Fixed Deposits (FDs) are a popular investment option in India, offering a safe and reliable way to earn returns on your savings. Indian Bank, a leading public sector bank, offers competitive FD interest rates across various tenures to cater to the diverse needs of its customers. This comprehensive guide will provide an overview of Indian Bank Fixed Deposit interest rates, different types of FD schemes, the factors influencing these rates, and how to use the Indian Bank FD interest rates calculator.
Indian Bank FD interest rates are the rates at which the bank offers returns on fixed deposit investments. These rates are fixed for the tenure of the deposit and vary based on the deposit amount, tenure, and other factors. IB offers attractive interest rates for both general and senior citizen depositors.
Indian Bank provides different interest rates for various tenures. Below is a snapshot of the current FD interest rates for different tenures:
| Tenure | Interest Rate (per annum) |
| 7 days to 14 days | 2.80% |
| 15 days to 29 days | 2.80% |
| 30 days to 45 days | 3.00% |
| 46 days to 90 days | 3.25% |
| 91 days to 120 days | 3.50% |
| 121 days to 180 days | 3.85% |
| 181 days to less than 9 months | 4.50% |
| 9 months to 364 days | 4.75% |
| 1 year | 6.10% |
| Above 1 year to 2 years | 7.10% |
| Above 2 years to 3 years | 6.70% |
| Above 3 years to 5 years | 6.25% |
| Above 5 years to 10 years | 6.10% |
Senior citizens receive an additional 0.50% interest rate on all tenures, making FDs an attractive investment option for them.
You may also want to know IDBI Bank FD Interest Rates
1. Log in: Use your credentials to log in to Indian Bank’s Net Banking or IndOASIS mobile banking app.
2. Navigate: Go to the ‘Deposit’ section and select ‘Open Fixed Deposit.’
3. Choose the FD Type: Select the type of FD (regular, tax-saving, etc.), tenure, and deposit amount.
4. Transfer Funds: Transfer the amount from your linked savings account to the FD.
5. Review & Submit: Review the details and submit the application. A confirmation will be sent to your registered email and mobile number.
1. Visit a Branch: Go to the nearest Indian Bank branch.
2. Obtain and Fill the Application Form: Request the FD application form at the counter and fill it with the required details.
3. Submit Required Documents: Provide your identity and address proof along with a recent passport-sized photograph.
4. Deposit the Amount: Pay the FD amount either through cash, cheque, or by transferring from your Indian Bank savings account.
5. Receive Acknowledgment: After submitting the form and deposit, you’ll receive an acknowledgement slip or FD receipt.
You may also want to know Indian Overseas Bank FD Interest Rates
The Indian Bank FD Interest Rates Calculator is a handy tool that helps you estimate the maturity amount and interest earned on your fixed deposit. Here’s how to use it:
The calculator will then provide the maturity amount and total interest earned based on the inputs. This tool is useful for planning your investments and comparing different FD schemes.
The current FD interest rates offered by Indian Bank are competitive and vary based on the tenure and the amount of the deposit. It is advisable to check the latest rates on the Indian Bank website or visit the nearest branch for up-to-date information.
South Indian Bank offers competitive FD interest rates, similar to Indian Bank. Their rates vary based on the tenure and customer category (general or senior citizen).
Indian Overseas Bank also provides attractive FD interest rates. Like Indian Bank, they offer higher rates for senior citizens and various schemes catering to different investment needs.
Indian Bank offers special fixed deposit schemes for Non-Resident Indians (NRIs) with competitive interest rates. These schemes include NRE (Non-Resident External) and FCNR (Foreign Currency Non-Resident) deposits.
South Indian Bank offers NRE FD schemes with attractive interest rates, catering specifically to the needs of NRIs. These schemes offer the benefit of full repatriation of both principal and interest.
Indian Bank Fixed Deposit interest rates are competitive and offer a safe investment avenue with guaranteed returns. By understanding the various FD schemes, and current interest rates, and utilizing tools like the FD calculator, investors can make informed decisions to maximize their returns.
Whether you are a regular investor or a senior citizen, Indian Bank provides a range of fixed deposit options to suit your financial goals.
Indian Bank Fixed Deposit interest rates range from 3.00% to 6.75% for different tenures.
Senior citizens receive an additional 0.50% interest rate on their fixed deposits.
Factors include RBI monetary policy, inflation, economic conditions, demand for credit, and the bank’s liquidity needs.
Indian Bank offers Regular FDs, Short Term Deposits, Long Term Deposits, Tax Saver FDs, Senior Citizen FDs, Monthly Income Plans, and Quarterly Income Plans.
Enter the deposit amount, select the tenure, input the interest rate, and choose the compounding frequency to calculate the maturity amount and interest earned.
You can open an FD by visiting an Indian Bank branch or through their online net banking portal or mobile app.
Benefits include guaranteed returns, safety, flexible tenures, higher interest rates for senior citizens, loans against FD, and easy liquidity.
The interest rate for a fixed deposit of less than Rs. 1 lakh in Indian Bank depends on the tenure you choose. Generally, shorter tenures offer lower interest rates.
The rate of interest for Indian Bank fixed deposits with tenures between 2 and 3 years is typically higher than shorter tenures but lower than longer ones. Check the bank’s website or your nearest branch for the exact figures.
Yes, the Indian Bank sometimes introduces special fixed deposit schemes like Ind Supreme 300 days with specific tenures and higher interest rates. These schemes are often for a limited period, so check with the bank for the latest offers.
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