Indian Bank Recurring Deposit (RD) interest rates are 3.25-7.10% p.a. for the general public depositors and 3.75-7.60% p.a. for senior citizen depositors. The tenures for Indian Bank RD varies from 6 months to 10 years. Besides the standard recurring deposit account, Indian Bank also offers Variable Recurring Fixed Deposit scheme for those who need flexibility in their monthly instalment amount.
Indian Bank RD Rates
Indian Bank has not separately set interest rates for its Recurring Deposit schemes. Indian Bank FD rates for Public and Senior Citizens are applicable to Indian Bank Recurring Deposits as well. Following are the interest rates for Indian Bank Fixed Deposits:
Indian Bank FD Rates on Deposits of less than Rs 3 Crore w.e.f. 12 June 2024
| Period | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 3 months | 3.25 | 3.75 |
| 6 months | 4.50 | 5.00 |
| 9 months | 4.75 | 5.25 |
| 1 year | 6.10 | 6.60 |
| 1 year 3 months | 7.10 | 7.60 |
| 1 year 6 months | 7.10 | 7.60 |
| 1 year 9 months | 7.10 | 7.60 |
| 2 years | 6.70 | 7.20 |
| 2 years 3 months | 6.70 | 7.20 |
| 2 years 6 months | 6.70 | 7.20 |
| 2 years 9 months | 6.70 | 7.20 |
| 3 years | 6.25 | 6.75 |
| 3 years 3 months | 6.25 | 6.75 |
| 3 years 6 months | 6.25 | 6.75 |
| 3 years 9 months | 6.25 | 6.75 |
| 4 years | 6.25 | 6.75 |
| 4 years 3 months | 6.25 | 6.75 |
| 4 years 6 months | 6.25 | 6.75 |
| 4 years 9 months | 6.25 | 6.75 |
| 5 years | 6.25 | 6.75 |
| Above 5 years and up to 10 years | 6.10 | 6.85 |
Interest rates as of 6 November 2024
- An additional rate of 0.50% is offered to senior citizen depositors on deposits of up to 5 years and 0.75% interest rate on deposits above 5 years to 10 years.
- An additional interest rate of 0.75% is offered to super senior citizens (aged 80 years and above) for up to 5 years and 1% additional interest rate on deposits above 5 years to 10 years.
