Indian Bank offers deposits and loans to its retail and commercial customers at attractive rates. Among the other deposit accounts, the bank offers various fixed deposit (FD) or time deposit schemes to its retail customers. Each scheme has unique features and covers the needs of all types of customers.
Know more about how the Indian Bank FD rates and schemes and pick the right scheme for you.
RBI has announced a new rule applicable to unclaimed, matured FD accounts. That is the funds in an unclaimed, matured FD account will attract an interest rate as applicable to the savings account or the contracted rate of the matured FD, whichever is lower.
This is the Latest FD Interest Rates 2025 for Indian Bank
Fixed Deposit Interest Rates 2025 of Indian Bank
The interest rates provided in the table below is applicable to deposits less than Rs.3 crore.
| Deposit Tenure | Interest Rates for General Customers (% p.a.)* | Interest Rates for Senior Citizens (% p.a.)* |
| 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 |
| 300 days (Ind Supreme Product) | 7.05 | 7.55 |
| 1 year | 6.10 | 6.60 |
| 400 days (Ind Super Product) | 7.30 | 7.75 |
| Above 1 year to less than 2 years | 7.10 | 7.60 |
| 2 years to less than 3 years | 6.70 | 7.20 |
| 3 years to less than 5 years | 6.25 | 6.75 |
| 5 years | 6.25 | 6.75 |
| Above 5 years | 6.10 | 6.60 |
*Interest rates are subject to change from time to time.
Different Types of Indian Bank FD Schemes
Fixed Deposit
- Minimum Deposit: Rs.1,000.
- Maximum Deposit: No upper limit.
- Tenure: 7 days to 10 years.
- Interest Payment: Paid quarterly or monthly at a discounted rate.
Recurring Deposit
- Minimum Deposit: Rs.100.
- Maximum Deposit: No upper limit.
- Tenure: 6 months to 10 years.
- Interest Compounding: Quarterly.
Money Multiplier Deposit
- Minimum Deposit: Rs.1,000 and in multiples of Rs.100 thereafter.
- Maximum Deposit: No upper limit.
- Tenure: 6 months to 10 years.
- Interest Compounding: Quarterly.
Variable Recurring Deposit
- Minimum Deposit: Rs.500 or multiples of Rs.100.
- Maximum Deposit: Rs.1 lakh for the initial deposit, with future installments up to Rs.10 lakh per month.
- Tenure: 3 years.
Short Term Deposits
- Minimum Deposit: Rs.1,000.
- Maximum Deposit: No upper limit.
- Tenure: 7 days to 180 days.
- Interest Payment: Paid on maturity.
- Special Benefits:
- Senior citizens: Additional 0.5% for deposits up to Rs.10 crore.
- Bank staff: Additional 1.0% for deposits up to Rs.2 crore.
- Bank ex-staff (senior citizens): Additional 1.5% for deposits up to Rs.10 crore.
Motor Accident Claim Tribunal Deposit (MACAD)
- Options:
- MACAD: Offers Equated Monthly Instalments (EMI).
- PED: Offers monthly interest payouts.
- Minimum Annuity: Rs.1,000 per month.
- Tenure: 3 to 18 years, as directed by the court.
IB Golden Ager
- Eligibility: Super senior citizens aged 80 and above.
- Minimum Deposit: Rs.1,000.
- Maximum Deposit: Rs.10 crore.
- Tenure: 7 days to 10 years.
- Additional Interest:
- 0.75% for deposits up to 5 years.
- 1.0% for deposits from 5 to 10 years.
Ind Non-Callable Deposit
- Minimum Deposit: Rs.3 crore.
- Maximum Deposit: No upper limit.
- Tenure: 7 days to 10 years.
- Interest Payment: Paid quarterly or monthly at a discounted rate, or at maturity with quarterly compounding.
- Premature Withdrawal: Not allowed.
Ind Super 400 Days
- Minimum Deposit: Rs.10,000.
- Maximum Deposit: Less than Rs.3 crore.
- Tenure: 400 days.
Ind Supreme 300 Days
- Minimum Deposit: Rs.5,000.
- Maximum Deposit: Less than Rs.3 crore.
- Tenure: 300 days.
Ind Court
- Purpose: For compliance with court or tribunal orders.
- Minimum Deposit: Rs.100.
- Maximum Deposit: No upper limit.
- Tenure: 7 to 10 days.
- Special Condition: Multiple term deposits can be opened as directed by the court or tribunal.
These fixed and recurring deposit schemes provide a wide range of options for different investment needs, from short-term deposits to long-term fixed and money multiplier deposits. Special schemes like the Motor Accident Claim Tribunal Deposit and IB Golden Ager cater to specific requirements. Interest rates and features vary, with added benefits for senior citizens and bank staff.
Indian Bank FD Special Features and Benefits
- The minimum tenure is 7 days, and the maximum is 10 years.
- The minimum deposit amount is Rs.1,000.
- Senior citizens can get an additional 0.5% interest above the regular rates.
- Quarterly and monthly interest payout options are available.
- Loan and nomination facilities are available.
- Auto-renewal facilities are available.
Basic Eligibility Criteria for Indian Bank FD
- Resident individuals – Single account
- Two or more individuals – Joint account
- Minors
- Hindu Undivided Families (HUFs)
- Non-resident Indians (NRE account holders)
- A firm, a company or an association in its name
Tax Benefits on Indian Bank Fixed Deposit
IB Tax Saver Scheme
Depositing a minimum amount of Rs.1,000 up to Rs.1.5 lakh can provide income tax deductions under Section 80C of the Income Tax Act, 1961. You can choose for interest payout on a monthly or quarterly basis.
You can also opt for the accrued interest to be paid out on maturity. The minimum tenure to get the income tax benefits is five years. The maximum tenure is 10 years. Individuals and HUFs having a PAN card can open this account.
Capital Gains
This scheme allows taxpayers to claim tax exemption from capital gains if the amount of capital gains or the net consideration is deposited in this account on or before the due date of filing income tax returns as specified under Section 54 (B, D, F and G) of the Income Tax Act, 1961.
The account is offered both in the form of a savings account and as a term deposit. The minimum deposit is Rs.1,000, and the minimum tenure is seven days and can go up to three years.