Indian Bank Fixed Deposit (FD) Interest Rates 2025
Indian Bank offers a Fixed Deposit (FD) scheme that ensures safety, flexibility, and attractive returns for all investors. The interest rates range from 3.50% to 7.90% p.a., with a minimum deposit of ₹1,000 and a tenure ranging from 7 days to 10 years. Keep reading this blog to know more about Indian Bank Fixed Deposit and its interest rates for 2025.
Highlights for 2025 Fixed Deposit Scheme of Indian Bank
Tenure | 7 days to 10 years |
Public Interest Rates | 2.80% – 7.30% p.a. |
Senior Citizen Interest Rates | 3.30% – 7.80% p.a. |
Highest Interest Rate (Public) | 7.30% p.a. (400 days) |
Highest Interest Rate (Senior Citizens) | 7.80% p.a. (400 days) |
Premature Withdrawal | Upto 1% penalty |
Minimum Deposit Amount | ₹1,000 |
Fixed Deposit Interest Rates 2025 of Indian Bank
The interest rates provided in the table below are effective from 12th May, 2024.
Deposit Tenure | General Public (% p.a.) | 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 (Excl. 300 Days) | 4.75% | 5.25% |
300 days (Ind Supreme Product) | 7.05% (Valid till 30.06.2025) | 7.55% (Valid till 30.06.2025) |
1 year | 6.10% | 6.60% |
400 days (Ind Super Product) | 7.30% (Valid till 30.06.2025) | 7.80% (Valid till 30.06.2025) |
555 days (Ind Green Product) | 6.80% (w.e.f 26.03.2025) | 7.30% (w.e.f 26.03.2025) |
Above 1 year to less than 2 years (Excl. 400 & 555 days) | 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:The scheme allows you to deposit a lump sum for a fixed period and earn interest on the deposit with an easy liquidity option. The interest will be paid out on quarterly intervals or in monthly intervals at a discounted rate. The minimum deposit is Rs.1,000 with no upper limit. The minimum tenure is seven days, and the maximum is 10 years.
- Money Multiplier Deposit:The scheme requires you to make a minimum deposit of Rs.1,000 and multiples of Rs.100 thereafter. There is no upper limit on the deposit amount. The deposit must be held with the bank for a tenure of 6 months up to 10 years. The interest gets compounded quarterly.
- Short Term Deposit:The scheme allows depositors to place their money for a short period and earn a fixed interest income. The interest will be paid on maturity along with the principal deposit. The tenure can range from 7 days up to 180 days. The minimum deposit is Rs.1,000 but no maximum limit. Senior citizens get an additional interest rate of 0.5% for deposits of up to Rs.10 crore, bank staff get 1.00% for deposits up to Rs.2 crore, and bank ex-staff who are senior citizens get 1.50% on deposits of up to Rs.10 crore.
- Motor Accident Claim Tribunal Deposit (MACAD):The scheme offers two products as suggested by the court; namely, Motor Accident Claims Annuity Deposit (MACAD) and Principal Equally Distributed (PED). The former comes with the facility of Equated Monthly Instalments (EMI), and the latter offers monthly interest payouts. Further, MACT SB is created for crediting the monthly annuity from MACAD. The deposit amount depends on the relevant tenure and a minimum monthly annuity of Rs.1,000. The tenure can range from 3 years up to 18 years as directed by the tribunal or court.
Term-Wise Indian Bank FD Rates
Deposit Tenure | General Citizens | Senior Citizens |
Short-Term Deposits | ||
7 days to 1 year | 2.80% – 7.05% | 3.50% - 6.25% p.a. |
Medium-Term Deposits | ||
1 year to 5 years | 6.10% – 7.30% | 6.60% – 7.80% |
Long-Term Deposits | ||
5 years to 10 years | 6.10% – 6.25% | 6.60% – 6.75% |
Indian Bank FD Special Features and Benefits
- The minimum tenure is seven 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 minimum tenure is seven days and can go up to three years.
Indian Bank vs Other Banks' FD Rates
Bank Name | Regular Customers (% p.a.) | Senior Citizens (% p.a.) |
HDFC Bank | 3.00% – 7.35% | 3.50% – 7.85% |
Punjab National Bank | 4.55% – 7.30% | 5.05% – 7.80% |
Axis Bank | 3.00% – 7.25% | 3.50% – 7.75% |
City Union Bank | 5.00% – 7.50% | 5.00% – 8.00% |
Canara Bank | 4.00% – 7.25% | 4.00% – 7.75% |
Bank of Baroda | 4.25% – 7.25% | 4.75% – 7.75% |
ICICI Bank | 3.00% – 7.25% | 3.50% – 7.80% |
HSBC Bank | 2.85-7.50% p.a. | 3.35- 8.00% p.a. |
Citibank | 2.10% – 7.77% | 2.60% – 8.27% |
State Bank of India | 3.50% – 7.10% | 4.00% – 7.60% |
Indian Overseas Bank | 4.00% – 7.30% | 4.50% – 7.80% |
IDBI Bank | 3.00% – 7.00% | 3.50% – 7.50% |
Indian Bank | 2.80% – 7.25% | 3.30% – 7.75% |
IDFC First Bank | 3.00% – 7.75% | 3.50% – 8.25% |
Post Office FD | 6.90% – 7.50% | 6.90% – 7.50% |
Kotak Bank | 2.75% – 7.40% | 3.25% – 7.90% |
FD Interest Rate Calculator
Our FD calculator page gives you a way to predict the returns you may receive upon putting your money in a fixed deposit account.
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