Fixed Deposit Rate of Indian Bank

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 14 days 4.00% 4.50%
15 days to 29 days 4.00% 4.50%
30 days to 45 days 4.50% 5.00%
46 days to 90 days 4.50% 5.00%
91 days to 120 days 5.25% 5.75%
121 days to 180 days 5.25% 5.75%
181 days to 269 days 5.75% 6.25%
9 months to 364 days 6.25% 6.75%
1 year 6.50% 7.00%
1 year 1 day to 1 year 364 days 6.25% 6.75%
2 years to 2 years 364 days 6.25% 6.75%
3 years to 10 years 6.00% 6.50%

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Indian Bank is regarded as one of the top performing and best servicing financial services company which was established in 1907. The company boasts of overseas branches in Sri Lanka and Singapore.

Indian Bank offers great additional interests to senior citizens, eligible ex-staff members and ex staff cum senior citizens. For instance, the additional FD interest rates in Indian Bank for senior citizens are 0.50% p.a. above the normal rate of interest, but for amounts less than Rs.1 crore. This additional rate of interest is offered for tenure of investment between 15 days to 10 years over the normal rate for Indian Bank fixed deposit scheme, short term deposit scheme and Reinvestment plan scheme.

As part of customer friendly measure, the Indian Bank ensures that all types of deposits like Reinvestment plan deposits, fixed deposits and short term deposits are automatically rolled over the same tenure under the similar scheme. The prevailing rate of interest on FD in Indian Bank is applicable on the date of automatic renewable to the rolled over amount.

It should be noted that the rate of interest on the bank’s deposit in domestic term is actually applicable to Capital Gains Scheme. Recently, there have been revised rate of interests, but they are applicable on renewal of any maturing deposits and fresh deposits.

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