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Home>Fixed Deposit>IndusInd Bank>How to Open IndusInd Bank Fixed Deposit Account
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How to Open IndusInd Bank Fixed Deposit Account

Updated 29 Aug 2023

Securing one's savings is essential in the volatile financial environment of today. Since they provide protection and competitive returns, many consider fixed deposits (FDs) a popular option. One of India's top private sector banks, IndusInd Bank, has been at the forefront of offering remarkable FD programmes.

 

Understanding how to open an FD account with IndusInd Bank can be a useful addition to your financial toolkit, whether you're an experienced investor or just getting started. By diving into this blog, discover a step-by-step tutorial for starting your journey with IndusInd Bank FDs.

FD Account Opening at IndusInd Bank

There are various modes of opening an FD account with IndusInd Bank. Let’s take a look at them.

An IndusInd Bank FD account can be opened via different modes such as Mobile App, Internet Banking, and offline.

 

1) Web Application

Applicable for Non-IndusInd customers as well

  • Verify your PAN & Aadhar
  • Fill in Personal and FD Details
  • Complete Video-KYC
  • Fund your FD

 

2) Indus Mobile
Follow the below-mentioned steps to open an FD account via IndusInd Bank Mobile App-
Step 1: Login through your Internet banking ID and choose the deposit option.
Step 2: Click ‘Create Fixed Deposit’ and precisely fill out the form.
Step 3: The amount is transferred from your savings account upon successful submission.

 

3) Indus Net
Step 1: Select the deposit option on your mobile banking account.
Step 2: Click ‘Open FD’ and fill in your details.
Select the amount you wish to add to your FD from your savings account.

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IndusInd Bank FD Eligibility Criteria

A customer can open an online fixed deposit with IndusInd Bank, they need to meet the following criteria:

  • Should be a citizen of India
  • Should be more than 18 years of age
  • Should have a valid KYC document such as PAN and Aadhar
     

Fixed deposits can be opened by:

  1. Individuals
  2. HUFs
  3. Sole proprietorships
  4. Partnership firms
  5. Limited companies
  6. Guardians on behalf of minors
  7. Societies
  8. Clubs
  9. Trusts
  10. Associations

Documents Required for IndusInd Bank FD Account

The following documents have to be furnished for opening an IndusInd Bank FD–

Identity proof - (any one of the below)

  • Aadhar Card
  • Passport
  • PAN card
  • Driving license
  • Government ID
  • Senior citizen ID
     

Address proof - (any one of the below)

  • Passport
  • Telephone bill
  • Bank statement with cheque
  • Aadhar card
  • Electricity bill

FAQs

Is the ₹ 5 lakh DICGC insurance cover applicable separately for every bank?

The deposit insurance scheme of RBI covers all IndusInd Bank deposits of up to ₹ 5,00,000 at the customer level. You can contact IndusInd Bank or visit their website to open an FD account online and earn the best-in-class interest rate.

How safe are IndusInd Bank’s Online Fixed Deposits?

With AA+ Crisil and ICRA rating, IndusInd bank is one of the safest banks for opening fixed deposits.

What is the minimum and maximum tenure and amount?

If you are an existing IndusInd Bank customer, you can book a fixed deposit from a minimum of ₹ 10,000 to a maximum ₹ 10 Lakhs. The new customers can book fixed deposits for amounts ranging from ₹ 10,000 to ₹ 90,000 only. The minimum tenure for booking a fixed deposit is 6 months, and the maximum is 10 years.

How will I receive my interest/maturity?

The interest accrued on the online fixed deposit will be directly credited to existing customers' linked IndusInd savings accounts. However, if you don’t have a savings account with IndusInd Bank, the amount accrued, post maturity, will be transferred to you via a demand draft in your name.

Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.