Indian Bank Introduces Two New Fixed Deposit Schemes: 'IND SECURE' and 'IND GREEN'.
Banking & Finance
In May 2025, Indian Bank, a Public Sector Bank headquartered in Chennai, launched two new fixed deposit schemes—‘IND SECURE’ and ‘IND GREEN’—aimed at providing secure investment options and encouraging environmentally responsible savings.
- These new schemes replaced the older retail FD products, ‘IND SUPER 400 Days’ and ‘IND SUPREME 300 Days,’ which were officially discontinued for new deposits from 8th May 2025, though existing accounts will continue until maturity.
- The ‘IND SECURE’ FD scheme accepts investments ranging from ₹1,000 to less than ₹3 crore, with a tenure of 444 days, and is available in Fixed Deposit (FD) or Monthly Maturity Deposit (MMD) form till 30th September 2025.
- Interest rates for IND SECURE are attractive, offering 7.15% p.a. for the general public, 7.65% for senior citizens, and 7.90% for super senior citizens, making it a suitable choice for long-term, secure returns.
Main Point :- (i) The ‘IND GREEN’ FD scheme supports sustainable development by offering the same investment range and forms as IND SECURE but with a longer tenure of 555 days and similar availability till 30th September 2025.
(ii) IND GREEN provides slightly lower but still competitive interest rates: 6.80% p.a. for general customers, 7.30% for senior citizens, and 7.55% for super senior citizens, promoting responsible investing with assured returns.
(iii) The discontinued schemes, IND SUPER 400 Days and IND SUPREME 300 Days, earlier offered up to 8.05% interest, but are now closed for new investments, while existing FDs will earn returns as originally agreed.
About Indian Bank
MD & CEO : Binod Kumar
Headquarters : Chennai, Tamil Nadu(TN)
____________________________
