Indian Bank Special FD Schemes

What are Indian Bank Special FD Schemes 2025 ?

Indian Bank has introduced special fixed-tenure deposit options under its IND Secure (444 days) and IND Green (555 days) categories. These limited-period schemes offer competitive interest rates, making them a preferred choice for customers looking to earn more than standard Indian Bank FD rates. Both schemes are open for investments starting from ₹1,000 up to less than ₹3 crore. 

Here’s a list of the Indian Bank special FD schemes currently available in 2025 :

• Indian Bank 444 Days FD Scheme (IND Secure): A fixed deposit scheme with a 444-day tenure offering higher returns and flexible interest payout options.
• Indian Bank 555 Days FD Scheme (IND Green): A sustainability-linked FD scheme that encourages environmentally responsible investments with a tenure of 555 days. 

Indian Bank Special FD Schemes Interest Rates 2025

Indian Bank offers distinct rates for general, senior, and super senior citizens under its day-specific schemes. Below are the latest Indian Bank FD rates for 444 days and Indian Bank 555 days FD interest rate for deposits below ₹3 crore:

Indian Bank FD Interest Rates 444 Days (IND Secure)

Indian Bank FD rates w.e.f. August 1, 2025

Indian Bank FD Interest Rates 555 Days(IND Green)

Indian Bank FD rates w.e.f. August 1, 2025

Key Features of Indian Bank Special FD Schemes

The Indian Bank Special FD Schemes offer flexibility, safety, and attractive returns through their day-specific deposit options. Below are their main features explained briefly:

• Tenure Options: Fixed maturity periods of 444 and 555 days, offering short- and medium-term choices with assured interest benefits.
• Deposit Range: Investors can start with a minimum of ₹1,000 and deposit up to less than ₹3 crore per account.
• Deposit Type: Available in cumulative and non-cumulative variants, allowing either reinvestment or periodic payouts as per preference.
• Interest Payout: Interest can be received monthly, quarterly, or at maturity, depending on the depositor’s financial requirement and plan type.
• Premature Withdrawal: Permitted anytime before maturity under the Indian Bank FD Premature Withdrawal facility, subject to a nominal penalty of 1% on the applicable FD rate.
• Loan/Overdraft Facility: Under the Indian Bank loan against FD facility, customers can avail a secured loan or overdraft of up to 90% of their fixed deposit’s current value, ensuring liquidity without breaking the deposit..
• Auto-Renewal: Depositors may opt for automatic renewal on maturity or closure with proceeds credited directly to their bank account.

Documents Required for Indian Bank Special FD Schemes

For opening an Indian Bank 555 Days Fixed Deposit Scheme or an Indian Bank 444 Days FD Scheme, the following documents are needed:

• Proof of Identity: PAN, Aadhaar, Passport, or Voter ID.
• Proof of Address: Utility bill, Aadhaar, or bank statement.
• Photograph: Passport-size photo (for offline applicants).
• PAN Card: Mandatory for TDS purposes.
• Linked Account: Active Indian Bank savings/current account for crediting maturity proceeds.

Eligibility Criteria for Indian Bank Special FD Schemes

The Indian Bank Special FD Schemes can be opened by a wide range of eligible customers across different categories. These include:

• Individuals, Joint Holders, and Minors
• Proprietorship Firms
• Partnership Firms
• Hindu Undivided Families (HUFs)
• Private and Public Limited Companies
• Limited Liability Partnerships (LLPs)
• Societies, Trusts, and Associations
• Government Departments and Authorities

Indian Bank Special FD Schemes Interest Calculation Examples

The Indian Bank FD calculator computes returns using quarterly compounding, providing a more accurate estimate of potential growth. Let’s understand the process in more detail for the different Indian Bank special FD schemes.

Indian Bank 444 Days FD Scheme (IND Secure)

Suppose a customer invests ₹2,00,000 at 6.70% p.a. for 444 days.

• Simple Interest:

  SI = (2,00,000 × 6.70 × 1.22) / 100 = ₹16,348

  Maturity Amount = ₹2,16,348

• Compound Interest (Quarterly):

  A = 2,00,000 × (1 + 0.067/4)^(4 × 1.22) ≈ ₹2,16,700

  Compound Interest = ₹16,700

  Thus, compounding enhances returns slightly over the simple interest option.

Indian Bank 555 Days FD Scheme (IND Green)

Let’s say a senior citizen deposits ₹1,50,000 for 555 days at 7.10% p.a..:

• Simple Interest:

  SI = (1,50,000 × 7.10 × 1.52) / 100 = ₹16,188

  Maturity Amount = ₹1,66,188

• Compound Interest (Quarterly):

  A = 1,50,000 × (1 + 0.071/4)^(4 × 1.52) ≈ ₹1,66,718

  Compound Interest = ₹16,718

Indian Bank Special FD Schemes: Tax Implications

Interest earned under the Indian Bank 555 FD Scheme 2025 and the Indian Bank 444 Days FD is taxable under “Income from Other Sources.” Starting from FY 2025-26, the TDS (Tax Deducted at Source) exemption limit has been set at ₹50,000 per annum for non-senior citizens and ₹1,00,000 per annum for senior citizens. If the depositor’s PAN is furnished, TDS is deducted at 10%; otherwise, a higher rate of 20% applies.

Investors whose total income is below the taxable threshold can avoid TDS by submitting Form 15G (for individuals below 60 years) or Form 15H (for senior citizens) to the bank. Even if TDS is deducted, the amount can be claimed as a refund or adjusted while filing the annual income tax return.

Key Takeaways

The Indian Bank Special FD Schemes 2025 , the IND Secure (444 Days) and IND Green (555 Days), offer secure, predictable, and eco-conscious investment options. With rates up to 7.45% p.a., these FDs provide attractive returns with the flexibility of premature withdrawal, loan availability, and auto-renewal facilities. You can choose the Indian Bank 555-Day FD Scheme for sustainable growth or the 444-Day FD Scheme for short-term returns. Both are among the most rewarding options in Indian banking today.