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Product Details
Bank Name

Indian Bank

Eligibility

Individual (singly or jointly) / HUF
NRI (NRO /NRE)
Firm (Proprietorship/Partnership), Company, Association, Society, Club in its name.
Religious, Charitable or Educational Institutions.
Municipality or Panchayat, Government or Quasi Government Body

Interest Rate

7.30% to 7.80%

Tenure

400 days

Fixed Deposit Type

Regular

IND SUPER 400 DAYS

IND SUPER 400 DAYS

Tax Benefits

None

Credit Ratings

CRISIL AAA

Interest Payment Frequency

Monthly, Quarterly or at maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.

Cummulative/Non-Cummulative

Both

Features
  • Minimum deposit of 10,000.

  • The maximum deposit amount can be 3 crore.

  • Premature closure of the deposit is allowed.

  • Specific tenure of 400 days.

Minimum Investment Amount

10,000

Fees and Charges
Pros
  • Flexible interest payout options.

  • Competitive interest rates.

  • Nomination Facility

Cons
  • There is no flexibility in tenure.

  • Minimum deposit of 10,000 is required initially.

Pros & Cons
Account Opening and Procedure
How to Open?

You can open the FD online by visting the website https://www.indianbank.in/#!

Application Procedure

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