Fixed Deposit Details
Bank Name
Indian Bank
Eligibility
Account should be opened in the name of an Indian resident.
Interest Rate
3.85 - 7.75% per annum.
Tenure
6 months to 10 years.
Fixed Deposit Type
Regular
Money Multiplier Deposits
Tax Benefits
None
Credit Ratings
CRISIL AAA
Interest Payment Frequency
Not specified by the bank. 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
Cumulative
Features
- Minimum deposit of 1,000.
- There is no limit on the maximum deposit amount.
- Part withdrawal before maturity is permitted.
- Premature closure of the deposit is allowed.
Minimum Investment Amount
1000
Features & Benefits
Pros
- Maximized liquidity and returns.
- Low initial deposit requirements.
Cons
- No tax saving benefits.
Pros & Cons
How to Open?
You can open the FD online by visting the website https://www.indianbank.in/#!
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T10:59:37Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
