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| Tenure | For General Citizen (p.a) | For Senior Citizen (p.a) |
|---|---|---|
| 7 to 14 days | 2.8 % | 3.3 % |
| 15 to 29 days | 2.8 % | 3.3 % |
| 30 to 45 days | 3 % | 3.5 % |
| 46 to 90 days | 3.25 % | 3.75 % |
| 91 to 120 days | 3.5 % | 4 % |
| 121 to 180 days | 3.85 % | 4.25 % |
| 181 days to less than 9 months | 4.5 % | 5 % |
| 9 months to less than 1 year | 4.75 % | 5.25 % |
| 1 year | 6.1 % | 6.6 % |
| 1 year 1 day to less than 2 years | 6.3 % | 6.8 % |
 2 years to less than 3 years | 6.7 % | 7.2 % |
| 3 years to less than 5 years | 6.25 % | 6.75 % |
| 5 years | 6.25 % | 6.75 % |
| More than 5 years | 6.1 % | 6.6 % |
To invest in Indian Bank Fixed Deposits, the following are eligible-
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 authorized, 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.
Yes, an investor can close his/her FD with Indian Bank anytime as per their wishes. But in the case of IB tax saver FD, premature closure is not allowed.
The minimum period for Indian bank FD is 1 year and the maximum period for Indian bank FD is 3 years.
No, any additional amount cannot be added in between once a FD has been started with a fixed amount.
An investor needs an identity proof along with address proof and two passport sized photographs to open a FD account with Indian bank.
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.
