Indian Bank FD Interest Rates 2026
Indian Bank offers fixed deposits from 7 days to 5 years at 2.80% – 6.65% for regular customers and up to 7.15% for senior citizens. Public-sector bank; merged with Allahabad Bank in 2020.
Rate card effective 4 Aug 2026 · Checked 30 September 2026Indian Bank fixed deposit at a glance
Indian Bank’s best rate for regular depositors is in the 555 days (Ind Grow) bucket. A plain 1-year FD earns 6.10% and a 5-year FD 6.00%, so longer is not better here — the bank pays less for 5 years than for 1 year.
Indian Bank FD interest rates — full rate card
Domestic term deposits below ₹3 crore, effective 4 Aug 2026. Highlighted rows are the best-paying buckets.
| Tenure | General (p.a.) | Senior citizen (p.a.) | ₹1 lakh earns in 1 yr* |
|---|---|---|---|
| 7 – 14 days | 2.80% | 3.30% | ₹2,800 (simple) |
| 15 – 29 days | 2.80% | 3.30% | ₹2,800 (simple) |
| 30 – 45 days | 3.00% | 3.50% | ₹3,000 (simple) |
| 46 – 90 days | 3.25% | 3.75% | ₹3,250 (simple) |
| 91 – 120 days | 3.50% | 4.00% | ₹3,500 (simple) |
| 121 – 180 days | 3.85% | 4.35% | ₹3,850 (simple) |
| 181 days – <9 months | 4.50% | 5.00% | ₹4,577 |
| 9 months – <1 year | 4.75% | 5.25% | ₹4,835 |
| 300 days (IND Supreme 2.0) | 6.20% | 6.70% | ₹6,346 |
| 1 year | 6.10% | 6.60% | ₹6,241 |
| 1 – 2 years | 6.20% | 6.70% | ₹6,346 |
| 500 days (Ind Green) | 6.40% | 6.90% | ₹6,555 |
| 555 days (Ind Grow) | 6.65% | 7.15% | ₹6,818 |
| 2 – 3 years | 6.15% | 6.65% | ₹6,293 |
| 777 days (Ind Prosper) | 6.60% | 7.10% | ₹6,765 |
| 3 – 5 years | 6.05% | 6.55% | ₹6,189 |
| 5 years | 6.00% | 6.50% | ₹6,136 |
* Interest for a full year at that rate with quarterly compounding (simple interest shown for buckets below 6 months). Source: www.policybazaar.com, compiled 27 September 2026. Always confirm on the bank’s website — rates can change without notice.
Special FD schemes
| Scheme | Tenure | General | Senior |
|---|---|---|---|
| IND Supreme 2.0 | 300 days | 6.20% | 6.70% |
| Ind Green | 500 days | 6.40% | 6.90% |
| Ind Grow | 555 days | 6.65% | 7.15% |
| Ind Prosper | 777 days | 6.60% | 7.10% |
How much will your money grow?
| Tenure | Rate (general / senior) | ₹1 lakh becomes | ₹5 lakh becomes | ₹5 lakh (senior) |
|---|---|---|---|---|
| 1 year | 6.10% / 6.60% | ₹1,06,241 | ₹5,31,205 | ₹5,33,826 |
| 2 years | 6.20% / 6.70% | ₹1,13,094 | ₹5,65,470 | ₹5,71,062 |
| 3 years | 6.15% / 6.65% | ₹1,20,093 | ₹6,00,465 | ₹6,09,396 |
| 5 years | 6.00% / 6.50% | ₹1,34,686 | ₹6,73,428 | ₹6,90,210 |
Cumulative FD, quarterly compounding, before tax. “—” means the published card has no slab for that exact tenure.
Indian Bank FD calculator
Pre-filled with Indian Bank’s best rate and tenure. Change the amount, rate or tenure, or pick another bank to compare.
Indian Bank FD rates for senior citizens
Resident Indians aged 60 or more get 0.5% extra at the best tenure (555 days (Ind Grow)). Senior citizens also enjoy a ₹1 lakh TDS threshold and a deduction of up to ₹50,000 on deposit interest under Sec 80TTB (old regime).
| Tenure | Senior rate | Monthly income on ₹10 lakh | Quarterly income on ₹10 lakh |
|---|---|---|---|
| 1 year | 6.60% | ₹5,470 | ₹16,500 |
| 2 years | 6.70% | ₹5,552 | ₹16,750 |
| 3 years | 6.65% | ₹5,511 | ₹16,625 |
| 5 years | 6.50% | ₹5,387 | ₹16,250 |
Ind Grow callable 6.80% / Ind Prosper callable 6.75% (general) per Policybazaar; super seniors +0.75%
Compare with SCSS (8.2%) and senior FD rates at other banks →
Rules, charges & services
| Feature | Indian Bank FD |
|---|---|
| Minimum deposit | ₹1,000 |
| Premature withdrawal | Allowed with penalty (% not stated); not for tax-saver |
| Payout options | Cumulative (quarterly compounding, paid at maturity) or monthly / quarterly interest payout |
| Loan / overdraft against FD | Usually up to 90% of the deposit at FD rate + 1% to 2% (not on tax-saver FD) |
| Nomination | Up to 4 nominees — simultaneous or successive (from 1 Nov 2025) |
| On maturity | Auto-renew for the same tenure at the prevailing rate, or credit to savings; unclaimed matured deposits earn the lower of savings rate and contracted rate |
| Deposit insurance | DICGC up to ₹5 lakh per depositor across all Indian Bank branches |
Tax on Indian Bank FD interest
| Point | Rule |
|---|---|
| Taxability | Added to income, taxed at slab rate (“income from other sources”) |
| TDS | 10% once interest from Indian Bank exceeds ₹50,000 in a year (₹1 lakh for 60+); 20% without PAN |
| Avoid TDS | Submit Form 121 (earlier 15G/15H) if your tax liability is nil |
| Tax-saver FD | 5-year lock-in; up to ₹1.5 lakh deductible (80C / Sec 123, old regime) |
| Cumulative FD | Interest accrues and is taxable every year, not only at maturity |
How to open a Indian Bank FD
- Online (existing customers)Log in to Indian Bank net banking or the mobile app → Deposits → Open Fixed Deposit. Choose amount, tenure, payout and nominee, then confirm with OTP.
- New customersOpen a savings account with video KYC or at a branch, then book the FD. Some banks allow an FD without a savings account at the branch.
- At a branchFill the term-deposit form, attach KYC and pay by cheque/transfer. You get an FD advice/receipt.
- Maturity instructionChoose auto-renewal or credit to account; update it any time before maturity.
Documents
- PAN (or Form 60) — mandatory to avoid 20% TDS
- Aadhaar or other officially valid document for address
- Recent photograph (branch); senior citizens: age proof for the higher rate
Indian Bank vs other public sector banks
| Bank | Highest | 1 year | 3 years | 5 years | Senior (highest) |
|---|---|---|---|---|---|
| Bank of Baroda | 6.75% | 6.25% | 6.25% | 6.30% | 7.25% |
| Bank of India | 6.70% | 6.50% | 6.70% | 6.00% | 7.45% |
| Indian Bank | 6.65% | 6.10% | 6.15% | 6.00% | 7.15% |
| Punjab National Bank | 6.60% | 6.25% | 6.30% | 6.10% | 7.10% |
| Canara Bank | 6.60% | 6.25% | 6.25% | 6.25% | 7.10% |
| Indian Overseas Bank | 6.60% | 6.50% | 6.10% | 6.10% | 7.10% |
| Union Bank of India | 6.55% | 6.20% | 6.10% | 6.00% | 7.05% |
| Bank of Maharashtra | 6.55% | 6.20% | 5.25% | 5.00% | 7.05% |
| State Bank of India | 6.45% | 6.25% | 6.30% | 6.05% | 7.05% |
| Central Bank of India | 6.30% | 6.20% | 6.00% | 6.00% | 6.80% |
Frequently asked questions
What is the highest FD interest rate at Indian Bank?
Indian Bank pays up to 6.65% p.a. to regular depositors (555 days (Ind Grow)) and up to 7.15% to senior citizens (555 days (Ind Grow)), as per its rate card effective 4 Aug 2026.
What is Indian Bank’s 1-year FD rate?
For exactly one year the rate is 6.10% for general customers and 6.60% for senior citizens. ₹1 lakh grows to about ₹1,06,241.
How much will ₹1 lakh earn in a 5-year Indian Bank FD?
At 6.00% compounded quarterly, ₹1 lakh becomes about ₹1,34,686 in 5 years (senior: ₹1,38,042 at 6.50%), before tax.
What is the minimum amount for an FD at Indian Bank?
The minimum deposit is ₹1,000. Deposits of ₹3 crore and above are treated as bulk deposits with different rates.
What is the penalty for breaking an FD early?
Indian Bank’s premature withdrawal penalty: Allowed with penalty (% not stated); not for tax-saver. Interest is paid at the rate applicable for the period the deposit actually ran, minus the penalty. Tax-saver FDs cannot be closed before 5 years.
Does Indian Bank offer a tax-saver FD?
Yes — the 5-year tax-saver FD pays 6.00% (senior 6.50%). Up to ₹1.5 lakh a year is deductible under Section 80C / Section 123 in the old tax regime.
Is my FD in Indian Bank safe?
Indian Bank is a public sector bank regulated by the RBI. Deposits are insured by DICGC up to ₹5 lakh per depositor (principal + interest, all branches combined).
Is TDS deducted on Indian Bank FD interest?
Yes, 10% TDS applies when your total interest from Indian Bank crosses ₹50,000 in a financial year (₹1 lakh for senior citizens). Submit Form 121 (earlier 15G/15H) if your tax liability is nil.
Rates are compiled from Indian Bank’s published rate card and reputable aggregators for information and comparison only. FinancePortal is not affiliated with the bank. Confirm the current rate with the bank before investing.