Indian Bank FD Calculator

Indian Bank Fixed Deposits Explained

Indian Bank offers retail term deposits from 7 days to 10 years, opened through the IndOASIS app, net banking or a branch. The bank roughly doubled on 1 April 2020 when Allahabad Bank was amalgamated into it — a merger that paired a Chennai-headquartered southern network with an established northern and eastern presence, and brought one of India's oldest continuous banking lineages, dating to 1865, under the Indian Bank name.

Indian Bank FD Schemes You Can Open

Indian Bank prefixes much of its retail range with IB, and the variant decides how interest reaches you:

• •IB cumulative deposit — Interest compounds quarterly and is settled with the principal at maturity — what the calculator above computes.
• •IB non-cumulative deposit — Interest is drawn monthly or quarterly rather than reinvested, trading total return for cashflow.
• •Tax-saving deposit (5-year) — Qualifies under Section 80C, locked for the full five years with no premature closure and no pledge.
• •Senior citizen and minor accounts — The rate increment for resident depositors aged 60 and above, and guardian-operated deposits for minors.

Indian Bank FD Tenure Slabs and Deposit Rules

Tenure decides how the interest is worked out, not just how long the money is tied up. Below roughly six months there is no completed quarter, so interest is simple; past that it compounds quarterly.

How to Check Indian Bank FD Interest Rates

Indian Bank FD rates are quoted per tenure slab and revised as policy and funding needs shift, so a one-year and a three-year deposit opened on the same morning can price differently.

Indian Bank publishes its domestic deposit card on indianbank.in and inside IndOASIS, quoted per tenure slab with a separate senior citizen column and any special-tenure deposits listed alongside.

Take the current Indian Bank fixed deposit rates for your exact tenure from the official card, then enter that number above.

What Is Specific to an Indian Bank FD

• •The 2020 amalgamation means former Allahabad Bank customers transact under Indian Bank IFSC codes — verify the code before funding by transfer.
• •Allahabad Bank's 1865 founding gives the merged entity one of the oldest continuous banking lineages in India.
• •The combined network is genuinely national rather than regional, pairing a southern base with northern and eastern branches.
• •IndOASIS handles opening, maturity instructions and premature closure without a branch visit.
• •A loan against the deposit is available after a qualifying period, priced over your contracted rate.

Enter the rate Indian Bank quotes for your chosen tenure above to see the exact maturity value and the year-by-year accrual of interest.

Compare lenders on the master FD calculator, or a monthly commitment on the RD calculator.