IndusInd Bank Short Term FD

What is IndusInd Bank Short Term FD?

IndusInd Bank Short Term Fixed Deposits allow investors to build funds safely across tenures ranging from 7 days to 12 months, with deposits up to ₹3 crore qualifying for competitive interest rates. Resident individuals can earn up to 6.75% annually, while all senior citizens receive up to 7.25%, ensuring healthy growth without exposure to market volatility through a simple 100% digital booking process.

IndusInd Bank Short Term FD Interest Rates

IndusInd Bank offers FD rates on short-term deposits below ₹3 crore, giving competitive returns to general investors and senior citizens for tenures spanning from 7 days to 1 year, as presented in the table below:

*IndusInd Bank Short Term FD interest rates w.e.f 25 September 2025

Key Features of IndusInd Bank Short Term FD

IndusInd Bank Short Term FDs offer a combination of convenience, flexibility, and guaranteed returns. Key features of short term FD in IndusInd Bank include:

• Hassle-Free Instant Booking: Book a fixed deposit 100% online in just 3 easy steps using PAN and Aadhaar credentials without branch visits.
• Sweep-In and Sweep-Out Facility: If the balance in your savings account is insufficient, the required amount is automatically taken from the linked fixed deposit under the IndusInd Bank sweep in FD facility. Meanwhile, surplus funds in the savings account are placed into the fixed deposit by sweep-out, helping ensure liquidity while earning higher interest on excess balances.
• Instant Video KYC: Complete KYC digitally via Video KYC, allowing account holders to open FDs for any amount without paperwork or branch visits.
• Guaranteed Returns: FD returns stay entirely protected from market volatility, ensuring stable income and fixed maturity proceeds.

How to Open an IndusInd Bank Short Term FD?

Opening an IndusInd Bank Short Term Fixed Deposit is a simple and customer-friendly process. The bank offers both online and offline facilities, enabling all investors to select the option that best meets their convenience.

Online Method

The online facility enables a 100% paperless and instant booking option, suitable for customers looking for a quick setup from anywhere:

• Visit Website: Access the IndusInd Bank fixed deposit page online securely.
• Amount Entry: Choose tenure seven days, twelve months enter the amount.
• Identity Check: Provide PAN Aadhaar numbers to verify identity securely.
• Online KYC: Complete video KYC online without documents branch visit.
• Payout Choice: Select preferred interest payout frequency based on income needs.
• Instant Update: Transfer funds digitally, receive instant confirmation email or SMS.

Offline Method

For people choosing face-to-face assistance or classic banking channels, offline access remains available via IndusInd Bank branches for all customers:

• Branch Visit: Visit the IndusInd Bank branch during working hours today.
• Required Proof: Carry a valid PAN and Aadhaar for identity verification.
• Application Form: Complete the FD application form with nominee investment details.
• Deposit Setup: Choose tenure investment amount and interest payout frequency.
• Payment Method: Deposit the FD amount via cheque or cash modes.
• Confirmation Slip: Receive the FD receipt and confirmation after successful processing.

Eligibility Criteria Indusind Bank Short Term FD

To open a Short Term Fixed Deposit with IndusInd Bank, individuals must fulfil the required eligibility criteria set by the bank to ensure regulatory compliance and secure account operations. These requirements apply to both individual depositors and various business or institutional entities.

General Requirements

All applicants must fulfil the following basic criteria:

• Indian Citizenship: The applicant must be a citizen of India to open a domestic fixed deposit account.
• Minimum Age: Individuals must be 18 years or older at the time of application.
• Valid KYC Documents: Submission of the mandatory identity and address proofs, including PAN and Aadhaar, is required to complete the KYC verification process.

Eligible Entities

IndusInd Bank offers services that help organisations to open fixed deposit accounts, including options:

• Private investors seeking secure personal savings
• Limited liability companies
• Hindu Undivided Families (HUFs)
• Sole proprietorships
• Registered partnership businesses
• Guardians on behalf of minors for building early savings
• Societies and clubs handling operational funds
• Trusts and groups safeguarding institutional finances

Tax Implications for IndusInd Bank Short Term FD

Under income tax provisions, interest on fixed deposits is taxable. When the FD interest goes beyond ₹50,000 for residents, or ₹1,00,000 for senior citizens, the bank deducts 10% Tax Deducted at Source (TDS) as per applicable rules. Investors may apply Form 15G as individuals or Form 15H as senior citizens to avoid TDS if income remains below the taxable limits.

Key Takeaways

IndusInd Bank Short Term FDs provide attractive FD interest rates between 3.25% and 6.75% for general investors, with returns up to 7.25% for senior citizens, covering tenures from 7 days to one year. Through complete digital booking, instant Video KYC, easy auto-renewal options, and investment limits up to ₹3 Cr, these deposits provide security and stable income growth. With 100% digital booking, instant Video KYC, auto-renewal, sweep-in and sweep-out features, plus interest payout choices, a short term FD at IndusInd Bank ensures liquidity, safety, and steady income growth.