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    Indian Bank Fixed Deposit Rates

    We found 4 Indian Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7% Quarterly compounding
    Response Time Within 30 minutes
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    6% - 6.5% Quarterly compounding
    Response Time Within 30 minutes
    Good to Know

    Indian Bank Fixed Deposit Rates is Rated as "Excellent!" by 23 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    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

    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 @ 6.5%

    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


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