How to Open Indian Bank Fixed Deposit Account

Offered by Banks and Financial Institutions, Fixed Deposits are one of the safest investment instruments with guaranteed returns. With the hassle-free account opening process, FDs are the most convenient form of growing your investment portfolio. 
 

Various public sector banks offer the facility of FD account opening, and Indian Bank is one of them. Incorporated in 1907, they offer FD options for NRIs, NRE,  FCNR etc. Let’s discuss the process of starting your FD account in the bank in detail.

Online way

Step 1- Login to your Indian Banking mobile application. 
Step 2- Select 'Term Deposit' and proceed.
Step 3- Fill in the required details such as personal details, identity and address proof, nominee details etc.
Step 4- Enter the amount of the deposit and select the tenure of FD. 
Step 5- Enter the One-Time Password (OTP) to proceed further. 
Step 6- Once it is authorised, the FD account will be opened. 
Step 7- Download the acknowledgement slip for future reference.

Offline way

Step 1- Visit the nearest Indian Bank branch.
Step 2- Take the FD application form. 
Step 3- Fill in the required details and submit the necessary documents. 
Step 4- Submit the form to the branch. 
Step 5- The bank will provide an FD receipt.

Eligibility to open an FD account

To invest in Indian Bank Fixed Deposits, the following are eligible-  
Resident individual 
Hindu undivided family or HUF 
Parents or guardians of minors can invest on behalf of minors. 
Trusts, public and private limited organisations 
Sole proprietorship 
Partnerships 
NRIs are eligible to invest through NRE and NRO accounts only

To invest in Indian Bank Fixed Deposits, the following are eligible-

• Resident individual 
• Hindu undivided family or HUF 
• Parents or guardians of minors can invest on behalf of minors. 
• Trusts, public and private limited organisations 
• Sole proprietorship 
• Partnerships 
• NRIs are eligible to invest through NRE and NRO accounts only

Following is the list of documents that you need to open an FD account with the Indian Bank.

• Identity proof includes- A Pan card, Voter ID, Aadhaar card, Ration card, Driving license, and Passport. 
• Address proof which includes- Telephone bill, Electricity bill, Passport, Bank statement etc. 
  Two passport-size photographs.