Indian Bank is yet another public sector bank which provides good interest rates on fixed deposits. The interest rates in Indian bank vary in between 4.50 to 6.75%. For the period above 3 years, the FD interest rate is constant to 6.50%.

For below 9 months, the interest rate is the same for an amount up to 5 crores. But above 9 months, the interest rate is slightly lower for the amount above 1 crore.

Indian bank fd interest rates

Extra interest rate .50% is applicable for senior citizens. Deposits above 5 crores will be accepted only after approval of the Treasury Branch. Below given rates are effective from 17 February 2019.

Latest Indian Bank fixed deposit interest rates February 2019:

For Deposits Below 1 CroreFor Deposits 1-5 Crore
7 Days to 14 Days4.50%4.50%
15 Days to 30 Days4.50%4.50%
31 Days to 45 Days4.50%4.50%
46 Days to 60 Days5.00%5.00%
61 Days to 90 Days5.00%5.00%
91 Days to 180 Days6.50%6.25%
181 Days to 270 Days6.50%6.25%
271 Days to 1 year6.50%6.25%
1 Year6.75%6.50%
1 Year to 2 Years6.60%6.00%
2 Years to 3 Years6.50%5.50%
3 Years to 5 Years6.75%5.00%
5 Years to 10 Years6.50%5.00%

Indian Bank NRE Fixed Deposit Interest Rates February 2019:

Period Below 1 Crore 1 to 5 Crore
 1 Year6.75%6.50%
 1 Year to 2 Years6.60%6.00%
 2 Years to 3 Years6.50%5.50%
 3 to 5 Years6.75%5.00%

Last updated: 19 February 2019

Important Notes:

  • Additional interest .50% is payable to senior citizens for domestic deposits below 1 crore.
  • Revised rates are applicable to fresh deposits and renewal of maturity deposits.
  • NRE deposits must be opened for a minimum of 1 year. No interest will be paid for closing deposits before 1 year.
  • Saving interest rate is 4% for domestic, NRE and NRO accounts.

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