IndiaBanks.org · independent research

Fixed & recurring deposits

Indian Bank / Money Multiplier / Recurring Deposit

Rupee fixed, money-multiplier and recurring deposits with one- to ten-year terms, freely repatriable maturity, loan subject to margin and nomination.

General rateNRE term-deposit rates in the reviewed schedule: 6.10% for 1 year; 6.20% above 1 to below 2 years; 6.15% for 2 to below 3 years; 6.05% for 3 to below 5 years; 6.00% for 5 years and above. IND Green 500 days 6.40%, IND Grow 555 days 6.65% and IND Prosper 777 days 6.60%.Senior-citizen rateNo additional senior-citizen, staff, ex-staff or ex-staff senior-citizen premium is available on NRE deposits.Tenure / programmeNRE FD/MMD/RD: 1–10 years. IND Millionaire RD NRE: 1–10 years in one-year multiples. IND Flexi RD NRE/NRO: 12–36 months.
Official product page ↗Compare category

Quick eligibility check

Indian Bank / Money Multiplier / Recurring Deposit

0 of 2 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.

1Are you this type of customer: NRI, eligible close-relative joint holder or power-of-attorney operation under the bank's NRE rules?

2Document checkDo you have this required document or proof: NRE term-deposit form, overseas status proof, KYC, funding/remittance evidence and nomination instruction?

0 of 2 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India and eligible channels

Key facts

What the official sources publish

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

Tenure / programmeNRE FD/MMD/RD: 1–10 years. IND Millionaire RD NRE: 1–10 years in one-year multiples. IND Flexi RD NRE/NRO: 12–36 months.View source
The three official pages publish their separate period ranges.
Source
/MMD/; Millionaire ; Flexi
Page / section
Min/max period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
General rateNRE term-deposit rates in the reviewed schedule: 6.10% for 1 year; 6.20% above 1 to below 2 years; 6.15% for 2 to below 3 years; 6.05% for 3 to below 5 years; 6.00% for 5 years and above. IND Green 500 days 6.40%, IND Grow 555 days 6.65% and IND Prosper 777 days 6.60%.View source
The live schedule publishes the tenor bands and special-deposit rates.
Source
and Interest Rates
Page / section
term deposits
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Senior-citizen rateNo additional senior-citizen, staff, ex-staff or ex-staff senior-citizen premium is available on NRE deposits.View source
The official rate sheet excludes all additional customer-category premiums for deposits.
Source
and Interest Rates
Page / section
rate notes
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum / deposit amountNo universal opening amount is published on the reviewed NRE FD/MMD/RD page. IND Millionaire RD targets ₹10 lakh and multiples at maturity; IND Flexi core deposit is ₹1,000–₹1,00,000.View source
The official pages publish the Millionaire maturity target and Flexi core range; the general deposit page does not state a universal minimum.
Source
deposits; Millionaire ; Flexi
Page / section
Amount/core deposit
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Withdrawal / refund termsNRE preclosure follows the published rule: up to ₹5 lakh no penalty (unless below the RBI minimum period, when no interest is payable); above ₹5 lakh, applicable card rate less 1.00% p.a. For NRE term deposits with a loan, preclosure is unavailable. Flexi NRO has the separate ₹5 lakh/181-day rules published on its page.View source
The official / page publishes the two paid-value bands and minimum-period treatment.
Source
/ Flexi ; rate rules
Page / section
Premature closure and penalty
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Payout / redemptionNRE FD/MMD/RD maturity and interest are freely repatriable; Millionaire RD maturity is credited to linked NRE SB/CA; Flexi RD interest uses the lowest balance from the 10th to month-end and TDS is nil for NRE but applies to NRO under current rules.View source
The official pages publish repatriation, linked-account crediting, interest method and treatment.
Source
deposit products
Page / section
Benefits; rollover; payment of interest;
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • One-year minimum and ten-year maximum
  • Maturity and interest freely repatriable
  • Loan against deposit subject to /margin rules
  • Nomination and permitted resident-close-relative joint holding
  • tax and preclosure rules apply

Eligibility

  • , eligible close-relative joint holder or power-of-attorney operation under the bank's rules.

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

Documents the bank lists

  • term-deposit form, overseas status proof, , funding/remittance evidence and nomination instruction

Related official documents

NRE and RFC SB Interest Rates — Indian Bankofficial-rate-sheet · current · accessed 31 Aug 2026
↗
NRE FD / MMD / RD Accounts — Indian Bankofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Recurring-deposit 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₹3,51,526three lakh fifty-one thousand five hundred twenty-six rupees
Money you put in₹3,00,000three lakh rupees
Interest earned₹51,526fifty-one thousand five hundred twenty-six 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.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Savings · Type / currency savings;

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

Source: Indian Bank account and deposit catalogue · / accounts; premium variants; deposits; rate sheet 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 NRI accounts and deposits — published termsView tableHide table

Scroll sideways to view every column

Indian Bank NRI accounts and deposits — published terms
ProductType / currencyBalance or coreRate / tenureRepatriation / withdrawalEligibility
Savings savings; Ordinary minimum not published2.50%–2.65% p.a. by balance; open-endedFunds/interest freely repatriable; tax-free interest; close-relative joint former/survivor
Account current/savings//term; Minimum not published2.50%–2.65% p.a. bands; form-dependentUp to USD 1 million/year after tax; local withdrawals; resident/ joint
IND D'ElitePremium savings; ₹10 lakh or ₹5 lakh + ₹50 lakh or ₹1 lakh + ₹1 crore rate; open-ended repatriation; premium services meeting selected option
IND PremiumPremium savings; ₹2 lakh or ₹1 lakh + ₹10 lakh or ₹50,000 + ₹25 lakh rate; open-ended repatriation; premium services meeting selected option
IND Plus savings; ₹50,000 or ₹25,000 + ₹5 lakh or ₹10,000 + ₹10 lakh rate; open-ended repatriation; premium services meeting selected option
/MMD/ term deposits; Minimum not published1–10 years; 6.00%–6.20% p.a. standard bandsMaturity/interest freely repatriable; loan subject to rules/eligible joint holders
IND Millionaire recurring; ₹10 lakh maturity target and multiples1–10 years; instalment table by termLinked / credit; preclosure allowed/
IND Flexi // recurring; Core ₹1,000–₹1,00,000; up to 10×/₹10 lakh monthly12–36 months; corresponding NR term rate/-specific preclosure and rules// with linked / account
Indian Bank account and deposit catalogue · / accounts; premium variants; deposits; rate sheet · accessed 31 Aug 2026Open official source ↗

More from Indian Bank

Related products

Indian Bank Capital Gains Term Deposit

Capital Gains Account Scheme deposit with Deposit A savings and Deposit B cumulative or non-cumulative term-deposit options, ₹1,000 minimum and seven-day to three-year period.

View product

Indian Bank FCNR (B) Deposit Account

Foreign Currency Non-Resident deposit in or MMD form, held in the deposit currency with tax-free interest, one- to five-year terms, no stated minimum or maximum and loans subject to margin rules.

View product

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.

View product

Indian Bank IND Flexi Recurring Deposit — NRE / NRO

Variable-installment / recurring deposit with ₹1,000–₹1,00,000 core deposit, twelve- to 36-month period, flexible multiples and distinct / foreclosure rules.

View product