Steps to apply for Indian Bank Fixed Deposit (FD)

To apply for a fixed deposit with Indian Bank, you to go to the bank and ask for the required forms. You need to also submit a few copies of documents and meet the eligibility criteria. 

Updated On - 06 Sep 2025

FAQs on How to Apply for an Indian Bank Fixed Deposit

  • What is the maximum amount of loan I can get against my fixed deposit?

    You can get a loan valued at up to 90% of your fixed deposits' current value.

  • What is the minimum amount I need to deposit for an Indian Bank's fixed deposit?

    You can deposit from Rs.100 onwards.

  • Will I be charged a penalty for premature withdrawal of fixed deposit?

    Yes, you will be charged a penalty fee of 1% of the sum liable for return for withdrawing a fixed deposit before maturity.

  • What is the shortest time period for which I can open a fixed deposit with Indian Bank?

    The shortest term for a deposit is 12 months.

  • Which forms to submit to claim tax discounts on my fixed deposit interest?

    You need to submit Form 15H/15G to get tax rebates on FD interest earnings.

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