Indian Bank Interest Rates on FD, Feb 2017

Fixed Deposit Interest Rate of Indian Bank

Last Updated 15th Feb 2017
Tenure General Rates Senior Citizen Rates
7 days to 14 days 4.00% 4.50%
15 days to 29 days 4.00% 4.50%
30 days to 45 days 4.50% 5.00%
46 days to 90 days 4.50% 5.00%
91 days to 120 days 5.25% 5.75%
121 days to 180 days 5.25% 5.75%
181 days to 269 days 5.75% 6.25%
9 months to 364 days 6.25% 6.75%
1 year 6.50% 7.00%
1 year 1 day to 1 year 364 days 6.25% 6.75%
2 years to 2 years 364 days 6.25% 6.75%
3 years to 10 years 6.00% 6.50%
Read Latest News on Indian Bank Here
  • Indian Bank offers FD interest rates upto 6.50% per annum.
  • Interest on deposits with Indian Bank is typically compounded quarterly.
  • Indian Bank accepts deposits starting at Rs. 100 for various tenures.
  • For senior citizens (age more than 60 years), Indian Bank offers higher interest rate over and above rates mentioned below.
Calculate Indian Bank
FD Maturity Amount

Indian Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Indian Bank pays 2% lower ROI than that applicable for actual duration of deposit.

Loan against Indian Bank FD

  • Indian Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Indian Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Indian Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Indian Bank in your city - Find Indian Bank Branches here

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  • Indian Bank FD rates with other banks in India

About Indian Bank

Indian Bank is a public sector nationalized bank headquartered in Chennai, Tamil Nadu, India. It is one of the indigenous banks of India that emerged as a result of the Swadeshi Movement during the British Raj. The bank was established on 15th of August, 1907. At present the bank has over 2,100 branches in India and overseas branches in Singapore, Colombo and Jaffna and 240 Overseas Correspondent banks in 70 countries. The bank has 755 connected ATMs installed in 225 locations nationwide. Indian Bank offers a wide variety of Banking Products and Services to its customers, including various Deposit Schemes, Loan Options, Financial Services, Stock Investment Services and a number of specialized services such as Remittance, Collection, 7 Day Banking Branches, Cash Management and Electronic Funds Transfer. In 2004, Indian Bank got the Best Commercial Bank award. Same year the bank got prize for granting loans to self-help groups (SHGs) in Andhra Pradesh. The total business of the bank as on 31.03.2014 was Rs. 2,86,633 crores and the net profit was Rs. 1,159 crores. The bank established 45 specialized exclusive Microfinance branches called "Microsate" across the country to cater the needs of urban poor through SHG (Self Help Group) and JLG (Joint Liability Group) concepts.
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News - Feb 2017
16th Sep 16 Indian Bank organises loan mela, sets a target of Rs. 60 crore
Indian Bank will organise a mega loan mela at its regional office located near Arivoli Park and at five other places of the district on 17 and 18 Sept, 2016. The purpose of these camps is to disburse loans to the tune of Rs. 60 crore. The bank will give housing loan, MSME loans, vehicle loan for business projects, Pradhan Mantri Mudra Loans and loans for green field enterprise under Stand Up India scheme to SC/ST applicants.
02nd Aug 16 Indian Bank Q1 net profit zooms 43 per cent to Rs 307 crore
Indian Bank reported a 42.77 per cent increase in net profit at Rs 307.36 crore for the first quarter ended June 30 after the rise in net interest income and fall in expenses. Total income for the bank also rose to Rs 4,512.96 crore during the June quarter from Rs 4,494.53 crore in the same period during previous fiscal year. The Net NPA of the bank rose to 4.48 per cent at the end of June 2016. The bank reported higher provisioning at Rs 416 crore in the first quarter of current fiscal FY17.
02nd Aug 16 Indian Bank Q1 profit rose by 43 percent despite high tax cost
As per the results for Q1FY17, Indian Bank reported 42.8 percent increase in its Net Profit to Rs 307.4 crore. The increase on Net Profit was largely attributable to an increase in Other Income, Operating Profit and stable provisions. The growth in Net Profit was achieved despite higher tax cost. The Net Interest Income was reported at Rs 1,236.32 crore, an increase of 10.4 percent on a yoy basis. Similarly, Other Income (Non Interest Income) was reported at Rs 441.7 cror ean increase of 17.6 percent on a yoy basis.. Asset quality showed mild signs of weakening as Gross NPAs as a percentage of Gross Advances increased by 31 basis points to 6.97 percent and Net NPAs a s a % of Net Advances increased by 28 basis points to 4.48 percent when compared on a sequential basis.
13th May 16 Indian Bank Revises Interest Rates On Home, Car Loans
Indian Bank has reduced the interest rates on home and vehicle loans by up to 0.20 per cent with immediate effect. As per the revised rate of interest, home loans for up to Rs 75 lakh, the interest rates has been revised from 9.65 per cent to 9.55 per cent while for loans above Rs 75 lakh it has been reduced to 9.75 per cent from 9.90 per cent. For loans towards purchase of new cars, the interest rates were cut to 9.95 per cent from 10.15 per cent.
09th May 16 Indian Bank revises interest rates on term deposits
Indian Bank has revised interest rates on term deposits with immediate effect. The bank announced an upward revision of interest rate on term deposits for one year by 15 basis points. It also reduced interest rates for a few other tenures by 25-50 basis points with immediate effect.
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