Indian Bank: Indian Bank has launched two new fixed deposit (FD) schemes for its customers. Both the schemes of Indian Bank have been named IND SECURE and IND GREEN. At the same time, IND Super 400 Days and IND Supreme 300 Days schemes have been discontinued from 8 May 2025.
New FD Schemes
IND SECURE
This is a retail term deposit scheme with a maturity period of 444 days. One can invest in it from Rs 1,000 to less than Rs 3 crore.
Interest Rates
- Ordinary citizens: 7.15% p.a.
- Senior Citizen: 7.65% p.a.
- Super Senior Citizen: 7.90% p.a.
IND GREEN
This scheme comes with a maturity period of 555 days. It also has the facility of investing from Rs 1,000 to less than Rs 3 crore.
Interest Rates
- Ordinary citizens: 6.80% p.a.
- Senior Citizen: 7.30% p.a.
- Super Senior Citizen: 7.55% p.a.
Both the schemes will be available till September 30, 2025, the bank informed on its website.
Discontinued schemes
IND Super 400 Days
IND Supreme 300 Days
These have been discontinued from 8 May 2025.
Revised FD interest rates (applicable for investments less than Rs 3 crore)
Indian Bank also changed the general FD interest rates
1 Year: 6.10%
444 days: 7.15% (IND SECURE)
555 days: 6.80% (IND GREEN)
Less than 1 year to 2 years: 7.10%
2–3 years: 6.70%
3–5 years: 6.25%
Above 5 years: 6.10%
Short term FDs like 7-14 days continue to attract a minimum interest rate of 2.80%.
After the recent repo rate cut by RBI, many banks are changing their FD schemes and interest rates. Indian Bank’s new schemes can be especially beneficial for those investors who want to invest at fixed returns.
