Indian Bank FD Interest Rates 2025

Explore Guaranteed Return Plans

Guaranteed return plans provide assured returns and the security of a life cover. These plans are an excellent option for risk-averse investors, as they are not affected by market fluctuations.

What is the Indian Bank Fixed Deposit?

Indian Bank FD offers interest rates up to 6.70% and the security of a leading government-backed bank. The minimum deposit amount is ₹1,000 with no upper limit. You can opt for an interest every quarter, month, year, or at maturity. Where senior citizens get an additional 0.50% interest, super senior citizens enjoy 0.75% extra interest over and above standard rates.v

Information About FDs & Other Options 

When choosing an investment, it's important to understand the distinctions between options. Fixed deposits offer guaranteed returns and security, while other products, such as guaranteed return plans and mutual funds, can provide growth opportunities with different degrees of risk.

Indian Bank Fixed Deposit: Key Highlights 

Indian Bank FD Latest Updates 

After the Indian Bank announced the updates of its FD rate on August 1, 2025, senior citizens will be able to earn a maximum of 7.20% interest on fixed deposits. The bank provides an extra interest of 0.50% (50 bps) above the normal rates to the senior citizens in all tenures.

Indian Bank FD Interest Rates

The table below provides an overview of indicative Indian Bank FD Rates for different tenures:

Retail Domestic & NRO Term Deposits (< Rs. 3 Cr)

*Indian Bank FD interest rates w.e.f. Aug 01, 2025
*Senior citizens receive an extra 0.5%*

Bulk Term Deposits (Rs. 3 Cr – Rs. 5 Cr)

*Indian Bank FD rates w.e.f. Aug 20, 2025

Types of Indian Bank FD Schemes 

Following are the Indian Bank FD schemes with a wide range of FD features like liquidity, short-term deposits, and investments in sustainable development (555 days deposit). Here are details of the schemes.

1. IB Money Multiplier Deposits

It is an intelligent Indian Bank FD scheme that connects your savings account and a fixed deposit, providing a higher rate of interest with the liquidity of the savings account. Any excess money is swept automatically to fixed deposits and swept back as and when required, maximizing your returns.

• Tenure: 6 months to 10 years 
• Minimum Amount Deposit: Rs 1,000
• Maximum Money Deposit: No Limit
• Interest Compound: Quarterly 

2. IB Short Term Deposit 

It is a fixed-term investment scheme where the deposit is repaid after a certain period, which was agreed when the deposit was made. Interest is charged together with the principal upon maturity, which provides a safe and stable income for a shorter term.

• Tenure: 7 days to 180 days 
• Minimum Investment Amount: Rs 1,000
• Maximum Investment Amount: No limit 
• Additional Benefit for Staff: Additional interest of 1.00% p.a payable

3. IND Green 555 Days Deposit 

IND GREEN 555 Days is a 555-day fixed maturity term deposit product that is specifically designed to facilitate sustainable development and provide guaranteed returns to our esteemed customers.

• Tenure: For 555 days 
• Mode of Interest Payment: Monthly, quarterly, or maturity
• Nomination Facility: Available 
• Preclosure Facility: Available, as per the normal facility
• TDS: Applicable

4. IND Secure 

IND SECURE is a special term deposit product introduced by Indian Bank, which has a fixed maturity period of 444 days. It is offered as a fixed deposit or a monthly maturity deposit to guarantee safe and assured returns with a minimal deposit of Rs 1,000.

• Tenure: 444 Days
• Nomination Facility: Available 
• Pre-closure Facility: Allowed 
• TDS: Applicable, as per the Income Tax Act

5. Motor Accident Claim Tribunal Deposit (MACAD) Scheme 

This scheme has two different options: Motor Accident Claims Annuity Deposit (MACAD) with an Equated Monthly Installment (EMI) facility, and PED, where the Principal is Equally Distributed and monthly interest, which gives a structured and regular payout.

• Tenure: 3 years to 18 years 
• TDS: Applicable 
• Nomination Facility: Available 
• Pre-Closure Facility: Yes Applicable 
• Roll Over Features: Not Applicable 

Key Benefits of Indian Bank Fixed Deposit

Here are some of the main benefits of opening an Indian Bank fixed deposit.

• Low Minimum Deposit: You can start an Indian Bank FD with just ₹1,000, which makes it accessible for many people, including first-time savers and small investors.
• Higher Interest for Senior Citizens: Senior citizens get an extra 0.50% interest per annum on deposits up to ₹10 crore. Super senior citizens get 0.75% extra interest over and above regular rates.
• Automatic Renewal: If you forget to renew your FD on time, Indian Bank offers auto-renewal for the same period at the prevailing interest rate. This ensures your money keeps earning interest without interruption.
• Loan Facility Against FD: If you need funds urgently, you can take an Indian Bank loan against FD without withdrawing your deposit.. The interest rate for loans is 1% more than the rate that was promised for the term deposit.
• Pre-Closure Option: If required, you can close your FD before maturity. Pre-closure is allowed, though some penalty may apply depending on the tenure and the amount, for example, if the period is more than or equal to 7 days and less than 181 days, with 1% lower than the applicable interest rate.
• Sweep-In/Sweep-Out Facility: Indian Bank offers this with its SB Platinum Account. Extra funds above ₹50,000 are moved into an FD automatically. If your balance falls, money is withdrawn from the FD. This helps earn more while keeping funds accessible.

How to Open an Indian Bank Fixed Deposit (FD)

You can open an Indian Bank FD easily, either by online mode or by visiting the nearest bank branch in a few simple steps:

1. Online Method

These steps are for existing Indian Bank customers with internet banking facilities. Follow the steps to avoid any confusion - 

• Netbanking Account - Log in to Indian Bank using your credentials
• Click on the Online Term Deposit - Navigate to “Online Term Deposit” (on the left side)
• Click on “e-TDA Opening” - Select “e-TDA Opening” from the available options 
• Click on the Agree Button - After reading the “Terms and Conditions,” click on agree.
• Click on Fixed Deposit - Select term deposit type (FD)
• Enter your Amount - Enter the deposit amount and select the tenure
• Fill Nominee’s Details - Add your nominee's details.
• Select FD Type - Choose the FD type and interest payout option.
• Confirm - Confirm details and apply by typing the transaction password.
• Collect Receipt - After confirmation, the FD receipt will be generated 

2. Offline Method 

For new customers or those who are not very comfortable with the online process, they can visit their nearest bank branch and follow the given instructions -

• Indian Bank Branch - Go to your nearest Indian Bank branch.
• Take Your Documents - Carry your PAN, ID proof, address proof, and a recent photograph.
• Complete Application Form - Fill in the FD application form.
• Select Your Payment Mode - Choose your deposit amount, tenure, and payout option.
• Make payment - Make the deposit using the preferred mode
• Receipt Collection - After the payment, you can collect your FD receipt.

Eligibility 

Here are some of the eligibility criteria that need to be fulfilled while applying for the Indian Bank FD - 

• Resident individuals for a single account 
• Two or more individuals can join the account  
• Minors
• Hindu Undivided Families (HUFs)
• Non-resident Indians (NRE account holders)
• A firm, a company, or an association

Key Takeaways

Indian Bank FD Rates provide guaranteed returns while protecting your savings with the security of one of India's oldest public sector banks. You can open an FD with a minimum amount of ₹1,000, and senior citizens enjoy enhanced interest rates for deposits up to ₹10 crore. Features such as auto-renewal, loan against the deposit, and secure deposits make Indian Bank FDs suitable for many depositors. Interest payment options and pre-closure options further enhance convenience. You can compare the best FD interest rates offered by different banks to make an informed decision.