Indian Bank FD Interest Rates: ₹2 crore to ₹5 crore
|
Tenure Bracket |
Regular FD rates (p.a.) |
Senior Citizens FD rates (p.a.) |
|---|---|---|
|
7 to 14 days |
5.00% |
5.00% |
|
15 to 29 days |
5.00% |
5.00% |
|
30 to 45 days |
6.00% |
6.00% |
|
46 to 90 days |
5.25% |
5.25% |
|
91 to 120 days |
5.25% |
5.25% |
|
121 to 180 days |
5.50% |
5.50% |
|
181 days to less than 9 months |
5.50% |
5.50% |
|
9 months to less than 1 year |
6.25% |
6.25% |
|
1 year |
6.70% |
6.70% |
|
1 year 1 day to 2 years |
6.65% |
6.65% |
|
2 years to less than 3 years |
6.10% |
6.10% |
|
3 years to less than 5 years |
6.00% |
6.00% |
|
5 years |
6.00% |
6.00% |
|
More than 5 years |
6.00% |
6.00% |
Indian Bank FD Interest Rates 2024
Indian Bank is a nationalized banking and financial services company with its main office located in Chennai, Tamil Nadu. It is owned by the Government of India (Ministry of Finance). Serving more than 100 million customers, it is regarded as one of India’s best-performing public sector banks. Customers of Indian Bank have access to a wide range of FD options that allow them to secure their funds and earn interest. The interest on savings accounts is often lower than the rates offered by Indian banks on fixed deposits. When opening an account, a customer must deposit at least the required minimum amount. Once the account is opened, the consumer cannot make any changes or make more deposits.
For fixed deposits below ₹2 crore, the interest rate varies from 2.80% to 6.70% annually. The maturity period can range from seven days to over five years. The bank gives senior citizens who deposit up to ₹2 crore an extra interest rate of 0.50% p.a. The deposit rates under the “IND Super 400 days” special program vary from 7.25% to 8.00%.
Table of Content
- Indian Bank FD Interest Rates: Less than ₹2 crore
- Indian Bank FD Interest Rates: ₹2 crore to ₹5 crore
- Benefits of Indian Bank Fixed Deposit
- Types of Indian Bank FD Schemes
- How to Invest in Indian Bank FD?
- Eligibility to Open an Indian Bank FD Account
- Documents Required to Open Indian Bank FD
- Tax on Indian Bank Fixed Deposit
- Loan Against Indian Bank FD
- Premature Closure of Indian Bank Fixed Deposit
- FAQs