Indian Bank FD Interest Rate Calculator

Indian Bank FD online calculator will help you calculate the interest that your money will earn when kept in a fixed deposit in Indian Bank. This will give the details of investment that's the principal amount on maturity after the interest is compounded on days or a monthly, quarterly, half-yearly and yearly basis. To learn about how your fixed deposit earns interest and how much will be your earning at the end of the tenure chosen, Goodreturns online calculators will help you.

Indian Bank Fixed Deposit Interest Rates

Indian Bank fixed deposit is a great way to save money for a period of time, if you are looking at getting your invested money safely along with good returns on your investment, then fixed deposit is the way to go. Checking the Indian Bank fixed deposit interest rate and making the decisions is now very easy.

Less than Rs. 3 cr

Tenure	Deposit Amount	Interest Rate
Tenure	Deposit Amount	General	Senior Citizen
7 - 14 days	Below 3 Cr	2.80	3.30
15 - 29 days	Below 3 Cr	2.80	3.30
30 - 45 days	Below 3 Cr	3.00	3.50
46 - 90 days	Below 3 Cr	3.25	3.75
91 - 120 days	Below 3 Cr	3.50	4.00
121 - 180 days	Below 3 Cr	3.85	4.35
181 days to < 9 M	Below 3 Cr	4.50	5.00
9 M to < 1 Yr	Below 3 Cr	4.75	5.25
1 Yr	Below 3 Cr	6.10	6.60
1 Yr to < 2 Yrs	Below 3 Cr	7.10	7.60
2 Yrs to < 3 Yrs	Below 3 Cr	6.70	7.20
3 Yrs to < 5 Yrs	Below 3 Cr	6.25	6.75
5 Yr	Below 3 Cr	6.25	6.75
5 Yrs	Below 3 Cr	6.10	6.60

Indian Bank Fixed Deposits

The Indian Bank offers fixed deposit schemes for its customers. The bank offers attractive interest rates on its term deposits. Some of the term deposits offered by the Indian Bank includes Facility Deposit, Deposit Scheme for Senior Citizens, IB Tax Saver Scheme, Fixed Deposit and so on. The bank offers auto-renewal facility, nomination, premature withdrawal facility, loan and overdraft on fixed deposits.

Important Points to remember for Indian Bank’s Term Depositors

• The minimum amount for term deposit is Rs 100.
• There is no maximum limit for depositing money under term deposits.
• The minimum period of a term deposit is 7 days.
• The maximum tenure of a fixed deposit in Indian Bank is 10 years.
• Nomination facility is available at all the branches.
• Interest rates on fixed deposits are subject to vary and the investor has to ascertain the correct rate of interest on the initial date of deposit.
• The interest amount earned on the term deposit is subject to TDS as per the Income Tax Act 1961.
• If the deposit earns Rs 10,000 or more as interest amount for a year then the bank will deduct 10 percent of the interest amount as TDS.
• PAN details of the investor have to be submitted at the time of opening the fixed deposit.
• Interest rate is calculated on a quarterly basis for term deposits.
• Loan facility is available on the fixed deposits.
• Premature withdrawal facility is available on the term deposits held in Indian Bank.
• Interest rates on term deposits vary in the range of 4.50% per annum – 6.75% per annum.
• For Senior Citizens, an additional rate of interest to the tune of 0.50% per annum for up to Rs 2 crore will be paid under normal fixed deposits.

• If a Senior Citizen has opened an FD under the Capital Gains Scheme Type B, then they will not be getting an additional 0.50% per annum of interest on the said deposit.
• The revised interest rates on domestic fixed deposits are applicable only for fresh deposits as well as renewed deposits.