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The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC and FCNR (B) fixed deposits. Indian Bank accepts FCNR (B) fixed deposits and RFC fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD), Swiss Franc (CHF), and Singapore Dollar (SGD).
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Indian Bank FD Interest Rates (p.a.) Highlights |
|
| Highest slab rate | 6.60% (for 444 days – Ind Secure) |
| For 1 year | 6.10% |
| For 2 years | 6.30% |
| 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 22 December 2025
Book FDs at Interest rate upto 8.00% p.a
Manage all FDs in one place
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Indian Bank FD Interest Rates
Indian Bank FD Rates on Domestic/NRE/Capital Gains Type B/Tax Saver Fixed Deposits of less than Rs 3 crore w.e.f. 1 November 2025
| Period | Interest Rates (% p.a.) | |
| Regular Citizens | 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 | 6.70 |
| 2 years to less than 3 years | 6.30 | 6.70 |
| 3 years to less than 5 years | 6.25 | 6.75 |
| 5 years | 6.00 | 6.50 |
| Above 5 years | 6.00 | 6.50 |
Note: 1. Additional 0.50% interest rate is offered to senior citizens (aged 60 years and above) on deposits of up to 15 days to 5 years and a 0.75% interest rate on deposits above 5 years to 10 years.
2. Additional 0.75% interest rates are offered to super senior citizens (aged 80 years and above) for up to 5 years and 1% additional interest rate on deposits above 5 years to 10 years
Calculate returns and maturity value of your fixed deposits using FD calculator
Special Fixed Deposit Interest Rates
| Tenure | Interest Rates (% p.a.) | ||
| IND SECURE – 444 Days | Public | Senior Citizen | Super Senior Citizen |
| 6.60 | 7.10 | 7.35 | |
| IND GREEN 555 Days | 6.50 | 7.00 | 7.25 |
Note: 1. “IND SECURE 444 days” is for deposits starting from Rs 1,000 to less than Rs 3 crore for 444 days in the form of FD/MMD with callable options (with premature withdrawal facility). The scheme is valid till 30 September 2025.
2. “IND GREEN 555 days” are for deposits starting from Rs 1,000 to less than Rs 3 crore for 555 days in the form of FD/MMD with callable options (with premature withdrawal facility).
Explore Investment Options:
| Bonds in India | Types of Bonds | Bonds vs FD |
| Corporate Bonds | Tax Free Bonds | Capital Gain Bonds |
| Government Bonds | Zero Coupon Bonds | Floating Rate Bonds |
Indian Bank Tax Saver Deposit
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years to 10 years | 6.00 | 6.50 |
Interest Rates of FCNR Deposits w.e.f. 2 February 2025
| Currency | Period | ||||
| 1 year to less than 2 years | 2 years to less than 3 years | 3 years to less than 4 years | 4 years to less than 5 years | 5 years | |
| USD | 5.80 | 4.30 | 3.95 | 3.95 | 3.95 |
| GBP | 4.75 | 3.20 | 3.25 | 3.25 | 3.25 |
| EUR | 1.50 | 1.90 | 1.60 | 1.60 | 1.65 |
| JPY | 0.00 | 0.13 | 0.12 | 0.13 | 0.14 |
| CAD | 4.00 | 4.10 | 3.90 | 3.70 | 3.50 |
| AUD | 3.60 | 3.50 | 2.05 | 2.30 | 2.45 |
| CHF | 0.00 | 0.01 | 0.02 | 0.03 | 0.05 |
| SGD | 3.60 | 0.40 | 0.49 | 0.55 | 0.61 |
Interest Rates of RFC Deposits w.e.f. 2 February 2025
| Currency | Interest Rates (% p.a.) | ||
| 1 year to less than 2 years | 2 years to less than 3 years | 3 years | |
| USD | 5.80 | 4.30 | 3.95 |
| GBP | 4.75 | 3.20 | 3.25 |
| EUR | 1.50 | 1.90 | 1.60 |
| JPY | 0.00 | 0.13 | 0.12 |
| CAD | 4.00 | 4.10 | 3.90 |
| AUD | 3.60 | 3.50 | 2.05 |
| CHF | 0.00 | 0.01 | 0.02 |
| SGD | 3.60 | 0.40 | 0.49 |
Note: Indian Bank offers a special interest rate of 4.75% for USD Deposits of above 10 Mio for a 1-year tenor.
Types of Indian Bank Fixed Deposit Schemes
Regular Fixed Deposit
- Minimum deposit amount: Rs 1,000
- Tenure: 6 months – 10 years
- Additional 0.50% p.a. is offered to senior citizens for an amount up to Rs.10 crore
- Automatic renewal facility is available
- Nomination/loan/pre-closure facility is offered to depositors
- Interest amount is credited quarterly/monthly basis with a discount
Short Term Deposits
- Minimum deposit amount: Rs 1,000
- Tenure: 7 days – 180 days
- Additional interest of 0.50% p.a. is offered to senior citizens for amounts up to Rs 10 crore
- Additional interest of 1% p.a. is offered to staff members for amounts up to Rs 2 crore
- Additional interest of 1.50% p.a. is offered to ex-staff seniors for amounts up to Rs 10 crore
- Nomination, pre-closure facility, and loan against deposit facilities are available
- Additional interest rate will be offered on all deposits of tenure 7 days to 10 years except for NRE deposits and deposits under Capital Gain Scheme 1988
- In the case of term deposits held in the name of an HUF, the Karta of the HUF, even if he is a senior citizen, is not entitled to a higher interest rate because the deposit’s beneficial owner is the HUF, not the Karta in his individual capacity
IB Tax Saver Scheme
- This scheme is offered to depositors who want to take advantage of the tax benefit provided under section 80C of the Income Tax Act
- Deposit amount: Minimum- Rs 1,000; Maximum: Rs 1.5 lakhs
- Tenure: 5 years – 10 years
- Loan and foreclosure are not allowed for up to 5 years
- Additional 0.50% p.a. is applicable to the senior citizen FD for an aggregate amount of up to Rs.10 crore
- Interest is credited quarterly and on monthly basis with a discount or on maturity
- Nomination facility is available
IND SUPREME 300 Days
- Deposit amount: Minimum- Rs 5,000; Maximum: less than Rs 3 crores
- Tenure: 300 days
- Additional 0.50% p.a. is offered to senior citizens (aged 60 years and above) and 0.75% p.a. to super senior citizens (aged 80 years and above) on regular FDs offered to general citizens.
- Auto Rollover facility will be in the maturity bucket (270 days < 1 year) of regular term deposit product
- Depositors can avail overdraft/loan against fixed deposit digitally through INB/IND OASIS Channels.
- Premature withdrawal facility is available
IND SUPER 400 Days
- Deposit amount: Minimum- Rs 10,000; Maximum: less than Rs 3 crores
- Tenure: 400 days
- Senior citizens and super senior citizens are offered an additional 0.50% p.a. and 0.75% p.a., respectively, on regular FDs offered to general citizens.
- Depositors can avail overdraft/loan against fixed deposit digitally through INB/IND OASIS Channels.
- Premature withdrawal and nomination facilities are available
Capital Gains
- Minimum amount of deposit: Rs 1,000
- Tenure: 7 days – 3 years
- Nomination facility is available
Money Multiplier Deposits
- Minimum amount of deposit: Rs 1,000
- Tenure: 6 months – 10 years
- Automatic renewal facility is available
- Nomination/loan/pre-closure facility is available
- Penalty on foreclosure of Deposit is applicable.
- Additional rate of 0.50% p.a. is applicable to senior citizens for an aggregate amount of up to Rs.10 crore
Motor Accident Claim Tribunal Deposit (MACAD) Scheme
- This scheme comes with two different offers: Motor Accident Claims Annuity Deposit (MACAD) with the facility of EMI (Equated Monthly Installments) & PED (Principal Equally Distributed along with monthly interest)
- Minimum deposit amount: Rs 1,000
- Tenure: 3 years – 18 years (as per directions of the court/tribunal)
- Nomination and pre-closure facility are available
- Loan against the annuity deposit is not permitted
- Roll over features are not available
Indian Bank Fixed Deposit Schemes For NRIs
NRE Fixed Deposit
- Tenure: 1 year – 10 years
- Nomination facility is available
- Both deposit maturity funds and interest earned are freely repatriable
- Loan is available against NRE deposit
Non-Resident Ordinary (NRO) FD Account
- Accounts can be jointly opened with resident Indian / NRI
- Funds held in these accounts by NRIs can be repatriated up to USD 1 million after payment of appropriate taxes
- After payment of applicable taxes and provision of a CA certificate, transfers to NRE accounts are permitted up to USD 1 million every financial year under the total cap of USD 1 million
Resident Foreign Currency (RFC) Account For Returning Indians
- Eligibility: Returning Indians, or individuals who were once non-residents and are now returning for a permanent stay
- Depositors can hold deposits in any of the 8 foreign currencies: US dollar (USD), Pound sterling (GBP), Singapore dollar (SGD), Euro (EUR), Australian Dollar (AUD), Canadian Dollar (CAD), Japanese Yen (JPY), and Swiss franc (CHF)
- Accounts can be created by transferring FCNR or NRE funds, as well as transferring foreign currency notes or travelers cheques
FCNR (B) Fixed Deposit
- Eligibility: Non-Resident Indians or Persons of Indian Origin
- Tenure: 1 year to 5 years
- Both the interest and principal amounts are credited in the same currency in which it was deposited.
- Loan against a fixed deposit facility is available
- Nomination facility is available. The nominee can either be an Indian resident or a resident outside India.
Foreclosure Charges
| Period of Deposit | Deposits up to Rs. 5 lakhs | Deposits above Rs. 5 lakhs |
| Less than 7 days | No interest will be credited | No interest will be credited |
| 7 days and above | No penalty if deposits are kept for at least 181 days, i.e. the eligible interest rate will be the relevant card rate for the actual period run on the date of deposit.
If deposits are closed before 181 days: the applicable rate will be the relevant card rate for the actual time run prevailing on the day of deposit, less 1% p.a. as foreclosure charges |
Applicable rate will be the relevant card rate for the actual time run prevailing on the day of deposit, less 1% p.a. as foreclosure charges |
Deposits made in the names of staff, ex-staff and senior citizens will not be subject to foreclosure charges.
Domestic term deposits are placed by Corporate/Government Departments (State, Central, and Quasi Government), Institutions, and non-profit organizations (which exist for Religious, Educational, or Charitable purposes and from which their shareholders or trustees do not benefit financially) where the deposits are placed based on the Bank’s quotation will not be subject to foreclosure charges.
Premature withdrawal penalty of NRO and NRE Term deposits:
- The applicable rate will be the relevant card rate for the actual time run prevailing on the day of deposit, less 1% p.a. as foreclosure charges
- These foreclosure charges will be applicable on deposits above Rs 5 lakh for a tenure of 1 year and above
- Deposits made in the names of staff, ex-staff and senior citizens will not be subject to foreclosure charges.
Indian Bank FD Calculator
Investors can check the maturity amount of the scheme by using the Indian Bank FD Interest Rate Calculator at Paisabazaar. Also, Indian Bank FD Interest Rates differ for different tenures. So, the investors can opt for a deposit tenure option which yields higher Indian Bank FD Rates and better returns. Investors can calculate their potential earnings by providing deposit amount, Indian Bank FD Rate for the preferred deposit tenure option and deposit tenure. After providing these details, investors can calculate their potential returns and also can compare fd rates across various banks.
FAQs
Q. What is the current highest FD rate at Indian Bank?
A. The highest FD interest rate of Indian Bank is 6.60% for a tenure of 444 days.
Q. What is the minimum & maximum tenure for Indian Bank Fixed Deposit account?
A. The minimum & maximum deposit tenure option provided by Indian Bank is 7 days & 10 years respectively.
Q. Can an account holder close his/her Indian Bank FD anytime?
A. Yes, an account holder can close his/her Indian Bank FD anytime except for tax saver FD (comes with a lock-in period of 5 years).
Q. Is there a penalty for premature withdrawal?
A. Yes, a penalty for premature withdrawal is charged as mentioned above.
Q. What are the various types of Indian Bank fixed deposit schemes?
A. The various types of Indian Bank fixed deposit schemes are as follows:
- Fixed Deposit
- Facility Deposit
- Deposit Scheme for Senior Citizens
- IB Tax Saver Scheme
- Re-investment Plan
Q. Who all are eligible for Indian Bank Tax Saver fixed deposit?
A. The Resident Individual (sole or joint account) and Hindu Undivided Family are eligible for Indian Bank Tax Saver fixed deposit.
Q. What is the minimum and maximum period for the Indian Bank facility deposit?
A. The minimum period is 1 year and the maximum period is 3 years for the Indian Bank facility deposit.