Highest FD Rate 7.90%: PSU Unveils 2 New FDs, Discontinues Ind Super 400 Days & Ind Supreme 300 Days Schemes

Indian Bank FD Rates: This government-backed PSU bank has made several changes to its fixed deposit scheme. Indian Bank has introduced two new FD schemes while discontinuing its popular Ind Super 400 Days & Ind Supreme 300 Days schemes. The highest FD rate offered by Indian Bank is now 7.90% on deposits below Rs 3 crore.

Indian Bank IND Secure:

IND Secure is a newly launched FD scheme by Indian Bank, offering 7.15% to 7.90% rates on investments from a minimum of Rs 1,000 to Rs 3 crore. The maturity period is for 444 days. However, the scheme is available till September 30, 2025.

IND Secure FD Rates: Individuals in the general category will be able to earn a 7.15% rate, while senior citizens can get up to 7.65%. The highest rate is offered to super senior citizens at 7.90%.

Indian Bank IND Green FD Scheme:

Ind Green scheme is a green retail term deposit product that Indian Bank specially designed to promote sustainable development while providing guaranteed returns.

The minimum investment starts from Rs.1000 to less than 3 Crore for a maturity tenor of 555 days in the form of FD/MMD with callable options.

IND Green Interest Rates: Here, a general category individual will earn 6.80% rate, while senior citizen and super senior citizen will receive 7.30% and 7.55% interests.

Along the introduction of two new FD schemes, Indian Bank discontinued two of its older special FD schemes.

Super senior citizens are those who are 80 years of age and above. Senior citizens are 60 years and above.

Ind Super 400 Days Discontinued:

Ind Super 400 Days stands discontinued with effect from May 8, 2025, as per Indian Bank's website. This scheme had a tenure of 400 days and offered interest rates ranging from 7.30% to 8.05%.

Ind Supreme 300 days Discontinued:

Similarly, Ind Supreme 300-day special FD scheme is discontinued from May 8th. This scheme had a tenure of 300 days, with interest rates from 7.05% to 7.80%.

Indian Bank Retail Domestic & NRO Term Deposit:

After the repo rate cut of 25 basis points by RBI in April 2025 policy, Indian Bank is offering a 7.15% rate on FDs for a 444-day tenure and a 6.80% rate for a 555-day tenure. The FD rate is 7.10% on above 1 year to less than 2 years other than 444 days & 555 days tenure.

Also, FD rates are at 6.70% on 2 years to less than 3 years tenure, at 6.25% on 3 years to 5 years tenures, and at 6.10% on above 5 years tenure.

The 1-year FD rate is at 6.10% on retail deposits below Rs 3 crore. The bank offers 2.80% to 4.75% on FDs for maturity periods ranging from 7 days to less than 1 year.

Tenures Of FD	Rate Of Interest Per Annum (%)
7 days to 14 days	2.8
15 days to 29 days	2.8
30 days to 45 days	3
46 days to 90 days	3.25
91 days to 120 days	3.5
121 days to 180 days	3.85
181 days to less than 9 months	4.5
9 months to less than 1 year other than 300 Days.	4.75
1 year	6.1
444 days	7.15*
555 Days	6.80*
Above 1 year to less than 2 years other than 444 days & 555 days	7.1
2 years to less than 3 years	6.7
3 years to less than 5 years	6.25
5 year	6.25
Above 5 years	6.1

FAQs On Fixed Deposit Schemes Offered By Banks:

Q1. What are Fixed Deposits (FDs) and why do people choose them in India?

Answer: Fixed Deposits (FDs) are a safe way to invest money and grow it over time, which is why many people in India prefer them.

Q2. What factors influence fluctuations in Fixed Deposit interest rates?

Answer: Fluctuations in Fixed Deposit interest rates are influenced by factors such as inflation rates, liquidity in the banking system, credit demand, cost of funds, and overall economic conditions.

Q3. How does inflation affect FD interest rates?

Answer: During times of high inflation, the Reserve Bank of India typically raises the repo rate, which leads banks to increase FD rates to attract more deposits.

Q4. What strategies can be employed to handle FD rate fluctuations?

Answer: Some strategies to handle FD rate fluctuations include opting for short-term FDs during volatile times, laddering your investments, locking in long-term FDs when rates are high, staying updated with rate trends, and choosing a reliable bank.

Q5. Why is it important to stay informed about RBI announcements and interest rate changes?

Answer: Staying informed about RBI announcements and interest rate changes is essential to optimize returns and make informed decisions regarding opening new FDs or renewing existing ones.