Indian Bank Fixed Deposit India

Hi I want to know about the Indian Bank Fixed Deposit India. Will you please help me by giving me some informative knowledge about it?

Fixed Deposit, also called Term Deposit is an investment where the interest rate is guaranteed not to change for the nominated term.

Best rates for Indian Bank Fixed Deposit

Indian Bank, a public-sector banking institution in India, offers a varied suite of banking products and services to its customers.

Fixed deposits form a part of the banks savings solutions offered to its retail clients. These FD schemes feature attractive interest rates for optimum returns.

Indian Bank Short-Term FD Rates

Interest rates on Indian Banks fixed deposits is 6.75% for its 30-day FD scheme,

The interest rate is 7.5% for deposit terms of 60 and 90 days.

This is further enhanced by 0.25% and 0.5% to 7.75% and 8% for a 120-day and 6-month deposit period, respectively.

The highest rate on offer is at 8.75% for tenures of 9 months and above.

Indian Bank Medium and Long-Term FD Rates

All deposit holdings between 1 year and 3 years earn interest @ 8.75%.

Indian Bank Senior Citizen FD Rates

Senior citizens stand to gain an extra 0.5% on interest rates across all schemes.

This puts short-term rates, for this class of customers, in the range of 7.25% to 9.25%. Medium and long-term rates are constant at 9.25% for tenures between 1 year and 3 years.

Interest is compounded on a quarterly basis.
Compare fixed deposit interest rates paid by banks in India

Fixed Deposit is also known as FD. For the get information Interest Rates on the FD i am sharing a file you check it from here;

Attached Files Available for Download

Indian Bank Fixed Deposit interest rate.doc (42.5 KB, 55 views)

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Answered By StudyChaCha Member

Hello sir I want to know about the Fixed Deposit Scheme of Indian Bank so please provide me the information about this.