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.

Indian Bank FD Interest Rates

(Last Updated 8th Oct 2021)

Tenure FD Interest Rates for General Citizens FD Interest Rates for Senior 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 3.05% 3.55%
91 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 5.15% 5.65%
5 years – 10 years 5.15% 5.65%

 Features of Indian Bank Fixed Deposit Interest Rates

  • 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 auto-renewal facility
  • The highest rate of interest offered by the bank is 6.25%
  • Interest earned is taxable

Indian Bank FD Schemes

Reinvestment Plan

This is the term deposit scheme provided by the Indian Bank which reinvests all the earned dividends, capital gains, and interest back to buy units or shares rather than paying back in the form of physical cash.


  • Interest on deposit is compounded quarterly
  • Loan facility is available
  • Auto-renewal facility is available under this scheme
  • Interest on deposit is subject to TDS
  • Resident Indians, public or private company, HUFs, trust, and partnership firms are eligible

Regular Fixed Deposit

As the name suggests, it is the regular fixed deposit scheme provided by Indian Bank in which the customers can park their money to earn higher interest rates along with flexibility and liquidity.

  • Loan facility is available under this scheme
  • Auto-renewal facility is available
  • Resident Indians, public or private company, HUFs, trust, and partnership firms are eligible

Indian Bank FD Term wise Interest Rates

One of the best ways of securing your money and earn a profit is to invest your surplus earnings in Indian Bank FDs. The Indian Bank FDs are further categorized as short-term, medium-term, and long-term deposits according to the tenures.

We've now got fixed deposits too!

  • Access to fixed deposits

    of various banks

  • Invest without opening

    a new bank account

  • Avail high interest rates

    of up to 6.5%

Short-term Deposits: For an Indian Bank FD with tenure ranging from 7 days to 12 months, the interest rate offered is around 5.75% p.a. These deposits are known as short term deposits as they have a tenure less than 1 year.

Medium-term Deposits: Medium-term fixed deposits have their tenures ranging from more than 1 year to less than 5 years. The interest offered by the bank on these deposits is around 6.30%

Long-term Deposits: These deposits have their tenure ranging from 5 years to 10 years and offer an interest rate of 6.25%.

Premature Withdrawal of Indian Bank Fixed Deposits

Indian Bank levies a 1% interest rate from the contracted rate for deposits above 5 lakh. However, the penalty for premature withdrawal is subject to change periodically and may also vary with the deposit schemes.

Indian Bank FD Calculator

One can make use of the Indian Bank FD calculator to calculate the maturity amount on the deposit. The calculator is available online and just requires just the basic details pertaining to the FD account like the amount, tenure, and the rate of interest.

Indian Bank FD Interest Rates 2020 – FAQs

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

One needs to deposit a minimum amount of Rs. 100 to open an FD with Indian Bank.

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

One needs a PAN card, two photographs, identity proof, and address proof.

Can we open an FD account with Indian Bank online?

Yes, one can submit the application on the official website of Indian Bank and a representative will call for further process.

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

No, an additional amount cannot be deposited once the account is opened with a certain deposit amount.