give us a call on 1860 500 5004

Book your fixed deposit
in just 3 simple steps

watch video

FAQS

  1. How does IndusInd Online Fixed Deposit work?

IndusInd Online Fixed Deposit can be opened instantly. Just follow the below 3 simple steps:

Step 1 – Visit www.IndusInd.com and fill up the online application.

Step 2 – Check the suitable Fixed Deposit type and authenticate your-self

Step 3 - Complete the application and transfer fund online for deposit creation

Your Fixed Deposit shall be created and a copy of deposit details shall be sent to you.

  1. What are the ways of funding Online Fixed Deposit account? When will the money get credited in my fixed deposit account?

Customers with IndusInd Saving Account: You can fund the online fixed deposit using your saving account via Net Banking. You can also fund through your other bank’s account

Customers without IndusInd Saving Account: You can fund through your other bank’s account

It takes 2 days for the funds to be credited to the fixed deposit account

  1. When will my Online Fixed Deposit Account get opened?

If funding is from IndusInd Bank Savings account deposit will be opened immediately.

The deposit shall be opened within 2 working days after the application is initiated if funding is from other bank, subject to payment realisation from your debiting Bank and credit from the Payment partner

  1. Do I need to provide any documents for opening the IndusInd Online Fixed Deposit?

At the time of opening, you do not need to provide any documents. You need to authenticate yourself using Adhaar. However, within the next 1 year from opening fixed deposit, you need to submit your KYC documents. Bank’s executive will contact you for the same

  1. What will happen if I do not provide KYC documents within 1 year of opening the fixed deposit?

Your fixed deposit will be closed and you will be required to visit the branch to redeem the funds.

Interest Rate, Charges, Tenure

  1. What are the interest rates for IndusInd Online Fixed Deposit?

The interest rates applicable for IndusInd Fixed Deposit can be seen here

  1. What is the minimum and maximum tenure and amount?

Minimum tenure is 6 month and maximum is 10 years. Minimum amount for Fixed Deposit is Rs. 10,000. The maximum amount is 90,000 for new customers and 10,00,000 for existing customers

  1. Are there any pre-mature withdrawal charges?

Penal interest rate charge of 1% would apply on premature withdrawal

Eligibility

  1. Who are eligible to open IndusInd Online Fixed Deposit account?

All resident individuals over and above 18 years of age with valid PAN are allowed to open IndusInd Fixed Deposit online

  1. Do I need to have a savings account with IndusInd bank to open an Online Fixed Deposit?

No. Even a non IndusInd Bank customer can open Fixed Deposit online. The terms and conditions are different for Non IndusInd bank customers.

  1. Is PAN mandatory? What if I do not have a PAN?

Valid PAN number is mandatory for customers availing this facility.

  1. Can Online Fixed Deposit account be opened in the name of a Minor?

No, the online fixed deposit account cannot be opened in the name of a minor

  1. Is this facility available for existing customers?

Yes, this is available

Fixed Deposit Redemption

  1. How can I redeem/withdraw the fixed deposits opened online?

If you want to redeem the fixed deposit before completing the physical KYC, then you will be required to go to the branch and submit redemption request along with relevant documents. You can also open a Saving Bank account with IndusInd Bank and use net-banking for fixed deposit redemption.

  1. How will I receive my interest/maturity?

IndusInd Customers may choose to credit it in IndusInd Savings account. Customers who do not have an IndusInd Savings account can open an account by submitting required documents OR a manager’s cheque will be sent to your registered address on FD maturity