top of page
Product Details
Bank Name

Indian Bank

Eligibility

Individual (singly or jointly)
HUF
NRI
Firm (Proprietorship/Partnership), Company, Association, Society, Club in its name.
Religious, Charitable or Educational Institutions.
Municipality or Panchayat, Government or Quasi Government Body
Any other entity not prohibited by RBI.

Interest Rate

7.05 to 7.55% per annum.

Tenure

300 days

Fixed Deposit Type

Regular

IND SUPREME 300 DAYS

IND SUPREME 300 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 5,000.

  • The maximum deposit amount can be 3 crore.

  • Premature closure of the deposit is allowed.

  • Specific tenure of 300 days.

Minimum Investment Amount

5,000

Fees and Charges
Pros
  • Flexible interest payout options.

  • Competitive interest rates.

  • Nomination Facility

Cons
  • There is no flexibility in tenure.

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

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Product Review
bottom of page