Is it safe to invest in an FD with IndusInd bank?
Yes, absolutely. DICGC insures your investment as well as the interest earned, up to a maximum of ₹5 Lakh.
For example:
If you have ₹4.95 Lakh in an account and earned ₹4,000 in interest, the DICGC will cover the full ₹4.99 Lakh.
However, if you have ₹6 Lakh in an account, the DICGC will only cover ₹5 Lakh as part of its insurance guarantee.