Indian Bank FD Rates have increased from October 23, 2026, giving depositors higher returns on two special fixed deposit schemes.
The public sector lender has raised interest rates on its 555-day Ind Grow and 777-day Ind Prosper deposits by 0.15 percentage points each. The revised rates are 6.80% and 6.75% per annum, respectively.
The revision means customers booking eligible deposits under these schemes can earn more interest than before.
The Ind Grow rate has increased from 6.65% to 6.80%, while the Ind Prosper rate has moved up from 6.60% to 6.75%.
The revised rates took effect on October 23, 2026. Customers should check the applicable terms, deposit eligibility and interest payment options before investing.
Indian Bank FD Rates for 555 and 777 Days
Indian Bank has revised the rates on two special-tenure deposit schemes: Ind Grow and Ind Prosper. Both have received an increase of 15 basis points, equivalent to 0.15 percentage points.
Under the 555-day Ind Grow scheme, general customers can now earn 6.80% interest per annum, compared with the earlier 6.65%. The 777-day Ind Prosper scheme offers 6.75% annually, up from 6.60%.
The Ind Grow scheme has a shorter tenure and a slightly higher interest rate than Ind Prosper.
Customers should compare the investment periods and consider when they may need access to their savings before choosing either option.
These rates apply to the specified special deposit products. They should not be confused with the rates available on every regular fixed deposit tenure offered by the bank.
How Much Extra Interest Can Depositors Earn?
The increase of 0.15 percentage points may appear small, but it can add to the interest earned over the deposit period.
The actual return depends on the principal amount, tenure, interest payment method and applicable tax deductions.
For example, a deposit of ₹1 lakh at 6.80% per annum would generate approximately ₹6,800 in simple annualised interest before tax.
This is an illustration based on the annual rate, not a guaranteed maturity amount for the 555-day scheme. The final interest depends on the bank’s calculation method and the deposit’s terms.
Similarly, a ₹1 lakh deposit at 6.75% per annum would generate approximately ₹6,750 in simple annualised interest before tax.
The actual amount payable at maturity may differ depending on the interest calculation and payment arrangement.
Customers should use the bank’s official deposit calculator or confirm the maturity value with a branch before making an investment decision.
They should also account for applicable tax on interest income when estimating their net returns.
Senior Citizens Can Get Additional Interest
Indian Bank offers additional interest benefits to eligible senior citizens on domestic retail term deposits.
According to the bank’s published deposit-rate information, senior citizens generally receive an additional 0.50 percentage points over the applicable rate, subject to the bank’s terms.
The bank also provides a higher additional benefit for eligible super senior citizens aged 80 and above. Customers should confirm the exact rate applicable to their age category and deposit before booking the scheme.
These benefits can make special-tenure deposits worth considering for older customers seeking predictable interest income.
However, the final decision should also take into account the deposit tenure, withdrawal conditions and the need to keep some savings readily accessible.
What Should You Check Before Opening an FD?
Before investing, customers should verify the latest interest rates, minimum and maximum deposit limits, premature withdrawal rules and available interest payment options.
The bank’s terms may also specify what happens if a special deposit scheme is discontinued before the maturity date.
Interest may be paid monthly, quarterly or at maturity, depending on the product and the customer’s selected option.
Tax deducted at source may apply where the relevant conditions are met, and the interest income may be taxable according to the depositor’s applicable income tax rules.
Customers should also remember that fixed deposits lock away money for a specified period, and withdrawing funds early may affect the interest received.
Anyone who may need emergency funds should consider keeping sufficient money accessible rather than committing all their savings to a long-term deposit.
The latest revision gives Indian Bank customers improved rates on its 555-day and 777-day special deposits.
Comparing the two options against personal savings goals and other available deposit rates can help customers decide whether either scheme suits their financial needs.
