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2. Use Forex Card IndusInd Forex card is the quickest and easiest way to get the best currency exchange rates. This is because the value of the foreign currency loaded in your card is determined on the current exchange rate of the day and it remains fixed.
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The Financial Markets department compiles indicative foreign exchange rates daily for use by the general public. These rates reflect the average buying and selling rates of the major participants in the foreign exchange market at the open of trade every day, thus providing a good indicator for any interested party on the value of the shilling on any particular day.
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A fixed deposit allows you to make a one-time investment in an account which you create for a stipulated period of time. This is a safe investment, with guaranteed returns, which attracts a fixed rate of interest till the date of maturity. We at IndusInd Bank offer you the flexibility to choose when to collect the income accrued on your deposit.
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Depending on the difference in currency rates and the amount to be transferred, the charges on remittance are also different. Scheme as provided in regulation 4 to FEMA Notification 1/2000-RB, dated the 3rd May, 2000 if it is so required by a medical institute offering treatment or the university or country of emigration, respectively. NA
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Indusind Bank fixed deposit on a short term basis has a tenure of maximum 30 days, and the short term fixed deposit rates in Indusind bank is 4.50% per annum, which is compounded annually. As for long term fixed deposit in Indusind Bank, the maximum term of deposit is from 1 to 5 years. The long term rate of interest on FD in Indusind Bank is 7
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