Flexi Fixed Deposit IndusInd Bank

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What is an IndusInd Bank Flexi Deposit?

IndusInd Bank Flexi Deposit is a secured deposit facility available for both savings and current accounts. For savings accounts, when the balance exceeds ₹20,000, the surplus amount is automatically swept into a Flexi fixed deposit in multiples of ₹1,000, and if it drops below ₹10,000, a sweep-out is triggered to maintain the minimum balance. Similarly, for current accounts, the facility is available across multiple variants, such as the Indus Premier Current Account, which requires an Average Monthly Balance (AMB) of ₹50,000. 

IndusInd Bank Flexi Deposit Interest Rates

The interest rates on Flexi Fixed Deposits are similar to IndusInd Bank's regular FD rates. Below is the Flexi Fixed Deposit Interest Rates table, showing the IndusInd Bank FD rates:

Flexi Fixed Deposit Interest Rates for Less Than ₹3 Crore

*IndusInd Bank FD interest rates w.e.f. June 16, 2025

To explore comparative options, check the FD interest rates in India.

Key Features of IndusInd Bank Flexi Fixed Deposit

The IndusInd Bank Flexi Fixed Deposit offers several useful features. Here’s why it can be a good choice for managing your savings:

• Higher Interest: With a Flexi Fixed Deposit, you earn a higher interest rate than a regular savings account, with interest rates of up to 7.75% per annum. This helps your surplus funds grow more efficiently while keeping them accessible when needed.
• Loan Facility: You can avail a loan of up to 90% of the Flexi FD value. For instance, if your FD is ₹10 lakh, you may be eligible for a loan of up to ₹9 lakh.
• Easy Access to Funds: Flexi Fixed Deposit allows you to earn interest while keeping your money accessible. You can use the funds whenever needed, without losing the interest you've earned.
• Withdraw funds partially: Unlike traditional fixed deposits, Flexi FDs let you take out a portion of your money without closing the entire deposit. This helps you stay on track with your long-term savings plans while meeting short-term needs.

How to Open an IndusInd Bank Flexi Fixed Deposit?

You can open an IndusInd Bank Flexi Fixed Deposit online or by visiting a branch. Existing customers can book the deposit directly. New customers need to open a savings account first and then link the Flexi Fixed Deposit. The detailed steps for opening the deposit are outlined below.

1. Online FD Account Opening

   You can book an IndusInd Bank FD online if you are an existing customer with NetBanking or the IndusMobile app.

   • NetBanking or Mobile App: Log in to your IndusInd Bank NetBanking with your credentials or open the IndusMobile app.
   • Go to ‘Fixed Deposit’: Tap on 'Term Deposit/Fixed Deposit' and then select 'Open FD'.
   • Select FD Amount: Select your account and enter the amount (starting from ₹10,000).
   • Select FD Type: Choose a deposit type from the available options, such as a cumulative (reinvestment) or non-cumulative (interest payout) FD.
   • Maturity Instructions: Select options for auto-renewal, interest payout frequency, or payout at maturity.
   • Review & Confirm: Check all details, accept the terms & conditions, and submit.
   • FD Receipt: Generate and print the term deposit receipt (e-TDR) instantly.

2. Offline FD Account Opening

   If you prefer the offline process, you can visit your nearest IndusInd Bank branch to book a fixed deposit with the flexi facility.

   • Visit IndusInd Bank Branch: Visit an IndusInd Bank branch with your PAN/Aadhaar and cheque/cash.
   • IndusInd Bank FD Form: Fill out the Term Deposit form at the IndusInd Bank branch.
   • Submit Documents: Submit the required KYC proofs if you are a new customer.
   • Fund Transfer/Deposit: Deposit the FD amount (minimum ₹10,000) digitally, through cheque, or cash.
   • Tenure & Interest Options: Choose the tenure (7 days to 10 years) and interest payout frequency.
   • Get the FD Receipt: IndusInd Bank will issue a Term Deposit Receipt (TDR) as confirmation.

Difference Between Flexi Fixed Deposits and Regular Fixed Deposits

Here’s a quick comparison of IndusInd Bank's Flexi Fixed Deposit and Regular FD:

Key Takeaways

IndusInd Bank Flexi Fixed Deposit is a smart option for those who want to earn higher returns than regular FDs without locking in their money. INDIE Fixed Deposits have an automatic sweep-in and sweep-out feature that keeps your funds active and helps you avoid IndusInd Bank FD premature withdrawal. It's a good choice for professionals, business owners, and anyone with steady savings. You also benefit from partial withdrawals without affecting the entire FD, offering better liquidity.