Indian Bank 2 Years FD rate: 7.05% (general) & 7.55% (senior citizen). Maturity for ₹5 Lakh: ₹5,75,006.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
Indian Bank offers 2 Years Fixed Deposit at 7.05% p.a. for general citizens and 7.55% p.a. for senior citizens. Interest is compounded quarterly. Premature withdrawal policy: 1% penalty on applicable rate.
Tenure: 2 Years · Quarterly compounding
| Deposit Amount | Maturity Amount | Interest Earned | Total Return |
|---|---|---|---|
| ₹25K | ₹28,750 | ₹3,750 | 15.0% |
| ₹50K | ₹57,501 | ₹7,501 | 15.0% |
| ₹1 Lakh | ₹1,15,001 | ₹15,001 | 15.0% |
| ₹2 Lakh | ₹2,30,002 | ₹30,002 | 15.0% |
| ₹5 Lakh | ₹5,75,006 | ₹75,006 | 15.0% |
| ₹10 Lakh | ₹11,50,011 | ₹1,50,011 | 15.0% |
| ₹25 Lakh | ₹28,75,028 | ₹3,75,028 | 15.0% |
| ₹50 Lakh | ₹57,50,057 | ₹7,50,057 | 15.0% |
| ₹1 Crore | ₹1,15,00,114 | ₹15,00,114 | 15.0% |
Indian Bank offers 2 Years Fixed Deposit at 7.05% p.a. for general citizens and 7.55% p.a. for senior citizens in 2026. Rates are subject to change.
A ₹5 Lakh FD in Indian Bank for 2 Years at 7.05% (quarterly compounding) will mature to approximately ₹5,75,006. The interest earned would be ₹75,006.
Yes, Indian Bank offers an additional benefit for senior citizens with a rate of 7.55% p.a. for 2 Years FD, which is 0.50% higher than the general rate.
The minimum deposit amount for Indian Bank Fixed Deposit is ₹1,000. Interest is compounded quarterly.
Yes, premature withdrawal is allowed. Indian Bank's premature withdrawal policy: 1% penalty on applicable rate. It's recommended to keep the FD till maturity for maximum returns.