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Fixed & recurring deposits

Indian Bank Fixed Deposit

Fixed-term deposit from ₹1,000 with no maximum amount, six months to ten years, quarterly or discounted monthly interest, automatic renewal, loan, nomination and preclosure options.

Interest rateRate follows Indian Bank's current deposit-rate schedule by product, tenor and customer category. The reviewed schedule publishes domestic retail term-deposit card rates from 2.80% to 6.80% p.a. and savings rates from 2.50% to 2.80% p.a.; exact applicable rate must be selected by tenor at booking.Senior-citizen rateAdditional 0.50% p.a. for senior citizens on aggregate eligible deposits up to ₹10 crore, with no single deposit above ₹2 crore opened in a day within the CIF ceiling.Tenure / programmeMinimum 6 months and maximum 10 years.
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Quick eligibility check

Indian Bank Fixed Deposit

0 of 3 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Depositor and senior-citizen eligibility follow Indian Bank term-deposit rules?

2Do you meet this requirement: applicable rate depends on deposit tenor and current rate sheet?

3Document checkDo you have this required document or proof: Deposit opening form, KYC, PAN/Form 60 and nomination instruction where applicable?

0 of 3 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Interest rateRate follows Indian Bank's current deposit-rate schedule by product, tenor and customer category. The reviewed schedule publishes domestic retail term-deposit card rates from 2.80% to 6.80% p.a. and savings rates from 2.50% to 2.80% p.a.; exact applicable rate must be selected by tenor at booking.View source
The live schedule is the controlling source for tenor-specific rates; no single rate is inferred for all deposit products.
Source
Deposit Rates
Page / section
Domestic retail term-deposit table w.e.f. 04.08.2026
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Tenure / programmeMinimum 6 months and maximum 10 years.View source
The official page publishes six months to ten years.
Source
Fixed Deposit
Page / section
Min period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Senior-citizen rateAdditional 0.50% p.a. for senior citizens on aggregate eligible deposits up to ₹10 crore, with no single deposit above ₹2 crore opened in a day within the CIF ceiling.View source
The official page states the 0.50% premium and aggregate/daily limits.
Source
Fixed Deposit
Page / section
Senior citizen rule
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum / deposit amountMinimum ₹1,000; no maximum amount.View source
The product page publishes ₹1,000 minimum and no maximum.
Source
Fixed Deposit
Page / section
Fixed Deposit Details
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Withdrawal / refund termsLoan, nomination and preclosure available; applicable preclosure penalty and reduced interest follow the bank's current term-deposit rules.View source
The page confirms preclosure but does not print a numeric penalty on the product page.
Source
Fixed Deposit
Page / section
Other requirements/details
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Payout / redemptionInterest payable quarterly or monthly with a discount; automatic renewal for an equal period is available.View source
The official page publishes quarterly or discounted monthly interest and renewal.
Source
Fixed Deposit
Page / section
Interest application; salient features
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Minimum deposit ₹1,000; no maximum
  • Tenure 6 months to 10 years
  • Quarterly or monthly interest with discount
  • Automatic renewal, loan against deposit, nomination and preclosure
  • Senior-citizen premium 0.50% p.a. within published ₹10 crore aggregate/₹2 crore daily-deposit limits

Eligibility

  • Depositor and senior-citizen eligibility follow Indian Bank term-deposit rules; applicable rate depends on deposit tenor and current rate sheet.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Deposit opening form, , /Form 60 and nomination instruction where applicable

Related official documents

Deposit Rates — Indian Bankofficial-rate-sheet · current · accessed 31 Aug 2026
↗
Fixed Deposit — Indian Bankofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

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Deposit maturity estimate

See how much the deposit may be worth at the end. You can change the bank's published rate to test another case.

Money at maturity₹1,14,971one lakh fourteen thousand nine hundred seventy-one rupees
Money you put in₹1,00,000one lakh rupees
Interest earned₹14,971fourteen thousand nine hundred seventy-one rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Savings Bank Account · Minimum / limitNil minimum balance; no maximum

This value is copied from Indian Bank accounts and deposits — published terms. Check the table notes before relying on it.

Source: Indian Bank term-deposit catalogue and rate schedule · Savings, fixed, short-term, , VRD, MMD, tax-saver, Capital Gains and deposit-rate pages Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 6 columnsIndian Bank accounts and deposits — published termsCore account and deposit amounts, tenures, rate rules, withdrawal and access terms from the official pages and current rate schedule.View tableHide table

Scroll sideways to view every column

Indian Bank accounts and deposits — published terms
ProductMinimum / limitTenureInterest / payoutWithdrawal / facilitiesEligibility highlights
Savings Bank AccountNil minimum balance; no maximumOpen-ended2.50%–2.80% p.a. by balance; daily calculation, quarterly credit₹0 non-maintenance charge; 20 free cheque leaves; free RuPay card; 50 free withdrawals/half-year; digital channelsIndividuals, joint holders and listed institutions
Fixed Deposit₹1,000; no maximum6 months–10 yearsQuarterly or discounted monthlyLoan, nomination, automatic renewal and preclosureEligible depositors; senior +0.50% p.a. within published limits
Short Term Deposit₹1,000 + ₹100 multiples; no maximum7–180 daysPaid with principal at maturityRenewal, nomination, preclosure, loan; penalty appliesIndividuals, minors, joint holders, firms, companies, associations
Recurring Deposit₹100 monthly and multiples6 months–normally 10 years; 3-month multiplesQuarterly compounding; maturity/foreclosureLoan, nomination, foreclosure; Eligible resident depositors
Variable Recurring DepositInitial ₹500–₹1 lakh; later up to ₹10 lakh/month3 yearsQuarterly compounding; minimum-balance interest methodLoan, nomination, foreclosure; no penal interest for delayed instalmentsDepositors wanting variable instalments
Money Multiplier Deposit₹1,000 + ₹100 multiples; no maximum6 months–normally 10 yearsQuarterly compoundingEqual-period renewal, loan, nomination, preclosure penaltyEligible term-deposit customers
IB Tax Saver Scheme₹1,000–₹1,50,0005 yearsQuarterly, discounted monthly or maturityNo loan or foreclosure; nominationSection 80C tax-saving deposit
Capital Gains Term Deposit₹1,000 minimum7 days–3 yearsDeposit A savings; Deposit B cumulative/non-cumulative termWithdrawals under scheme rules; ; nominationCapital-gains taxpayers under sections 54(B/D/F/G)
Indian Bank term-deposit catalogue and rate schedule · Savings, fixed, short-term, , VRD, MMD, tax-saver, Capital Gains and deposit-rate pages · accessed 31 Aug 2026Open official source ↗

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