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Indian BankFixed Deposit

2.90% - 5.25%
Interest rates
3 months - 10 years
Time Period
₹1000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About Indian Bank

Indian Bank is a nationalised financial service and banking company in India headquartered in Chennai, Tamil Nadu. It is under the ownership of the Government of India (Ministry of Finance). It serves over 100 million customers and is considered one of the top-performing public sector banks in India

Indian Bank offers multiple FD options to its customers in which they can secure their savings and earn interest on it. Indian Bank FD rates are comparatively higher than the interest provided on the savings account. A customer is required to deposit at least the minimum required amount at the time of opening the account. The customer is not allowed to deposit an additional amount once the account is opened.

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Started On1907
Head QuartersChennai
CRISIL RatingNA
CEOPadmaja Chunduru
Listed on exchange asIndian Bank
ICRA RatingNA

Latest Indian Bank Interest Rates

TenureRegular customersSenior citizens
7 days - 14 days
2.90%
3.40%
15 days - 29 days
2.90%
3.40%
30 days - 45 days
2.90%
3.40%
46 days - 90 days
3.25%
3.75%
91 days - 180 days
3.95%
4.45%
121 days - 180 days
3.95%
4.45%
181 days - 269 days
4.40%
4.90%
9 months - 364 days
4.40%
4.90%
1 year
5.00%
5.50%
1 year 1 day - 1 year 364 days
5.10%
5.60%
2 years - 2 years 364 days
5.10%
5.60%
3 years - 4 years 364 days
5.25%
5.75%
5 years - 10 years
5.15%
5.65%
5 years
5.25%
5.75%

Features & Benefits of Indian Bank

  • The Indian Bank FD tenure ranges from 7 days to 5 years
  • Additional interest rates for senior citizens
  • Nomination facility is available
  • Loan facility is available
  • The bank also provides an auto-renewal facility
  • The highest rate of interest offered by the bank is 6.25%
  • Interest earned is taxable

Types of Indian Bank Schemes

Regular Fixed Deposit
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Reinvestment Plan
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Money Multiplier Deposit
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Indian Bank Tax Saver Scheme
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Motor Accident Claim Tribunal Deposit (MACAD)
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Term-wise interest rates

Short-term Deposits
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Medium-term Deposits
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Long-term Deposits
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Comparison of FD Rates

NameTenureInterest rate
AXIS Bank
3 months - 10 years
2.50% - 5.75%
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SBI Bank
3 Months - 10 Years
2.90% - 5.40%
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Equitas Bank
3 months - 10 years
3.50% - 6.50%
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Bajaj Finance
1 year - 5 years
5.65% - 6.50%
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HDFC Bank
3 months - 10 years
2.50% - 5.50%
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ICICI Bank
3 months - 10 years
2.50% - 5.50%
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Canara Bank
3 months - 10 years
2.95% - 5.50%
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Bank of Baroda
3 months to 10 years
2.80% - 5.25%
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Punjab National Bank
3 months - 10 years
3.00% - 5.25%
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IDBI Bank
3 months - 20 years
2.70% - 4.80%
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UCO Bank
3 months - 10 years
2.75% - 5.00%
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Yes Bank
3 months - 10 years
3.25% - 6.50%
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Bank of India
3 months - 10 years
2.85% - 5.15%
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Post Office
1 year - 5 years
5.50% - 6.70%
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Union Bank of India
3 months - 10 years
3.00% - 5.60%
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RBL Bank
3 months -20 years
3.25% - 6.00%
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Indian Overseas Bank
3 months - 10 years
3.40% - 5.20%
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IDFC First Bank
3 months - 10 years
2.75% - 4.20%
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LIC
1 Year - 5 Years
5.25% -6.00%
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Saraswat Bank
3 Months - 10 Years
3.10% - 6.35%
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City Union Bank
3 Months - 10 Years
3.00% - 5.25%
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Co-operative Banks
1 Year -5 Years
6.00% - 6.35%
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Bandhan Bank
3 months - 10 years
3.00% - 5.00%
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DBS Bank
3 months - 10 years
2.50% - 5.50%
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Citibank
3 months - 5 years
1.85% - 3.5%
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ICICI Home Finance
1 year - 10 years
5.70% - 6.65%
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Federal Bank
3 months - 10 years
2.5% - 5.6%
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AU Small Finance Bank
3 months - 10 years
3.5% - 6.25%
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Fincare Small Finance Bank
3 months - 7 years
3.00% - 5.50%
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Jana Small Finance Bank
3 months - 10 years
2.5% - 6%
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Ujjivan Small Finance Bank
3 months - 10 years
3.05% - 5.80%
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Utkarsh Small Finance Bank
3 months - 10 years
3.00% - 6.75%
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Karnataka Bank
3 months - 10 years
3.40% - 5.60%
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Karur Vysya Bank
3 months - 10 years
3.25% - 3.50%
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Jammu and Kashmir Bank
3 months - 10 years
2.90% - 4.00%
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South Indian Bank
3 months - 10 years
3.50% - 5.50%
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Punjab and Sind Bank
3 months - 10 years
3.00% - 5.30%
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Standard Chartered Bank
7 days - 5 years
1.75% - 5.35%
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HSBC Bank
7 days - 5 years
2.25% - 4.00%
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Shriram Transport Finance
1 year - 5 years
7.01% - 7.95%
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Tamilnad Mercantile Bank
3 months - 10 years
3.50% - 5.50%
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IndusInd Bank
3 months - 10 years
2.50% - 5.50%
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Bank of Maharashtra
3 months to 10 years
2.75% -4.90%
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Central Bank of India
3 months - 10 years
2.75% - 5.00%
More Details
Kotak Mahindra Bank
3 months - 10 years
2.50% - 5.25%
More Details
DHFL
1 year - 10 years
8.25% - 8.95%
More Details
DCB Bank
3 months - 10 years
4.35% - 5.95%
More Details

FAQs

What is the minimum amount needed to open an FD with Indian Bank?

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What documents are needed to open an FD account in Indian Bank?

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Can a customer deposit an additional amount after opening the FD account?

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Is premature withdrawal allowed in Indian Bank Tax Saver Scheme?

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Is there an increase in the Indian Bank FD rates in 2021?

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Calculate Indian Bank FD Interest
Investment Amount
₹25,000
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Indian Bank
0
@5% p.a
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