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IndusInd Bank Recurring Deposit

Recurring Deposit (RD)

  • Build up your savings through regular, small deposits

  1. Personal
  2. Deposits
  3. Recurring Deposit

Overview

Put your savings aside consistently to enjoy returns, all at once, with IndusInd Bank’s Recurring Deposit. 

1000

Minimum investment

12 to 120 months

Tenure

7.00%

Rate of Interest*

*Refer Interest Rate section for amount, tenure & interest rate

Recurring Deposit Benefits

Recurring Deposit Account Online

Invest a fixed amount of your savings in a recurring deposit with IndusInd Bank to enjoy:

  • A fixed monthly installment will be remitted to your Recurring Deposit account by a standing order, ECS mandate or by regular direct remittance.
  • Opening balance: Rs 1000, minimum. Please note the maximum amount that can be deposited into a RD is Rs 3 Crore.
  • Recurring deposit interest rate: As applicable for term deposits including the benefits of senior citizens.
  • TDS on interest: As per the current income tax regulations.
  • Deposit tenure: 12 to 120 months
  • Nomination facility: Available
  • Premature closure: Allowed
  • Recurring deposits can be booked in multiples of 100 only.

Please click here for interest rates.

Please visit your nearest branch and submit the deposit account form to open an RD with us.

Eligibility Criteria Recurring Deposit

Recurring Deposit Eligibility

IndusInd Bank’s recurring deposit can be opened by individuals and non-Individuals.

Recurring Deposit Documentation

The recurring deposit documents include:

  • The application form.
  • Passport-size photo.
  • Valid KYC documents such as any of the below mentioned OVD documents such as passport, driving license, proof of possession of Aadhaar number, the Voter's Identity Card issued by the Election Commission of India, job card issued by NREGA duly signed by an officer of the State Government and letter issued by the National Population Register containing details of name and address.

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FD Rate FD Rate
FD Rate
Regular Fixed Deposit

up to 7% interest p.a

Senior Citizen

up to 7.75% interest p.a

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