Indian Bank is a top public sector bank offering fixed deposits with competitive rates, flexible tenures from 7 days to 10 years, and special rates for senior citizens. Use the calculator to estimate your interest earnings and maturity amounts for easy investment planning.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 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 | 7.10 | 7.60 |
| 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 | 6.60 |
Data last updated on 01/09/2024. Check latest interest rates here.
Indian Bank FD Calculator
Indian Bank FD FAQs
What is the minimum and maximum amount for a Fixed Deposit at Indian Bank?
The minimum deposit amount is ₹1,000, with no maximum limit.
What is the tenure range for Indian Bank Fixed Deposits?
The tenure ranges from a minimum of 6 months to a maximum of 10 years.
How is interest applied on Indian Bank Fixed Deposits?
Interest can be applied on a quarterly or monthly basis, with a discount for monthly payouts.
Do senior citizens receive additional interest rates?
Yes, senior citizens get an additional 0.50% interest rate per annum for deposits up to ₹10 crore, with a single deposit limit of ₹2 crore per day.
Are there any special facilities available with Fixed Deposits?
Yes, automatic renewal, loan, nomination, and pre-closure facilities are available.