-
Home
-
Fixed Deposit Interest Rates
- Indian Bank FD Rates
Indian Bank Fixed Deposit
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.
| Indian Bank FD Rates in India | ||
|---|---|---|
| Tenure | General Public FD Rates | Senior Citizen FD Rates |
| 7 days to 14 days | 3.05% | 3.55% |
| 15 days to 29 days | 3.25% | 3.75% |
| 30 days to 45 days | 3.25% | 3.75% |
| 46 days to 90 days | 3.25% | 3.75% |
| 91 days to 180 days | 4.00% | 4.50% |
| 181 days to 269 days | 4.50% | 5.00% |
| 9 months to 364 days | 4.50% | 5.00% |
| 1 year | 5.50% | 6.00% |
| 1 year 1 day to 1 year 364 days | 5.40% | 5.90% |
| 2 years to 4 years 364 days | 5.40% | 5.90% |
| 5 years | 5.40% | 5.90% |
Indian Bank Fixed Deposit Rates
It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.
For Domestic Deposits - less then Rs. 1cr (As on Feb 10, 2017)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) | |
| General | Senior Citizen | ||
| 7 days to 14 days | less then Rs. 1cr | 4 | 4.5 |
| 15 days to 29 days | less then Rs. 1cr | 4 | 4.5 |
| 30 days to 45 days | less then Rs. 1cr | 4.5 | 5 |
| 46 days to 90 days | less then Rs. 1cr | 4.5 | 5 |
| 91 days to 120 days | less then Rs. 1cr | 5.25 | 5.75 |
| 121 days to 180 days | less then Rs. 1cr | 5.25 | 5.75 |
| 181 days to less than 9 months | less then Rs. 1cr | 5.75 | 6.25 |
| 9 months to less than 1 year | less then Rs. 1cr | 6.25 | 6.75 |
| 1 year | less then Rs. 1cr | 6.5 | 7 |
| Above 1 year to less than 2 years | less then Rs. 1cr | 6.25 | 6.75 |
| 2 year to less than 3 years | less then Rs. 1cr | 6.25 | 6.75 |
| 3 years and above | less then Rs. 1cr | 6 | 6.5 |
For Domestic Deposits - Rs. 1 cr to 5 crs (As on Feb 10, 2017)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) | |
| General | Senior Citizen | ||
| 7 days to 14 days | Rs. 1 cr to 5 crs | 4 | N.A |
| 15 days to 29 days | Rs. 1 cr to 5 crs | 4 | N.A |
| 30 days to 45 days | Rs. 1 cr to 5 crs | 4 | N.A |
| 46 days to 90 days | Rs. 1 cr to 5 crs | 4 | N.A |
| 91 days to 120 days | Rs. 1 cr to 5 crs | 5 | N.A |
| 121 days to 180 days | Rs. 1 cr to 5 crs | 5 | N.A |
| 181 days to less than 9 months | Rs. 1 cr to 5 crs | 5.25 | N.A |
| 9 months to less than 1 year | Rs. 1 cr to 5 crs | 5.5 | N.A |
| 1 year | Rs. 1 cr to 5 crs | 5.75 | N.A |
| Above 1 year to less than 2 years | Rs. 1 cr to 5 crs | 5.5 | N.A |
| 2 year to less than 3 years | Rs. 1 cr to 5 crs | 5.25 | N.A |
| 3 years and above | Rs. 1 cr to 5 crs | 5.25 | N.A |
Tax Saver FD (Max Deposit - 1 LPA)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) | |
| General | Senior Citizen | ||
| IB Tax Saver schemes - 5 Years | Upto Rs. 1 lakh | 6 | 6.5 |
Tax Implications
- The amount invested in Fixed Deposit with a tenure of 5 years with Indian Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
- The applicable tax will be deducted at source, i.e. Indian Bank, in case the annual interest earned crosses Rs. 10,000.
For NRE Fixed Deposit - less then Rs. 1cr (As on Feb 10, 2017)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) |
| 1 year | less then Rs. 1cr | 6.5 |
| Above 1 year to less than 2 years | less then Rs. 1cr | 6.25 |
| 2 year to less than 3 years | less then Rs. 1cr | 6.25 |
| 3 years and above | less then Rs. 1cr | 6 |
For NRE Fixed Deposit - Rs. 1 cr to 5 crs (As on Feb 10, 2017)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) |
| 1 year | Rs. 1 cr to 5 crs | 4.75 |
| Above 1 year to less than 2 years | Rs. 1 cr to 5 crs | 4.5 |
| 2 year to less than 3 years | Rs. 1 cr to 5 crs | 4.5 |
| 3 years and above | Rs. 1 cr to 5 crs | 4.5 |
Written By: PolicyBazaar - Updated: 31 July 2020
Compare with other Bank
Allahabad Bank FD Rates
Andhra Bank FD Rates
Axis Bank FD Rates
Bandhan Bank FD Rates
Bank of Baroda FD Rates
Bank of India FD Rates
Bank of Maharashtra FD Rates
Canara Bank FD Rates
Central Bank of India FD Rates
Citi Bank FD Rates
Corporation Bank FD Rates
Dena Bank FD Rates
HDFC Bank FD Rates
ICICI Bank FD Rates
IDBI Bank FD Rates
IDFC Bank FD Rates
Indian Overseas Bank FD Rates
IndusInd Bank FD Rates
Karnataka Bank FD Rates
Kotak Mahindra Bank FD Rates
Punjab National Bank FD Rates
RBL Bank FD Rates
State Bank of Hyderabad FD Rates
SBI FD Rates
State Bank of Mysore FD Rates
State Bank of Travancore FD Rates
Syndicate Bank FD Rates
UCO Bank FD Rates
Union Bank of India FD Rates
Vijaya Bank FD Rates
Yes Bank FD Rates
SBI IFSC Code
Bank of Baroda IFSC Code
AXIS Bank IFSC Code
ICICI Bank IFSC Code
Indian Bank IFSC Code
Canara Bank IFSC Code
Bank of India IFSC Code
HDFC Bank IFSC Code
Andhra Bank IFSC Code
Central Bank of India IFSC Code
Allahabad Bank IFSC Code
Punjab National Bank IFSC Code
Syndicate Bank IFSC Code
Bank of Maharashtra IFSC Code
Citi Bank IFSC Code
Gold Rate Today
Gold Rate In Metro Cities
Gold Rate In Delhi
Gold Rate In Bangalore
Gold Rate In Chennai
Gold Rate In Mumbai
Gold Rate In Kolkata
Gold Rate In Hyderabad
Gold Rate In Pune
Gold Rate In Ahmedabad
Gold Rate In Gurgaon
Gold Rate In Other Cities
Gold Rate In Lucknow
Gold Rate In Madurai
Gold Rate In Patna
Gold Rate In Coimbatore
Silver Rate Today