Indian Bank Swarna Nidhi RD

The Indian Bank Swarna Nidhi Deposit is a recurring deposit and a variable recurring deposit that offers you an excellent option to use the maturity proceeds to buy golds coins at a discount. Deposit holders get a discount on the gold coins to be purchased from the proceeds at Rs 25 per gram.

Updated On - 05 Sep 2025

IB Swarna Nidhi RD/IB Swarna Nidhi VRD is offered as a recurring deposit scheme for customers with an option to purchase a gold coin from Indian Bank after the maturity date.

This recurring deposit from Indian Bank offers complete flexibility with regards to deposit amounts and deposit tenures.

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Features of IB Swarna Nidhi RD/IB Swarna Nidhi VRD

Interest Rates:

The interest rates on an IB Swarna Nidhi RD/IB Swarna Nidhi VRD account is applied on a quarterly basis. For deposit amounts below Rs. 1 crore, the interest rate offered by Indian Bank ranges from 5.00% to up to 7.25%.

For deposit amounts varying from Rs. 1 crore to up to Rs. 5 crores, the interest rate offered by Indian Bank ranges from 5.00% to up to 7.00%.

For Deposits up to Rs.1 Crore
Tenure	Interest Rate
6 months to 9 months	7.00 % p.a.
9 months to below 1 year	7.25 % p.a.
1 year to 2 years	7.25 % p.a.
2 years to 3 years	7.25 % p.a.
3 years and above	7.00 % p.a.

For Deposits between Rs.1 Crore and Rs. 5 crores
Tenure	Interest Rate
6 months to 9 months	6.75 % p.a.
9 months to below 1 year	6.75 % p.a.
1 year to 2 years	6.75 % p.a.
2 years to 3 years	6.75 % p.a.
3 years and above	6.50 % p.a.

Deposit Amount:

Customers can open recurring deposit accounts with a minimum amount of Rs. 500 and can be increased in multiples of Rs. 100. For the IB Swarna Nidhi VRD scheme the maximum deposit amount can be Rs. 10 lakhs per month.

Deposit Tenure:

Customers can open recurring deposit accounts with a minimum tenure of 6 months and up to a maximum tenure of 12 months.

Other Features:

Account holders can get discounts on the purchase of gold coins at the rate of Rs. 25 per gram. If the customer's account has a maturity value of Rs. 12,000 or above, then Indian Bank will provide complimentary personal accident insurance for a value of Rs. 1 lakh under the IB Chatra policy.

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