Indian Bank FD Interest Rates

Indian Bank FD Interest Rates

Revision of Interest Rates on Retail Domestic Term Deposits with effect from 04.03.2023

Period Less than â‚ą2 crore
Existing (% p.a) Revised (% p.a)
7 days to 14 days 2.80 2.80
15 days to 29 days 2.80 2.80
30 days to 45 days 3.00 3.00
46 days to 90 days 3.25 3.25
91 days to 120 days 3.50 3.50
121 days to 180 days 3.85 3.85
181 days to less than 9 months 4.50 4.50
9 months to less than 1 year 4.75 4.75
1 year 6.10 6.10
Above 1 year to less than 2 years 6.30 6.30
2 years to less than 3 years 6.50 6.70
3 years to less than 5 years 6.25 6.25
5 year 6.25 6.25
Above 5 years 6.10 6.10

” IND SUPER 400 DAYS “

Special Retail Term Deposit Product “IND SUPER 400 DAYS” has been launched w.e.f 06.03.2023 offering  higher rate of interest for investment  starting from Rs.10000 to less than 2 Crore for  400 days in the form of FD/MMD with callable options.

Scheme Valid till 30.04.2023

             IND SUPER 400 DAYS    — Rate of Interest(% p.a) 
          Women               Others
Public       7.15 %      7.10 %
Senior Citizen      7.65 %     7.60 %
Super Senior Citizen ( 80 yrs and above)      7.90 %     7.85 %

” IND SHAKTI 555 DAYS “

Special Retail Term Deposit Product “IND SHAKTI 555 DAYS” has been launched w.e.f 19.12.2022 offering  higher rate of interest for investment  starting from Rs.5000 to less than 2 Crore for  555 days in the form of FD/MMD with callable options.

Scheme Valid till 31.03.2023

IND SHAKTI 555 DAYS – RATE OF INTEREST 
Public  7.00%
Senior Citizen 

7.15% 

up to 27.12.2022

7.50 %

w.e.f 28.12.2022

Revision of Interest Rates on Bulk Domestic Term Deposits of Rs.2 Crs to Rs.5 Crs wef.07.02.2023

Period  ₹2 crore to ₹5 crore

Callable
Non-Callable
Existing (% p.a) Revised (% p.a) Existing (% p.a) Revised (% p.a)
7 days to 14 days 2.90 5.00 2.90 5.00
15 days to 29 days 5.00 5.00 5.00 5.00
30 days to 45 days 5.00 6.00 5.00 6.00
46 days to 90 days 5.25 5.25 5.25 5.25
91 days to 120 days 5.25 5.25 5.25 5.25
121 days to 180 days 5.50 5.50 5.50 5.50
181 days to less than 9 months 5.50 5.50 5.50 5.50
9 months to less than 1 year 6.25 6.25 6.25 6.25
1 year 6.70 6.70 6.70 6.70
Above 1 year to less than 2 years 6.65 6.65 6.65 6.65
2 years to less than 3 years 6.10 6.10 6.10 6.10
3 years to less than 5 years 6.00 6.00 6.00 6.00
5 year 6.00 6.00 6.00 6.00
Above 5 years 6.00 6.00 6.00 6.00

#The revised interest rates on domestic term deposits are applicable only to fresh deposits and on renewal of maturing deposits.

#The above interest rates are also applicable to NRE term deposits, Tax Saver Scheme and Capital Gains Scheme Type B (Term Deposits) 1988 Scheme.

Revision of Interest rate on Savings Bank Deposits  wef  01.04.2022

Rate of Interest
Existing Revised
Up to Rs.10 lakh 2.90% 2.75%
More than Rs.10 lakh to less than Rs.200 Cr 2.90% 2.80%
Rs. 200 Cr and above 2.90% 2.90%

Savings Interest is calculated on a daily basis as above and would be credited on a quarterly basis in the month of June, September, December and March every year.

#Indian Bank FD Interest Rates #Indian Bank FDR Interest Rates #Indian Bank Fixed Deposit Rates #FD Interest Rates of Indian Bank #Latest Indian Bank FD Interest Rates

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