A new-generation bank that was founded during the 1990s is the IndusInd Bank. It has come a long way in providing financial assistance to millions of people in the world today. IndusInd Bank FD calculator is one such platform through which customers can avail of various facilities and benefits. Using the IndusInd Bank FD calculator, investors can come up with good investment strategy schemes and can also calculate the time frame during which their customers can or want to invest their money.
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Features of IndusInd Bank Fixed Deposit
There are various features of the IndusInd Bank fixed deposit. These features are of great benefit to all the customers and make the fixed deposit options even more user-friendly. They are quite flexible and thus help investors to invest money with ease and convenience.
Some of the features of the IndusInd Bank fixed deposit are as follows:
- Tenure: The tenure of the IndusInd Bank fixed deposit is quite flexible and effective. The period ranges from 7 days to more than 5 years. Customers have a wide range of choices from which they can choose the time frame according to their convenience.
- Interest rates: The IndusInd Bank fixed deposit interest rates are quite feasible too. They range between 3.50% per annum to 7.75% per annum for the general public. For senior citizens, the range differs.
- Payout options: The interest payout options of IndusInd Bank fixed deposit are something that attracts customers too. The payout options are quite dynamic and have been formed, keeping in mind the benefits of the various customers. The investor can either choose to get the payout every year, on a half-yearly basis, every month, or every quarter.
- Nomination: The IndusInd Bank FD also gives its customers the nomination facility. They can choose to nominate someone who can avail of the benefits of the fixed deposit in case of the sudden demise of the original account holder. They can assign the role of a nominee to someone who is trustworthy, and thus the account will remain in safe hands.
- Premature withdrawal: The fixed deposit account holders in IndusInd Bank can avail the benefit of premature withdrawal. If they wish to withdraw the money before the maturity period, then they can do so without any hassle. But doing that will require them to pay a penalty of just 1%. This is usually done to encourage saving habits among people.
Benefits of IndusInd Bank Fixed Deposit Interest Calculator
If we do a thorough analysis of the IndusInd Bank FD calculator, then we will come across the various benefits that it holds. These benefits make the FD interest calculator quite a user-friendly platform that can be easily accessed by anyone and everyone. One who plans to invest in IndusInd Bank FD must surely make use of the FD interest calculator as a part of the basics.
Some of the benefits of the IndusInd Bank FD interest calculator are listed below:
- It provides us with answers about the entire amount that we are going to receive during the maturity period.
- It also provides us with the ability to customise the interest rates at our convenience.
- The number of times the interest rate is compounded can also be chosen by us.
- The FD interest calculator also helps us to come up with suitable investment schemes that are beneficial for us so that our financial goals are easily met.
- The time frame for which we want to or can invest is also available to be selected in the FD interest calculator, thus making our work quite simple.
How is IndusInd Bank FD Interest Rate Calculated?
The IndusInd Bank FD interest calculator requires certain steps to be followed and formulas to be used to calculate the FD interest rates. To calculate the IndusInd Bank FD interest rate, the step-by-step guide as mentioned below needs to be followed:
- Step 1: In the very first step, we need to enter the amount which we wish to invest in the FD of the IndusInd Bank.
- Step 2: After this step, we need to enter the desired interest rate we want, as offered by the bank.
- Step 3: In the third and final step, we need to enter the tenure and compounding times that we want for the fund.
What are IndusInd Bank FD Interest Rates?
The IndusInd Bank FD interest rates are as mentioned below in the table. These FD interest rates vary from time to time and are different for regular citizens as well as senior citizens.
Highest slab rate | Interest rate (1 year to 2 years) |
1 year | 7.75% |
2 years | 7.75% |
3 years | 7.50% |
4 years | 7.25% |
5 years | 7.25% |
Tax saving FD | 7.25% |
Summing Up
IndusInd Bank FD calculators can help calculate returns and help you make better financial decisions. IndusInd Bank offers lucrative returns for senior citizens, NREs and NROs. Hence, investing in a IndusInd Bank fixed deposit can be an ideal choice for a better financial future.
IndusInd Bank FD Calculator : FAQs
What is the minimum period for the IndusInd Bank FD?
The minimum period for the IndusInd Bank FD is 7 days.
What is the maximum period for the IndusInd Bank FD?
The maximum period for the IndusInd Bank FD is 10 years.
What is the highest interest rate offered to regular citizens under the IndusInd Bank FD scheme?
The highest interest rate offered to regular citizens under the IndusInd Bank FD scheme is 7.75% per annum for a period of 1 year to 2 years.
What is the highest interest rate offered to senior citizens under the IndusInd Bank FD scheme?
The highest interest rate offered to senior citizens under the IndusInd Bank FD scheme is 8.25% per annum for a period of 1 year to 2 years.
Is the IndusInd Bank FD rates calculator available online?
Yes, the IndusInd Bank FD rates calculator is available online. This feature makes it easily accessible by the customers within the comfort of their homes, without having to rush to the banks.