Whether you are a seasoned or a first-time investor, a fixed deposit is undoubtedly one of the best financial tools to invest in. Why? First off, it is a risk-free investment option that offers high security to your hard-earned money as it is unaffected by the equity market and the economy. Secondly, it provides healthy returns that help you generate a passive income. And lastly, a fixed deposit stresses the importance of saving and acts as an emergency fund.
Furthermore, opening a fixed deposit with a trusted institution like IndusInd Bank can offer numerous other benefits. IndusInd Bank’s online fixed deposit is a convenient way to park your extra funds and earn healthy returns on them. There are many other perks of booking an online FD with IndusInd Bank. Let’s have a closer look.
Benefits of IndusInd Bank’s Online FD
- High-Interest Rates: IndusInd Bank provides a higher interest rate on fixed deposits when compared to many other financial institutions and top private banks in India. You can benefit from a whopping 6% interest on your deposit per annum, and senior citizens can enjoy 6.5% interest.
- Convenience: You can book an online fixed deposit account with IndusInd Bank in a matter of minutes. It saves you the trouble of leaving your house and visiting the bank branch, making it a highly convenient alternative.
- Flexibility: When you book an FD with IndusInd Bank, you get to choose the amount, lock-in tenure, and maturity instructions. Hence, the process provides maximum flexibility to the account holder.
- Hassle-Free Online Booking: The process of booking an online FD with IndusInd Bank is pretty simple for both existing and new customers. If you are a new customer, you only have to submit a few essential documents to apply for the FD online.
How to Book IndusInd Bank’s Online FD as an Existing Customer
If you are an existing customer of IndusInd Bank, the process of opening an online fixed deposit is fairly straightforward. You can either opt for internet banking or the mobile banking method.
Step 1: Login using your internet banking ID and choose the deposit option.
Step 2: Click on the ‘Create Fixed Deposit’ option and fill the form precisely with valid details.
Step 3: On successful submission, the amount will be transferred from your savings account to the fixed deposit.
If you choose the mobile banking method, make sure to download IndusInd Bank’s mobile application – Indus Mobile.
Step 1: Open your mobile banking account and select the deposit option.
Step 2: Click on ‘Open FD’ and fill in your details.
Step 3: Select the amount you wish to add to your fixed deposit from your savings account.
Hassle-Free Eligibility Terms
You’ll be happy to know that IndusInd Bank has hassle-free eligibility criteria for the online fixed deposit. This ensures that people from varied walks of life can benefit from this savings tool. Therefore, IndusInd Bank’s online fixed deposit account can be opened by all resident individuals who are 18 or above and possess a valid PAN card.
Moreover, if you are an existing customer, you don’t need to provide any documents for validation as you already have a relationship with the bank.
Parting Thoughts
Picking the right investment tool for your funds is critical to safeguard your future and fulfil your financial aspirations. IndusInd Bank’s fixed deposit can be your ideal companion in this journey. It provides you with undeniable financial freedom and a myriad of features to help you grow your wealth over time. So, why delay? Follow these simple steps and apply for an online FD today!
