Indian Bank’s FD rates, up to 7.65% p.a.! Explore IND SECURE, IND GREEN, and tax-saving schemes with high returns for seniors and NRIs. Maximize wealth with flexible tenures and no foreclosure charges. Visit Indian Bank’s deposit rates page to start saving smarter today!
Securing your savings with competitive deposit rates is a smart move for wealth creation. Indian Bank, a trusted public sector bank with over a century of legacy, has revised its Indian Bank deposit rates effective June 9, 2025, offering attractive options for retail domestic and NRO term deposits below ₹3 crore. With special schemes like IND SECURE and IND GREEN, and tailored benefits for senior citizens, Indian Bank is a top choice for savers. This 2000-word guide dives into the latest fixed deposit rates, foreclosure charges, and strategies to maximize returns, using data from Indian Bank’s official deposit rates page. Discover how to grow your wealth with Indian Bank’s offerings.
Why Indian Bank for Fixed Deposits?
Established in 1907, Indian Bank is a cornerstone of India’s banking sector, serving millions through 5,863 branches and 3,140 ATMs. Its merger with Allahabad Bank in 2020 has strengthened its position as the seventh-largest bank in India. Indian Bank offers a range of deposit products, including Fixed Deposits (FDs), Recurring Deposits (RDs), Tax Saver Schemes, and NRE/NRO accounts, catering to diverse financial needs. With FD interest rates up to 7.65% p.a., flexible tenures, and no foreclosure charges for specific categories, Indian Bank ensures safety and growth for your savings.
Key Benefits of Indian Bank Deposits
- Competitive Rates: Interest rates from 2.80% to 7.65% p.a. for general and senior citizens.
- Flexible Tenures: Options from 7 days to 10 years for short- and long-term goals.
- Senior Citizen Advantage: Additional 0.50% to 1% p.a. for senior and super senior citizens.
- Tax Benefits: Tax Saver FDs offer deductions under Section 80C.
- Liquidity: Loans against FDs up to 90% of the deposit amount.
Let’s explore the revised Indian Bank FD rates and special schemes for 2025 to help you make informed investment decisions.
Revised Indian Bank FD Rates
Indian Bank has updated its fixed deposit interest rates for retail domestic and NRO term deposits below ₹3 crore, effective June 9, 2025. The rates range from 2.80% to 7.65% p.a., with adjustments in key tenures to align with market trends. Below is the detailed rate structure:
| Tenure | Existing Rate (% p.a.) | Revised Rate (% p.a.) w.e.f 09.06.2025 |
| 7 days to 14 days | 2.80 | 2.80 |
| 15 days to 29 days | 2.80 | 2.80 |
| 30 days to 45 days | 3.00 | 3.00 |
| 46 days to 90 days | 3.25 | 3.25 |
| 91 days to 120 days | 3.50 | 3.50 |
| 121 days to 180 days | 3.85 | 3.85 |
| 181 days to < 9 months | 4.50 | 4.50 |
| 9 months to < 1 year | 4.75 | 4.75 |
| 1 year | 6.10 | 6.10 |
| Above 1 year to < 2 years | 7.10 | 6.60 |
| 444 Days (IND SECURE) | 7.15 | 6.90 |
| 555 Days (IND GREEN) | 6.80 | 6.80 |
| 2 years to < 3 years | 6.70 | 6.40 |
| 3 years to < 5 years | 6.25 | 6.25 |
| 5 years | 6.25 | 6.00 |
| Above 5 years | 6.10 | 6.00 |
Note: Rates apply to fresh deposits and renewals. The bank reserves the right to modify rates at its discretion.
Key Changes in Rates
- Above 1 year to < 2 years: Reduced from 7.10% to 6.60% p.a., reflecting a cautious approach amid economic shifts.
- 444 Days (IND SECURE): Adjusted from 7.15% to 6.90% p.a. for the general public, with senior citizen rates at 7.40% and super senior citizen rates at 7.65%.
- 555 Days (IND GREEN): Unchanged at 6.80% p.a. for the general public, 7.30% for senior citizens, and 7.55% for super senior citizens.
- Long-Term Deposits: 5-year and above tenures lowered from 6.25% and 6.10% to 6.00% p.a.
These revisions align with the Reserve Bank of India’s (RBI) monetary policy and market conditions, ensuring competitive yet sustainable returns.
Special FD Schemes: IND SECURE and IND GREEN
Indian Bank has introduced two special retail term deposit products to attract investors, both valid until September 30, 2025:
- IND SECURE (444 Days):
- Launched: May 8, 2025.
- Investment Range: ₹1,000 to less than ₹3 crore.
- Tenure: 444 days.
- Interest Rates:
- General Public: 6.90% p.a.
- Senior Citizens: 7.40% p.a.
- Super Senior Citizens: 7.65% p.a.
- Features: Available as FD or Money Multiplier Deposit (MMD) with callable options (premature withdrawal allowed). Ideal for medium-term investors seeking high returns.
- IND GREEN (555 Days):
- Launched: March 26, 2025.
- Investment Range: ₹1,000 to less than ₹3 crore.
- Tenure: 555 days.
- Interest Rates:
- General Public: 6.80% p.a.
- Senior Citizens: 7.30% p.a.
- Super Senior Citizens: 7.55% p.a.
- Features: Promotes sustainable development with guaranteed returns. Available as FD/MMD with callable options, offering flexibility and eco-conscious investing.
Note: The Ind Super 400 Days and Ind Supreme 300 Days schemes were discontinued on May 8, 2025, to streamline offerings.
Foreclosure Charges and Premature Withdrawal
Indian Bank’s foreclosure policy for term deposits opened or rolled over on or after February 27, 2020, is designed to balance flexibility and commitment:
| Period Run | Deposits up to ₹5 Lakhs | Deposits above ₹5 Lakhs |
| < 7 days | No interest paid | No interest paid |
| 7 days and above | No penalty if held for ≥181 days; eligible rate is the card rate for the period run. For <181 days, card rate less 1% p.a. | Eligible rate is the card rate for the period run less 1% p.a. |
- Exemptions from Foreclosure Charges:
- Deposits by Corporate/Government Departments, non-profit organizations, or based on bank quotations.
- Deposits in the name of staff, ex-staff, or ex-staff cum senior citizens.
- NRE Deposits: No interest is paid if closed within 12 months. For premature withdrawal after 12 months, the applicable rate for the period run applies, less 1% penalty.
This structure ensures liquidity while encouraging depositors to maintain tenures for optimal returns.
Senior Citizen and Super Senior Citizen Benefits
Indian Bank offers enhanced rates for senior citizens (aged 60 and above) and super senior citizens (aged 80 and above):
- Senior Citizens: Additional 0.50% p.a. on deposits up to ₹10 crore for tenures from 15 days to 5 years, and 0.75% p.a. for tenures above 5 years to 10 years.
- Super Senior Citizens: Additional 0.75% p.a. for tenures up to 5 years and 1% p.a. for tenures above 5 years under the “IB – Golden Ager” scheme.
- Exclusions: These benefits do not apply to NRE/NRO deposits or HUF accounts where the Karta is a senior citizen, as the beneficial owner is the HUF.
For example, under IND SECURE, super senior citizens earn 7.65% p.a., making it one of the highest rates for this category.
Tax Saver FD Scheme
The IB Tax Saver Scheme combines assured returns with tax benefits:
- Interest Rates: 6.00% p.a. (general public), 6.50% p.a. (senior citizens).
- Tenure: 5 to 10 years.
- Investment Range: ₹1,000 to ₹1.5 lakh for tax deductions under Section 80C.
- Eligibility: Individuals and HUFs with a PAN card.
- Note: Premature withdrawal is not allowed, ensuring commitment to the lock-in period.
NRE and NRO Deposit Rates
Non-Resident Indians (NRIs) can invest in NRE and NRO term deposits, with rates matching domestic FDs (6.10% to 6.90% p.a. for 1 year to 10 years). Key points:
- NRE Deposits: No interest if closed within 12 months. Tax-free interest in India.
- NRO Deposits: Subject to TDS at 30% unless Form 15G/15H is submitted.
- FCNR (B) Deposits: Rates vary by currency and tenure (e.g., 4.75% p.a. for USD deposits above $10 million for 1 year).
Loan Against FD
Indian Bank offers loans up to 90% of the FD value:
- Interest Rate: 1% above the FD rate (0.50% for staff/retirees).
- e-OD Facility: Up to ₹10 lakhs for online FDs and ₹5 lakhs for physical FDs via Internet Banking or IndOasis.
This feature ensures liquidity without breaking the deposit, ideal for emergencies.
How to Open an Indian Bank FD
- Online: Use Indian Bank’s NetBanking or IndOasis app. Select “e-TDA Opening,” enter details, and authenticate with OTP.
- Offline: Visit a branch with KYC documents (PAN, Aadhaar, two passport-sized photos) and deposit the amount. An FD receipt is issued upon processing.
- Eligibility: Individuals, joint account holders, NRIs, HUFs, trusts, and organizations. Minors require guardian assistance.
Tax Implications
- TDS: Deducted if interest income exceeds ₹40,000 p.a. (₹50,000 for senior citizens). Form 15G/15H can be submitted to avoid TDS.
- Tax-Free Interest: NRE and FCNR deposits are exempt from tax in India.
- Tax Saver FD: Deductions up to ₹1.5 lakh under Section 80C.
Comparing Indian Bank with Competitors
As of June 2025:
- SBI: Offers 6.60% p.a. for 444 days (“Amrit Vrishti”), slightly below IND SECURE’s 6.90%.
- IndusInd Bank: Up to 7.75% p.a. for general public, but with higher minimum deposits.
- ICICI Bank: Rates range from 3.00% to 6.60% p.a., with similar senior citizen benefits.
Indian Bank’s IND SECURE and IND GREEN schemes offer competitive rates, especially for super senior citizens, making them stand out.
Tips to Maximize Returns
- Opt for Special Schemes: Choose IND SECURE or IND GREEN for higher rates.
- Leverage Senior Citizen Rates: Eligible depositors can boost returns with additional 0.50% to 1% p.a.
- Plan Tenure Wisely: Avoid premature withdrawal to escape penalties, especially for deposits above ₹5 lakhs.
- Use Tax Saver FDs: Combine tax savings with returns for long-term goals.
- Monitor Updates: Check Indian Bank’s website for rate changes, as they may revise periodically.
Final Thought
Indian Bank’s revised deposit rates for 2025, effective June 9, offer a blend of safety, flexibility, and competitive returns. With IND SECURE (6.90% to 7.65% p.a.) and IND GREEN (6.80% to 7.55% p.a.), savers can align investments with financial and environmental goals. Senior citizens benefit from enhanced rates, while tax saver schemes and loan facilities add versatility. Whether you’re a conservative investor or an NRI, Indian Bank’s offerings cater to all. Visit Indian Bank’s deposit rates page or a branch to start your savings journey today.
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With over 15 years of experience in Banking, investment banking, personal finance, or financial planning, Dkush has a knack for breaking down complex financial concepts into actionable, easy-to-understand advice. A MBA finance and a lifelong learner, Dkush is committed to helping readers achieve financial independence through smart budgeting, investing, and wealth-building strategies, Follow Dailyfinancial.in for practical tips and a roadmap to financial success!
