Indian Bank Recurring Deposit Schemes & Interest Rates

Get the Highest Interest Rates on Indian Bank Recurring Deposit

Indian Bank offers the most popular deposit schemes to its customers by providing them with high interest rates. Through the Indian Bank Recurring Deposit accounts, the customers can earn save and earn money simultaneously. The deposit term for Indian Bank varies from 3 months-10 years. The customers can deposit in the multiples of 5 after that.

For Deposits Below 1 Crore

Tenure	Rs. 1 crore to Rs 5 crore %
181 to less than 9 months	4.5
9 months to less than 1 Year	4.5
1 year	4.75
1 year to < 2 Years	4.5
2 years to < 3 Years	4.5
3 years and above	4.5

For Deposits amounting to 1-5 Crores

Tenure	Rs. 1 crore to Rs 5 crore
181 to less than 9 months	4.5
9 months to less than 1 Year	4.5
1 year	4.75
1 year to < 2 Years	4.5
2 years to < 3 Years	4.5
3 years and above	4.5

Indian Bank Short-Term RD Interest Rates

The customers of Indian Bank can open the RD account for a short period. A short-term RD account with Indian Bank can be opened for 6 months-2 years and the interest rate offered on these deposits range from 5.75%-6.25% per annum. For deposits worth 1-5 crores, the interest rate applicable ranges from 5.25%-5.75% per annum.

Indian Bank Medium and Long-Term RD Interest Rates

Indian Bank customer also have an option of opening medium and long-term deposit accounts. The medium-term RD account has a tenure of 2-3 years and a long-term deposit account has a tenure exceeding three years.

For a deposit amounting to less than a cure, the bank offers an interest rate of 6.25% per annum and for deposits worth 1-5 crores, the bank offers an interest rate of 5.5% per annum.

Indian Bank Senior Citizen RD Interest Rates

Senior citizen customers are also provided with attractive interest rates when they invest money through the Indian Bank RD account. In case of senior citizens, an additional interest rate is applicable on the nominal RD rates

Indian Bank NRE Recurring Deposit Interest Rates

NRIs can also open an RD account with Indian Bank for a tenure ranging from 1-10 years. The interest rate applicable on such deposits is 6.5%-7.25% per annum. On short-term deposits amounting from 1-5 crores, NRIs can earn up to 7% interest rate per annum.

For a medium-term deposit amounting to less than a crore, an NRI can earn an interest rate of 7.25% and on medium and long-term deposits amounting to 1-5 crores, they will be able to earn an interest rate of 7% per annum.