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Fixed & recurring deposits

Indian Bank Money Multiplier Deposit

Quarterly-compounding money-multiplier term deposit from ₹1,000 for six months to normally ten years, with renewal, loan, nomination and preclosure subject to penalty.

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 eligible senior citizens up to ₹10 crore aggregate, with no single deposit above ₹2 crore opened in a day within the CIF ceiling.Tenure / programmeMinimum 6 months; maximum normally 10 years.
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Quick eligibility check

Indian Bank Money Multiplier 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: Eligible depositors follow Indian Bank term-deposit and KYC rules?

2Do you meet this requirement: foreclosure penalty applies?

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

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; maximum normally 10 years.View source
The official page publishes six months to normally ten years.
Source
Money Multiplier Deposits
Page / section
Min period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum / deposit amountMinimum ₹1,000 in multiples of ₹100; no maximum amount.View source
The official page publishes the minimum, multiple and no maximum.
Source
Money Multiplier Deposits
Page / section
Min Amt
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Senior-citizen rateAdditional 0.50% p.a. for eligible senior citizens up to ₹10 crore aggregate, with no single deposit above ₹2 crore opened in a day within the CIF ceiling.View source
The official page publishes the senior-citizen premium and limits.
Source
Money Multiplier Deposits
Page / section
Other requirements/details
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Withdrawal / refund termsLoan, nomination and preclosure are available; foreclosure penalty applies.View source
The official page explicitly states a foreclosure penalty.
Source
Money Multiplier Deposits
Page / section
Other requirements/details
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Payout / redemptionQuarterly compounding with automatic renewal for an equal period.View source
The product page publishes quarterly compounding and equal-period renewal.
Source
Money Multiplier Deposits
Page / section
Interest application; other requirements/details
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Minimum ₹1,000 and multiples of ₹100; no maximum
  • Six-month minimum and normally ten-year maximum
  • Quarterly compounding
  • Automatic renewal, loan, nomination and preclosure
  • Senior-citizen premium 0.50% p.a. within the published limit

Eligibility

  • Eligible depositors follow Indian Bank term-deposit and rules; foreclosure penalty applies.

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

Related official documents

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

Plan before applying

Try the numbers

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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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