What is the highest Indian Bank FD rate for senior citizens?

The highest Indian Bank Senior Citizen FD rate is 7.30% p.a. for deposits between 5 and 10 years.

Is Indian Bank FD Safe for Senior Citizens?

Indian Bank fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from an Indian Bank FD?

Yes, Indian Bank offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open an Indian Bank Senior Citizen FD?

The minimum amount required to open an Indian Bank Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on Indian Bank Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on Indian Bank Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

Indian Bank Senior Citizen Fixed Deposit Rates

Name: Indian Bank Senior Citizen Fixed Deposit Rates
Brand: Interest Rates
Rating: 4.9 (8443 reviews)

Indian Bank offers attractive FD rates for senior citizens ranging from 3.30% to 7.30% p.a. across tenures of 7 days to 10 years. Continue reading for the latest Indian Bank Senior Citizen FD rates and special FD schemes for senior citizens.

Indian Bank Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.30%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available with a penalty of 0.5% to 1%
Loan Against FD	Up to 90% of the fixed deposit amount.

Indian Bank Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of Indian Bank Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options

Tenure	Senior Citizen FD Rates (per annum)
7 days to 14 days	3.30%
15 days to 29 days	3.30%
30 days to 45 days	3.50%
46 days to 90 days	3.75%
91 days to 120 days	4.00%
121 days to 180 days	4.35%
181 days to less than 9 months	5.00%
9 months to less than 1 year	5.25%
1 year	6.60%
Above 1 year to less than 2 years	6.70%
Ind Green (500 Days)	6.90%
Ind Grow (555 Days)	7.30%
2 years to less than 3 years	6.65%
Ind Prosper(777 Days)	7.25%
3 years to less than 5 years	6.55%
5 year	6.50%
Above 5 years	6.50%

ALSO READ: Senior Citizen Fixed Deposit Interest Rates

Use the Indian Bank FD Calculator below to estimate the maturity amount and interest earned on your Indian Bank fixed deposit based on your investment amount, tenure, and applicable FD rate.

Special FD Scheme for Senior Citizens at Indian Bank

In addition to regular fixed deposits, Indian Bank offers special FD schemes for senior citizens. Check the latest Indian Bank senior citizen FD scheme and latest interest rates below:

Indian Bank’s IB Golden Age Scheme

Tenure	Super Senior Citizen FD Rates (per annum)
7 days to 14 days	3.55%
15 days to 29 days	3.55%
30 days to 45 days	3.75%
46 days to 90 days	4.00%
91 days to 120 days	4.25%
121 days to 180 days	4.60%
181 days to less than 9 months	5.25%
9 months to less than 1 year	5.50%
1 year	6.85%
Above 1 year to less than 2 years	6.92%
Ind Green (500 Days)	7.15%
Ind Grow (555 Days)	7.55%
2 years to less than 3 years	6.90%
Ind Prosper(777 Days)	7.50%
3 years to less than 5 years	6.80%
5 year	6.75%
Above 5 years	6.75%

Indian Bank’s IB Golden Ager Term Deposit is a specially designed fixed deposit scheme for super senior citizens aged 80 years and above, offering a secure way to grow savings with enhanced interest benefits.

The scheme is available for deposit tenures ranging from 7 days to 10 years, with a minimum deposit of ₹1,000 and a maximum limit of ₹10 crore.

Accounts can be opened only in the depositor’s name (joint accounts are not permitted), and nomination is mandatory.

In addition to regular senior citizen benefits, eligible customers receive extra 0.25% interest rates for super senior citizens, making it an attractive option for retirees seeking higher returns, safety, and predictable income from their investments.

ALSO READ: Best Fixed Deposit Interest Rates

Compare Indian Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than Indian Bank for specific tenures. The table below compares Indian Bank senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
Indian Bank	7.30% (555 Days)
Shivalik Small Finance Bank	8.30% (21 to 22 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (370–380 Days)
Mahindra Finance	7.80% (48 to 60 Months)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Indusind Bank	7.75% (24 to 36 Months)
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
ICICI Housing Finance	7.35% (48 to 60 Months)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Bank of Baroda	7.25% (555 Days)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Central Bank of India	6.75% (2 yr to less than 3 years)