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Senior Citizen Fixed Deposits Scheme

  • Age is no excuse. Exciting benefits and higher interest rates to make your money work harder

  1. Personal
  2. Deposits
  3. Senior Citizen Scheme

Overview

Indusind Bank’s Senior Citizen Fixed Deposits scheme offers higher interest rates on those above 60 years. It is specially launched for senior citizens.

10,000

Minimum opening balance

7 days to 120 Months

Tenure

Up to 0.75% more interest than others

Rate of Interest*

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

Senior Citizen Fixed Deposits Scheme Benefits

Indusind Bank’s senior citizen fixed deposits scheme offers higher interest rates on those above 60 years. It is specially launched for senior citizens. In case of joint deposits, the first name should be that of a senior citizen. Do note that deposits under senior citizens should not be used as security for commercial purposes.

Invest in the senior citizen fixed deposits scheme with IndusInd Bank to enjoy:

  • Minimum deposit: Rs 10,000.
  • Interest rate: Up to 0.75% more than what’s applicable to a regular customer.
  • TDS on interest: As applicable
  • Deposit tenure: 7 days to 120 months
  • Nomination facility: Available
  • Premature closure: Allowed

Please click here for interest rates.

You can open a senior citizen’s fixed deposits scheme online. Here’s how:

  1. Click on the Apply Now button on this page.
  2. Fill in your details.
  3. Submit your form.

We will get back to you for further KYC process. Alternately, you can visit a branch and submit the deposit account form.

Eligibility Criteria of Senior Citizen Fixed Deposits Scheme

Eligibility Criteria
  • IndusInd Bank’s senior citizen fixed deposits scheme can be started with the following documents.
Documentation

If you are eligible, simply give us your basic documents and your application will get processed in no time. 

  • The application form.
  • Passport-size photo.
  • Identity proof such as passport, Aadhaar, driving license, government ID, senior citizen ID or PAN card.
  • Address proof such as passport, telephone bill, electricity bill, bank statement with cheque.
  • Introduction by an existing IndusInd Bank customer.

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FD Rate FD Rate
FD Rate
Regular Fixed Deposit

up to 7.25% interest p.a

Senior Citizen

up to 8% interest p.a

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