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Let’s be honest – we’re thriving in these uncertain times. The pandemic has made things even worse. Financial security has become more important. This is where this article can come in handy.
IndusInd Bank’s fixed deposit is a great choice if you’re looking for a safe and stable investment option. It offers reliable returns, which can help you feel more secure during uncertain times. So, if you’re looking to invest your money, a fixed deposit from IndusInd Bank is a smart choice.
Keep reading this article till the end to understand how to maximise your interest returns with .
Increase Returns with Compounding
The cumulative FD plan allows you to accumulate the interest amount and reinvest it with your principal amount, earning even more on your deposits. This can grow into a substantial amount over the long term. By choosing this plan, you can maximise your earnings from your fixed deposit.
A Tax-Saving Fixed Deposit
A tax-saving FD could be an excellent option when looking for a way to save your spare funds and reduce your tax liability. Numerous banks give this type of account, which offers tax benefits under section 80C of the Income Tax Act. Before you open an account, ensure to analyse the rules related to tax-saving deposits.
Opt for an Online FD
IndusInd Bank offers customers the convenience of opening an FD account online. This way, you can start a deposit immediately! The online application process is simple and easy to complete, and you can do it all from the comfort of your home. In addition, there are various FD products to choose from, so you can find the one that best meets your needs. So why wait? Apply for an FD account online now!
Bonus Tip: Avoid Withdrawing Early
Premature withdrawals from fixed deposits can come with penalties, so it’s important to be careful about the same. There are other ways to fund immediate expenses without having to withdraw your investment prematurely. You could consider alternate mediums of investment such as mutual funds or stocks. This will help you avoid any penalties and will also allow you to keep your original investment intact.
Top Highlights of IndusInd Bank FD Scheme
- A customer can select from yearly, monthly or quarterly interest payouts.
- Flexible tenure for term deposits.
- This Term Deposit variant can automatically renew.
- The depositor’s Savings or Current Account is credited with the interest earned.
- The nomination option is also available.
- You can also opt to get the interests at the tenure’s completion.
Final Word
IndusInd Bank offers a variety of fixed deposit products to help you save and grow your money. Our fixed deposits are a great way to get started with investing. They offer guaranteed returns that can help you reach your financial goals.
We have a variety of products to choose from, so you can find the one that best suits your needs. Contact us today to learn more and open a Fixed Deposit account online!
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