Archive · 2 Jun 2025
Indian Bank Launches New FD Schemes, Adjusts Rates
Indian Bank has launched two new fixed deposit schemes, IND SECURE and IND GREEN, while discontinuing IND Super 400 Days and IND Supreme 300 Days.
IND SECURE offers 7.15% interest for the public and 7.65% for senior citizens over 444 days.
IND GREEN, promoting sustainability, gives 6.80% for the public and 7.30% for senior citizens over 555 days.
Both schemes accept deposits from ₹1,000 to under ₹3 crore, available until September 30, 2025.
The bank also updated rates for other fixed deposits, in response to the RBI's repo rate cut.
This means some changes for people who want to save money.
Indian Bank introduced two new fixed deposit schemes: IND SECURE and IND GREEN.
IND SECURE offers 7.15% interest for public and 7.65% for senior citizens for 444 days.
IND GREEN offers 6.80% interest for public and 7.30% for senior citizens over 555 days.
Both schemes accept deposits from ₹1,000 to under ₹3 crore, available until September 30, 2025.
The bank discontinued IND Super 400 Days and IND Supreme 300 Days.
- Who
- Indian Bank
- What
- Indian Bank launched two new fixed deposit schemes and discontinued two others.
- When
- May 8, 2025
- Where
- India
- Why
- To adjust deposit rates and respond to RBI's repo rate cut.
Customer Impact
Bank Strategy
Interest Rates
Customer Impact
Customers may see lower returns on their deposits or need to explore new schemes to maximize returns.
Bank Strategy
Banks adjust rates based on market conditions and RBI policies to manage profitability.
- New Schemes
- Two new schemes: IND SECURE, IND GREEN
- IND SECURE Maturity
- IND SECURE: 444 days
- IND GREEN Maturity
- IND GREEN: 555 days
- Deposit Amounts
- ₹1,000 to less than ₹3 crore
- Scheme Availability
- Available until September 30, 2025
- Discontinued Schemes
- IND Super 400 Days and IND Supreme 300 Days
- Rate Changes
- Revised rates for various tenors