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Open fixed deposit account online with Indusind bank


16/09/2018 Facebook Twitter LinkedIn Google+ Banking & Finance



Open Indusind Bank fixed deposit online

Fulfill every aspiration with IndusInd Bank Fixed Deposits that yield higher returns on your investments. Earn upto 8.15% p.a. interest. No savings account required. Simply book your Indusind Bank fixed deposit online from the comfort of your home or visit the nearest IndusInd Bank branch today and get started on realizing your goals.
Open Indusind Bank fixed deposit online
Open Indusind Bank fixed deposit online

 

BENEFITS OF OPENING INDUSIND BANK FIXED DEPOSIT ONLINE

Convenience

Convenience

Book Indusind Bank fixed deposit online in a matter of minutes, wherever you are.
Ease

Ease

Book Indusind Bank fixed deposit online by pulling funds from other Bank accounts.
Flexibility

Flexibility

Book Indusind Bank fixed deposit online and choose the amount, tenure and maturity instructions.

Interest Rates on Indusind Bank fixed deposit online:

Domestic / NRO/ NRE

Rates are effective from June 1st, 2018

Maturity PeriodDOMESTIC(RESIDENT)  DEPOSITS/ NRO DEPOSITSNRE DEPOSITS
<1 crore< 1Cr
Rates p.a.(%)Annualised Yield*Rates p.a.(%)Annualised Yield*
7 days to 14 days3.53.5
15 days to 30 days4.004.00
31 days to 45 days5.55.5
46 days to 60 days5.755.75
61 days to 90 days6.006.00
91 days to 120 days6.256.25
121 days to 180 days6.56.55
181 days to 210 days6.756.81
211 days to 269 days6.756.86
270 days or below 1 years7.007.12
1 Years to below 1 Years 2 Months7.657.877.657.87
1 Years 2 Months to below 2 Years7.47.757.407.75
2 years to below 2 years 6 Months7.257.737.257.73
2 years 6 Months to below 2 years 9 Months7.257.737.257.73
2 years 9 Months to below 3 years7.257.737.257.73
3 years to below 61 month7.008.007.008.00
61 month and above6.757.956.757.95
Indus Tax Saver Scheme (5 years)7.008.30NANA

*Interest is compounded quarterly. Annualized yield is effective annual return basis the same.

Open Indusind Bank fixed deposit online

FD Rates – w.e.f. August 17th, 2018

WithdrawableNon- Withdrawable (Only for Non-Individuals)
FD Amount1 crore to less than 5 crore1 crore to less than 5 crore
Maturity PeriodRate p.a.(%)Annualised Yield*Rate p.a.(%)Annualised Yield*
7 days to 14 days4.254.254.254.25
15 days to 30 days4.504.504.504.50
31 days to 45 days6.256.256.256.25
46 days to 60 days6.256.256.356.35
61 days to 90 days6.256.256.356.35
91 days to 120 days6.506.506.756.75
121 days to 180 days6.756.817.007.06
181 days to 210 days7.007.067.107.16
211 days to 269 days7.007.127.107.23
270 days or below 1 years7.007.127.107.23
1 Years to below 1 Years 2 Months7.757.977.908.06
Above 1 Years 2 Months to below 2 Years7.407.757.507.81
2 years to below 2 years 6 Months7.157.617.257.73
2 years 6 Months to below 2 years 9 Months7.157.827.257.94
2 years 9 Months to below 3 years7.157.907.258.02
3 years to below 61 month7.008.007.108.13
61 month and above6.757.956.757.95
Indus Tax Saver Scheme (5 years)NANANANA
* The annualized yield is the effective annual rate of return taking into account the effect of compounding interest.

*Interest is compounded quarterly.  Annualized yield is effective annual return basis the same.

FCNR / RFC* Deposits – w.e.f. September 1st, 2018

PeriodUSDGBPEURJPYCADAUD
1yr  < 2 yrs3.741.730.012.052.402.03
2 yrs< 3 yrs3.401.520.010.122.482.06
3 yrs< 4yrs3.151.330.023.102.542.11
4 yrs< 5 yrs3.151.370.150.172.582.35
5 yrs3.151.430.293.152.612.42
  • RFC Deposit Rates are same as that applicable for FCNR deposits. However the same are available only in USD, GBP & Euro
  • RFC Savings Rate is the rate applicable for 1Yr<2 Yrs on FCNR deposits and is available only in USD, GBP & Euro
In case of pre-mature withdrawal of FCNR (B) deposits,
  • No interest will be payable if the period the FCNR (B) deposit remains in force is less than 1 year.
  • If the deposit has remained in force for more than 1 year, interest will be calculated at the rate applicable for the period the Deposit has actually remained with the Bank less 1%.
  • Additionally, in case of pre-mature withdrawal of FCNR (B) deposits, SWAP (conversion) cost will be recovered, basis the prevailing market rates on the date of pre-mature withdrawal, between the FCNR (B) currency and Indian Rupees.
Senior Citizens – Additional interest rate on Domestic Term Deposits
An additional interest rate of 0.50% over and above the card rates is applicable for Term Deposits of Senior citizens (Age 60 years & above) for value below Rs. 1cr. (Not applicable for NRO/NRE deposits). However, in case the senior citizen opts to place deposits of value greater than or equal to 1 Cr, the benefit of additional interest shall not be available.
Penal interest rate charge of 1% would apply on premature withdrawal.
Premature withdrawal is not allowed on FD > 1cr unless signed up and approved at the time of FD booking
In case of premature closure of NRE / FCNR/ RFC Term deposit the interest rate payable will as under:
  • No interest will be payable if the period the FCNR (B) deposit remains in force is less than 1 year.
  • If the deposit has remained in force for more than 1 year, interest will be calculated at the rate applicable for the period the Deposit has actually remained with the Bank less 1%.
  • Additionally, in case of pre-mature withdrawal of FCNR (B) deposits, SWAP (conversion) cost will be recovered, basis the prevailing   market rates on the date of pre-mature withdrawal, between the FCNR (B) currency and Indian Rupees
Method of calculation of interest:
  • Fixed Deposits –
    • For deposits with tenure of 91 days and above, interest is calculated on a quarterly basis.
    • In event the depositor chooses to reinvest the interest earned during the pervious quarter then the same is added to the Principal for calculation of interest. Interest on this amount is calculated every quarter.
    • For deposits with tenure of below 91 days, interest is calculated at Simple interest. Please note that the period of Fixed deposit is considered in number of days.
    • In event the depositor chooses to receive the periodic interest payments on a quarterly basis, interest is calculated and paid on quarterly rests.
    • Premature withdrawal of deposit will attract 1% penalty (Fixed Deposits opened post August 1, 2008): 1% less than the contracted rate or card rate as on the date of deposit (lower of the two), for the period and amount for which deposit has remained with Bank. The remaining amount of the deposit will earn interest rate corresponding to the card rate of the residual amount slab as on the date of deposit.
    • Tax at Source is deducted as per the Income Tax regulations prevalent from time to time.
Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per regulatory directives.

Open Indusind Bank fixed deposit online

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Comments
  1. Rempe Saha said on 17/09/2018 1:07 PM:

    Great blog. I have booked a FD with Indusind bank. This bank is my favorite and is giving attractive interest rate. Recommended to all.

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