Indian bank is offering various banking products and services to the customers of India. Fixed deposits are the savings solution for the retail customers. The FD scheme provided by the bank features attractive rates under different tenures that makes is easier for the customer to choose the valid investment options.
At loanbaba.com, we will share updated information about best fixed deposit rates, FD India schemes of the bank and Indian Bank FD rates over all tenures for fixed deposit and term deposit. You will also come to know about popular FD rates, India by the bank for 2017 and FD interest rates that are the highest.
For normal and senior citizens, Indian Bank has provided with an updates list of fixed deposit interest rates as per the specific tenures:
| Period | Regular FD Rates | Senior Citizen FD Rates |
|---|---|---|
| 7 days to 14 days | 4 | 4 |
| 15 days to 29 days | 4 | 4.5 |
| 1 Month to 45 days | 4.5 | 5 |
| 46 days to 3 Months | 4.5 | 5 |
| 3 Months to 4 Months | 5.25 | 5.75 |
| 4 Months to 6 Months | 5.25 | 5.75 |
| 181 to less than 9 months | 5.75 | 6.25 |
| 9 months to less than 1 Year | 6.25 | 6.75 |
| 365 Days | 6.5 | 7 |
| 1 year to < 2 Years | 6.25 | 6.75 |
| 2 years to < 3 Years | 6.25 | 6.75 |
| 3 years and above | 6 | 6.5 |
The short-term tenure of one month can avail the interest rate of 4.5% per annum, and it goes a percentage point higher to 4.5% per annum for the holding period of two and three months. Further, it is increased to 5.25% for the tenure of four months and becomes 5.75% for the holding period of six months. On the other hand, the highest rate of 6.25% per annum can be credited for the tenure of nine months.
The tenures under this category range between 1-3 years and can avail the interest of 6%-6.5% per annum.
Under this scheme, the senior citizens are benefitted with an extra 0.5% from the above-mentioned rates for their tenures. Therefore, the short-term rates for the senior citizens range between 5%-7% per annum whereas, the mid and long-term tenures ranges between one year and can avail 7% and 6.5% is the rate for the tenure of three years.
