How Can You Get Maximum Returns on IndusInd Bank Online FD?

How Can You Get Maximum Returns on IndusInd Bank Online FD 2022

How Can You Get Maximum Returns on IndusInd Bank Online FD?

If you are a risk-averse investor, IndusInd Bank’s online fixed deposits are the perfect financial tool for you. They give you assured returns at high rates of interest and offer liquidity so that you can access your savings in times of need.

Although fixed deposits offer several benefits, you should also plan your investments so that you can make the most of your savings. Here’s how you can get the maximum returns on your IndusInd Bank online fixed deposit.

Know Your Financial Goals

Before you invest in an FD, you should have a clear understanding of your financial objectives. Only then can you make the most out of your investment. Typically, your short-term investments will serve your short-term needs, and your long-term investments will meet your long-term needs.

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So, if you want to create one or more fixed deposits, be clear on the purpose of each one. This step will help you choose your investment amount, tenure, and FD variant (cumulative or non-cumulative).

Consider Auto-renewal

You can maximise your returns if you know how to manage your deposits well. Once your fixed deposit reaches its maturity date, you have two options. Either you can withdraw the amount at maturity, or you can renew the fixed deposit. But if you happen to forget about the money, it will lie stagnant with the bank.

IndusInd Bank’s online FDs have an auto-renewal facility, so you can choose to renew your deposits while you are booking them. Auto-renewing can be beneficial if you don’t need the money shortly and the interest rates have increased.

Understand the Taxation Laws

While managing your FDs, you must file your returns on time and be aware of the latest changes in the tax laws for FD returns. By doing this, you can take advantage of those tax exemptions for which you are eligible.

For example, if you are a senior citizen and have no tax liabilities, you can submit form 15H and request exemption from TDS on your interest income.

Consider the Laddering Method

With the laddering method, you can divide your total amount into multiple FDs with different tenures. 

Suppose you want to invest Rs. 10 lakhs. You can break this amount into five equal deposits of Rs. 2 lakh each but with different maturity dates and set up auto-renewal.
 

Thus, you will have Rs 2 lakh each in a 1-year, 2-year, 3-year, 4-year and 5-year deposit. When your 1-year FD matures and gets auto-renewed for five more years, it will mature in the sixth year. Similarly, the 2-year FD will mature in the seventh year. The 3-year FD will mature in the eighth year and so on.
 

By doing this, you will create an investment loop where one of your FDs matures every year. Depending on your corpus and financial needs, you can create your own ladder. And IndusInd Bank’s online FDs offer you flexible tenure options, so you can choose any number of years you desire.

There are two benefits of the ladder method:

  1. You don’t need to liquify all of your savings when you need funds if liquidating a single FD can solve your needs. In this way, you will not miss out on interest earnings on your remaining investments but have liquidity at the same time.
  2. You will average out any interest rate fluctuation in the long term.

In Conclusion

FDs are low-risk investment avenues that offer moderate returns. However, planning your investments can help you get the most out of your fixed deposits. With IndusInd Bank’s online fixed deposits, you can easily manage your funds online and put your hard-earned money to work!

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How Can You Get Maximum Returns on IndusInd Bank Online FD?

How Can You Get Maximum Returns on IndusInd Bank Online FD?

How to get better returns by investing in a fixed deposit?

For years, the fixed deposit or the FD has been quite popular among consumers seeking returns in relatively damaged returns. Then, FDS rose to popularity as a safe investment option; However, with the growing consumer awareness, this notion is changing. The fixed deposit scheme is also gaining popularity for its possible highest yields.

Almost all banks in the country offer a fixed deposit scheme with variable interest rate amounts. In addition, you can invest a minimum and maximum amount of deposit for different sendas that are usually flexible. It would help if you considered all aspects of the FD before investing your money in any scheme. And to help you draw better returns by investing in a fixed deposit, here are some tips:

Manage your FDS Help

produce better yields of a fixed deposit, and it is essential to manage your FD. Reinvestment and scale are two primary weapons of consumers to collect their fixed deposits. You can return your money in the fixed deposit scheme at expiration, called reinvestment. It requires that you supervise your investment continuously and manage your account. However, Indusind Bank customers can avoid this discomfort by opting for the automatic renewal installation. In addition, you can reserve deposits through mobile banking or the internet for additional convenience.


Income tax returns may affect your FD returns.

Being particular with the presentation of your income tax returns can help you get higher returns from FDS. Now and then, the tax implications of FD tend to modify what directly impacts the amount of performance you will receive in the tank. Therefore, it must be well versed with the same to take full advantage of the investment. Indusind offers tax savings deposits (up to Rs. 1,50,000). You can also take advantage of tax exemption if you fall under the low-income population. In addition, when filing your ITR with Forms 15G or 15H, you can receive tax exemptions.
Cumulative FDs can produce better yields than non-cumulative FDs.


Fixed deposits not accumulated are ideal for people seeking regular income from their FDS. You can take advantage of the interest payable with the Indusind Bank. We offer our customers annual, quarterly, semi-annual, and monthly options of interest, apart from the variant ‘in Maturity.’ On the other hand, the cumulative FD allows you to compose your interest in reinvesting interest, along with the principal amount. You, therefore, receive more returns in the FDS.
The cumulative and not accumulated FDs are intended for different groups of the population that have other long-term objectives. For example, retirees can benefit more from non-cumulative FD than cumulative. It would help if you did your math before parking your money in a fixed deposit.

Fixed stair deposits

A typical way to improve returns in FD is to divide the number of unique deposits into multiple FDs. This process, scale, allows you to enjoy liquidity at regular intervals with certain tax benefits.
As FDs are primarily understood as a long-term investment for higher yields, the liquidity period generally raises a disadvantage for consumers. However, through scales, it can also overcome this deficiency. We offer several fixed deposit schemes to provide the flexibility to invest your money as you wish. Therefore, it can take advantage of the highest yields with reduced risks of premature retreat losses.
You can receive considerably higher yields on your fixed deposits if you follow these tips. Our customers enjoy competitive interest rates at the top of 6.5% and several other notable benefits in our fixed deposit schemes. In addition, the elderly can benefit from the special Indusind rates that increase up to 7%. Then, Indusind Bank wins guaranteed and high returns from their investments and sees that their money grows constantly.

How Can You Get Maximum Returns on IndusInd Bank Online FD?

How Can You Get Maximum Returns on IndusInd Bank Online FD?

Last update on 2022-06-26 / Affiliate links / Images from Amazon Product Advertising API

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