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    Indian Bank Fixed Deposit Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    6% - 6.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Indian Bank Fixed Deposit Rates is Rated as "Excellent!" by 23 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Indian Bank Fixed Deposit Rates

    Indian Bank, a public-sector banking institution in India, offers a varied suite of banking products and services to its customers. Fixed deposits form a part of the banks savings solutions offered to its retail clients. These FD schemes feature attractive interest rates for optimum returns.

    The above table reflects all fixed deposit rates as announced by Indian Bank. These rates are closely monitored to reflect any changes made by the bank.

    The updated list of Indian Bank Fixed Deposit Interest Rates, for Normal and Senior Citizen per specific tenures, is listed below:

    Period Regular FD Rates Senior Citizen FD Rates
    7 days to 14 days 4 4
    15 days to 29 days 4 4.5
    30 days to 45 days 4.5 5
    46 days to 90 days 4.5 5
    91 days to 120 days 5.25 5.75
    121 days to 180 days 5.25 5.75
    181 to less than 9 months 5.75 6.25
    9 months to less than 1 Year 6.25 6.75
    1 year 6.5 7
    1 year to < 2 Years 6.25 6.75
    2 years to < 3 Years 6.25 6.75
    3 years and above 6 6.5
    Minimum and Maximum Indian Bank fd interest rates 2017 for Regular and Senior Citizen
    Indian Bank FD Rates

    Indian Bank Short-Term FD Rates

    Interest rates on Indian Banks fixed deposits start at 4.5% for its 30-day FD scheme, and goes a percentage point higher to 4.5% for deposit terms of 60 and 90 days. This is further enhanced to 5.25% and 5.75% for a 120-day and 6-month deposit period, respectively. The highest rate on offer is at 6.25% for tenures of 9 months and above.

    Indian Bank Medium and Long-Term FD Rates

    All deposit holdings between 1 year and 3 years earn interest @ 6%.to 6.5%

    Indian Bank Senior Citizen FD Rates

    Senior citizens stand to gain an extra 0.5% on interest rates across all schemes. This puts short-term rates, for this class of customers, in the range of 5% to 7%. Medium and long-term rates are constant at 7% for tenures between 1 year and for 3 years is 6.5%.

    Interest is compounded on a quarterly basis. Indian Bank provides attractive short-term savings options to those who wish to maximise returns on surplus funds without making undue compromises on liquidity.

    News About Indian Bank

    • Fixed Deposit Rate Changes for Indian Bank

      Lowering and increasing of rates for loans and credit facilities has been going on for banks, alongside the changes that are being made to the fixed deposit schemes in place. While some banks are reducing the rates and splitting up the tenures, some banks are increasing the rates over specific tenures and decreasing the rates on others.

      Indian Bank currently offers the following rates for deposits up to INR 1 crore. From 7 days to 45 days, the active rate of interest changed to 5% per annum from 5.25% per annum and from 46 days to 90 days, the rate of interest now reads 6% per annum as opposed to 6.25% per annum. From 91 days to 180 days, the rate of interest as advertised is now 6.50% per annum from the erstwhile 6.75% per annum and that becomes 7% for a period of 181 days to less than 9 months. From 9 months and above, deposits can enjoy a rate of interest of 7.25% per annum and that is the highest rate of interest available.

      23rd February 2016

    • Fixed Deposit Rate Changes for Indian Bank

      Foreign currency non-resident term deposits at Indian Bank have faced a rate change that will be effective immediately.

      For deposits of 1 year and above but less than two years,the existing rates of 1.88 percent have been brought down to 1.70 percent concerning US dollars. Similarly, deposits of two years and above but less than 3 years have seen a decrease to 1.86% from an earlier 2.16%. 3 years and above but less than 4 years deposits will now have an interest rate of 2.50% instead of 2.93%. Rates fell from 3.12% to 2.65% per annum for deposits of 4 years and more but less than 5 years, while deposits spanning more than 5 years faced a 0.6% decrease and are currently set at 2.79% per annum.

      3rd February 2016

    • NRI Deposits see a spike in Interest Rates

      Indian Bank has reportedly increased its interest rates for foreign currency non-resident Indian deposits with immediate effect.

      The interest rate for Foreign Currency Non-Resident (Banking) deposits in dollar terms has been fixed at 1.88%, from the existing 1.70%, for deposits of one year and above but less than two years. Though marginal, an increase of 0.18% is quite welcome. For deposits of two years and above but less than three years, the interest rate has been revised to 2.16% gaining an increase of 0.16%. For deposits of three years and above but less than four years, an increase of 0.17% has brought the final rate to 2.93% per annum. For deposits of four years and above and less than 5 years, a similar increase of 0.17%. For deposits more than 5 years in tenure, a 0.16% increase has brought the interest rate to 3.25% per annum.

      5th January 2016

    • Foreign Currency Non-Resident Deposits rate revised by Indian Bank

      Indian Bank has decided to reduce their Foreign Currency Non-Resident Deposits rates effective today 5th October 2015. For deposits made in US dollars the bank has decided to reduce the rate from 2.76% - 2.51% for deposits of 3 years and above but less than 4 years, for deposits of 4 years and above but but less than 5 years the rate have been cut to 2.73% from 2.98%. For deposits made for 5 years, the interest rates have been cut to 2.92% from 3.17%. The rates will not change for deposits of 1-3 years

      5th October 2015

    • Revised FCNR deposit rates by Indian Bank

      Foreign Currency non-resident deposits or FCNR deposits from Indian Bank will offer revised rates to customers from June 1st, 2015 onwards. Indian Bank is a public sector bank in India and has revised rates that it offers to its non-resident customers.

      Deposits with a lock-in period between 1-2 years will offer interest rate of 1.50 per cent p.a. as against 1.46 per cent existing rate of interest. For deposits between 2-3 years, the rate has been fixed at 1.87per cent p.a. which is 0.04% more than the existing rate of 1.83 per cent.

      The rates have gone up from 2.88 percent to 2.95 per cent for deposits with a deposit period of 3-4 years. Similarly, deposits with 4-5 years of deposit period are now pegged at 3.19 per cent as against the prevailing rate of 3.13.

      Deposits above 5 years of tenure will fetch a rate of 3.40 per cent which is 0.07 per cent higher than the current 3.33 per cent p.a.

      01st June 2015

    Indian Bank Fixed Deposit Reviews

    • Indian Bank Fixed Deposit
      "Deposit scheme"
      0.5 4.0/5 "Great!"
      I have a Fixed deposit scheme with Indian Bank which I have been taking and reinvesting in it for a couple of times. The recent scheme is for 3 years and offers an interest rate of 7-8%.. Its a very user friendly procedure of applying by filling the forms which is simple,time saving and foolproof as well.
      Was this review helpful? 7
      , coimbatore
      Reviewed on May 04, 2016
    • Indian Bank Fixed Deposit
      "Fixed deposit with nationalized bank"
      0.5 5.0/5 "Blown Away!"
      I have the fixed deposit account with the Indian bank and I been with them from the last two years of time. Advantages are not such with them rather than they are nationalized bank. They have provided around 8.5% for the first year and now they are providing around 7.5% as interest rate now.
      Was this review helpful? 8
      , chennai
      Reviewed on Apr 13, 2016
    • Indian Bank Fixed Deposit
      "Future benefits.."
      0.5 3.0/5 "Satisfactory"
      My fixed account is with Indian Bank for the past 10 years. They are providing more benefits for their senior citizens. I am getting around 8% interest for this account. In terms of customer service they were very slow and it would be great speed up their process.
      Was this review helpful? 8
      , chennai
      Reviewed on Jan 02, 2016
    • Indian Bank Fixed Deposit
      "FD rate is high.."
      0.5 5.0/5 "Blown Away!"
      My father is an employee of Indian Bank and on that I opened the fixed deposit. In addition to that the rate for fixed deposit is something high for me. Not activated the net banking but I tried once where that is pretty good and not user friendly.
      Was this review helpful? 6
      , bangalore
      Reviewed on Dec 14, 2015
    • Indian Bank Fixed Deposit
      "Very good"
      0.5 5.0/5 "Blown Away!"
      INDIAN Bank Fixed Deposit is fine its very good. I am holding this FD for 10 years . The most interesting about is the rate of interest 9% annual basis they have charged interest. Interest rate offered by INDIAN for senior citizen was 9.5% . I am allowed to make a partial liquidation and I can withdraw a part about the amount.
      Was this review helpful? 8
      , new delhi
      Reviewed on Nov 26, 2015
    • Indian Bank Fixed Deposit
      "Its fine"
      0.5 5.0/5 "Blown Away!"
      INDIAN Fixed Deposit is fine. I am holding this FD for quite some time now. I am holding this FD for a period of 9 months. The best part about this FD is just the rate of interest for 9 months is more I am getting a better interest on that. There is no drawback or challenges here.
      Was this review helpful? 4
      , pondicherry
      Reviewed on Nov 25, 2015
    • Indian Bank Fixed Deposit
      "My FD"
      0.5 5.0/5 "Blown Away!"
      My FD is with INDIAN Bank. Customer service offered by them was prompt. If any one is having an account with INDIAN bank they can invest there. The best part here is they call up when the FD is getting matured to check whether they are interested in taking it further or not, I am holding this FD since 2016 March,
      Was this review helpful? 2
      , kolkata
      Reviewed on Nov 11, 2015
    • Indian Bank Fixed Deposit
      "Family bank...."
      0.5 5.0/5 "Blown Away!"
      Indian bank is best for Fixed account. We will get higher interest compare to other banks. They offered 8%. They were very customer friendly and I would say its kind of family bank. Its in my home down and I am associated with them for the past 20yrs.
      Was this review helpful? 3
      , kolkata
      Reviewed on Oct 29, 2015
    • Indian Bank Fixed Deposit
      "Very good"
      0.5 5.0/5 "Blown Away!"
      INDIAN FD is fine my feedback for them is it is really nice and the bank next to my place . This is my first account so I have opened this FD and I am holding this FD for a period of 8 to 9 months. The interest rate offered by them is the best in the market and I have got this FD certificate on time.
      Was this review helpful? 5
      , madurai
      Reviewed on Sep 25, 2015
    • Indian Bank Fixed Deposit
      "Need to be categorized.."
      0.5 3.0/5 "Satisfactory"
      Indian bank is a nationalized bank and easy to access but visiting the branch is very difficult as their services are not systematic. If we go the branch we need to stand in a queue to get things done. Also the net banking is not categorized. For my Fixed Deposit the rate of interest is 8.65% and it is of simple rate.
      Was this review helpful? 2
      , hosur
      Reviewed on Aug 27, 2015
    • Indian Bank Fixed Deposit
      "They know how to take care of their customers"
      0.5 4.0/5 "Great!"
      I have a fixed deposit account with Indian Bank. The services has been good for this. They know how to take care of their customers. They offer a good rate of interest. It is of 8.5%. If I withdraw my money before the maturity term, they would not charge any penalty fee. I have this account for the last seven month with them. They know how to take care of their customers.
      Was this review helpful? 3
      , bhubaneshwar
      Reviewed on Jul 25, 2015
    • Indian Bank Fixed Deposit
      "Good"
      0.5 5.0/5 "Blown Away!"
      Interest rate offered for the Fixed deposit plan is 8.5% from Indian bank in which the minimum lock in period is one year. In case the tenure is increase then the interest rate will be reduced. In case if we break the rd in between the tenure there will be no extra charges. We will receive a message once the plan is been matured.In case we want to renewal the plan we have to visit the bank. The minimum amount is Rs.5000 to start the FD plan.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 24, 2015
    • Indian Bank Fixed Deposit
      "Indian Bank Fixed Deposit"
      0.5 1.5/5 "Bad"
      I did the fixed deposit manually at Indian Bank Sukrawarpet Coimbatore branch. Being a Government bank the customer service is pathetic. The interest rate is reduced from 8.75 to 8.5. To save the tax provide the PAN card number. The procedure to apply the fixed deposit manually is simple. Go to the branch, get the fixed deposit form. Fill the form. Handover to the bank employee. The money will be deducted from your bank account. After the money is deducted, the bank employee will handover a fixed deposit certificate to you. After the maturity, go back to the bank with the fixed deposit certificate, to get back the cash. The cash will be deposited in your bank account.
      Was this review helpful? 13
      , coimbatore
      Reviewed on Jun 05, 2015
    • Indian Bank Fixed Deposit
      "Fabulous"
      0.5 5.0/5 "Blown Away!"
      Indian Bank Fixed deposit service is very good. I hold an account with Indian Bank. I have visited the Branch for opening an account with them and it took about 30 minutes of time to open this account. Any time when ever I want I can break it. I have got the FD Deposit certificate as well.
      Was this review helpful? 6
      , chennai
      Reviewed on May 18, 2015
    • Indian Bank Fixed Deposit
      "Interest on fixed deposit"
      0.5 3.5/5 "Pretty good"
      I have a saving account with Indian bank where I keep opening short term fixed deposits as it provides a very attractive interest rate even on short term deposit, for eg on a short term deposit of 6months it gives interest at the rate of 8.5% , for 3 months it gives an interest rate of 8%.
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 04, 2014
    • Indian Bank Fixed Deposit
      "Quite good!!!!!!!!!"
      0.5 2.5/5 "Just OK"
      I am having fixed deposit with Indian bank wherein I am investing small amount monthly . I am getting interest rates as profit. It was good to have public sector with us in future. Overall I am very much satisfied by the service
      Was this review helpful? 5
      , delhi
      Reviewed on Sep 23, 2014
    • Indian Bank Fixed Deposit
      "My FD with Indian bank"
      0.5 4.5/5 "Excellent!"
      Three years ago I have created my fixed deposit with Indian bank considering the bank is very close my house and the rate of interest was very much competitive when compared to other banks in the market. Indian bank have a pretty good customer service and the response was also too good.
      Was this review helpful? 7
      , mumbai
      Reviewed on Aug 18, 2014
    • Indian Bank Fixed Deposit
      "Good to have in locker facility"
      0.5 5.0/5 "Blown Away!"
      I availed fixed locker from Indian bank. To avail the locker facility I forced to have Fixed deposit Rs.50000.Locker is required to keep jewels . Customer service was good. No suggestions for them to improve their services as they already doing good.
      Was this review helpful? 6
      , chennai
      Reviewed on Aug 12, 2014
    • Indian Bank Fixed Deposit
      "Vey good service"
      0.5 4.0/5 "Great!"
      Last one year I am maintaining a fixed deposit with Indian bank. It was very easy for me to create the FD because I am a member of the bank. It is a government bank and I don't have any problem. Employees of the bank keep changing frequently however their policies and procedure never change. I have an experience of taking a educational loan in the past which was a great experience. They have given the rate of interest as per RBI guidelines however they don't charge any pre-closure charges and processing fees for loans.
      Was this review helpful? 6
      , chennai
      Reviewed on Aug 07, 2014
    • Indian Bank Fixed Deposit
      "Expect more customer support"
      0.5 5.0/5 "Blown Away!"
      I approached the Indian bank for fixed deposit for my urgency. Its like more or less savings account with this bank and the processing was almost 15 days and it was simple. I have to follow up, once approached, they are responsive. Interest rate is good.
      Was this review helpful? 5
      , chennai
      Reviewed on Jul 19, 2014
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