How to Open Fixed Deposit Account in Indusind Bank?

Indusind Bank offers Fixed Deposit (FD) products of multiple tenures at competitive interest rates and with many other benefits like loan or overdraft facility against Fixed Deposit. It is very easy to open a Fixed Deposit Account in Indusind Bank

Eligibility Criteria for opening Fixed Deposit Account in Indusind Bank

Any individual, Minor, HUF, proprietary/ partnership firm, LLP, company, AOP, body of individuals (BOI), local authority, trust, NRI and registered society can invest in fixed deposits (FD).

Documents required for opening Fixed Deposit Account in Indusind Bank

Following Documents are required for opening a Fixed Deposit Account

How to Open Fixed Deposit Account in Indusind Bank?

In order to open a Fixed Deposit Account in Indusind Bank, you need to follow below mentioned steps:

You need to visit the Indusind Bank branch in which you want to open your FD account. People generally prefer to open FD account in a nearby branch.

Obtain the Fixed Deposit Account Opening Form and fill up all the necessary details of the customer's information and other details in the different sections given in the prescribed form like name, address, contact number, email id, PAN, type of account to be opened, nominee's name, etc.

Banks usually offer various FD tenures from 7 days to 10 years. You can select any tenure based on your financial goals which you want to be fulfilled with the help of said FD. You need to mention FD tenure/ period/ or Term in the account opening form which ranges from 7 days to 10 years.

You need to attach a cheque worth of that amount you wish to deposit for FD. Alternatively, you can also transfer that amount through net banking from another account.

After completing filling up the account opening form, you need to attach KYC documents like PAN, Proof of Address & Proof of Identity.

Some banks make it mandatory to provide Permanent address and telephone number.

Banker will verify Account Opening Form (AOF) and other attached documents. If he is satisfied with these requirements, he will proceed further.

Once your documents are successfully verified, the banker will give you acknowledgement slip of FD Account Opening Form.

Important Points regarding Opening Fixed Deposit Account in Indusind Bank

• Research and select the bank paying maximum rate of interest on Fixed Deposit for the FD tenure you require.
• Once opened, you can not deposit any further amount in your FD account.
• Different Banks offer different rate of interest under Fixed Deposit Account.
• Select a nearby bank branch.
• Fill the account opening form in CAPITAL LETTERS using black ink.
• Countersign in case of any overwriting while filling up the account opening form.
• You must avail the nomination facility.
• Don't forget to take the original KYC documents with you for verification purpose.
• If your mailing address and permanent address are different, provide address proof documents for both.
• You must mention your mobile number and email id in your FD account opening form in order to receive any communication by the bank.

Open FD Account in other Banks