How to Save Efficiently with IndusInd Bank Online Fixed Deposit?

Want to steadily grow your wealth without compromising on liquidity? If yes, then a fixed deposit by the IndusInd Bank is the right choice for you. Whether you want a cumulative or non-cumulative FD, short or long tenures, IndusInd Bank’s fixed deposits offer it all, and that too at attractive interest rates.

 Here’s how you can save efficiently with IndusInd Bank’s FD schemes.

 High interest rates

 One of the top reasons you want to invest in a fixed deposit is high guaranteed returns with zero risk. IndusInd Bank makes this feat possible. It offers a whopping 6.5% interest rate for adults and 7% for senior citizens on their FDs. This also translates into a higher annualised yield, which basically increases your overall ROI on maturity. Not sure what we mean?

 Suppose you choose to deposit any amount under Rs. 2 crores for 2 years; here is what your compounded FD interest rate with IndusInd Bank will look like:

  If you want to learn more about annualised yield, click here.

 Instant online booking

 Now you can easily open an FD account online. IndusInd Bank extends its user-friendly digital portal called IndusNet to help you open your fixed deposit with them within a few minutes.

 You can also download the IndusMobile App to open a fixed deposit with the bank using your smartphone. Once you create your user id and password, fill out a short form, upload document soft copies and transfer funds electronically from any savings account into your new FD account. IndusInd Bank will also send you an electronic monthly statement through email every month.

 Partial withdrawals possible

 The option of partial withdrawal of the FD and interim interest pay-outs are always possible without denting your ROI. This is what makes an IndusInd Bank’s fixed deposit flexible, thus allowing you to stay liquid.

 Should the need arise, you can quickly liquidate your FD with them at any time at a nominal fee. If you need only a part of the funds saved in your FD, opt for a partial withdrawal without incurring a fee. You don't have to visit them to make a partial withdrawal. Simply link your savings account with the FD account and avail of their sweep-in-sweep-out feature.

 Parting thoughts

 With a bouquet of benefits mentioned above, an IndusInd FD becomes an efficient short-term or long-term money-saving instrument. What's more, it doesn't take much to open it! All you need to be is an Indian citizen above 18 years of age with a valid photo id and address proof. These will serve as your KYC documents.

So, why wait any longer before these attractive FD interest rates dip even slightly? Click here to open your fixed deposit online today!

Join Whatsapp Channel of The Tribune for latest updates.