Indian Bank, a leading public sector bank, is a 107 year old bank that traces its history to the Swadeshi movement. The bank has 19,429 employees and a network of 2,250 Core-Banking Solutions implemented branches across India. It had a total business worth ₹ 2,86,633 Crores in 2013-14 and an operating profit of ₹ 2,901 Crores.

Features :

Earn good interest with easy liquidity
Quarterly or monthly interest with a discount
Loan, foreclosure, nomination etc. are available
Automatic renewal facility for equal period

Interest Rates :

Indian Bank offers fixed deposits in two sabs—deposits below ₹ 1 crore and above it. Returns vary between 6.75% on short-term deposits to 8.75% on long-term deposits.

Rates vary according to the tenure of the deposit which can be between 7 days to 3 years and above.

Indian Bank provides an additional interest rate of 0.50% to senior citizens above 60 on most of its fixed deposit schemes up to ₹ 5 crores.

Amount Deposit :
There is no maximum limit for deposits accepted under fixed deposits at Indian Bank.
Indian Bank allows FDs for a minimum of 7 days, where the minimum amount of investment is ₹ 1 lakh. The maximum period allowed is normally 10 years.

For More information you may Visit the Nearest Branch of the Indian Bank