Indian Bank FD Interest Rates: Indian Bank offers interest rates ranging between 2.80% to 6.70% for tenures ranging from 7 days to 10 years.
IND SUPER 400 DAYS: As per the bank’s website, “Special Retail Fixed Deposit product “IND SUPER 400 DAYS” has been launched w.e.f. 06.03.2023 for 400 days for investments ranging from Rs.10000 to less than Rs.2 Crore as high as Rs. interest rate offered. Form of FD/MMD with callable options. The scheme has been extended till August 30, 2023.
Indian Bank will now offer interest rates of 7.25% to general public, 7.75% to senior citizens and 8.00% to very senior citizens.
Preclosure penalty
- For early withdrawal, 1% penal interest will be charged over the appropriate rate for the period the deposit was with the Bank.
- There is no discretion for penalty reduction/waiver for premature withdrawal of term deposits under this instrument.
Indian Bank FD interest rates
Indian Bank offers interest rate between 2.80% to 6.70% for tenure ranging from 7 days to 10 years.
| Period | Less than Rs 2 crore | |
| Existing (% p.a) | Revised (% p.a) | |
| 7 days to 14 days | 2.8 | 2.8 |
| 15 days to 29 days | 2.8 | 2.8 |
| 30 days to 45 days | 3 | 3 |
| 46 days to 90 days | 3.25 | 3.25 |
| 91 days to 120 days | 3.5 | 3.5 |
| 121 days to 180 days | 3.85 | 3.85 |
| 181 days to less than 9 months | 4.5 | 4.5 |
| 9 months to less than 1 year | 4.75 | 4.75 |
| 1 year | 6.1 | 6.1 |
| Above 1 year to less than 2 years | 6.3 | 6.3 |
| 2 years to less than 3 years | 6.5 | 6.7 |
| 3 years to less than 5 years | 6.25 | 6.25 |
| 5 year | 6.25 | 6.25 |
| Above 5 years | 6.1 | 6.1 |
