You can earn up to 8% interest rate on this bank’s special FDs; Check the last date to invest

You can earn up to 8% interest rate on this bank’s special FDs; Check the last date to invest



Indian Bank offers special fixed deposits offering higher interest rates called “Ind Super 400” and “Ind Supreme 300 days”. These special FDs come with interest rates up to 8% per annum. These schemes had a deadline by which investors had to invest. Indian Bank kept extending this deadline. The previous deadline was February 2, 2024.

What is the last date to invest in Ind Super 400 days and Ind Super 300 days?

According to the Indian Bank website as on February 5, 2024, is no deadline mentioned on the website and earlier deadlines have been removed.

Axis Bank increases FD interest rates by 10 bps; Earn up to 7.85% on this fixed deposit tenure

Ind super 400 daysThe “IND SUPER 400 DAYS” Special Retail Term Deposit Product offers a higher interest rate for investments ranging from Rs. 10,000 to less than Rs. 2 crore over a 400-day period in the form of callable options on FDs.

IND SUPER 400 DAYS -Rate of Interest (% p.a)
Rate of Interest (% p.a)
Public 7.25%
Senior Citizen 7.75%
Super Senior Citizen 8.00%

Ind super 300 daysWith callable options, the “IND SUPREME 300 DAYS” special retail term deposit product offers an enticing interest rate for investments ranging from Rs. 5,000 to less than Rs. 2 crore over a 300-day period in the form of FD.

Category Rate of Interest ( %p.a)
Public 7.05%
Senior Citizen 7.55%
Super Senior Citizen 7.80%

Indian Bank FD interest rates
Indian Bank offers interest rates between 2.80% to 7.25% (including special deposit rates) interest rates for general citizens.

Senior Citizen Accounts
Senior citizens can earn an extra interest rate of 0.50% per year on domestic term deposits up to Rs 10 crore.

IB – Golden Ager
According to the website, “ A Special Term Deposit Account for Super Senior Citizen” (Age 80 years and above) is offering additional 0.25% higher rate of interest over & above the additional rate that is presently being offered for normal Senior Citizen on Term Deposit for all deposit buckets.”

Premature withdrawal

Period Run Deposits upto Rs. 5 lakhs Deposits above Rs. 5 lakhs
< 7 days No interest will be paid on foreclosure of deposit No interest will be paid on foreclosure of deposit
7 days and above No penalty to be levied for pre closure of deposits provided the deposit has been retained for atleast 181 days i.e. eligible interest rate will be the applicable card rate for the actual period run prevailing on the date of deposit. For deposits closed before 181 days, eligible rate will be the applicable card rate for the actual period run prevailing on the date of deposit less 1.00% p.a. as foreclosure charges Eligible rate will be the applicable card rate for the actual period run prevailing on the date of deposit less 1.00% p.a. as foreclosure charges
No foreclosure charges to be levied for domestic term deposits placed by Corporate/Government Departments (State, Central and Quasi Government), Institutions and non profitable organizations (which exist for Educational / Religious or Charitable reasons and from which its share holders or trustees do not benefit financially) wherein the deposits are placed based on the quotation submitted by the Bank.
No foreclosure charges to be levied for deposits in the name of staff/ex staff/ex staff cum senior citizen.



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Author: Shirley