For deposits below Rs.1 crore
Tenure | Rs. 1 crore to Rs 5 crore % |
181 to less than 9 months | 4.5 |
9 months to less than 1 Year | 4.5 |
1 year | 4.75 |
1 year to < 2 Years | 4.5 |
2 years to < 3 Years | 4.5 |
3 years and above | 4.5 |
For deposits of Rs.1 crore to Rs.5 crores
Tenure | Rs. 1 crore to Rs 5 crore |
181 to less than 9 months | 4.5 |
9 months to less than 1 Year | 4.5 |
1 year | 4.75 |
1 year to < 2 Years | 4.5 |
2 years to < 3 Years | 4.5 |
3 years and above | 4.5 |
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
- Compare Recurring Deposit Interest Rates of Indian Bank with Other Banks and Institutions
- Check Features and Schemes of Indian Bank Recurring Deposit
Indian Bank RD Schemes
Read More Articles On RD
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