|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|7 days - 14 days||2.8%||2.8%|
|15 days - 29 days||2.8%||3.3%|
|30 days - 1 month 14 days||3%||3.5%|
|1 month 15 days - 2 months 29 days||3.25%||3.75%|
|2 months 30 days - 3 months 28 days||3.5%||4%|
|3 months 29 days - 5 months 28 days||3.85%||4.35%|
|5 months 29 days - 8 months 29 days||4.5%||5%|
|9 months - 9 months 25 days||4.75%||5.25%|
|9 months 26 days - 9 months 26 days||7.05%||7.55%|
|9 months 27 days - 11 months 28 days||4.75%||5.25%|
|11 months 29 days - 11 months 29 days||6.1%||6.6%|
|1 year - 1 year 1 month 2 days||6.3%||6.8%|
|1 year 1 month 3 days - 1 year 1 month 3 days||7.25%||7.75%|
|1 year 1 month 4 days - 1 year 11 months 28 days||6.3%||6.8%|
|1 year 11 months 29 days - 2 years 11 months 28 days||6.7%||7.2%|
|2 years 11 months 29 days - 4 years 11 months 28 days||6.25%||6.75%|
|4 years 11 months 29 days - 9 years 11 months 27 days||6.1%||6.6%|
Note: All interest rates shown above are as on 5th Sep 2023
Indian Bank was established as a part of the Swadeshi movement in 1907. Indian Bank provides a wide spectrum of banking products and services. In April 2020, the amalgamation of Allahabad bank with Indian bank took place. The bank has its headquarters in Chennai. As of March 2022, the Indian bank has 5,732 branch offices across India and 3 overseas branches and 4,925 ATMs. The total deposits as of March 2022 stood at INR 5,93,618 crores. Indian Bank’s Fixed Deposits have an AA+ Credit Rating.
2.8% - 7.25%
2.8% - 7.75%
FD Rate for Seniors
₹ 2 Crores
Loan against FD
|Investment Amount||For 3 years with interest of 6.25%||For 5 years with interest of 6.25%|
|₹ 50,000||₹ 60,282||₹ 68,286|
|₹ 1 lakh||₹ 1,20,564||₹ 1,36,573|
|₹ 2 lakh||₹ 2,41,129||₹ 2,73,146|
|₹ 5 lakh||₹ 6,02,822||₹ 6,82,865|
|₹ 10 lakh||₹ 12,05,643||₹ 13,65,730|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹ 1,06,273||₹ 1,08,623|
|Total Investment Amount||₹ 1,00,000||₹ 1,00,000|
|Total Interest Gained||₹6,273||₹ 8,623|
|Bank Name||FD Interest Rates|
|Utkarsh Small Finance Bank FD||8.3% - 8.9%|
|Bank of India FD||6.5% - 7.25%|
|Tripura Gramin Bank FD||6.6% - 7.1%|
|Paschim Banga Gramin Bank FD||5.3% - 5.8%|
|Nainital Bank FD||6.25% - 6.75%|
|Indian Overseas Bank FD||6.5% - 7%|
|Jammu & Kashmir Bank FD||6.5% - 7%|
|ESF Bank FD||8% - 8.5%|
|SCB FD||7.1% - 7.6%|
|Capital Small Finance Bank FD||7.15% - 7.65%|
Indian Bank offers multiple fixed deposits for various tenures with different interest rates to its investors. The interest rate on Indian Bank FDs is higher in their savings account. One can invest in Indian Bank FDs through both online and offline modes with just a minimum investment of INR 100. This article covers Indian Bank FD, its features and interest rates in detail.
Following are the types of FD schemes offered by Indian Bank:
The deposit scheme offers good interest rates enabling the depositors to earn significant returns. Also, it offers great flexibility and liquidity.
Term deposits are repayable after an agreed period fixed at the time of deposit. The interest payment is on the maturity of the deposit along with the principal.
Depositors can claim tax benefit under Section 80C of the Income Tax Act. Deposits up to INR 1,50,000 per year qualify for the benefit.
IND Non-callable deposit scheme is a new term deposit that doesn’t allow premature withdrawals during the tenure of the deposit.
Shakti 555 days is fixed maturity FD scheme of 555 days.
Tenure: 555 days
Minimum Deposit Amount: INR 5,000
Maximum Deposit Amount: INR 2 crore, above INR 2 crore it is considered as bulk deposit.
Scheme Validity: 31/3/2023
One can open an Indian Bank FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open an Indian Bank FD account through internet banking:
The following steps will guide in opening an FD account through Indian Bank Mobile App:
To open an Indian Bank FD account offline, one has to visit the nearest Indian Bank branch. Fill the Indian Bank FD application form and submit all the necessary documents along with the deposit amount. On successfully processing the application, the Indian bank will provide an FD receipt.
One can invest in Indian Bank Fixed Deposit online or offline. The documents required to open a fixed deposit account are:
Following is the eligibility criteria for opening an Indian Bank FD:
Indian Bank offers recurring deposits to its depositors. Indian Bank recurring deposits have a minimum tenure of six months and a maximum tenure of 10 years. Depositors can open an RD account either by going to the Indian Bank branch or online using internet banking.
What is the highest Indian Bank FD rate today?
What is the highest interest rate on Indian Bank 1 year FD scheme?
What is Indian Bank FD scheme interest rate for 5 years?
How many years FD will double in Indian Bank?
What is Indian Bank FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in Indian Bank?
What are the available FD tenures in Indian Bank?
What is Indian Bank FD ROI for 10 lakh deposit for 1 year?
The interest from the Indian Bank FD calculator for 10 lakh deposit for 1 year will be INR 72,823. The maturity value will be INR 10,72,823. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in Indian Bank?
How many FDs can be opened in Indian Bank?