Indian Bank is yet another public sector bank which provides good interest rates on fixed deposits. The interest rates in Indian bank vary in between 4.50 to 6.75%. For the period above 3 years, the FD interest rate is constant to 6.50%.
For below 9 months, the interest rate is the same for an amount up to 5 crores. But above 9 months, the interest rate is slightly lower for the amount above 1 crore.
Extra interest rate .50% is applicable for senior citizens. Deposits above 5 crores will be accepted only after approval of the Treasury Branch. Below given rates are effective from 17 February 2019.
Latest Indian Bank fixed deposit interest rates February 2019:
| TIME PERIOD | INTEREST RATES | |
|---|---|---|
| For Deposits Below 1 Crore | For Deposits 1-5 Crore | |
| 7 Days to 14 Days | 4.50% | 4.50% |
| 15 Days to 30 Days | 4.50% | 4.50% |
| 31 Days to 45 Days | 4.50% | 4.50% |
| 46 Days to 60 Days | 5.00% | 5.00% |
| 61 Days to 90 Days | 5.00% | 5.00% |
| 91 Days to 180 Days | 6.50% | 6.25% |
| 181 Days to 270 Days | 6.50% | 6.25% |
| 271 Days to 1 year | 6.50% | 6.25% |
| 1 Year | 6.75% | 6.50% |
| 1 Year to 2 Years | 6.60% | 6.00% |
| 2 Years to 3 Years | 6.50% | 5.50% |
| 3 Years to 5 Years | 6.75% | 5.00% |
| 5 Years to 10 Years | 6.50% | 5.00% |
Indian Bank NRE Fixed Deposit Interest Rates February 2019:
| Period | Below 1 Crore | 1 to 5 Crore |
|---|---|---|
| 1 Year | 6.75% | 6.50% |
| 1 Year to 2 Years | 6.60% | 6.00% |
| 2 Years to 3 Years | 6.50% | 5.50% |
| 3 to 5 Years | 6.75% | 5.00% |
Last updated: 19 February 2019
Important Notes:
- Additional interest .50% is payable to senior citizens for domestic deposits below 1 crore.
- Revised rates are applicable to fresh deposits and renewal of maturity deposits.
- NRE deposits must be opened for a minimum of 1 year. No interest will be paid for closing deposits before 1 year.
- Saving interest rate is 4% for domestic, NRE and NRO accounts.
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For more info official Indian bank page: visit @http://www.indianbank.in/rate_deposit.php
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