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Features of Indian Bank FD
Interest rates (p.a) 2.80% - 7.75%
Minimum deposit ₹1,000
Maximum deposit ₹1 Cr
Lock-in 
No Lock-in
Tenure 1 yr - 10 yrs
Senior citizen 
Extra 0.5% p.a.
Why Indian Bank FD is the right choice
Higher Returns
Get more returns than bank FD; assured returns up to 5.65% p.a.
Strong Financials
CRISIL AAA (Stable) and ICRA AAA (Stable)
Flexible Payout Options
Get interest amount at regular intervals or lumpsum at maturity
FD Calculator
-
By Deposit Amount
-
By Target Amount
Deposit Amount
Min. ₹1,000, Max. ₹1 Cr
Interest Payout
On maturity7.4%
Monthly7.16%
Quarterly7.2%
Half-yearly7.27%
Yearly7.4%
Deposit Tenure
Min. 1 yr, Max. 10 yrs
Great! You're eligible for extra 0.25% p.a. interest
You can receive maturity amount of
₹26,662
By investing in Indian Bank @ 5.39%
Monthly Income
Min. ₹1,000, Max. ₹1,000
Interest Payout
Monthly7.16%
Quarterly7.2%
Half-yearly7.27%
Yearly7.4%
Deposit Tenure
Min. 1 yr, Max. 10 yrs
Great! You're eligible for extra 0.25% p.a. interest
You need to invest in total
₹26,662 
in Indian Bank @ 5.39%
Indian Bank FD Interest Rates 2024 (Below Rs.2 crore)
| Tenure | General Public FD Rate | Senior Citizens FD Rate |
|---|---|---|
| 7 days to 14 days | 2.80% | 3.30% |
| 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% |
| "Ind Supreme 300 Days (w.e.f 01.07.23 valid upto 31.08.23)" | 7.05% | 7.55% |
| 1 year | 6.10% | 6.60% |
| Above 1 year to less than 2 years | 6.30% | 6.80% |
| "Ind Super 400 Days (w.e.f 20.04.23 valid upto 31.08.23)" | 7.25% | 7.75% |
| 2 years to less than 3 years | 6.70% | 7.20% |
| 3 years to less than 5 years | 6.25% | 6.75% |
| 5 year | 6.25% | 6.75% |
| Above 5 years | 6.10% | 6.60% |
Indian Bank FD Interest Rates 2024 (Above Rs. 2 crore)
| Tenure | General Public FD Rate | Senior Citizens FD Rate |
|---|---|---|
| 7 days to 14 days | 5.00% | 5.50% |
| 15 days to 29 days | 5.00% | 5.50% |
| 30 days to 45 days | 6.00% | 6.50% |
| 46 days to 90 days | 5.25% | 5.75% |
| 91 days to 120 days | 5.25% | 5.75% |
| 121 days to 180 days | 5.50% | 6.00% |
| 181 days to less than 9 months | 5.50% | 6.00% |
| 9 months to less than 1 year | 6.25% | 6.75% |
| 1 year | 6.70% | 7.20% |
| Above 1 year to less than 2 years | 6.65% | 7.15% |
| 2 years to less than 3 years | 6.10% | 6.60% |
| 3 years to less than 5 years | 6.00% | 6.50% |
| 5 year | 6.00% | 6.50% |
| Above 5 years | 6.00% | 6.50% |
Who can invest in Indian Bank FD?
Individual investor
Individuals investing as single FD holders
Above 18
Investors who are above 18 years of age. Senior citizens earn Extra 0.5% p.a. interest
Indian resident
Investors who are resident Indian citizens
Fixed Deposit Interest Rates Comparison 2024
| Name | Interest rate (p.a.) | Tenure | Min. deposit | |
|---|---|---|---|---|
 Bajaj Finance Ltd. | 7.16% - 8.50% | 1 - 5yrs | ₹25,000 | Deposit Now |
 SBI Bank | 3.50% - 7.60% | 1 yr - 10 yrs | ₹1,000 | View details |
 ICICI Bank | 3.00% - 7.75% | 1 yr - 10 yrs | ₹10,000 | View details |
 Axis Bank | 3.00% - 7.85% | 1 yr - 10 yrs | ₹5,000 | View details |
 HDFC Bank | 3.00% - 7.75% | 1 yr - 10 yrs | ₹5,000 | View details |
 Bank of Baroda | 4.25% - 7.75% | 1 yr - 10 yrs | ₹1,000 | View details |
 IDFC Bank | 3.00% - 8.50% | 1 yr - 10 yrs | ₹10,000 | View details |
 Kotak Mahindra Bank | 2.75% - 7.90% | 1 yr - 10 yrs | ₹5,000 | View details |
 Canara Bank | 5.35% - 7.90% | 1 yr - 10 yrs | ₹1,000 | View details |
 Yes Bank | 3.25% - 8.25% | 1 yr - 10 yrs | ₹10,000 | View details |
 IndusInd Bank | 3.50% - 8.25% | 1 yr - 5 yrs 1 m | ₹10,000 | View details |
 Punjab National Bank | 3.50% - 7.75% | 1 yr - 10 yrs | ₹1,000 | View details |
 IDBI Bank | 3.00% - 7.50% | 1 yr - 20 yrs | ₹10,000 | View details |
 Union Bank | 3.50% - 7.75% | 1 yr - 10 yrs | ₹1,000 | View details |
 Citibank | 3.00% - 7.85% | 1 yr - 5 yrs | ₹1,000 | View details |
 RBL Bank | 3.50% - 8.60% | 1 yr - 10 yrs | ₹1,000 | View details |
Indian Bank | 2.80% - 7.75% | 1 yr - 10 yrs | ₹1,000 | View details |
About Indian Bank
Indian Bank came to be established on 5th March 1907, with an authorized capital of Rs.20 lakhs. The bank commenced its operations on 15th August 1907 and is known for offering financial products such as fixed deposits and loans. Besides its financial products, Indian Bank also offers digital products including Point of Sale solutions, IndOasis, IB Collect Plus, and more. The public sector bank serves more than 100 million customers with 6,089 branches and 5,022 ATMs. It has over 20,924 employees and 1,494 cash deposit machines to effectively offer banking solutions to its growing customer base. Allahabad Bank merged with Indian Bank from 1st April 2020, making it the seventh-largest bank in the country.
Benefits of Indian Bank Fixed Deposit
- 1. Diverse schemes - Indian Bank offers a wide range of deposit schemes for its various category of customers. These include IB Tax Saver Scheme, Money Multiplier Deposits, Indian Bank Fixed Deposits, Motor Accident Claim Tribunal Deposit (MACAD) Scheme, Capital Gains, and Short Term Deposits.
- 2. Benefits for senior citizens - For domestic term deposits, senior citizens can earn an additional Indian Bank fixed deposit rate of 0.50% for amounts up to Rs.10 crore. The depositors must submit proof of age to show they have completed 60 years.
- 3. Loan against FD - You can avail a loan up to 90% of the fixed deposit amount with the bank. Maximum loan tenure is restricted up to the tenure of the fixed deposit.
By Deposit Amount
By Target Amount
Interest payout
On maturity 7.4%
Monthly 7.16%
Quarterly7.2%
Half-yearly 7.27%
Yearly7.4%
You will receive maturity amount of
₹26,662
By investing in Indian Bank
@ 5.39%
Interest payout
Monthly 7.16%
Quarterly 7.2%
Half-yearly 7.27%
Yearly 7.4%
You need to invest in total
₹26,662
in Indian Bank
@ 5.39% p.a.
Maximise your returns with
Bajaj Finance Ltd.
★ ★ ★ ★ ★
8.5%
Check out Bajaj Finance Ltd.
ET Money does not offer investment options with Indian Bank fixed deposit,
Deposit Amount
Or, enter Deposit Amount
₹
Min. ₹ 1,000 | Max. ₹ 1 Cr
Deposit Tenure
Or, enter tenure in months
Min. 1 yr, Max. 10 yrs
Interest Payout
You can choose how would you like to get interest gains: Lumpsum at maturity or Periodically at fixed intervals
Maturity amount breakup
You will receive ₹5,000 as interest & ₹8,20,000 on maturity as principal amount
