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 4.00 to 6.50%. For the period above 3 years, fd interest rate is constant to 6.00%.

For below 9 months, the interest rate is same for amount upto 5 crores. But above 9 months, the interest rate is slightly lower for 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 7 January, 2017.

Latest Indian Bank fixed deposit interest rates 2017:

TIME PERIODINTEREST RATES
For Deposits Below 1 CroreFor Deposits 1-5 Crore
7 Days to 14 Days4.00%4.00%
15 Days to 30 Days4.00%4.00%
31 Days to 45 Days5.00%4.00%
46 Days to 60 Days4.50%4.00%
61 Days to 90 Days4.50%4.00%
91 Days to 180 Days5.25%5.00%
181 Days to 270 Days5.75%5.25%
271 Days to 1 year6.25%5.50%
1 Year6.50%5.75%
1 Year to 2 Years6.25%5.50%
2 Years to 3 Years6.25%5.25%
3 Years to 5 Years6.00%5.25%
5 Years to 10 Years6.00%5.25%

Indian Bank NRE Fixed Deposit Interest Rates 2017:

Period Below 1 Crore 1 to 5 Crore
 1 Year 6.50% 6.00%
 1 Year to 2 Years 6.25% 5.75%
 2 Years to 3 Years 6.25% 5.50%
 Above 3 Years 6.00% 5.50%

Table updated: 7 February, 2017

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Important Notes:

  • Additional interest .50% is payble 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 minimum 1 year. No interest will be paid for closing deposits before 1 year.
  • Saving interest rate is 4% for domestic, NRE and NRO accounts.

For more info official Indian bank page: visit @http://www.indianbank.in/rate_deposit.php

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