Public sector banks are offering multiple fixed deposit schemes for their customers. These banks offer the FD schemes with different interest rates and duration. In this article we will take about Indian Bank, they have three special fixed deposit schema. This list includes the IB Tax Saver Scheme, IB Golden Edger Term Deposit Product, Ind Secure, and Ind Green 555 FD schemes.

Regarding interest rates, the bank currently offers interest rates ranging from 2.80% to 6.70% on its domestic term deposits for general citizens. Senior citizens are also offered an additional 50 bps in return. The interest rates are effective from August 1, 2025.

Special FDs offer by Indian Bank

Ind Secure Scheme

The Ind Secure FD scheme was scheduled to close on September 31st. However, its deadline has been extended to December 31st, 2025. Customers can invest less than ₹3 crore. The minimum investment limit is ₹1,000, and the maximum is less than ₹3 crore (approximately $3 million). The scheme offers an interest rate of 6.70% for general citizens, 7.20% for senior citizens, and 7.45% for super senior citizens. The term is 444 days.

Ind Green FD Scheme

The Ind Green FD scheme has a tenure of 555 days. Investments in this scheme range from less than ₹1,000 to ₹3 crore. The bank offers an interest rate of 6.60% for general citizens. The interest rate for senior citizens is 7.10% and for super senior citizens, it is 7.35%.

Ind Golden Age FD Scheme

One of Indian Bank’s special FD schemes is the Ind Golden Agers Scheme, which the bank offers to super senior citizens. Individuals over 80 years of age can invest in this scheme. The term of the scheme ranges from 7 days to 10 years. The bank also offers an additional interest rate of 0.75%. Loan and premature withdrawal facilities are available. It can also be extended. The minimum investment amount is ₹1,000.

 

IB Tax Saver FD Scheme

The IB Tax Saver FD scheme is eligible for tax exemption under Section 80C of the Income Tax Act. The minimum investment amount is ₹1,000 and the maximum amount is ₹1.5 lakh. The investment period is 5 years. The bank does not offer nomination or loan facilities. Senior citizens also receive an additional 0.50% interest.