Indian Bank Launches Two Limited Period Special FDs, Offering Seniors Up To 7.65 Per Cent

The Indian Bank launched two new special tenure fixed deposits (FD) last week on May 8, 2025, while discontinuing the other two. It launched IND SECURE (444 days) and ‘IND GREEN (555 days)’, and withdrew the previously offered ‘Ind Super 400 days’ and ‘Ind Supreme 300 days’ FDs.

Currently, its IND Secure FD offers the highest interest compared to all the other callable FDs offered by the Bank. The rate of interest offered by the Bank is 7.15 per cent for the general public.

IND Secure FD:

The IND SECURE FD is for ‘444 days’. For senior citizens (60 and above) and super seniors (80 and above), the interest rates are:

• 7.65 per cent for senior citizens 

• 7.90 per cent for super seniors 

One can invest in it with a minimum of Rs 1,000 and a maximum of less than Rs 3 crore.

IND GREEN FD:

The Bank launched this FD in its effort to support and promote sustainable development. The tenure of this FD is 555 days and the minimum and maximum deposit amount is Rs 1,000 and less and Rs 3 crore, respectively. The rate of interest for the general public is 6.80 per cent, while for seniors, it is:

• 7.30 per cent for seniors

• 7.55 per cent for Super seniors

These special tenure FDs are valid for a limit period that is up to September 30, 2025, as per the current notification by the Bank.

However, the date can be extended by the Bank at its discretion according to its website, “Bank holds the right to extend/ withdraw the facility in full or in part at its discretion at any time in future.”

The other FD interest rates for general public are:

• 2.80 per cent for 7 days to 14 days

• 2.80 per cent for 15 days to 29 days

• 3.00 per cent for 30 days to 45 days

• 3.25 per cent for 46 days to 90 days

• 3.50 per cent for 91 days to 120 days

• 3.85 per cent for 121 days to 180 days

• 4.50 per cent for 181 days to less than 9 months

• 4.75 per cent for nine months to less than one year

• 6.10 per cent for one year

• 7.15 per cent for 444 days

• 6.80 per cent for 555 days

• 7.10 per cent for above one year to less than two years (except 444 and 555 days)

• 6.70 per cent for two years to less than three years

• 6.25 per cent for three years to less than five years

• 6.25 per cent for five year

• 6.10 per cent for above five years

The bank offers seniors an additional 50 per cent (50 basis points) on all tenures up to five years and an additional 75 basis points for FDs from five to 10 years. The additional rates are only for less than Rs 3 crore FDs.

Discontinued FDs:

The two FDs discontinued by the banks are ‘Ind Supreme Product FD’ for 300 days and ‘Ind Super Product FD’ for 400 days. These FDs were launched in 2023 for a limited period but were extended several times later before being discontinued on May 8, 2025.

• The 300-day FD offered 7.80 per cent to senior citizens and 8.05 per cent to super seniors.

• The 400-day FD offered 7.55 per cent to seniors and 7.80 per cent to super seniors.

With the ending of these FDs, the highest rate offered by the Bank to seniors has come down from the highest 7.80 per cent to 7.65 per cent and for super seniors from 8.05 per cent to 7.90 per cent.