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  • Indian Bank Recurring Deposit Interest Rates

     4.0 / 5.0   by 10 users
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    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    For deposits below Rs.1 crore

    TenureRs. 1 crore to Rs 5 crore %
    181 to less than 9 months4.5
    9 months to less than 1 Year4.5
    1 year4.75
    1 year to < 2 Years4.5
    2 years to < 3 Years4.5
    3 years and above4.5

    For deposits of Rs.1 crore to Rs.5 crores

    TenureRs. 1 crore to Rs 5 crore
    181 to less than 9 months4.5
    9 months to less than 1 Year4.5
    1 year4.75
    1 year to < 2 Years4.5
    2 years to < 3 Years4.5
    3 years and above4.5

    Get the Highest Interest Rates on Indian Bank Recurring Deposit

    The deposit schemes offered by Indian Bank are among the popular ones in India as they provide higher rates of interest to the depositors. Through its recurring deposit accounts, people benefit a lot as they get to save and earn money, at the same time. People can deposit money in their RD accounts for a minimum of 6 months and after that in multiples of 3 months for a maximum of 10 years. They can deposit a minimum of Rs.5 and thereafter in multiples of the same.

    Indian Bank Short-Term RD Interest Rates

    Indian Bank customers have the option of opening a recurring deposit account for a short- term period. A short- term recurring deposit account with Indian Bank can be opened for a period of 6 months to less than 2 years. The interest rate offered by the bank to its depositors on short- term deposits less than Rs.1 crore ranges between 5.75% and 6.25% per annum and for deposits worth Rs.1 crore to Rs.5 crores, the interest rate is 5.25% to 5.75% per annum.

    Indian Bank Medium and Long Term RD Interest Rates

    Indian Bank also provides its customers with the option of opening a medium and long term recurring deposit account. Depositors can open a medium term deposit account for a period of more than 2 years but less than 3 years and a long term recurring deposit account for a period which exceeds 3 years.

    For deposits less than Rs.1 crore, the bank offers an interest rate of 6.25% per annum on medium term and long term deposits and for deposits worth Rs.1 crore to Rs.5 crores, the bank offers an interest rate of 5.50% per annum.

    Indian Bank Senior Citizen RD Interest Rates

    Indian Bank offers attractive rates of interest to senior citizens when they invest money with the bank via a recurring deposit account. An additional interest is given on top of the normal recurring deposit rates in case of senior citizens.

    Indian Bank NRE Recurring Deposit Interest Rates

    NRI’s can open an Indian Bank RD account as well for a minimum of 1 year and maximum 10 years. The interest rate that NRI’s earn on their short- term recurring deposits of less than Rs.1 crore ranges between 6.50% percent and 7.25% percent per annum and on short- term deposits of Rs.1 crore to Rs.5 crores, they earn 7 percent per annum.

    On their medium term and long term recurring deposits of less than Rs.1 crore, they can earn an interest of 7.25 percent per annum and on medium term and long term deposits of Rs.1 crore to Rs.5 crores, they can earn an interest rate of 7 percent per annum.

    More you need to know about Recurring Deposit

    Indian Bank RD Schemes

    Read More Articles On RD

    News About Indian Bank Recurring Deposit

    • Change in Indian Bank RD Interest Rates

      Indian Bank has recently changed Recurring Deposit interest rates. After the change, the interest rate for a deposit of less than Rs.1 crore for a tenure of 6 months to below 2 years ranges between 5.75% p.a. and 6.25% p.a. The interest rate for deposits of Rs.1 crore to Rs.5 crores for the same tenure ranges between 5.25% p.a. and 5.75% p.a.

      The bank has also changed the interest rates of medium and long term recurring deposits. The interest rate for deposits of less than Rs.1 crore for a tenure of over 2 years to more than 3 years is 6.25% p.a. and the interest rate for deposits of Rs.1 crore to Rs.5 crores for the same tenure is 5.5% p.a.

      1st December 2016

    • Indian Bank Releases Revised Recurring Deposit Rates

      Indian bank has revised the interest rates offered for their recurring deposits. The interest rates offered for various tenures have been revised irrespective of whether the deposit amount is less than Rs. 1 Crore or ranging between Rs. 1 Crore to Rs. 5 Crore. The interest rates have been increased across most tenures below the 1 year mark. While there is a general increase in interest rates offered for tenures below 1 year such as 14 days or 30 days with a marked increase in interest rate from existing 4.50% p.a. to the now effective 5.50% p.a. the tenure for 1 year has had its interest rate reduced from 7.40% p.a. to 7.25% p.a. Senior citizens will enjoy an additional 0.50% interest rate upon the prevailing interest rates.

      17th August 2016

    • Indian Bank Introduces Few Changes for Recurring Deposit Tenures and Interest Rates

      Indian Bank Recurring Deposit has been one of the most preferred investment products amongst the risk averse investors. Recently, Indian Bank has made some changes in Recurring Deposit tenures and have revised the interest rates which makes the product all the more better. The RD scheme in Indian Bank is offered in two categories - one for deposits below Rs. 1 crore and one for deposits of Rs. 1 crore to Rs. 5 crores. As per the revision, the tenures have been split to 6 time periods - up to 6 months, 6 months to 9 months, 9 months to 1 year, 1 year to 2 years, 2 years to 3 years and above 3 years. For investments below Rs.1 crore, the interest rate for tenures up to 6 months is 6.50% per annum and 7.00% per annum for tenure greater than 6 months to up to 9 months. For all other tenure options, the interest rate remains fixed at 7.25% per annum.

      For recurring deposit investments varying between Rs. 1 crore to Rs. 5 crores, he interest rate for tenures up to 6 months is 6.50% per annum and for tenure greater than 6 months to up to 9 months 6.75% per annum. For all other tenure options, the interest rate remains fixed at 7.00% per annum.

      2nd March 2016

    Recurring Deposit - Sitemap

    Indian Bank RD Rates Reviews

  • Page 1 of 1
    • Indian Bank Recurring Deposit
      "Average "
      INDIAN BANK
      0.5 3.0/5 "Satisfactory"
      With the Indian bank , I do have the recurring deposit and the account got opened on immediate basis. Premature withdraw charges are applicable with them for the deposit. Online banking services are good one with the Indian bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Indian Bank Recurring Deposit
      "INDIAN bank RD"
      INDIAN BANK
      0.5 5.0/5 "Blown Away!"
      INDIAN bank has got the lowest processing fee for any product. since I am staff of that particular bank I get a privileged interest rate 1% on top of the normal one. As I told with the help of mobile app I can do the deposits online too and there is no need for me to visit the branch for any deposits, it can be opened online and can be closed online too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 17, 2017
    • Indian Bank Recurring Deposit
      "Its okay"
      INDIAN BANK
      0.5 5.0/5 "Blown Away!"
      Presently, I had invested with INDIAN Bank RD as their scheme is the best and interesting. I like their services very much, the amount will get credit ted to my account immediately soon as the amount gets matured it would be transferred to my account instantly. Interest rate what they had offered was very good and this RD was opened at the Branch.
      Was this review helpful? 4
      , pune
      Reviewed on Nov 03, 2016
    • Indian Bank Recurring Deposit
      "Just okay"
      INDIAN BANK
      0.5 2.0/5 "Expected more"
      I have the recurring deposit account with the Indian Bank and the interest rate was around 9% per annum. Customer service is not up to the mark because they are nationalized bank. Net banking facilities are good with them and their turn around to time to resolve any issues will take three days of time.
      Was this review helpful? 3
      , chennai
      Reviewed on Feb 09, 2016
    • Indian Bank Recurring Deposit
      "Nice service "
      INDIAN BANK
      0.5 5.0/5 "Blown Away!"
      I do maintain the recurring deposit with Indian Bank and the service provided was really good.They also provide nice service to the customer.They apply interest rate around 8.9% for the account.I have been using the account for 2years depositing for recurring.
      Was this review helpful? 2
      , bangalore
      Reviewed on Oct 09, 2015
    • Indian Bank Recurring Deposit
      "Average"
      INDIAN BANK
      0.5 3.0/5 "Satisfactory"
      I had the recurring deposit with the Indian Bank. I opened this account through online and I opened this with small capital and I withdrawn it within 3 months of time and I got some interest rate. They have not penalized anything for that before withdrawn the minimum locking of 2 years.
      Was this review helpful? 2
      , chennai
      Reviewed on Sep 12, 2015
    • Indian Bank Recurring Deposit
      "Good"
      INDIAN BANK
      0.5 5.0/5 "Blown Away!"
      I have recurring deposit with Indian Bank. They have offered me a good rate of interest. They have a quick process when the tenure is complete. The funds are transferred immediately. There is not much of a process. It is quick.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 09, 2015
    • Indian Bank Recurring Deposit
      "Good"
      INDIAN BANK
      0.5 4.0/5 "Great!"
      I have a recurring deposit with Indian Bank. The services has been good with this account. I been banking with them for the last 5 years for this account and when ever I close this account the money gets transferred immediately.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 04, 2015
    • Indian Bank Recurring Deposit
      "Good"
      INDIAN BANK
      0.5 3.0/5 "Satisfactory"
      Rate of interest is normal like other bank for Recurring deposit where providing 8.5% to 9% depending on tenure. I am expecting Indian bank to increase the rate of interest for RD if so I will be very glad. Service and response is good. On whole satisfied with Indian bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 20, 2014
    • Indian Bank Recurring Deposit
      "Its a flexible one"
      INDIAN BANK
      0.5 5.0/5 "Blown Away!"
      It is called as a flexible RD and I am holding a Indian Bank Recurring deposit any time if I want I can deposit and how many ever times I want there is no restriction the maximum limit is 10 lakhs and minimum is Rs 50 and I am happy with the rate of interest and overall its good.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jun 21, 2014
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