Indian Bank FD Interest Rates : How to Calculate Indian Bank Fixed Deposit Interest Rate

Indian Bank FD Interest Rates : Indian Bank offers a variety of Indian Bank Fixed Deposit schemes at attractive interest rates to both regular individuals and senior citizens. Banks in India usually offer higher Indian Bank FD interest rates on these fixed deposits. Money can be deposited in a Fixed Deposit (FD) account for a tenure ranging from 7 days to 10 years

Indian Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian banks are free to set the FD interest rate which in India can generally range from 3.5% – 8%, sometimes as much as 9% depending on the tenure and amount depending on other factors. It might even happen! Fixed deposits are considered to be very safe investments and free from volatility and volatility. Hence, a Fixed Deposit (FD) is one of the most popular savings instruments among the general population in India. Fixed deposits as compared to other types of investments (Indian Bank FDThe rewards earned are proportionately less!

If you have idle money that you want to invest, opening a fixed deposit is a simple and safe option, and it has the added benefit of hassle-free documentation process! Once the deposit matures, the Bank FD (Indian Bank FD) At the time of opening, the Indian Bank deposits the principal amount along with the Indian Bank FD interest rate earned in the specified bank account on the application form.

Indian Bank FD Interest Rates

tenure Ordinary Citizen FD Rate Senior Citizen FD Rate
7 days – 1 month 14 days 2.9% 3.4%
1 month 15 days – 2 months 29 days 3.05% 3.55%
2 Months 30 Days – 5 Months 29 Days 3.95% 4.45%
5 months 30 days – 11 months 29 days 4.4% 4.9%
1 year – 1 year 5% 5.5%
1 year 1 day – 2 years 11 months 28 days 5.1% 5.6%
2 years 11 months 29 days 9 years 11 months 28 days 5.15% 5.65%

Indian Bank Fixed Deposit Interest Rate

The Indian Bank FD interest rate paid on Indian Bank Fixed Deposit varies according to the amount deposited, the tenure and the issuing bank. The general rule of thumb is, the longer the fixed deposit tenure, the higher the interest rate! But if there is a possibility of a fall in the rates in the future, then the bank can offer a lower Indian Bank FD interest rate for a longer period. The interest rates of Indian Bank are usually between 4%-8% per annum.

Features and Benefits of Indian Bank Fixed Deposits

  • The minimum deposit requirement in this Indian Bank FD is Rs 100. There is no maximum deposit amount under the scheme!
  • Deposit tenure ranges from 7 days (with minimum deposit amount of Rs 1 lakh) to 10 years.
  • The scheme allows overdraft up to 90% of the deposit amount
  • This scheme allows loan against fixed deposit
  • Automatic renewal feature allowed
  • Premature withdrawal allowed

How to Calculate Indian Bank Fixed Deposit Interest

You can use the Indian Bank FD Calculator to find out how much Indian Bank FD interest rate you will get on the principal amount! All you need to do is enter the principal amount, number of years, interest rate per annum and compounding period

The calculator will do the rest and present you the breakup of the interest earned and maturity amount. You can also use online resources to calculate the interest earned on your Indian Bank FD (Indian Bank Fixed Deposit). There are many online websites that allow you to calculate earned Indian Bank FD interest rate instantly.

Using Indian Bank FD Calculator

, you can enter as many combinations as you want, and Indian Bank FD Calculator will give you quick and accurate results! Using an online calculator helps determine this. Helps in identifying how much you want to invest and the final maturity amount.

Calculate Indian Bank FD Rate

  • a = p x (1 + r/n)nt
  • I = A – P
  • A = Maturity Value
  • P = Principal Amount
  • R = interest rate
  • t = number of years
  • n = compound interest frequency
  • I = interest earned

Indian Bank FD Calculator : Indian Bank FD Interest Rates

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