Fixed Deposit Eligibility Criteria

Fixed (term) deposit accounts are created for a certain period of time by depositing a fixed amount of money, through a one-time investment. This money attracts a stipulated rate of interest during the tenure of the account, which assures returns upon maturity. Opening a fixed (term) deposit account is a smart way to save your money, and earn money on those savings.

Being an extremely lucrative instrument to invest your savings in, you should be aware of your fixed deposit eligibility and create an account as soon as you are eligible. Like other financial institutions, we at IndusInd Bank also have our own set of fixed deposit eligibility criteria which you must consider before applying to quicken the process of creating your fixed deposit account. IndusInd Bank Fixed Deposits can be opened by Individuals, Government entities, HUFs, Sole Proprietorships, Partnership Firms, Ltd. Companies, Guardians on behalf of Minors, Societies, Clubs, Trusts and Associations.

Once you have determined whether you are eligible, it is very easy to open a fixed deposit account with us at IndusInd Bank. You must simply present some basic documents required for fixed deposit eligibility proof, and your application will get processed in no time. These fixed deposit eligibility documents include.

  • Identity Proof – Passport, Aadhar Card, Driving License, Government ID, Senior Citizen ID Card or PAN Card
  • Address Proof – Passport, Telephone Bill, Electricity Bill, Bank Statement with Cheque

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Note: The Minimum Amount for FD booking should be Rs.10,000/-