If you’re looking for a safe investment that offers guaranteed returns, Indian Bank’s Fixed Deposit (FD) scheme is a great choice.
This government-owned bank provides FDs for periods ranging from 7 days to 10 years, with interest rates between 2.80% and 7.35%.
With just a ₹2 lakh investment, you can earn up to ₹79,500 in interest—completely risk-free.
Indian Bank FD Rates and Returns
Indian Bank offers different interest rates based on the deposit duration and the depositor’s age.
7-day FD: 2.80% interest
444-day special scheme (Ind Secured Product):
6.60% for general citizens
7.10% for senior citizens
For 5-year FDs, the rates are also attractive:
6.00% for general citizens
6.50% for senior citizens
6.75% for super senior citizens
Here’s how your ₹2 lakh investment grows in 5 years:
| Investor Type | Interest Rate | Maturity Amount | Total Interest |
|---|---|---|---|
| General Citizen | 6.00% | ₹2,69,371 | ₹69,371 |
| Senior Citizen | 6.50% | ₹2,76,084 | ₹76,084 |
| Super Senior Citizen | 6.75% | ₹2,79,500 | ₹79,500 |
So, the older the investor, the higher the return—making this plan especially rewarding for senior citizens.
Why Choose Indian Bank FDs?
Safe investment: Backed by a government bank, your money is secure.
Guaranteed returns: Market fluctuations don’t affect your earnings.
Flexible tenures: Choose between 7 days and 10 years.
Extra benefits for seniors: Additional 0.50% interest for senior citizens.
Loan facility available: Borrow against your FD anytime.
Interest earned is taxable, but senior citizens can get up to ₹50,000 tax-free under Section 80TTB.
Moreover, deposits up to ₹5 lakh (including interest) are insured under the DICGC insurance scheme.
Final Takeaway
If you want to grow your savings safely and steadily, Indian Bank’s FD scheme is one of the best options.
It ensures both security and stable returns, with the assurance of a government bank.
By investing ₹2 lakh, you can earn a fixed interest of up to ₹79,500 over 5 years—without worrying about market risks.
