Indian Bank interest rates · November 2026
Indian FD rates
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Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.
Overview
Indian Bank (Indian) is a nationalised public sector bank, headquartered in Chennai, established in 1907. Its headline 1-year FD rate of 6.10% is 0.17% below the public sector average of 6.27%, ranking #809 of 1033 banks on RateScan.in.
Figures marked “approx.” are rounded public estimates as of 2024.
Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.
Rates as of 4 Jul 2026, verified from official source. Majority Government-of-India owned: deposits insured by DICGC up to ₹5,00,000.
RBI record
Every RBI press release since 1 Jan 2024 that names Indian Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.
A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.
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RBI fined the bank ₹1,61,40,000
RBI's reason: “for contravention of provisions of Section 26A of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Interest Rate on Advances’, ‘Kisan Credit Card (KCC) Scheme’ and ‘Lending to Micro, Small and Medium Enterprises (MSME) Sector’”
What RBI found
“(i) The bank failed to benchmark the interest rate on certain floating rate retail loans and loans to certain Micro, Small and Medium Enterprises to an external benchmark rate; (ii) The bank had obtained collateral security in respect of certain KCC loans upto ₹1.6 lakh and certain loans to Micro and Small Enterprises upto ₹10 lakh; and (iii) The bank did not transfer eligible amount to the Depositor Education and Awareness Fund within the prescribed period.”
RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
Branches
6,007 branches in 541 districts
Most branches: Delhi 149, Kanchipuram 104, Kolkata 97
From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.
Indian rates
Every rate, tenure by tenure, and what your money grows to.
Indian Fixed Deposit rate changes
Changes to Indian's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 18 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.
No change to Indian's fixed deposit (FD) rates has been recorded since tracking started on 18 Sept 2026.
Good to know
- Deposits with Indian Bank are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
- Indian is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
- Senior citizens (60+) earn up to 0.50% p.a. more than general customers at Indian, depending on the tenure.
- Indian's FD table includes 5 special schemes; check eligibility and end dates.
Informational only. Always confirm the current rate on the official Indian website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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