Indian Bank has revised upwards its term deposit interest rates by up to 0.75%, or 75 basis points with effect from Monday, January 08, 2018. The new rates of interest shall be applicable to all fresh fixed deposits and renewals of maturing term deposits.
Indian Bank – Current Term Deposit Interest Rates
New Delhi (Delhi, India), February 24, 2018
Indian Bank Revises Upwards Its Term Deposit Interest Rates by up to 0.75% (75 Basis Points)
The Indian Bank has increased its term deposit interest rates for Domestic, NRE, and NRO Term Deposits by up to 0.75 percent, or 75 basis points with effect from Monday, January 08, 2018.
The decision to decrease the fixed deposit interest rates was taken by the Asset and Liability Committee (ALCO) of Indian Bank.
The Indian Bank’s new rates of interest shall be applicable to all fresh fixed deposits and on renewals of maturing term deposits.
Indian Bank’s Current Fixed Deposit Interest Rates for Amount Less Than Rs. 1 Crore
Last Revised On: January 08, 2018
1. For Resident Indians: Retail Domestic Term Deposits Interest Rates
7 Days to 45 Days FD Interest Rate: 4.50% Per Annum
46 Days to 90 Days FD Interest Rate: 5.00% Per Annum
91 Days to 120 Days FD Interest Rate: 5.75% Per Annum
121 Days to 180 Days FD Interest Rate: 6.00% Per Annum
181 Days to less than 1 Year FD Interest Rate: 6.25% Per Annum
1 Year FD Interest Rate: 6.50% Per Annum
Above 1 Year to less than 3 Years FD Interest Rate: 6.25% Per Annum
3 Years to less than 10 Years FD Interest Rate: 6.00% Per Annum
2. For Resident Indian Senior Citizens: Retail Domestic Term Deposits Interest Rates
7 Days to 45 Days FD Interest Rate: 5.00% Per Annum
46 Days to 90 Days FD Interest Rate: 5.50% Per Annum
91 Days to 120 Days FD Interest Rate: 6.25% Per Annum
121 Days to 180 Days FD Interest Rate: 6.50% Per Annum
181 Days to less than 1 Year FD Interest Rate: 6.75% Per Annum
1 Year FD Interest Rate: 7.00% Per Annum
Above 1 Year to less than 3 Years FD Interest Rate: 6.75% Per Annum
3 Years to less than 10 Years FD Interest Rate: 6.50% Per Annum
3. For Non-Resident External (NRE): Term Deposits Interest Rates
1 Year FD Interest Rate: 6.50% Per Annum
Above 1 Year to less than 3 Years FD Interest Rate: 6.25% Per Annum
3 Years to less than 10 Years FD Interest Rate: 6.00% Per Annum
4. For Non-Resident Ordinary (NRO): Term Deposits Interest Rates
7 Days to 45 Days FD Interest Rate: 4.50% Per Annum
46 Days to 90 Days FD Interest Rate: 5.00% Per Annum
91 Days to 120 Days FD Interest Rate: 5.75% Per Annum
121 Days to 180 Days FD Interest Rate: 6.00% Per Annum
181 Days to less than 1 Year FD Interest Rate: 6.25% Per Annum
1 Year FD Interest Rate: 6.50% Per Annum
Above 1 Year to less than 3 Years FD Interest Rate: 6.25% Per Annum
3 Years to less than 10 Years FD Interest Rate: 6.00% Per Annum
Definition of a Senior Citizen: A senior citizen is defined as a person above the age of 60 years. The interest rates for the Senior Citizens are applicable only to the Resident Indians on Domestic Fixed Deposits. In case of the Joint Account Holders, where one of the account holder is a Senior Citizen, the Senior Citizen Term Deposit Interest Rate will only be applicable if the Senior Citizen is the ‘First Holder’ on the said term deposit.
Bulk Term Deposits: Please contact to the nearest Indian Bank branch for interest rates on domestic bulk term deposits of Rs. 1 crores and above.
Non-Resident External (NRE) Term Deposits: The minimum tenure for Non-Resident External (NRE) term deposits is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
Indian Bank Bulk Term Deposits: For terms and conditions or any other details about Indian Bank Fixed Deposit Interest Rates, please contact your nearest Indian Bank branch.
Indian Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Indian Bank