Indian Bank 2024 Interest Rate For FD- Rates for FDs from Indian Bank range from 2.80 to 7.0% per annum. to the general public and 3.30-7.50 percent per year. to seniors with tenures of seven days to five years or more. Indian Bank Tax Saving FDs have an annual interest rate of 6.10-6.25 percent. for the general public and 6.60-6.75 percent per year. for depositors who are older, with terms ranging from five to ten years.
For non-resident aliens, the bank also offers a variety of fixed deposit products, including NRO, NRE, RFC, and FCNR (B) fixed deposits. The US Dollar (USD), British Pound Sterling (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD), Swiss Franc (CHF), and Singapore Dollar (SGD) are all accepted by Indian Bank for FCNR (B) and RFC fixed deposits.
Indian Bank 2024 Interest Rate For FD
Indian Bank, a leading public sector bank, is highly sought after for its wide range of financial services. One of them is its profitability-guaranteed, hassle-free, and safe fixed deposit options. Before investing, an investor can determine the exact interest-earning potential by using the Indian Bank FD calculator. Because they are available online, these calculators are easily accessible to everyone.
Additionally, an investor’s FD investment options can be quickly determined with instant calculations. FD calculators aid investors in comprehending the profitability of their fixed deposits in the most fundamental sense. However, it can also be used to calculate interest earnings in addition to determining the maturity amount. Investors must, nonetheless, provide specific data in order to initiate such a calculation.
Indian Bank 2024 Interest Rate For FD Details
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About Indian Bank FD
At investors can use the Indian Bank FD Interest Rate Calculator to determine the scheme’s maturity amount. Also, the interest rates on FDs issued by Indian banks vary depending on the term. Investors can therefore select a deposit tenure option that offers better returns and higher Indian Bank FD Rates. By providing the deposit amount, Indian Bank FD Rate for the preferred deposit tenure option, and deposit tenure, investors can determine their potential earnings.
Investors can calculate their potential returns and compare FD rates from various banks after providing these details. The 2024 Interest Rate for the Indian Bank FD is 6.50% with a minimum deposit of $100,000. This interest rate is based on the bank’s 3-year Credit Facility and is subject to change. The interest rate for the FD will vary depending on whether you choose to make regular deposits or only withdraw money.
Click Here-ICICI Bank 2024 Interest Rate For FD
Types of Indian Bank Fixed Deposit Schemes
There are many types of Indian bank fixed deposit schemes. These schemes include government, corporate, and personal FDs. Each type of FD has different features and advantages, making them suitable for different types of deposits. For example, a government FD may have higher interest rates and more stability than a personal FD. On the other hand, a corporate FD may offer higher interest rates and greater liquidity than a personal FD. We recommend researching each type of bank fixed deposit scheme to find the one that best meets your needs and expectations.
Regular Fixed Deposit
- Minimum deposit amount: Rs 1,000
- Tenure: 6 months – 10 years
- Additional 0.50% p.a. is offered to senior citizens for an amount up to Rs.10 crore
- Automatic renewal facility is available
- Nomination/loan/pre-closure facility is offered to depositors
- Interest amount is credited quarterly/monthly basis with a discount
Check Also- IDFC Bank 2024 Interest Rate For FD
Short Term Deposits
- Minimum sum to put down: Tenure: Rs. 1,000 7 days to 180 days of additional interest of 0.50 percent per annum is made available to senior citizens in exchange for sums up to Rs. 10 crore. is provided to employees in exchange for sums up to Rs. 2 crore in additional interest at 1.50 percent per year.
- In the case of term deposits held in the name of a HUF, the Karta of the HUF, even if he is a senior citizen, is not entitled to a higher interest rate because the deposit’s beneficial owner is the HUF, not the Karta in his individual capacity.
- Additional interest rate will be offered on all deposits of tenure 7 days to 10 years, with the exception of NRE deposits and deposits under the Capital Gain Scheme 1988. is offered to ex-staff seniors for amounts up to Rs.
IB Tax Saver Scheme
- Depositors who wish to take advantage of the tax benefit provided by Section 80C of the Income Tax Act are eligible for this scheme.
- The deposit amount: 1,000 rupees minimum; Maximum: 1.5 Lakhs of Rupees 5 to 10 years Loan and foreclosure are prohibited for up to 5 years Additional 0.50 percent per year is available for senior citizens’ FDs up to a maximum of Rs. 10 crore in aggregate.
- Interest is credited quarterly and monthly, with a discount or on maturity. There is a nomination facility.
Check Also- Bank Of Baroda 2024 Interest Rate For FD
Capital Gains
- Minimum amount of deposit: Rs 1,000
- Tenure: 7 days – 3 years
- Nomination facility is available
Money Multiplier Deposits
- The minimum deposit amount is: Tenure: Rs. 1,000 There is a facility for automatic renewal from six months to ten years, as well as a nomination, loan, and pre-closure facility.
- There is a penalty for foreclosure of the deposit.
- a further annual rate of 0.50% is available to seniors for sums totaling up to Rs. 10 crore
Motor Accident Claim Tribunal Deposit (MACAD) Scheme
- There are two different offers in this scheme: Motor Accident Claims Annuity Deposit (MACAD) with the option of EMI and PED (Principal Equally Distributed along with monthly interest)
- Tenure: Rs. 1,000 Nomination and pre-closure facilities are available, but loans against annuity deposits are not allowed. Rollover features are not available.
- 3 years to 18 years (as directed by the court or tribunal).
Read Also-Indusind Bank 2024 Interest Rate For FD
Indian Bank FD Interest Rates
| Period | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 14 days | 2.80 | 2.80 |
| 15 days to 29 days | 2.80 | 3.30 |
| 30 days to 45 days | 3.00 | 3.50 |
| 46 days to 90 days | 3.25 | 3.75 |
| 91 days to 120 days | 3.50 | 4.00 |
| 121 days to 180 days | 3.85 | 4.35 |
| 181 days to less than 9 months | 4.50 | 5.00 |
| 9 months to less than 1 year | 4.75 | 5.25 |
| 1 year | 6.10 | 6.60 |
| Above 1 year to less than 2 years | 6.30 | 6.80 |
| 2 years to less than 3 years | 6.50 | 7.00 |
| 3 years to less than 5 years | 6.25 | 6.75 |
| 5 years | 6.25 | 6.75 |
| Above 5 years | 6.10 | 6.60 |
Read Also- Union Bank 2024 Interest Rate For FD
Special Fixed Deposit Interest Rate
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| IND SHAKTI 555 days | 7.00 | 7.15 (w.e.f. 27 December 2022) |
| 7.50 (w.e.f. 28 December 2022) | ||
Also Read- Bandhan Bank 2024 Interest Rate For FD
Indian Bank Interest Rates on Domestic/NRE 2024
| Period | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 14 days | 5.00 | 5.50 |
| 15 days to 29 days | 5.00 | 5.50 |
| 30 days to 45 days | 6.00 | 6.50 |
| 46 days to 90 days | 5.25 | 5.75 |
| 91 days to 120 days | 5.25 | 5.75 |
| 121 days to 180 days | 5.50 | 6.00 |
| 181 days to less than 9 months | 5.50 | 6.00 |
| 9 months to less than 1 year | 6.25 | 6.75 |
| 1 year | 6.70 | 7.20 |
| Above 1 year to less than 2 years | 6.65 | 7.15 |
| 2 years to less than 3 years | 6.10 | 6.60 |
| 3 years to less than 5 years | 6.00 | 6.50 |
| 5 years | 6.00 | 6.50 |
| Above 5 years | 6.00 | 6.75 |
Also Read- PNB Bank 2024 Interest Rate For FD
Indian Bank Fixed Deposit Calculator
The more you deposit, the more money you’ll earn in interest. However, it’s important to remember that larger deposits require larger initial loans from the bank and so come with higher fees and costs involved. So it’s worth considering how much money you want to invest and how long you’re willing to leave it in the bank before making a decision.
- Indian Bank, a leading public sector bank, is highly sought after for its wide range of financial services. One of them is its profitability-guaranteed, hassle-free, and safe fixed deposit options. Before investing, an investor can determine the exact interest-earning potential by using the Indian Bank FD calculator.
- Because they are available online, these calculators are easily accessible to everyone. Additionally, an investor’s FD investment options can be quickly determined with instant calculations.
- FD calculators aid investors in comprehending the profitability of their fixed deposits in the most fundamental sense. However, it can also be used to calculate interest earnings in addition to determining the maturity amount. Investors must, nonetheless, provide specific data in order to initiate such a calculation.
- The Indian Bank fixed deposit interest rates calculator cannot function without the investment quantum, term, interest rate, and frequency of compounding interest. In addition to using it, one should be aware of the numerous advantages it offers.
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