Indian Bank FD Rates

Rate of Interest on Fixed Deposits of up to less than Rs. 1 crore

Tenure	Regular Citizens	Senior Citizens
7 days – 14 days	4.00%	4.50%
15 days – 30 days	4.00%	4.50%
31 days – 45 days	4.50%	5.00%
46 days – 90 days	4.50%	5.00%
91 days – 120 days	5.25%	5.75%
121 days – 180 days	5.25%	5.75%
181 days – 269 days	5.75%	6.25%
9 months – 364 days	6.25%	6.75%
1 year	6.50%	7.00%
1 year 1 day -1 year 364 days	6.25%	6.75%
2 years – 2 years 364 days	6.25%	6.75%
3 years – 10 years	6.00%	6.50%

1. Indian Bank Facility Term Deposit Scheme

Eligibility

• Resident Individual (sole or joint account)
• Hindu Undivided Family
• Private and Public limited companies

Features

• The scheme has a minimum deposit requirement Rs. 10,000. There is no limit as maximum deposit amount under the scheme.
• The deposit tenure ranges from 1 year to 3 years.
• The scheme offers interest rates same as card interest rates applicable on FDs across tenures.
• The scheme allows an overdraft against the maximum of 90% of the deposit.

2. Indian Bank Senior Citizen Term Deposit Scheme

Eligibility

• Individuals of 60 years of age and above (Sole or joint). In case of joint account, the first account holder must be a senior citizen.

Features

• The FD can be booked with a minimum of Rs. 100. The maximum deposit amount stands at Rs. 5 crore.
• The deposit is allowed for a minimum of 15 days and for a maximum of 10 years.
• Interest rates are same as card interest rates applicable for senior citizens on FDs across tenure and shall be paid on quarterly basis.
• The scheme allows free fund transfer up to the amount of earned interest or Rs. 5,000 each month, whichever is higher.
• Loan facility is available against the deposit.

3. Indian Bank Tax Saver Term Deposit Scheme

Eligibility

• Resident Individual (sole or joint account)
• Hindu Undivided Family

Features

• The minimum deposit requirement stands at Rs. 100. There is no limit as maximum deposit amount under the scheme.
• The deposit can be opened for a minimum of 5 years and a maximum of 10 years.
• The deposit qualifies for tax rebate under Section 80C of the Income Tax Act.
• The interest rates on the deposit are same as card rates applicable on Indian Bank FDs across tenures and shall be paid quarterly.
• The scheme does not allow loan facility against the deposit or for closure up to 5 years.

4. Indian Bank Re-Investment Term Deposit Scheme

Eligibility

• Resident Individual (sole or joint account)
• Hindu Undivided Family
• Private and Public limited companies

Features

• The scheme has a minimum deposit amount as Rs. 100 and no maximum amount of deposit.
• The deposit tenure ranges from 6 months to 10 years.
• Interest rates are same as card interest rates applicable on Indian Bank FDs across tenure and shall be compounded and paid on quarterly basis.
• The scheme allows loan facility against the deposit and foreclosure of the deposit.

Investors can check the maturity amount of the scheme by using the Indian Bank FD Interest Rate Calculator at Paisabazaar. Also, Indian Bank FD Interests Rates differ for different tenures. So the investors can also decide a preferred tenure of investment by entering different rates and calculating their total earning. In case of reinvestment schemes, investors can check the interest and the maturity amount by using the compound interest calculator.

You can visit the nearest Indian Bank branch and contact the officials for Indian Bank FD interest rates of schemes above Rs 1 Crore. You can check the IFSC of the branch at Paisabazaar.