Indian Bank FD Rates 2026: Earn Up to 7.55%
Indian Bank FD Rates 2026: Earn Up to 7.55%
Indian Bank FD Rates 2026 offer up to 7.55% annual interest on selected special fixed deposits for eligible super senior citizens. The public sector bank revised interest rates on its 555-day IND Grow and 777-day IND Prosper schemes, effective 23 October 2026.
The revised rates remain relevant for depositors comparing fixed deposit options in November. However, the change should not be mistaken for a fresh November rate hike.
According to Indian Bank’s official deposit rate card, both special schemes received a 15-basis-point increase for general customers.
Indian Bank FD Rates 2026: Latest Special FD Rates
Indian Bank offers different interest rates based on deposit tenure and customer eligibility.
| Special FD scheme | General customers | Senior citizens | Super senior citizens |
|---|---|---|---|
| IND Grow — 555 days | 6.80% | 7.30% | 7.55% |
| IND Prosper — 777 days | 6.75% | 7.25% | 7.50% |
| IND Supreme 2.0 — 300 days | 6.20% | 6.70% | 6.95% |
| IND Green — 500 days | 6.40% | 6.90% | 7.15% |
Source: Indian Bank. Rates are annual and apply to eligible deposits under the respective schemes. Effective dates differ across products.
The highest rate of 7.55% is available under the 555-day IND Grow scheme for eligible super senior citizens.
What Changed in the October FD Rate Revision?
Indian Bank increased the interest rates on two special deposits from 23 October 2026.
The IND Grow scheme’s general customer rate rose from 6.65% to 6.80%, while the IND Prosper scheme increased from 6.60% to 6.75%.
Both increases were 0.15 percentage points, equivalent to 15 basis points.
The bank’s rate card shows no corresponding increase for its regular one-year FD or several other standard maturity periods.
This distinction matters because the revised rates are linked to specific deposit products rather than a blanket increase across all fixed deposits.
IND Grow: 555-Day FD Offering Up to 7.55%
The IND Grow scheme has a maturity period of 555 days, approximately 18 months.
Its interest rates are:
- General customers: 6.80%
- Senior citizens: 7.30%
- Super senior citizens: 7.55%
The scheme is available for deposits starting at ₹1,000 and below ₹3 crore, subject to the bank’s eligibility conditions.
The relatively higher rate may appeal to depositors who can keep their money invested for the full term.
However, investors should consider their liquidity needs before selecting the scheme.
IND Prosper: 777-Day FD Offering Up to 7.50%
The IND Prosper scheme has a longer maturity period of 777 days, or approximately two years and two months.
The annual interest rates are 6.75% for general customers, 7.25% for senior citizens and 7.50% for eligible super senior citizens.
Interestingly, the longer 777-day deposit offers a slightly lower annual interest rate than the 555-day scheme.
This illustrates why depositors should compare the actual rate for each maturity period rather than assume longer deposits always earn higher returns.
Both schemes are listed on the bank’s official deposit rates page.
How Much Interest Can You Earn on ₹1 Lakh?
The following figures illustrate one year’s simple interest at the published IND Grow rates.
| Deposit amount | At 6.80% | At 7.30% | At 7.55% |
|---|---|---|---|
| ₹1 lakh | ₹6,800 | ₹7,300 | ₹7,550 |
| ₹5 lakh | ₹34,000 | ₹36,500 | ₹37,750 |
These figures are illustrative annual interest amounts, not the actual maturity proceeds for a 555-day FD.
Cumulative deposits may earn interest through periodic compounding, while payout options and applicable tax deductions can affect the amount received.
Customers should obtain a maturity quotation from Indian Bank before investing.
What Should Senior Citizens Check?
Senior citizens may receive preferential rates, but eligibility must be confirmed before opening the deposit.
The bank distinguishes between senior citizens and super senior citizens, with the latter receiving an additional interest benefit on eligible schemes.
Depositors should verify the applicable age criteria, minimum investment, account type and whether the quoted rate applies to their particular deposit.
They should also review premature withdrawal conditions. Closing an FD before maturity can reduce the interest earned.
Are Indian Bank Fixed Deposits Safe?
Indian Bank is a public sector bank, but fixed deposits are not entirely risk-free.
Eligible bank deposits are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC), subject to an insurance limit of ₹5 lakh per depositor per bank, including principal and interest.
The limit applies across eligible deposits held by a depositor in the same capacity and right.
Depositors with larger balances should understand these limits before concentrating savings in one bank.
Frequently Asked Questions
What is the highest Indian Bank FD rate in November 2026?
The bank’s published rate card lists up to 7.55% annually for eligible super senior citizens under the 555-day IND Grow scheme.
When did Indian Bank increase its special FD rates?
The increases for IND Grow and IND Prosper became effective on 23 October 2026.
Which is better: IND Grow or IND Prosper?
IND Grow offers a higher annual interest rate and a shorter tenure. However, the appropriate choice depends on the depositor’s financial needs and maturity preferences.
Do existing FDs automatically receive the new rates?
Existing fixed deposits generally retain their contracted rates. Customers should confirm the applicable terms for renewals or new deposits.
Conclusion
Indian Bank FD Rates 2026 offer attractive options for depositors seeking fixed returns, particularly eligible senior and super senior citizens.
The 555-day IND Grow scheme offers the highest listed special FD rate of 7.55%, while the 777-day IND Prosper scheme offers up to 7.50%.
Before investing, compare interest rates, maturity periods, withdrawal conditions and tax implications.
Disclaimer: This article is for general financial information and does not constitute personalised investment advice. FD rates and product availability may change. Verify the latest terms directly with Indian Bank.
