Indian Bank FD Rates

The bank also offers various fixed deposit products for NRIs, including NRO, NRE, RFC, and FCNR(B) fixed deposits. Indian Bank accepts FCNR (B) and RFC fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD), Swiss Franc (CHF), and Singapore Dollar (SGD).

Indian Bank FD rates w.e.f 5th June 2026

Indian Bank FD Interest Rates

Indian Bank FD Rates (Domestic, NRE, Capital Gains Type B, Tax Saver FDs) below ₹3 crore, w.e.f 5 June 2026

Indian Bank FD rates w.e.f 5th June 2026.

Note:

• Senior citizens (aged 60 years and above) are offered an additional 0.50% p.a. on deposits from 15 days up to 5 years, and 0.75% p.a. on deposits above 5 years up to 10 years.
• Super senior citizens (aged 80 years and above) are offered an additional 0.75% p.a. on deposits up to 5 years, and 1% p.a. on deposits above 5 years up to 10 years.

Indian Bank Special Fixed Deposit Interest Rates

IND FD Rates w.e.f 5th June 2026

Note:

• IND Supreme 2.0 is for deposits starting from Rs 1,000 to less than Rs 3 crore for 300 days, in the form of FD or MMD with callable options, and is subject to the bank's discretion at all times. The scheme was introduced with effect from 4 February 2026.
• IND Grow 555 Days is for deposits starting from Rs 1,000 to less than Rs 3 crore for 555 days, in the form of FD or MMD with callable option (with premature withdrawal facility). The scheme was introduced with effect from 5 June 2026.
• IND Prosper 777 Days is for deposits starting from Rs 1,000 to less than Rs 3 crore for 777 days, in the form of FD or MMD with callable options (with premature withdrawal facility). The scheme was introduced with effect from 5 June 2026.
• IND Green 555 Days is for deposits starting from Rs 1,000 to less than Rs 3 crore for 555 days, in the form of FD or MMD with callable options. The scheme was introduced with effect from 5 June 2026.

Indian Bank Tax Saver Deposit

Interest Rates of Indian Bank FCNR Deposits w.e.f. 6 April 2026

Indian Bank FCNR Rates w.e.f April 06, 2026

Indian Bank RFC Term Deposit Rates

Interest Rates of RFC Deposits w.e.f. 6 April 2026

Note: Indian Bank offers a special interest rate of 5.50% for USD deposits above 10 Mio, for a 1-year tenor.

Types of Indian Bank Fixed Deposit Schemes

1. IND Green 500 Days

   • Deposit amount: Minimum Rs 1,000, Maximum less than Rs 3 crore
   • Tenure: 500 days
   • Senior citizens and super senior citizens are offered an additional 0.50% p.a. and 0.75% p.a., respectively, over the regular FD rate offered to the general public.
   • Depositors can avail an overdraft or loan against fixed deposit digitally through INB or IND OASIS channels.
   • Premature withdrawal and nomination facilities are available

2. IND Supreme 2.0 (300 Days)

   • Tenure: 300 days
   • Deposit amount: Minimum Rs 1,000 to less than Rs 3 crore
   • Premature withdrawal facility is available
   • An overdraft or loan against the fixed deposit can be availed digitally through INB or IND OASIS channels

3. Short Term Deposits

   • Minimum deposit: Rs 1,000
   • Tenure: 7 days to 180 days
   • Nomination, pre-closure and loan against deposit facilities are available
   • Staff members get an additional 1% p.a. on amounts up to Rs 2 crore
   • Ex-staff seniors get an additional 1.50% p.a. on amounts up to Rs 10 crore
   • The Karta of an HUF is not entitled to the senior citizen rate, even if he is a senior citizen, since the HUF is the beneficial owner of the deposit

4. Regular Fixed Deposit

   • Minimum deposit of Rs 1,000 needed for getting applicable FD interest rates
   • Tenure: 6 months to 10 years
   • Automatic renewal facility available
   • Nomination, loan against FD and pre-closure facilities available
   • Interest credited quarterly, or monthly with a discount
   • Senior citizens get an additional 0.50% p.a. on amounts up to Rs 10 crore

5. IB Tax Saver Scheme

   • Deposit amount: Minimum Rs 1,000 up to 1.5 lakhs
   • Tenure: 5 years to 10 years
   • Interest credited quarterly, or monthly with a discount, or on maturity
   • Offered to depositors seeking tax benefits under Section 80C of the Income Tax Act
   • Nomination facility is available
   • Loan and foreclosure facilities are not allowed for up to 5 years

6. Capital Gains

   • Minimum deposit amount: Rs 1,000
   • Tenure: 7 days to 3 years
   • Nomination facility is available

7. Money Multiplier Deposits

   • Minimum deposit: Rs 1,000
   • Tenure: 6 months to 10 years
   • A penalty applies on foreclosure of the deposit
   • Nomination, loan and pre-closure facilities are available
   • Automatic renewal is available

8. Motor Accident Claim Tribunal Deposit (MACAD) Scheme

   • Minimum deposit: Rs 1,000
   • Tenure: 3 years to 18 years
   • Loan against the annuity deposit is not permitted
   • Offers two options: MACAD with an EMI facility, and PED (Principal Equally Distributed, along with monthly interest)
   • Rollover facility is not available

Indian Bank Fixed Deposit Schemes for NRIs

Resident Foreign Currency (RFC) Account for Returning Indians

• Eligibility: Returning Indians, or individuals previously non-resident who have now returned for a permanent stay
• Accounts can be opened by transferring FCNR or NRE funds, or foreign currency notes or travellers' cheques
• Deposits can be held in any of 8 foreign currencies: USD, GBP, SGD, EUR, AUD, CAD, JPY and CHF

NRE Fixed Deposit

• Tenure: 1 year to 10 years
• Loan facility is available against NRE deposits
• Nomination facility is available
• Both the maturity proceeds and interest earned are freely repatriable

Non-Resident Ordinary (NRO) FD Account

• Can be opened jointly with a resident Indian or an NRI
• NRIs can repatriate funds up to USD 1 million, after payment of applicable taxes
• Transfers to Indian Bank NRE accounts are permitted up to USD 1 million per financial year, within the overall cap of USD 1 million, with applicable taxes and a CA certificate

FCNR (B) Fixed Deposit

• Eligibility: NRIs or Persons of Indian Origin can open an Indian Bank FCNR Account
• Tenure: 1 year to 5 years
• Nomination facility is available; the nominee can be a resident of India or outside India
• Interest and principal are credited in the same currency as the deposit
• Foreclosure charges apply

Foreclosure Charges

Premature Withdrawal Penalty on NRO and NRE Term Deposits:

• The applicable rate will be the relevant card rate for the actual period run, as applicable on the date of deposit, minus 1% p.a. as foreclosure charges
• These foreclosure charges apply to deposits above Rs 5 lakhs, for a tenure of 1 year and above
• Foreclosure charges will not apply to deposits made in the names of staff, ex-staff and senior citizens

Indian Bank FD Calculator

Investors can check the maturity amount of their scheme using the Indian Bank FD Interest Rate Calculator on Policybazaar. Since Indian Bank FD interest rates differ across tenures, investors can choose a deposit tenure that offers a higher rate and better returns. To calculate potential earnings, investors simply need to enter the deposit amount, the Indian Bank FD rate applicable to their preferred tenure, and the tenure itself. Once these details are provided, investors can view their potential returns and also compare FD rates across various banks.