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.
IndusInd Bank has a good reputation. The bank has a solid AA+ rating from CRISIL and ICRA. So, is IndusInd Bank safe for fixed deposits? Well, yes it is generally considered safe. Your FD is also protected under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme up to ₹5 lakh.