Looking to grow your savings with government-backed security and attractive interest rates? Indian Bank has introduced two new fixed deposit (FD) schemes that could be a great fit for conservative investors seeking stable returns. With interest rates going as high as 7.90%, these schemes aim to attract a wide segment of depositors—from regular customers to senior and super senior citizens.
Here’s everything you need to know about these newly launched FD offerings.
1. IND Secure FD Scheme: Up to 7.90% Returns
Launched on May 8, 2025, the IND Secure Fixed Deposit is valid for investment until September 30, 2025. You can start investing with as little as ₹1,000 and go up to ₹3 crore under this scheme. The interest rates vary based on the age of the investor:
General Public: 7.15%
Senior Citizens: 7.65%
Super Senior Citizens: 7.90%
This scheme is designed for those seeking both safety and solid returns over a medium-term investment horizon.
2. IND Green FD Scheme: A Sustainability-Focused Investment
The IND Green FD Scheme has also been launched with a focus on promoting sustainable and growth-oriented financial planning. The scheme offers a fixed return for a maturity period of 555 days and allows investments between ₹1,000 and under ₹3 crore.
Here’s the interest breakdown:
General Public: 6.80%
Senior Citizens: 7.30%
Super Senior Citizens: 7.55%
This scheme combines stable earnings with a green-conscious initiative, giving depositors a feel-good reason to invest.
Special FD Options for 444 Days and More
In addition to the above schemes, Indian Bank also offers a special FD for 444 days, providing an interest rate of 7.15%, making it a competitive mid-term option.
Other standard FD interest rates include:
1-Year Tenure: 6.10%
1–2 Years: 7.10%
2–3 Years: 6.70%
3–5 Years: 6.25%
5 Years and Above: 6.25%
These rates apply to general depositors and may vary for senior categories.
Withdrawn FD Schemes
With the launch of these new offerings, Indian Bank has discontinued two of its earlier FD schemes:
IND Super 400 Days
IND Supreme 300 Days Retail Term Deposit
These schemes have now been phased out to streamline the bank’s FD product lineup and introduce more competitive options.
Savings Account Interest Rate Revisions
Alongside the FD updates, Indian Bank has also revised interest rates on savings bank deposits:
Up to ₹10 lakh: Reduced from 2.90% to 2.75%
₹10 lakh to ₹2 crore: Now 2.80%
Above ₹2 crore: Remains unchanged at 2.90%
These changes reflect broader banking trends and RBI’s monetary policy adjustments.
Should You Invest?
With interest rates touching 7.90% for super senior citizens, Indian Bank’s new FDs present a compelling option for individuals looking for guaranteed returns without market risk. These schemes are particularly appealing for retirees and those with short-to-medium term savings goals.
However, before investing, always compare rates with other public and private sector banks, and assess liquidity needs, tax implications, and tenure flexibility.
