Fixed Deposits (FDs) have always been among the safest and most rewarding investment options, especially for senior citizens. They promise stable returns with minimal risk, giving peace of mind that is nowhere else found. Now, Indian Bank has raised this promise with attractive rates of interest on two special FD schemes, that is 300 and 400 days.
So, if you or your seniors are thinking of investment, this might just be the opportunity you’ve been waiting for.
Indian Bank’s Special FD Schemes: What You Need to Know
These limited-period FD schemes were extended by the Indian Bank under high investor demand. That is to say, these schemes are providing much higher interest rates than in the regular FD schemes and uniquely serve and benefit both senior and super senior citizens.
So let’s take a look at both the schemes of 400 days and 300 days.
Ind Super 400 Days FD Scheme – Extended until 30 June 2025
The Ind Super 400 Days FD scheme has been extended to 30 June 2025. This offer was originally applicable only until 31 March 2025; in response to an overwhelming number of investments from both the senior and public sectors, Indian Bank decided to keep this offer open for some more months.
Investment Range: The investment can be from ₹10,000 to ₹3 crore; it’s meant for the low-level savers and the very highest net worth individual investors as well.
Interest Rates:
- General Public: 7.30% per annum
- Senior Citizens: 7.80% per annum
- Super Senior Citizens: 8.05% per annum
This scheme stands out, especially when compared to traditional FDs, offering bumper returns with the security of a government-backed bank.
Ind Supreme 300 Days FD Scheme – Ideal for Short-Term Investors
If you’re looking for short-term investment options, Indian Bank also offers the Ind Supreme 300 Days FD Scheme, open until 20 June 2025. It’s perfect for those who prefer a shorter lock-in period but still want above-average returns.
Interest Rates:
- General Public: 7.05%
- Senior Citizens: 7.55%
- Super Senior Citizens: 7.80%
This scheme gives a great interest rate boost even for a shorter tenure—making it ideal for conservative investors or those nearing retirement.
Why Senior Citizens Should Consider These Schemes
Investing in a Fixed Deposit with higher interest rates offers not just financial growth, but also emotional peace of mind. With age, financial stability becomes even more critical, and Indian Bank’s FD schemes ensure that retired individuals can enjoy their golden years with less worry about market fluctuations.
Highlights for senior investors:
- 0.50% additional interest for senior citizens
- 0.65% extra for super senior citizens (above 80 years)
- Safe, secure, and backed by one of India’s most trusted banks