The Government of India issued the amalgamation of Allahabad Bank into Indian Bank Scheme 2020 on 4 March, 2020, in consultation with the Reserve Bank of India (RBI). The amalgamation scheme came into effect from 1 April 2020. Therefore, customers including fixed depositors of Allahabad Bank will be treated as customers of Indian Bank with effect from 1 April 2020. Hence, the customers who had fixed deposit account in Allahabad Bank were transferred to Indian Bank.
Indian Bank Fixed Deposit (FD) Interest Rates Highlights – 2025
| Highest slab rate | 6.70% (for 444 days – Ind Secure) |
| For 1 year | 6.10% |
| For 2 years | 6.40% |
| For 3 years | 6.25% |
| For 4 years | 6.25% |
| For 5 years | 6.00% |
| Tax-Saving FD | 6.00% (for 5 years to 10 years) |
Interest rates as of 8 August 2025
To know more about Indian Bank Fixed Deposits: Click here