Indian Bank Interest Rates

Indian Bank FD Interest Rates Today – Nov 18, 2024

Indian Bank fixed deposit interest rates ranging from 2.80% to 7.25% annually for the general public and 3.30% to 7.75% annually for senior citizens, with tenure periods spanning from 7 days to 10 years. Indian Bank Tax Saving FDs provide an interest rate of 6.10% to 6.25% annually for the general public and 6.60% to 6.75% annually for senior citizen depositors.

Features of Indian Bank FD Interest Rates

Feature	Description
Interest Rates (%p.a.)	2.80% – 7.25%
Minimum Deposit	Rs. 1000
Period	7 Days – 10 Years
Senior Citizen (Age Above 60 Year)	Extra 0.5% p.a.
Compounding	Quarterly
Calculate FD Returns	Indian Bank FD Calculator

NOTE:

• An additional interest rate of 0.50% is provided to senior citizens (aged 60 years and above) for deposits ranging from 15 days to 5 years, while a rate of 0.75% is applicable to deposits exceeding 5 years up to 10 years.
• For super senior citizens (aged 80 years and above), an extra 0.75% interest rate is offered for deposits up to 5 years, and a 1% additional interest rate is provided for deposits extending beyond 5 years up to 10 years.

Indian Bank FD Interest Rates [Below Rs.2 Crore]

All interest rates shown below are annual (% p.a.) with effect from 4 March 2023.

Period	General Public	Senior Citizens
7 days to 14 days	2.80	2.80
15 days to 29 days	2.80	3.30
30 days to 45 days	3.00	3.50
46 days to 90 days	3.25	3.75
91 days to 120 days	3.50	4.00
121 days to 180 days	3.85	4.35
181 days to less than 9 months	4.50	5.00
9 months to less than 1 year	4.75	5.25
1 year	6.10	6.60
Above 1 year to less than 2 years	6.30	6.80
2 years to less than 3 years	6.70	7.20
3 years to less than 5 years	6.25	6.75
5 years	6.25	6.75
Above 5 years	6.10	6.85

Special Fixed Deposit Interest Rate

The “IND SUPER 400 days” scheme is available for deposits ranging from Rs 10,000 to less than Rs 2 crore, with a duration of 400 days, offered in the form of Fixed Deposit/Monthly Interest Deposit (FD/MMD) with callable options, including premature withdrawal facility.

Similarly, the “IND SUPREME 300 days” scheme caters to deposits starting from Rs 5,000 to less than Rs 2 crore, with a duration of 300 days, provided in the form of Fixed Deposit/Monthly Interest Deposit (FD/MMD)

Period	General Public	Senior Citizens	Super Senior Citizens
IND SUPER 400 Days	7.25	7.75	8.00
IND SUPREME 300 days	7.05	7.55	7.80

Indian Bank FD Interest Rates [Rs 2 crore to Rs 5 crore]

All interest rates shown below are annual (% p.a.) with effect from 7 February 2023.

Period	General Public	Senior Citizens
7 days to 14 days	5.00	5.50
15 days to 29 days	5.00	5.50
30 days to 45 days	6.00	6.50
46 days to 90 days	5.25	5.75
91 days to 120 days	5.25	5.75
121 days to 180 days	5.50	6.00
181 days to less than 9 months	5.50	6.00
9 months to less than 1 year	6.25	6.75
1 year [Highest]	6.70	7.20
Above 1 year to less than 2 years	6.65	7.15
2 years to less than 3 years	6.10	6.60
3 years to less than 5 years	6.00	6.50
5 years	6.00	6.50
Above 5 years	6.00	6.75

Indian Bank TAX Saver Fixed Deposit

Period	General Public	Senior Citizens
5 years	6.25	6.75
Above 5 years to 10 years	6.10	6.60

How to Apply for Indian Bank FD?

You have two options to apply for an Indian Bank Fixed Deposit (FD):

Option 1: Online through Indian Bank Mobile App or Net Banking:

1. Login: Open the Indian Bank Mobile App or visit their Net Banking portal and log in with your credentials.
2. Select Term Deposit: Navigate to the “Term Deposit” section within the app or portal.
3. Fill in details: Provide your personal information, identity and address proof, nominee details, and preferred FD scheme.
4. Choose amount and tenure: Enter the desired deposit amount and select the preferred maturity period.
5. Submit application: Review the details carefully and submit the application online.

Option 2: Offline at any Indian Bank branch:

1. Visit branch: Go to any Indian Bank branch in your vicinity.
2. Meet representative: Inform the bank representative your intention to open an FD.
3. Fill out application form: Collect and fill out the Fixed Deposit application form provided by the bank.
4. Submit documents: Attach the required documents, including identity proof, address proof, and nominee details (if applicable).
5. Deposit amount: Pay the desired deposit amount over the counter.
6. Collect confirmation: Once processed, the bank will provide you with an FD confirmation receipt.

Eligibility to Open an Indian Bank FD Account

Investors should first check their eligibility to invest in Indian Bank Bank FD. The eligibility criteria to invest in Indian Bank Bank Fixed Deposit is:

1. Indian Resident Individuals
2. Partnership Firms
3. Public and Private Limited companies
4. Societies
5. Trusts
6. HUFs
7. Non-Resident Indians (NRIs) and PIOs (Persons of Indian Origin)

Documents Required to Open Indian Bank FD

The list of documents required to open an fixed deposit in the Indian Bank is:

1. Duly filled Indian Bank FD account opening form
2. Four passport size photographs
3. Identity Proof as per KYC norms. (PAN, Aadhaar, Voter ID Card, Driving License or Passport)
4. Address proof as per KYC norms. (PAN, Aadhaar, Voter ID Card, Passport or Driving License)
5. Proof of Age (Birth Certificate or Graduation/school passing Certificate)
6. Pan Card or Form No. 60 or 61 of the Income Tax Act (for declaration)
7. Details of your bank account like account number, IFSC code and branch

Popular Indian Bank Fixed Deposit Schemes

IND SUPER 400 DAYS

Special Retail Term Deposit Product “IND SUPER 400 DAYS”, offering higher rate of interest for investment starting from Rs.10000 to less than 2 Crore for 400 days in the form of FD/MMD with callable options.

Category	Rate of Interest ( %p.a)
Public	7.25 %
Senior Citizen	7.75 %
Super Senior Citizen	8.00 %

IND SUPREME 300 DAYS

Special Retail Term Deposit Product “IND SUPREME 300 DAYS” offering attractive rate of interest for investment starting from Rs.5000 to less than 2 Crore for 300 days in the form of FD/MMD with callable options.

Category	Rate of Interest ( %p.a)
Public	7.05 %
Senior Citizen	7.55 %
Super Senior Citizen	7.80 %

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