Indian Bank RD Interest Rates

Indian Bank Recurring Deposit (RD) interest rates are 4.50-6.50% p.a. for the general public depositors and 5.00-6.90% p.a. for senior citizen depositors. The tenures for Indian Bank RD varies from 6 months to 10 years. Besides the standard recurring deposit account, Indian Bank also offers Variable Recurring Fixed Deposit scheme for those who need flexibility in their monthly instalment amount.

Indian Bank RD Rates

Indian Bank has not separately set interest rates for its Recurring Deposit schemes. Indian Bank FD rates for Public and Senior Citizens are applicable to Indian Bank Recurring Deposits as well. Following are the interest rates for Indian Bank Fixed Deposits:

Indian Bank RD Rates on Deposits of less than Rs 3 crore w.e.f. 1 January 2026

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	6.20	6.70
2 years to less than 3 years	6.15	6.65
3 years to less than 5 years	6.05	6.55
5 years	6.00	6.50
Above 5 years	6.00	6.75

Interest rates as of 2 January 2026

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.

Indian Bank Interest Rates on Fixed Deposits of Rs 3 Crore to less than Rs 5 Crore w.e.f. 1 January 2026

Period	Interest Rates (% p.a.)
	Regular Citizens	Senior Citizens
6 months	3.85	4.35
9 months	4.75	5.25
12 months	6.10	6.60
15, 18, 21, & 24 months	6.15	6.65
27 months	5.50	5.50
30, 33 & 36 months	6.15	6.65
39, 42, 45, 48, 51, 54 & 57 months	6.05	6.55
60 – 120 months (in the multiples of 3 months)	6.00	6.75

Interest rates as of 2 January 2026

Types of Indian Bank RD

Recurring Fixed Deposit

• Minimum Monthly Instalment: Rs 100 and in the multiples thereof
• Depositors are not allowed open more than one RD account in a day for more than Rs 2 Cr within the overall limit of Rs 10 Cr tagged to a single CIF.
• Tenure: 6 months to 10 years
• Interest Rates: Senior citizen depositors get an additional interest rate of 0.50% p.a. for deposits up to Rs. 10 crore.
• Interest Payout: Quarterly compounding
• Nomination Facility: Available
• Loan against Deposit Facility: Available
• Foreclosure Facility: Depositors can close their Indian Bank RD account prematurely. However, in such cases, the bank will also levy premature withdrawal penalty as applicable.

Variable Recurring Fixed Deposit

• ICICI Bank’s Variable Recurring Fixed Deposit allows depositors to make monthly instalments in varying amounts.
• Minimum Initial Deposit Amount: 500 or in multiples of Rs. 100
• Maximum Initial Deposit Amount: Up to Rs. 1 lakh
• Subsequent monthly instalments can vary subject to a maximum of Rs. 10 lakhs per month.
• Tenure: 36 months
• Interest Rates: Additional 0.50% p.a. is offered to senior citizens for an amount up to Rs. 10 crore.
• Interest Payout: The interest accrued on the deposit will be paid on the minimum balance between 10th day and the last day of the month.
• Nomination/loan facility is offered to depositors.
• Foreclosure Facility: Depositors can close their Indian Bank RD account prematurely. However, in such cases, the bank will also levy premature withdrawal penalty as applicable.