, allowing NRIs to make investments or payments
in India.
This blog will let you know about the uncomplicated way to open an NRE account online. So, read below
and apply now to open your NRE account: –

Choose a Bank that Suits Your Needs

The first step is to choose a bank that offers online NRE account opening services. Select the bank that
provides the most suitable NRE account for your needs. With so many banks offering NRE accounts, it’s

crucial to compare each account’s features, benefits, and charges to make an informed decision. Many
banks in India offer this service, including IndusInd Bank, HDFC Bank, ICICI Bank, SBI State Bank of
India, Axis Bank, and more. You can call their customer care, walk into any branch, or check online to
find answers to your queries.

Visit Your Favoured Bank’s Website

Once you choose your favourable bank, you should visit the website to compare the features, benefits,
and charges of NRE accounts offered by different banks and choose the one that best suits your needs.
Apply to open your NRE account online only after this research.

Fill in the Application Form

After the first two rigorous steps, your work is more accessible now. You must click on the “Open NRE
account” and complete the application form. You must provide your personal details – name, DOB,
address, email ID, phone number, passport details, occupation, income, etc.

Upload the Required Documents

All the documents supporting your details in the application form must be provided now. The
documents typically required to open an NRE account online include a scanned copy of your passport,
visa, overseas address proof, passport-sized photograph, etc.

Fund Your Account

After you apply for an NRE account online and present your documents, the bank will verify each of
them minutely and upon confirmation, your NRE account will be ready. You can transfer funds to your
new NRE account using wire transfer or online banking services. For the fastest NRE account opening
services, apply with IndusInd Bank today.
To summarise, the process of opening an NRE account online offers NRIs a hassle-free option for
managing their finances while abroad. Thanks to technology, this process can be completed in just a few
minutes from the comfort of your own home or office. By following the steps outlined in this blog, you
can easily open an NRE account and begin taking advantage of the many benefits it provides.
Nevertheless, it’s crucial to review the terms and conditions of the bank you choose and make sure you
have all the necessary documents ready before starting the application process.

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Tips on How to Recharge FASTag in 3 Different Ways

Summary:  Mandated by the Indian government, FASTag simplifies toll payments, saving precious time and fuel for commuters. To ensure your wallet has sufficient funds for toll payments, recharge your FASTag online and offline with IndusInd Bank in three simple ways. If you do not own a FASTag, apply through IndusInd Bank’s official portal for smooth journeys across India’s highways.

 Introduced in 2014, FASTag has revolutionised the collection of toll payments across highways in India. This nifty electronic toll collection system enables drivers to pass swiftly through toll plazas without the hassle of cash transactions. As the vehicle approaches a toll plaza, an electronic reader scans the tag to automatically deduct the applicable amount from the linked wallet. Not only does this accelerate the toll collection process, but it also reduces traffic congestion, and facilitates a seamless travel experience for commuters. 

Owing to FASTag’s success over the years, in 2021, the Indian government mandated its use for all four-wheelers, for payments at toll plazas across the country. If you do not have a FASTag affixed to your vehicle, you must pay double the toll amount as a penalty.

After purchasing your tag, you only need to recharge it as per usage.

Three Ways to Recharge FASTag

Your FASTag is linked to a rechargeable prepaid account, which allows for quick digital payments at toll plazas. This easily accessible account stores all the details of toll transactions and balance usage. However, insufficient funds in your account can cause unnecessary hassles and delays at the toll plaza. Thus, it is wise to keep your account recharged ahead of road journeys.IndusInd Bank’s FASTag program is a part of the National Electronic Toll Collection NETC initiative rolled out by the National Payments Corporation of India NPCI. IndusInd Bank offers three easy ways to allow for instant onlineFASTag recharge:

1. Online FASTag Recharge

You can recharge your FASTag account online through IndusInd Bank’s online FASTag portal using debit cards, credit cards, net banking, and other payment modes.. The maximum limit is INR 1 lakh for full-KYC accounts, and INR 10,000 for limited-KYC accounts. Follow these steps for instant FASTag recharge:

Step 1: Log onto the official portal using your registered mobile number and password/OTP.

Step 2: Select ‘Wallet Recharge /Wallet Recharge via UPI’  In home page

Step 3:  Click add money and enter the amount and select the payment option

Step 4: Enter the required details and complete the payment

On successful payment, you will receive a FASTag recharge confirmation message on your registered email ID and mobile number.

2. AUTO Recharge

Login to IndusInd FASTag customer portal.

Click on ‘Auto Top Up setting’ 

Enter required details and set up auto recharge 

Only applicable for customer having IndusInd bank account.

3. Bank Authorized Partners

Another way to recharge your FASTag is to visit a Point of Sale (POS) location near toll plazas. The partner  at the location will guide you through the process.

4. BBPS

  • Recharge FASTag wallet using Bill Payment section in IndusMobile app or any other app.
  • Select biller name as ‘IndusInd Bank FASTag’ under ‘FASTag’
  • Enter the registered vehicle number & amount which need to be recharged
  • Upon successful payment the amount shall be credit to your FASTag wallet

5. UPI

  • Recharge your FASTag using via any apps like BHIM/Google Pay/PhonePe etc
  • Use UPI ID as NETC.VehicleNumber@Indus for example if your registered vehicle number is AB12CD1234 then use NETC.AB12CD1234@Indus as your UPI ID to load your FASTag wallet
  • Enter the amount you want to recharge; enter the UPI PIN
  • All successful transactions shall be credited to wallet immediately

Travel Non-stop with IndusInd Bank

By automating toll payments, FASTag has eliminated congestion at toll plazas, reduced highway commute time and improved fuel efficiency. With a FASTtag affixed on your vehicle’s windscreen, you can enjoy uninterrupted journeys and experience convenience as you bid goodbye to long queues at toll plazas across India.  With IndusInd Bank, you can recharge your FASTag account through three easy ways. If you do not already have a tag for your vehicle, apply today through IndusInd Bank’s official FASTag portal for smooth journeys across India’s highways.

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