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Indusind bank Fixed Deposit Calculator. 04 March, 2021, 02:45 AM IST. Tech’s liability shield under fire: 26 words and what’s at stake. Antony Blinken calls China biggest ‘test’, vows US strength. Attempts were made to disrupt power supply, says Nitin Raut. IndusInd Bank Limited, 2401 Gen. Thimmayya Road (Cantonment), Pune-411 001, India Tel: + 1600-609 CIN:L65191PN1994PLC076333. For any Shareholder’s queries or grievances contact Mr. Raghunath Poojary at investor@indusind.com.
IndusInd Bank online fixed deposits are as safe as the fixed deposit that you open by visiting the branch physically. The online fixed deposits are insured for up to Rs. 5 Lakhs by Deposit Insurance and Credit Guarantee Corporation (DICGC) of India, which is a wholly-owned subsidiary of the RBI.
*4 IndusInd Bank Fixed Deposit Schemes
*9 Features of IndusInd Bank Fixed DepositAbout IndusInd Bank Fixed Deposit
There is no age for saving. You can start saving as and when you feel like and with whatever amount you can spare. IndusInd Bank understands this importance of saving and has brought for people of all ages the various schemes of fixed deposit. Fixed Deposit is an idle method of saving for future. It is an investment that can be utilised in times of requirement. With this perspective the bank offers the following fixed deposit schemes:
*IndusInd Bank Tax Saver Fixed Deposit
*IndusInd Bank Senior Citizen Scheme
*IndusInd Bank Deposit PlusIndusInd Bank Fixed Deposit Interest Rates
(w.e.f. January 2, 2020)Maturity PeriodFor Amount Less than 2 CroreFor amount of 2 crore to less than 5 croreFor amount of 1 crore to less than 5 crore (Non - Withdrawable)(% p.a.)(% p.a.)(% p.a.)7 days to 14 days4.004.004.0015 days to 30 days4.254.254.2531 days to 45 days5.005.005.0046 days to 60 days5.505.505.5061 days to 90 days5.505.505.5091 days to 120 days5.755.755.75121 days to 180 days5.755.655.75181 days to 210 days6.005.906.00211 days or below 1 years6.00 - 6.255.90 - 6.156.00 - 6.251 Years to below 1 Years 4 Months6.656.556.651 Years 4 Months to below 61 months6.756.656.75Above 61 Months6.656.656.65How to Apply
You can apply from home through the bank’s online service. Login on the bank’s official website, click on Apply Now Option. Fill in your details and submit it. The bank representatives will get back to you for further KYC process. Alternately, you can visit the nearest branch and submit the Deposit Account Form.IndusInd Bank Fixed Deposit Schemes1. IndusInd Bank Tax Saver Fixed Deposit
To avail the tax savings benefits invest in the Tax Saver Fixed Deposit Scheme. You get tax exemption under Section 80C of Income Tax Act for an investment of amount upto ₹1,50,000 per year. The amount is locked in for the period of 5 years.ParticularsDetailsMaximum Investment Amount₹ 1,50,000Tenure5 yearsNomination FacilityAvailableBank Deposit Rates In India2. IndusInd Bank Senior Citizen Scheme
It is a special scheme launched to cater the needs of senior citizens. Any citizen who has attained the age of 60years can book the deposit with the minimum amount of ₹10,000.ParticularsDetailsMinimum Investment Amount₹ 10,000Minimum Tenure7 daysMaximum Tenure10 yearsTDSApplicablePremature ClosureAllowedNomination FacilityAvailable3. IndusInd Bank Deposit Plus
This scheme offers the dual investment benefits. The interest earned on the fixed deposit is invested in a mutual fund through Systematic Investment Plan. You get the tax advantage as the return earned from equity is tax-free if redeemed after 1 year.ParticularsDetailsNomination FacilityAvailableSIP SchemeMultiple schemes to choose fromPremature WithdrawalAllowedLoan/Overdraft FacilityAvailableIndusInd Bank Fixed Deposit CalculatorState Bank Of India Fixed Deposit Rates
The Fixed Deposit Calculator helps you know the amount of interest receivable at the end of the tenure. It calculates the maturity value of the deposit that includes the principal amount and the interest amount. The maturity value is calculated on the basis of the rate of interest prevalent on the tenure you have opted for.IndusInd Bank Fixed Deposit Application Form
The application form is to be filled to avail the facility of fixed deposit. Fill in the personal details, mark the type of plan you are opting for and the interest payout option. Fill in the maturity details as, the tenure of investment and auto-renewal of policy. In case you want to avail nomination facility fill in the details of the nominee.Eligibility
IndusInd Bank Fixed Deposits can be opened by Individuals, HUFs, Sole Proprietorships, Partnership Firms, Ltd. Companies, Guardians on behalf of Minors, Societies, Clubs, Trusts and Associations.Documentation RequiredCategoryDocumentsAn Individual, Hindu Undivided Family, Sole Proprietorship ConcernID Proof
Address Proof
Age proof (For Senior Citizen Scheme)
A photograph
TrustsCopy of the Trust Deed
Copy of the registration certificate
Copy of the Resolution of The Trustees
Authorising the members concerned to open and operate the account
Photographs of the members operating the accountAssociations / ClubsBy-laws of the Association
Copy of the Resolution by the board authorising the members concerned to open and operate the account
Photographs of the members operating the account
Partnership FirmPartnership Deed
Letter from partners approving the persons concerned to open and operate the account
Photographs of the persons operating the account
Features of IndusInd Bank Fixed Deposit
*Choice of various Fixed Deposit Plan
*Variable tenure range
*Interest payable as per customer’s requirement
*Interest is automatically credited to the Savings/Current account
*Partial withdrawal permitted
*Auto renewal facility
*Nomination facility available
*Special rates for senior citizens
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