Is Indusind Bank Safe?

Two years back, I got my salary account opened in IndusInd Bank. Although this bank is one of the top private sector banks in India, one question always in my mind is how safe is IndusInd Bank? As you know, the customers' top concern when it comes to banking is safety. According to me, I haven't faced any issues till now with this bank.

Indusind Bank safe or not?

There are various aspects of IndusInd Bank that demonstrate its dependability and safety.

• IndusInd Bank stands itself as a reputable and trustworthy firm among the several banks that offer FDs. 

• The capital base and liquidity position of this bank are important indicators of its strong financial condition. 

• The Reserve Bank of India (RBI), which assures that banks meet all regulatory requirements and serves as an intermediary to safeguard the stability of the banking industry, regulates and supervises the IndusInd Bank.

• It has a simple and quick booking process.

• On fixed deposit plans, IndusInd Bank offers reasonable interest rates as provided by Anamika Sen above.

• The bank constantly provides strong financial reports, demonstrating its capacity to withstand any potential risks or losses. 

IndusInd Bank in my opinion is the safe bank. However, it is crucial that you do your due diligence on your particular financial needs. I hope I answered your query on: Is Indusind a safe bank?

.

.

I availed a loan from Indusind Bank and they literally harassed me before approving it. During one of my visits, I came across a person having an FD here and he too was not quite satisfied with the officials. The officials are too reluctant to share details. The person wanted to put his money in fixed deposit for 2 years and was promised to be given an

8.25% interest rate. He applied for it and after he filled out the form, he was informed by another official that the interest rate was going to be 7.75%. So if you are wondering

is Indusind Bank safe for fd, let me tell you its not. They might change the rates whenever they want. This bank is not good for FDs or loans as well.

If anyone asks me is Indusind Bank safe for FD or not, I will say no. I fixed my FD here a few years ago and it was the last and first time. I deposited it for 1 year in January 2017 and after a few months, I went to just enquire about its interest rate. I wanted to know whether the interest rate had gone up or not so that I could make another FD there. The officials seemed to have no interest or knowledge about it. They mentioned quite different rates so I asked the manager about it. Their rates differed from one another which was pathetic. You should know these things if you are working in a bank. Since then I never opened an FD here. I feel if a bank fails to fail correct information, it should not be trusted at all.

I am a customer of Indusind Bank for the last five years and am quite happy with their service. Their interest rate for FDs is also quite good-

I have 2 FDs here and am really happy with their rates and service. So if you are worrying is indusind bank safe for fd, do not worry. They are safe and provide a good interest rate for them as well.