Product Details
Bank Name
Indian Bank
Eligibility
Account should be opended in the name of an Indian resident.
Interest Rate
2.8% to 6.5%
Tenure
Minimum 6 months
Maximum 10 years
Fixed Deposit Type
Regular
Fixed Deposit
Tax Benefits
No
Credit Ratings
CRISIL AAA/CRISIL AA+/Stable/CRISIL A1+
Interest Payment Frequency
Quarterly or monthly basis with a discount
Cummulative/Non-Cummulative
Cumulative
Features
1. Automatic renewal facility for equal period 2. Loan / nomination /pre closure facilities available.
Minimum Investment Amount
INR 1000
Fees and Charges
Pros
Flexible Tenure Options
Competitive Interest Rates
Loan Facility
Easy Management
Cons
Early Withdrawal Penalty
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.