Categories: Banking

FD Rates of Indian Bank

FD Rates of Indian Bank

FD Rates

Indian Bank offers FD interest rates of 2.80-7.25% p.a. to the general public and 3.30-7.75% p.a. to senior citizens on tenures ranging from 7 days to 5 years and above. The interest rate on Indian Bank Tax Saving FDs is 6.10-6.25% p.a. for the general public and 6.60-6.75% p.a. for senior citizen depositors for tenures of 5 to 10 years. Indian bank offers various fixed deposit products for NRIs, such as NRO, NRE, RFC and FCNR fixed deposits. Indian Bank accepts FCNR fixed deposits and RFC fixed deposits in US Dollars, British Pound Sterling, Euro, Japanese Yen, Canadian Dollar, Australian Dollar, Swiss Franc, and Singapore Dollar.

TenuresInterest Rates in %
Highest Slab Rate7.25% for 400 Days
1 year6.10%
2 years6.70%
3 years6.25%
4 years6.25%
5 Years6.25%
Tax-Saving FD6.25% for 5 Years & 6.10% for Above 5 years to 10 years.
Interest rate can be Change after some time.

FD for Domestic/NRE/Capital Gains

TenuresInterest Rate for Regular citizensInterest Rate for Senior Citizens
7 to 14 Days 2.80%2.80%
15 to 29 Days2.80%3.30%
30 to 45 Days3.00%3.50%
46 to 90 Days3.25%3.75%
91 to 120 Days3.50%4.00%
121 to 180 Days3.85%4.35%
181 days to 9 months4.50%5.00%
9 months to less than1 year4.75%5.25%
1 year6.10%6.60%
Above 1 years to 2 years7.10%7.60%
2 years to less than 3 days6.70%7.20%
3 years to less than 5 years6.25%6.75%
5 years6.25%6.75%
Above 5 years6.10%6.85%
1. Additional 0.50% interest rate is offered to senior citizens age 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 age 80 years and above Deposit up to 5 years and 1% additional interest rate on deposits above 5 years to 10 years.

Tax Sever Deposit

TenureInterest Rate for Regular CitizensInterest Rate for senior Citizens
5 years6.25%6.75%
Above 5 years to 10 years6.10%6.60%

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