All posts by IndusInd Bank

The best travel experiences are often expensive. With a 100% paperless application process and instant approval, IndusInd Bank instant travel loans help borrowers inch closer to their travel aspirations. Plan your dream vacation with an instant travel loan and enjoy a flexible payment schedule, competitive travel loan interest rate, and speedy disbursal at IndusInd Bank.

There is nothing quite like a relaxing vacation to an exotic locale for enjoying a break from the daily grind. While some find comfort in adventure-filled holidays to popular spots, others seek refuge in the idyll of remote, offbeat destinations. Exciting or serene, the best travel experiences often come with a steep price tag.

If you are short on savings or simply don’t wish to dip into your emergency fund, choose a travel loan from IndusInd Bank. With IndusInd Bank instant travel loans, borrowers can embark on travel experiences without worrying about the associated expenses.

With a 100% paperless application process and instant approval, IndusInd Bank instant travel loans are ideal for planning unforgettable vacations.

You can also read: What Factors Influence Travel Loan Interest Rates and How to Secure the Best Rate for Your Travel Loan?

Easy travel loans at IndusInd Bank

IndusInd Bank’s travel loans are designed for those seeking memorable travel experiences in destinations far and wide. Borrowers can use the loan amount to cover various travel expenses.

You can also read: Using Personal Loans to Finance Travel and Adventures

How can you use your travel loan amount?

Some of the common travel expenses borrowers can use the IndusInd Bank instant travel loan amount for are:

Flights and transportation:

Finance the cost of airline tickets, car rentals, train tickets, and bus fares with your loan amount.

Accommodation:

Use the loan funds to pay for a hotel, hostel, resort, or rental property

Food:

Enjoy local meals, fine dining experiences, and nightlife outings

Activities and attractions:

Pay for entry fees to museums and monuments, for adventure activities, cultural events, entertainment shows, and concerts among others.

Travel Insurance:

Fund the expenses of travel insurance premiums to stay safe throughout the trip.

Souvenirs and shopping:

Make use of the loan to indulge in shopping and buy souvenirs

Visa and Documentation Fees:

Cover the fees associated with a visa or other documentation with your travel loan.

Features & Benefits of an IndusInd Bank Travel Loan

Instant personal loans for travel by IndusInd Bank come packed with a multitude of attractive features and benefits.

High loan amount:

IndusInd Bank offers loan amounts starting from as little as INR 30,000 to INR 5 Lakhs, allowing borrowers to fund every possible travel need.

Competitive interest rates:

Starting at just 10.49%, travel loan interest rates at IndusInd Bank are among the most competitive on the market, ensuring affordability for borrowers.

Flexible loan tenure:

You can choose a repayment tenure ranging from 1 to 4 years to suit your monthly budget and repayment capacity.

Collateral-free loan:

IndusInd Bank’s personal loans for travel are unsecured and don’t require collateral.

Easy online application process:

There is a completely paperless 4-step online application process designed to offer quick access to funds.

Instant loan disbursement:

IndusInd Bank offers instant travel loans with speedy disbursals. You need not visit the bank or submit any physical documentation.

IndusInd Bank: Making your travel dreams come true

Plan a trip to your favourite destination with an IndusInd Bank instant travel loan. As elucidated above, this widely popular financing solution comes with a high loan amount, flexible repayment schedule, and attractive travel loan interest rate – it has everything, in other words, to help you kickstart your journey towards remarkable travel experiences. So, why wait?

Take the first step towards an IndusInd Bank travel loan to begin your journey of a thousand miles! Apply 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.

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Credit Card

Diwali Shopping with the IndusInd Bank Legend Credit Card for Exclusive Rewards

September 21, 2023 IndusInd Bank Leave a comment

As streets and markets come alive on Diwali, this is the perfect time to shop for yourself and your loved ones. Use the IndusInd Bank Legend Credit Card for Diwali shopping and earn exclusive rewards on each spend. Redeem reward points through multiple options to shop more and save more. Apply for the IndusInd Bank Legend Credit Card and brighten up your Diwali festivities with a truly memorable shopping experience.

There is perhaps no Indian festival as spirited as Diwali. With vibrant hues and glittering fairy lights, our homes and cities come alive during the festival of lights. Diwali celebrations, however, are incomplete without shopping for yourself and your loved ones. New clothes, jewellery, electronics, or home décor items – this is the perfect time to indulge in a shopping spree as most retailers run attractive Diwali offers.

Use your IndusInd Bank Legend Credit Card at swanky malls or online stores for grand shopping experiences this Diwali. With this top-of-the-line credit card, customers enjoy exclusive rewards and privileges on premium luxury brands and elevated lifestyle experiences.

Indulge in a superior shopping experience this Diwali, and make your celebrations memorable with the IndusInd Bank Legend Credit Card.

Make Diwali Shopping Special and Earn Attractive Reward Points

Diwali is the perfect time to buy gifts, home accessories, apparel, jewellery and other items. If you have been eyeing a purchase for some time, this might also be an excellent time to capitalise on festive season discounts.

The IndusInd Bank Legend Credit Card is the perfect shopping companion for you this Diwali, rewarding you on every spend. Customers earn reward points on shopping, entertainment, and other transactions.

Weekday spends	INR 100 spent = 1 reward point
Weekend spends	INR 100 spent = 2 reward points

Considering a big-ticket purchase this Diwali? The IndusInd Bank Legend Credit Card offers 4,000 bonus reward points on high-value expenditures of INR 6 lakhs or more, within one year from the date of issue of the credit card.

Redeem Your Reward Points in Multiple Ways

IndusInd Bank Legend Credit Card offers multiple ways to redeem reward points, tailored to meet the unique preferences of users:

IndusMoments: An exclusive e-commerce platform by IndusInd Bank to redeem earned reward points on top brands.
Airline miles on InterMiles: InterMiles members can redeem reward points on their credit card on partner airlines.
Airline miles on Vistara: Club Vistara members can redeem reward points on their IndusInd Bank Legend Credit Card.
Cash Credit: Convert your reward points into cash credit to pay your credit card bills.
Pay with Rewards: Use your reward points to pay for your online Diwali shopping at select IndusInd Bank partner merchants.

Heighten Diwali Festivities with a Rewarding Shopping Experience – IndusInd Bank Legend Credit Card

Add an extra touch of joy to your Diwali with the unbeatable shopping experience offered by IndusInd Bank Legend Credit Card. With handpicked luxury brands, and a best-in-class rewards program, this credit card promises to make the festival of lights memorable for you. Earn reward points while ticking off items on your shopping list this Diwali!

To reap the benefits of the IndusInd Bank Legend Credit Card, apply online today.

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Investment

Navigating Senior Citizen Fixed Deposits: A Comprehensive Guide

September 20, 2023 IndusInd Bank Leave a comment

Summary: From higher interest rates and guaranteed returns to tax advantages, senior citizen fixed deposits provide a range of benefits for a stable financial path after retirement.

As people get closer to retirement, the way they manage their finances changes. While the income flow from jobs may decline, focus often shifts to finding ways to have a reliable passive income. One of the most dependable investment solutions designed for senior citizens is the “Senior Citizen Fixed Deposit.” This investment option offers safety and attractive returns that can be calculated using IndusInd Bank FD Calculator, ensuring a steady income post-retirement. Whether you are getting close to retirement, or making financial plans for a loved one, it is essential to understand the nuances of a senior citizen fixed deposit. This guide will give you the information you need to successfully negotiate the fixed deposit market.

What Is a Fixed Deposit for Senior Citizens?

A senior citizen fixed deposit is a type of investment created specifically for people aged 60 and above. It assists them in growing their savings, and can reduce their tax liabilities. This fixed deposit stands out because it provides higher interest rates than standard fixed deposits. This investment option is particularly beneficial for senior citizens with limited incomes who want to handle their finances responsibly.

Is a Senior Citizen Fixed Deposit a Smart Investment Option?

The following key features and benefits of senior citizen fixed deposits make them the ideal investment choice for individuals aged 60 or more:

Higher Interest Rates	Senior citizen FD rates are higher than standard fixed deposits, offering better returns.
Guaranteed Returns	Fixed deposits are a secure and reliable investment option that protect savings from market volatility. On maturity of the fixed deposit, guaranteed returns are credited to the account.
Flexible Tenure	Senior citizens can choose a flexible fixed deposit tenure ranging from seven days to ten years, based on their financial needs and goals.
Periodic Interest Payouts	Interest payments can be scheduled monthly, quarterly, or annually, enabling individuals to manage cash flow efficiently.
Loan against Fixed Deposit	These fixed deposits can be used as collateral to acquire loans for unforeseen expenses, giving instant access to funds without compromising the deposit.
Tax Benefits	Senior citizens can save money on taxes by investing in tax-saving fixed deposits with a five-year lock-in period, under Section 80C of the Income Tax Act 1961. They can claim a deduction of up to INR 1,50,000 annually.

IndusInd Bank’s Senior Citizen Fixed Deposit Account

IndusInd Bank’s senior citizen fixed deposits are tailored to meet the unique needs of citizens aged 60 years and above. Let us take a closer look at its benefits:

The account can be initiated with a minimum deposit of INR 10,000
Best FD rates for senior citizens, which are about 0.50% more than those offered to regular customers
Flexible tenure ranging between 7 days to 120 months
Nomination facility is available, to ensure a smooth transition of funds in the event of unforeseen circumstances
Convenience of premature closure offers flexibility to access funds when required

Steps To Open a Senior Citizen Fixed Deposit Account with IndusInd Bank

Click the Apply Now button on this webpage.
Register using your mobile number.
Provide your PAN card and Aadhaar card details for verification purposes.
Fill in essential personal details like name, date of birth, contact information, address, etc.
Enter the amount you want to deposit and complete the KYC through video verification.
Once your account is established, you can add funds and earn interest over time.

Take the first step to saving for retirement by opening a senior citizen fixed deposit account with IndusInd Bank. Apply online!

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Manage your Finance

How Can You Get Tax Benefits on Loan Against Property?

September 15, 2023 IndusInd Bank Leave a comment

On a rainy day, your first instinct may be to turn to your savings. But, what if your financial needs exceed the amount in your savings fund? In such a situation, your property can prove to be your biggest asset. With a loan against property, you may use your residential or commercial property as a mortgage and secure the funds you need.

A secured loan, a loan against property can be used to meet either business expenses or personal ones like education, wedding, and healthcare. Additionally, you are also eligible for tax benefits in certain events when you get a loan against property.

Tax Benefits on Loans Against Property

You can avail of tax benefits on a loan against propertydepending on how you use the loan amount:

If you are a salaried borrower and you use the loan amount to purchase a residential property, you are eligible for tax benefits under Section 24(B) of the Income Tax Act.
If you use the loan funds to meet business expenses, you can claim tax benefits under Section 37(1) of the Income Tax Act.

Do note that when you use the loan amount to fund your personal needs like marriage, education and medical uses, you are not eligible for any tax benefits.

Tax Benefits Under Section 24(B)

Under Section 24(B) of the IT Act, salaried individuals can claim tax deductions of up to Rs. 2 lakhs every financial year if the loan amount is used to fund a residential property purchase. Do note, the tax deduction is applicable only on the interest paid for the loan, and not to the principal amount.

To get the tax benefit, you must submit the necessary documents as proof while filing your tax returns. The papers should ascertain that the end use of the loan amount was to fund a residential property.

Tax Benefits Under Section 37 (1)

You can avail of tax benefits under Section 37(1) of the IT Act when you use the loan amount for business purposes. You can claim tax exemptions on the interest charges, processing fees, and documentation fees that you were charged in the event of acquiring the loan. You can claim these charges as business expenses to enjoy tax benefits.

Why Should You Opt for a Loan Against Property?

A loan against propertyis a convenient loan option; you do not need to sell your property or lose ownership to get the loan. You can, instead, unlock the hidden value of your property and get access to a considerable amount by mortgaging your property. You can use this amount to fund your business, purchase a new home, finance your children’s education, or take care of medical expenses.

Moreover, top banks and financial institutions today offer flexible loan repayment tenures for loans against property, extending up to 20 years. Apply for a loan against property online today to take care of your financial needs in a hassle-free manner.

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Fixed Deposit

Is It a Good Time to Invest in Fixed Deposits In 2023

September 14, 2023 IndusInd Bank Leave a comment

Summary: From guaranteed yields and flexible tenure to easy reinvestment, fixed deposits offer a range of benefits that make them the best investment avenue in 2023.

Investing your hard-earned money involves a systematic approach where you must strategise your investments, and make crucial decisions at key stages. In 2023, since the global economy is still in flux, investors are searching for safe and reliable investment options. If you have been wondering where to invest your money in 2023, fixed deposits (FDs) are one of the best options. Fixed deposits have been around for a long time and provide a secure way to grow your money. Keep reading to learn more about what makes fixed deposits a wise investment choice in 2023.

Advantages Of Investing in Fixed Deposits,

This table outlines the benefits of investing your hard-earned money in a fixed deposit:

Guaranteed Returns	Fixed deposit interest rates remain unchanged while your money is locked in. You can count on getting assured returns on your fixed deposit, which makes it easy to plan your financial goals. You can calculate the stable returns from a fixed deposit using the IndusInd Bank FD Calculator.
Flexibility To Withdraw Funds	Fixed deposits allow investors to withdraw funds before maturity in case of urgent financial needs, although there may be some nominal charges on premature withdrawals. However, tax-saving fixed deposits, with a five-year lock-in period, do not allow for premature withdrawal.
Flexible Tenure	You can choose the tenure of a fixed deposit. It could be anywhere from seven days to ten years.
Ideal For Short-Term Goals	If you are aiming for short-term financial goals, like buying a car or going on a vacation, fixed deposits provide a secure and reliable method to steadily accumulate money over time.
Loan Against FD	You can easily apply for a loan using the FD as collateral. The specific loan amount may differ from one bank to another, but you can access funds quickly without breaking your fixed deposit.
Tax Benefits	By investing in a tax-saving fixed deposit with a five-year lock-in period, you can claim tax deductions of up to INR 1,50,000 under Section 80C of the Income Tax Act, 1961.
Easy Reinvestment	Once your fixed deposit matures, you can extend the tenure and instruct the bank to reinvest the sum for a new period.

A fixed deposit is the perfect investment tool to allow your savings to grow. At IndusInd Bank, we provide fixed deposits as a secure investment opportunity, to assist you in achieving your short-term and long-term financial objectives. The eligibility criteria and application process are fairly simple. You can book a fixed deposit account with IndusInd Bank for a minimum of INR 10,000.

Why Should You Open a Fixed Deposit Account with IndusInd Bank?

When you open a fixed deposit account with IndusInd Bank, you will receive several benefits that can help you grow your money securely. Let us take a closer look at these benefits:

Easy online booking without any complications in three simple steps
Best-in-class FD interest rates of 7.5 per cent (8.25 per cent for senior citizens)
Guaranteed returns upon maturity, regardless of market fluctuations
Auto-renewal option, and flexible interest payment options: monthly, quarterly, half-yearly, yearly, or at maturity
Instant Know Your Customer (KYC) completion through Video KYC
Benefit from tax savings with a 5-year fixed deposit option

Secure your future with IndusInd Bank fixed deposits – start building your savings today. Apply online!

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Easy travel loans at IndusInd Bank

How can you use your travel loan amount?

Flights and transportation:

Accommodation:

Food:

Activities and attractions:

Travel Insurance:

Souvenirs and shopping:

Visa and Documentation Fees:

Features & Benefits of an IndusInd Bank Travel Loan

High loan amount:

Competitive interest rates:

Flexible loan tenure:

Collateral-free loan:

Easy online application process:

Instant loan disbursement:

IndusInd Bank: Making your travel dreams come true

Make Diwali Shopping Special and Earn Attractive Reward Points

Redeem Your Reward Points in Multiple Ways

Heighten Diwali Festivities with a Rewarding Shopping Experience – IndusInd Bank Legend Credit Card

What Is a Fixed Deposit for Senior Citizens?

Is a Senior Citizen Fixed Deposit a Smart Investment Option?

IndusInd Bank’s Senior Citizen Fixed Deposit Account

Steps To Open a Senior Citizen Fixed Deposit Account with IndusInd Bank

Tax Benefits on Loans Against Property

Tax Benefits Under Section 24(B)

Tax Benefits Under Section 37 (1)

Why Should You Opt for a Loan Against Property?

Advantages Of Investing in Fixed Deposits,

Why Should You Open a Fixed Deposit Account with IndusInd Bank?