Indian Bank FD Rates, July 2019

Tenure	Interest Rates for Regular Deposit	Interest Rates for Senior Citizen
7 days to 14 days	4.50%	5.00%
15 days to 29 days	4.50%	5.00%
30 days to 45 days	4.50%	5.00%
46 days to 90 days	5.00%	5.50%
91 days to 120 days	6.00%	6.50%
121 days to 180 days	6.25%	6.75%
181 days to 269 days	6.50%	7.00%
9 months to 364 days	6.50%	7.00%
1 year	6.75%	7.25%
1 year 1 day to 1 year 364 days	6.60%	7.10%
2 years to 2 years 364 days	6.50%	7.00%
3 years to 10 years	6.00%	6.50%

Investment Amount Minimum - Rs.100 Maximum- No Maximum Limit

Tenure Minimum - 7 daysMaximum- 10 Years

Senior Citizen Friendly Account avail an additional interest rate on your senior citizen account of 0.05% up to Rs. 5 cr

Quarterly or Monthly Interest Avail quarterly or monthly interests on your fixed deposits and avail discounts

Indian Bank FD Interest Rates

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 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.)
MATURITY PERIOD	DEPOSIT AMOUNT	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.)
MATURITY PERIOD	DEPOSIT AMOUNT	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