Latest IndusInd Bank FD Interest Rate April 2023
IndusInd Bank FD rates range from 3.50% to 7.75% for the general public, for fixed deposit investments of less than Rs.2 crore. Whereas, for senior citizens, the interest rate ranges from 4% to 8.25% for an investment amount of less than ₹2 crore. The interest rate offered to senior citizens is 0.50% higher than the normal rate. However, this preferential interest rate is not applicable to NRO/NRE schemes.
The maturity period for IndusInd fixed deposit schemes usually ranges from 7 days to 61 months and above. It is applicable to the general public, NROs, NREs and senior citizens. Additionally, this bank also offers an Indus Tax Saver Scheme, which has a lock-in period of 5 years.
This financial services provider also offers other deposit schemes like FCNR/RFC Deposits, Bulk Deposits (callable or non-callable), etc.
IndusInd Bank FD Interest Rates 2023 Highlights
Check out the highlights for IndusInd FD rates in the table below:
| Interest Rate | 3.50% to 8.25% (including senior citizens) |
| Tenure | 7 days – 61 months and above |
| Minimum Deposit | ₹10,000 |
| Maximum Deposit | ₹5 crore (depending upon the scheme) |
| Lock-in Period | NA (5 years for Tax Saver Scheme) |
How to Calculate IndusInd Bank FD Interest Rate?
There are two ways to calculate IndusInd Bank FD rates – simple interest calculation method and compound interest calculation method.
IndusInd Bank FD Interest Rate – Simple Interest Calculation
Simple interest is the direct amount of interest you earn on your principal invested amount. You are liable to receive it at a prefixed rate throughout the scheme tenure.
To calculate simple interest, you can use the following formula:
Simple Interest = (P * R * T)/100,
Here, P stands for the principal, R for the applicable interest rate and T for the investment tenure.
Let’s take an example for better understanding.
Suppose you have invested ₹50,000 for a tenure of 3 years at 7.75% p.a. interest rate. In this case, P = ₹50,000, R = 7.75% and T = 3 years. Thus, applying the formula:
Simple Interest = ₹ (50,000 * 7.75 * 3) /100
= ₹11,625
So, after 3 years, you will earn a simple Interest of ₹11,625.
Now, let’s calculate the maturity corpus:
Maturity Value = Principal Amount + Simple Interest = ₹50,000 + ₹11,625
= ₹61,625
So, at the time of your FD maturity, you will get ₹61,625.
IndusInd Bank FD Interest Rate – Simple Interest Calculation
The other method that you can use is the compound interest calculation method. Compound interest includes the calculation of interest earned on interest. A significant benefit of CI is that it gets added to the principal. Thus, interest in the next period is calculated on the total amount, and this entire process continues throughout the tenure.
You can use this formula to calculate the maturity amount of an FD:
A = P (1+r/n) ^ (n * t),
Here, A = maturity amount, P = principal, r = interest rate (in decimals), n = number of compounding within a year and t = number of years.
Let’s again take the help of an example for a clearer insight. Suppose you have invested ₹50,000 in a scheme for a tenure of 3 years at 7.75% p.a.
Here, P = ₹50,000, r = 7.75%, n = 12 (As in 1 year, there are 4 quarters. So, in 3 years, 3*4 = 12) and t = 3 years
By applying the formula mentioned above,
A = ₹50,000 (1+7.75/12) ^ (12*3)
A = ₹62,549
You can calculate the compound interest that you have earned by using the formula:
Interest amount = Maturity Amount – Principal
= ₹62,549 – ₹50,000
= ₹12,549
Note
Simple interest will be applicable on IndusInd FD rates for schemes with a maximum tenure of 180 days.
Factors that Can Affect IndusInd Bank Fixed Deposit Rate
These are some factors that can affect IndusInd Bank FD rates:
1. Age
Your age when you apply for a fixed deposit scheme plays a vital role in determining the interest rate. Senior citizens (individuals aged above 60 years) are usually offered higher fixed deposit rates in comparison to general individuals.
2. Deposit Tenure
Ultra-short deposit tenure (7 days to 60 days) usually carries a lower interest rate. IndusInd Bank FD interest rates vary based on the tenure of your FD investment.
3. Amount Invested
The amount you invest in a fixed deposit plays a huge role in the interest amount. For instance, if you are investing less than ₹2 crore, IndusInd Bank fixed deposit rates will range from 3.50% to 7.75%. But, if you are allocating capital worth ₹2 crore to ₹5 crore, it will range from 4.90% to 7.75% (not applicable for senior citizens).
4. Changes in Fiscal Policies
The Reserve Bank of India (RBI) can change fiscal policies based on the prevailing economic condition. For example, when inflation rates soar, FD interest rates can also appreciate and vice versa.
IndusInd Bank FD Interest Rate for General Public
IndusInd Bank offers interest for its term deposit schemes based on the principal and tenure. If you are an individual below the age of 60, the interest rates will vary based on – investments below ₹2 crore and between ₹2 crore to ₹5 crore.
Check out the IndusInd Bank FD rates 2023 in the table below:
| Investment Tenure | Interest on Deposits Below ₹2 Crore | Interest on Deposits Above ₹2 Crore |
| 7 days – 14 days | 3.50% | 4.90% |
| 15 days – 30 days | 3.50% | 5.00% |
| 31 days – 45 days | 4.00% | 5.50% |
| 46 days – 60 days | 4.50% | 5.75% |
| 61 days – 90 days | 4.60% | 6.25% |
| 91 days – 120 days | 4.75% | 6.75% |
| 121 days – 180 days | 5.00% | 6.85% |
| 181 days – 210 days | 5.85% | 7.00% |
| 211 days – 269 days | 6.00% | 7.10% |
| 270 days – 354 days | 6.25% | 7.25% |
| 355 days – 364 days | 6.25% | 7.25% |
| 1 year – less than 1 year 6 months | 7.50% | 7.75% |
| 1 year 6 months – less than 1 year 7 months | 7.75% | 7.75% |
| 1 year 7 months – less than 2 years | 7.75% | 7.75% |
| 2 years – 2 years 1 month | 7.75% | 7.75% |
| More than 2 years 1 month – less than 2 years 6 months | 7.75% | 7.75% |
| 2 years 6 months – less than 2 years 9 months | 7.75% | 7.75% |
| 2 years 9 months – 3 years 3 months | 7.75% | 7.75% |
| More than 3 years 3 months – less than 61 months | 7.25% | 7.25% |
| 61 months and more | 7.00% | 7.00% |
| Indus Tax Saver Scheme (comes with a 5-year lock-in) | 7.25% | Not Applicable |
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IndusInd Bank FD Interest Rate for Senior Citizens
As stated before, senior citizens (individuals aged 60 and above) can avail a higher rate of interest for FDs. The IndusInd Bank fixed deposit rates applicable for senior citizens are as follows:
| Investment Tenure | Interest on Deposits Below ₹2 Crore | Interest on Deposits Above ₹2 Crore |
| 7 days – 14 days | 4.00% | 5.40% |
| 15 days – 30 days | 4.00% | 5.50% |
| 31 days – 45 days | 4.50% | 6.00% |
| 46 days – 60 days | 5.00% | 6.25% |
| 61 days – 90 days | 5.10% | 6.75% |
| 91 days – 120 days | 5.25% | 7.25% |
| 121 days – 180 days | 5.50% | 7.35% |
| 181 days – 210 days | 6.35% | 7.50% |
| 211 days – 269 days | 6.50% | 7.60% |
| 270 days – 354 days | 6.75% | 7.75% |
| 355 days – 364 days | 6.75% | 7.75% |
| 1 year – less than 1 year 6 months | 8.00% | 8.25% |
| 1 year 6 months – less than 1 year 7 months | 8.25% | 8.25% |
| 1 year 7 months – less than 2 years | 8.25% | 8.25% |
| 2 years – 2 years 1 month | 8.25% | 8.25% |
| More than 2 years 1 month – less than 2 years 6 months | 8.25% | 8.25% |
| 2 years 6 months – less than 2 years 9 months | 8.25% | 8.25% |
| 2 years 9 months – 3 years 3 months | 8.25% | 8.25% |
| More than 3 years 3 months – less than 61 months | 7.75% | 7.75% |
| 61 months and more | 7.50% | 7.50% |
| Indus Tax Saver Scheme (comes with a 5-year lock-in) | 7.75% | Not Applicable |
IndusInd FD Interest Rate for NRI
Non-Resident Indians (NRIs) can avail a wide variety of term deposits from IndusInd Bank. They are as follows:
- Non-Residential External (NRE) Fixed Deposit Scheme
- Non-Resident Ordinary (NRO) Fixed Deposit Scheme
- Foreign Currency Non-Resident (FCNR) Deposit Scheme
1. IndusInd NRE FD Interest Rate
NRIs and Persons of Indian Origin (PIOs) can convert their foreign currency earnings to Indian denominations and deposit the corpus in an NRE fixed deposit account. In this regard, both the principal and interest are repatriable. Moreover, under Section 10(4)(ii) of the IT Act, interest earnings from this account are exempt from taxation without any limit.
IndusInd Bank FD rates for NRE deposit schemes are as follows:
| Investment Tenure | Interest on Deposits Below ₹2 Crore | Interest on Deposits Above ₹2 Crore |
| 7 days – 14 days | 3.50% | 4.90% |
| 15 days – 30 days | 3.50% | 5.00% |
| 31 days – 45 days | 4.00% | 5.50% |
| 46 days – 60 days | 4.50% | 5.75% |
| 61 days – 90 days | 4.60% | 6.25% |
| 91 days – 120 days | 4.75% | 6.75% |
| 121 days – 180 days | 5.00% | 6.85% |
| 181 days – 210 days | 5.85% | 7.00% |
| 211 days – 269 days | 6.00% | 7.10% |
| 270 days – 354 days | 6.25% | 7.25% |
| 355 days – 364 days | 6.25% | 7.25% |
| 1 year – less than 1 year 6 months | 7.50% | 7.75% |
| 1 year 6 months – less than 1 year 7 months | 7.75% | 7.75% |
| 1 year 7 months – less than 2 years | 7.75% | 7.75% |
| 2 years – 2 years 1 month | 7.75% | 7.75% |
| More than 2 years 1 month – less than 2 years 6 months | 7.75% | 7.75% |
| 2 years 6 months – less than 2 years 9 months | 7.75% | 7.75% |
| 2 years 9 months – 3 years 3 months | 7.75% | 7.75% |
| More than 3 years 3 months – less than 61 months | 7.25% | 7.25% |
| 61 months and more | 7.00% | 7.00% |
| Indus Tax Saver Scheme (comes with a 5-year lock-in) | 7.25% | Not Applicable |
2. IndusInd NRO FD Interest Rate
Overseas Citizens of India (OCIs), PIOs and NRIs can apply for NRO FDs in order to manage their earnings in India. They can be income from rent, pension, dividends, etc., and cannot be freely converted to foreign denominations.
Find the IndusInd FD rates for NRO term deposit schemes in the table below:
| Investment Tenure | Interest on Deposits Below ₹2 Crore | Interest on Deposits Above ₹2 Crore |
| 7 days – 14 days | 3.50% | 4.90% |
| 15 days – 30 days | 3.50% | 5.00% |
| 31 days – 45 days | 4.00% | 5.50% |
| 46 days – 60 days | 4.50% | 5.75% |
| 61 days – 90 days | 4.60% | 6.25% |
| 91 days – 120 days | 4.75% | 6.75% |
| 121 days – 180 days | 5.00% | 6.85% |
| 181 days – 210 days | 5.85% | 7.00% |
| 211 days – 269 days | 6.00% | 7.10% |
| 270 days – 354 days | 6.25% | 7.25% |
| 355 days – 364 days | 6.25% | 7.25% |
| 1 year – less than 1 year 6 months | 7.50% | 7.75% |
| 1 year 6 months – less than 1 year 7 months | 7.75% | 7.75% |
| 1 year 7 months – less than 2 years | 7.75% | 7.75% |
| 2 years – 2 years 1 month | 7.75% | 7.75% |
| More than 2 years 1 month – less than 2 years 6 months | 7.75% | 7.75% |
| 2 years 6 months – less than 2 years 9 months | 7.75% | 7.75% |
| 2 years 9 months – 3 years 3 months | 7.75% | 7.75% |
| More than 3 years 3 months – less than 61 months | 7.25% | 7.25% |
| 61 months and more | 7.00% | 7.00% |
| Indus Tax Saver Scheme (comes with a 5-year lock-in) | 7.25% | Not Applicable |
3. IndusInd FCNR Interest Rates
NRIs who wish to invest their foreign currency earnings in an Indian term deposit scheme can do so by opening an FCNR account. They have an investment period ranging from 1 year to 5 years. The applicable currencies in this regard are Euro, USD, CAD, AUD, Japanese Yen and Pounds Sterling.
Here are the IndusInd interest rates for FCNR deposit schemes:
| Investment Period | US dollars less than 1 million to 25 million and above | AUD | CAD | EUR | GBP | JPY |
| 1 to less than 2 years | 5.65% to 5.75% | 3.80% | 4.40% | 3.00% | 4.40% | Not Applicable |
| 2 years to less than 3 years | 5.30% to 5.60% | 4.45% | 4.40% | 3.30% | 4.70% | 2.40% |
| 3 years to less than 4 years | 4.95% to 5.20% | 4.50% | 4.10% | 2.35% | 4.00% | Not Applicable |
| 4 years to less than 5 years | 4.50% to 5.00% | 4.45% | 3.80% | 2.00% | 4.00% | Not Applicable |
| 5 years | 4.40% to 5.00% | 4.45% | 3.65% | 2.00% | 4.00% | 2.30% |
4. IndusInd RFC Interest Rates
NRIs who have returned to the country and do not wish to go through the hassles of converting their foreign currency earnings to INR can open an RFC term deposit. Doing so will help them earn returns at a high rate of interest on their invested amount. The IndusInd FD interest rates for RFC accounts are as follows:
| Investment Period | US dollars less than 1 million to 25 million and above | EUR | GBP |
| 1 to less than 2 years | 5.65% to 5.75% | 3.00% | 4.40% |
| 2 years to less than 3 years | 5.30% to 5.60% | 3.30% | 4.70% |
| 3 years to less than 4 years | 4.95% to 5.20% | 2.35% | 4.00% |
| 4 years to less than 5 years | 4.50% to 5.00% | 2.00% | 4.00% |
| 5 years | 4.40% to 5.00% | 2.00% | 4.00% |
IndusInd Vs Other Banks’ FD Interest Rates
The table below contains a comparison of IndusInd FD interest rates with that of other major banking institutions in India. We have taken into consideration interest rates for term deposit schemes below ₹2 crore.
| Bank Name | Tenure | Interest Rate |
| IndusInd Bank | 7 days to 10 years | 3.50% to 8.25% |
| Bank of India | 7 days to 10 years | 3.00% to 7.65% (additional 0.90% for Super Seniors) |
| State Bank of India | 7 days to 10 years | 3.00% to 7.50% |
| IDFC First Bank | 7 days to 10 years | 3.50% to 8.25% |
| Yes Bank | 7 days to 10 years | 3.25% to 8.00% |
| Bandhan Bank | 7 days to 10 years | 3.00% to 8.50% |
| Central Bank of India | 7 days to 10 years | 4.00% to 7.25% |
| HDFC Bank | 7 days to 10 years | 3.00% to 7.75% |
| Bank of Baroda | 7 days to 10 years | 3% to 7.05% |
| Indian Overseas Bank | 7 days to 10 years | 4.30% to 7.75% |
| Karnataka Bank | 7 days to 10 years | 4.5% to 7.80% |
| Axis Bank | 7 days to 10 years | 3.50% to 8.01% |
| Canara Bank | 7 days to 10 years | 4.00% to 7.75% |
| Deutsche Bank | 7 Days to 5 Years | 3% to 7.75% |
| Punjab National Bank | 7 days to 10 years | 3.50% to 7.80% |
| Sundaram Finance | 12 months to 36 months | 7.45% to 8.25% |
| Indian Bank | 7 days to 5 years | 2.80% to 7.90% |
| Paytm Payments Bank | 7 days to 1 year | 2.75% to 5.5% |
| DBS Bank | 7 days to 5 years and above | 2.5% to 8% |
| Federal Bank | 7 days to 2223+ days | 3.00% to 7.75% |
| Punjab and Sind Bank | 7 days to 10 years | 2.80% – 7.60% |
| IDBI Bank | 7 days to 20 years | 3.00% to 7.25% |
| Union Bank of India | 7 days to 10 years | 3.00% to 8.05% |
| HSBC | 7 days to 5 years | 2.85% to 8.00% |
| ICICI Bank | 7 days to 10 years | 3.00% to 7.60% |
| Kotak Mahindra Bank | 7 days to 10 years | 2.75% to 7.70% |
| RBL Bank | 7 days to 20 years | 3.50% to 8.30% |
Features and Benefits of IndusInd Fixed Deposit
Here are some of the features and benefits that you can get by opting for an IndusInd Bank FD scheme:
- Ordinary citizens can get IndusInd Bank FD rates 2023 at 3.50% to 7.75% while senior citizens can avail 4.00% to 8.25%.
- You can book an IndusInd FD account online in a few steps. You simply need to provide your PAN and Aadhaar details. There is also the facility of video KYC.
- The minimum deposit amount is ₹10,000.
- The maximum deposit amount is ₹5 crore.
- The investment tenure is flexible. You can invest in fixed deposits for 7 days to 61 months and above based on the type of scheme you opt for.
- Auto-renewal option is available.
- IndusInd bank offers interest annually, half-yearly, quarterly, monthly, or upon maturity.
- You can avail tax deduction of up to ₹1.5 lakh as per Section 80C of the IT Act in the case of IndusInd Bank tax-saving FD.
Also Read
Different Types of IndusInd Bank FD Schemes
These are the various types of term deposit schemes that you can avail of at IndusInd Bank:
- IndusInd Fixed Deposit
- IndusInd Senior Citizen Savings Scheme
- IndusInd Deposit Plus
- IndusInd NRE Fixed Deposit
- IndusInd NRO Fixed Deposit
- IndusInd FCNR Fixed Deposit
- Indus Tax Saver Scheme
1. IndusInd Fixed Deposit
- Minimum Deposit: ₹10,000
- Maximum Deposit: ₹5 crore
- Tenure: 7 days – 61 months and above
- Interest Rate: 3.50%-7.75%
- Eligibility: Individuals, HUFs, partnership firms, companies and more.
2. IndusInd Senior Citizen Savings Scheme
- Minimum Deposit: ₹10,000
- Maximum Deposit: ₹5 crore (based on scheme type)
- Tenure: 7 days – 120 months
- Interest Rate: Additional 0.50% on top of what is applicable for regular customers.
- Eligibility: Individuals aged above 60 years.
3. IndusInd Deposit Plus
- Minimum Deposit: ₹2,25,000
- Maximum Deposit: No limit
- Tenure: 7 days to 120 months
- Interest Rate: 6.75%
- Eligibility: Savings and Current account holders of IndusInd Bank.
4. IndusInd NRE Fixed Deposit
- Minimum Deposit: ₹10,000
- Maximum Deposit: ₹5 crore
- Tenure: 7 days to 61 months and above
- Interest Rate: 3.50% to 7.75% (for less than ₹2 crore), 4.90% to 7.75% (for more than ₹2 crore but less than ₹5 crore)
- Eligibility: Non Resident Indian
5. IndusInd NRO Fixed Deposit
- Minimum Deposit: ₹10,000
- Maximum Deposit: ₹5 crore
- Tenure: 7 days to 61 months and above
- Interest Rate: 3.50% to 7.75% (for less than ₹2 crore), 4.90% to 7.75% (from ₹2 crore to ₹5 crore)
- Eligibility: Non Resident Indian
6. IndusInd FCNR/RFC Fixed Deposit
- Minimum Deposit: less than $1 million
- Maximum Deposit: $25 million and above
- Tenure: 1 to 5 years
- Interest Rate: 4.40% to 5.75% (for USD)
- Eligibility: Non Resident Indian
7. Indus Tax Saver Scheme
- Minimum Deposit: ₹10,000
- Maximum Deposit: 2 crore
- Tenure: Lock in period of 5 years
- Interest Rate: 7.25%
- Eligibility: Indian
How to Invest in IndusInd Bank Fixed Deposit?
You can invest in term deposit schemes offered by IndusInd Bank by following the different ways discussed below:
1. IndusInd Official Website
The steps to apply for an FD on the IndusInd website are:
- Step 1: Navigate to the IndusInd official website.
- Step 2: Navigate to the “Apply Online” tab and click on Fixed Deposit.
- Step 3: Select whether you are a new customer or an existing one.
- Step 4: Enter your mobile number, the captcha and the OTP.
- Step 5: Complete the verification of your Aadhaar and PAN details.
- Step 6: Provide the necessary personal information.
- Step 7: Enter the required FD details.
- Step 8: Complete the video KYC and payment process.
Your FD account is ready.
2. IndusMobile Application
To start a term deposit scheme from the IndusMobile app, steps are as follows:
- Step 1: Open the IndusMobile application and enter your internet banking details.
- Step 2: Select the Create FD option and fill in the necessary details.
- Step 3: Submit the form.
The amount will be deducted from your IndusInd savings account and your fixed deposit will commence.
*This application is available for both Android and iOS.
3. IndusNet Online Banking Portal
You can also open an FD from the IndusNet online banking portal by following these steps:
- Step 1: Log in to the IndusNet online banking portal and choose your deposit option.
- Step 2: Select the Open Fixed Deposit option and enter the necessary details.
- Step 3: Choose the amount you want to invest.
It will be deducted from your savings account and your term deposit will be initiated.
Documents Required to Open IndusInd Bank FD
The documents required to open a fixed deposit account at IndusInd Bank are as follows:
- Proof of Identity – Voter ID card, Aadhaar card, PAN card, driving licence, passport or senior citizen ID (only for senior citizens).
- Proof of Address – Aadhaar card, passport, voter ID card, electricity or telephone bill.
Eligibility to Open IndusInd Bank FD
Here are the eligibility criteria for opening a term deposit account at IndusInd Bank:
- At least 18 years of age
- Indian Resident
- Applicant Type – Individuals (general and senior citizens), legal guardians for their minors, HUFs, companies, partnership firms, trusts, etc.
Taxation on IndusInd Bank FD
Tax implications for fixed deposit schemes are as follows:
- Your interest income from FD schemes falls under “Income from Other Sources”. Thus, when you withdraw your FD, it gets added to your gross income and is applicable for taxation as per the applicable tax slab rate.
- A maximum interest of ₹40,000 (for ordinary citizens) and ₹50,000 (for senior citizens) from FD accounts is free from tax implications.
- If the amount crosses the exemption limit, TDS is applicable at the rate of 10% if you have submitted your PAN card details and 20% if you have not.
- In case of NRIs, 30% TDS is applicable on the earned interest income per annum.
Furthermore, to claim tax exemptions on FD interest income, you have to submit form 15G and form 15H if you are a senior citizen. If you opt for tax-saving FDs, you get a tax deduction of up to ₹1.5 lakh per financial year. This is applicable as per Section 80C of the Income Tax Act.
Loan Against IndusInd Bank FD Scheme
If you have a fixed deposit with IndusInd Bank, you can use it as collateral to avail a secured loan or an overdraft facility. When compared to personal loans, they come at lower interest rates and are a viable alternative to liquidating your investment during times of need.
Here are some of the features of a loan against term deposits:
- You need to be an FD account holder in order to apply for this type of loan. Your CIBIL score, monthly income and profession will only be checked in case you are applying for an overdraft facility.
- When you opt for a loan against FD, the bank generates a lien on your investment. This means that the bank will automatically get a claim over it and if you, unfortunately, default on your loan payments, the bank will claim the term deposit. After you pay back the loan, the lien will be removed by the bank.
Final Word
IndusInd Bank FD rates vary across schemes and tenure. However, don’t forget to read the terms and conditions carefully, including the applicable penalty for premature withdrawals (if any).
Although you can avail assured returns by investing in fixed deposits, the interest rates are comparatively lower than other financial assets. To beat inflation, you can consider adding mutual funds to your portfolio with Navi Mutual Fund. Download the Navi app, select mutual fund schemes as per your investment goals and start investing.
Disclaimer: Mutual fund investments are subject to market risks, read all scheme related documents carefully.
FAQs
For existing IndusInd Bank customers, the process of opening a fixed deposit account is instantaneous. However, if the applicant plans to fund the deposit from a different bank account, the entire procedure may take up to two business days.
New customers can deposit a minimum of ₹10,000 and a maximum of ₹90,000 in IndusInd Bank fixed deposit schemes. Moreover, they can invest for a tenure ranging from 6 months to 10 years.
If you have a savings account with IndusInd Bank, the FD interest will be directly credited to your account. However, if your account is with a different bank, you will receive your interest income through a Demand Draft.
All IndusInd FD schemes come with AA+ ratings from Crisil as well as ICRA. Additionally, IndusInd fixed deposits get coverage of up to ₹5 lakh at the customer level under RBI’s deposit insurance scheme.
You can redeem your term deposit via the IndusMobile app or IndusNet online banking service. In addition, you can also visit your nearest branch for the same.
Disclaimer
This article is solely for educational purposes. Navi doesn't take any responsibility for the information or claims made in the blog.
