Indian Bank FD Interest Rates 2024 (Below Rs. 3 crore)
| Tenure | General Public FD Rate | Senior Citizens FD Rate |
|---|---|---|
| 7 days to 14 days | 2.80% | 3.30% |
| 15 days to 29 days | 2.80% | 3.30% |
| 30 days to 45 days | 3.00% | 3.50% |
| 46 days to 90 days | 3.25% | 3.75% |
| 91 days to 120 days | 3.50% | 4.00% |
| 121 days to 180 days | 3.85% | 4.35% |
| 181 days to less than 9 months | 4.50% | 5.00% |
| 9 months to less than 1 year | 4.75% | 5.25% |
| "Ind Supreme 300 Days (w.e.f 01.07.23 valid upto 31.08.23)" | 7.05% | 7.55% |
| 1 year | 6.10% | 6.60% |
| Above 1 year to less than 2 years | 7.10% | 7.60% |
| "Ind Super 400 Days (w.e.f 20.04.23 valid upto 31.08.23)" | 7.25% | 7.75% |
| 2 years to less than 3 years | 6.70% | 7.20% |
| 3 years to less than 5 years | 6.25% | 6.75% |
| 5 year | 6.25% | 6.75% |
| Above 5 years | 6.10% | 6.60% |
Indian Bank FD Interest Rates 2024 (Above Rs.3 crore and below Rs.5 crore)
| Tenure | General Public FD Rate | Senior Citizens FD Rate |
|---|---|---|
| 7 days to 14 days | 5.00% | 5.50% |
| 15 days to 29 days | 5.00% | 5.50% |
| 30 days to 45 days | 6.00% | 6.50% |
| 46 days to 90 days | 5.25% | 5.75% |
| 91 days to 120 days | 5.25% | 5.75% |
| 121 days to 180 days | 5.50% | 6.00% |
| 181 days to less than 9 months | 5.50% | 6.00% |
| 9 months to less than 1 year | 6.25% | 6.75% |
| 1 year | 6.70% | 7.20% |
| Above 1 year to less than 2 years | 6.65% | 7.15% |
| 2 years to less than 3 years | 6.10% | 6.60% |
| 3 years to less than 5 years | 6.00% | 6.50% |
| 5 year | 6.00% | 6.50% |
| Above 5 years | 6.00% | 6.50% |
About Indian Bank
Indian Bank came to be established on 5th March 1907, with an authorized capital of Rs.20 lakhs. The bank commenced its operations on 15th August 1907 and is known for offering financial products such as fixed deposits and loans. Besides its financial products, Indian Bank also offers digital products including Point of Sale solutions, IndOasis, IB Collect Plus, and more. The public sector bank serves more than 100 million customers with 6,089 branches and 5,022 ATMs. It has over 20,924 employees and 1,494 cash deposit machines to effectively offer banking solutions to its growing customer base. Allahabad Bank merged with Indian Bank from 1st April 2020, making it the seventh-largest bank in the country.
Benefits of Indian Bank Fixed Deposit
- 1. Diverse schemes - Indian Bank offers a wide range of deposit schemes for its various category of customers. These include IB Tax Saver Scheme, Money Multiplier Deposits, Indian Bank Fixed Deposits, Motor Accident Claim Tribunal Deposit (MACAD) Scheme, Capital Gains, and Short Term Deposits.
- 2. Benefits for senior citizens - For domestic term deposits, senior citizens can earn an additional Indian Bank fixed deposit rate of 0.50% for amounts up to Rs.10 crore. The depositors must submit proof of age to show they have completed 60 years.
- 3. Loan against FD - You can avail a loan up to 90% of the fixed deposit amount with the bank. Maximum loan tenure is restricted up to the tenure of the fixed deposit.
