If you’re looking for a safe investment option that offers high interest rates, the Indian Bank 400 Days Fixed Deposit Scheme—also known as “IND SUPER 400 DAYS”—might be just what you need. This special FD plan gives bumper returns, especially for senior citizens, and is valid only till June 30, 2025. Whether you’re a conservative investor or just want a risk-free, fixed return, this scheme could be a perfect fit.
Indian Bank’s 400-Day FD Scheme
| Feature | Details |
|---|---|
| Scheme Name | IND SUPER 400 DAYS |
| Tenure | 400 days |
| Interest Rate (General) | 7.30% p.a. |
| Interest Rate (Senior Citizens) | 7.80% p.a. |
| Interest Rate (Super Senior Citizens) | 8.05% p.a. |
| Minimum Deposit | ₹10,000 |
| Maximum Deposit | Less than ₹2 crore |
| Eligibility | Indian residents (Individuals, HUFs, Trusts, etc.) |
| Application Mode | Online and Offline |
| Last Date to Apply | June 30, 2025 |
| Official Website | indianbank.in |
The Indian Bank 400 Days Fixed Deposit Scheme is a smart and timely opportunity for investors looking for high returns without market risk. With interest rates up to 8.05%, especially for senior and super senior citizens, this plan is a must-consider option before it expires on June 30, 2025.
If you have idle funds lying in your savings account earning just 3–3.5%, this FD can help you make ₹40,000 to ₹88,000+ in interest within 400 days. It’s safe, backed by a reputed public sector bank, and comes with the flexibility of premature withdrawal and loan options.
What Is the IND SUPER 400 DAYS Scheme?
The IND SUPER 400 DAYS is a special fixed deposit scheme launched by Indian Bank to offer higher returns than standard FDs. It’s a time-bound plan, launched to attract new customers and provide an alternative to low-risk, low-yield instruments.
The biggest attraction here is the interest rate, which goes up to 8.05% for super senior citizens—one of the highest among public sector banks today.
see also: Good News for SBI Customers: Loans Just Got Cheaper
Why You Should Consider Investing
1. Attractive Interest Rates
Indian Bank is offering:
- 7.30% to general customers
- 7.80% to senior citizens (age 60+)
- 8.05% to super senior citizens (age 80+)
Compared to regular savings accounts (usually offering 3–3.5%), this is a significant boost to your earnings.
2. Low Minimum Investment
With just ₹10,000, you can start investing—making it accessible even for small investors and retirees.
3. Tax Benefits
While interest earned is taxable, TDS exemption under Form 15G/15H is available for eligible depositors. This makes it easier for senior citizens to save more.
4. Safe and Government-Backed
Indian Bank is a government-owned public sector bank, and all deposits are insured up to ₹5 lakh under the DICGC scheme, making this a low-risk investment.
How Much Will You Earn? (Returns Calculator)
Let’s say you invest ₹5 lakh in this FD for 400 days:
Estimated Maturity Amounts
- General Public (7.30%): ₹5,41,253
- Senior Citizens (7.80%): ₹5,44,171
- Super Senior Citizens (8.05%): ₹5,46,342
For ₹10 lakh, you could earn as much as ₹88,000+ in just over a year—which is significantly higher than most short-term investments.
Who Can Open This FD?
The scheme is open to:
- Individuals (Single or Joint)
- Hindu Undivided Families (HUFs)
- Trusts and Clubs
- Senior and Super Senior Citizens
NRIs can also invest via NRO accounts, but interest rates may differ slightly.
How to Open the FD
Option 1: Online via NetBanking or Mobile App
- Log in to Indian Bank NetBanking or the IndOASIS mobile app
- Navigate to “Term Deposit” or “Fixed Deposit”
- Choose IND SUPER 400 DAYS
- Enter amount, nominee, and confirm
Tip: Ensure your KYC is up to date for smooth processing.
Option 2: Offline via Branch Visit
- Visit the nearest Indian Bank branch
- Carry valid ID, PAN, and address proof
- Fill out the FD application form
- Submit and get your deposit receipt
Premature Withdrawal & Loan Facilities
- Premature withdrawal is allowed after 7 days but will incur a penalty (usually 1% less interest).
- You can also take a loan or overdraft against the FD (up to 90% of the value).
- This helps in emergencies without breaking the FD.
Compare With Other Banks (April 2025)
| Bank | Tenure | Regular Rate | Senior Citizen Rate |
|---|---|---|---|
| Indian Bank | 400 Days | 7.30% | 7.80%–8.05% |
| SBI | 400 Days | 7.10% | 7.60% |
| HDFC Bank | 400 Days | 7.00% | 7.50% |
| ICICI Bank | 400 Days | 7.00% | 7.50% |
Indian Bank clearly offers one of the best FD rates in April 2025.
Who Should Invest?
This FD is ideal for:
- Retirees or pensioners seeking regular income
- Young professionals looking for stable, short-term investment
- Parents saving for children’s education
- Conservative investors preferring assured returns over risk
It’s not suitable for those seeking market-linked high returns like in mutual funds or stocks.
see also:
Indian Bank’s 400 Days Fixed Deposit FAQs
1. Is the IND SUPER 400 DAYS FD available to new customers?
Yes, both existing and new customers can invest. You may have to open a savings account with Indian Bank first.
2. Is there any penalty for premature withdrawal?
Yes. Indian Bank usually charges 1% lower interest than the original rate if you break the FD before 400 days.
3. How can I claim TDS exemption?
Fill and submit Form 15G/15H at your branch or online, if you’re eligible for TDS exemption.
4. Can I open a joint FD under this scheme?
Yes, you can open it jointly. However, the age of the first account holder determines the applicable interest rate.
5. Is auto-renewal available?
Yes, but only if selected during application. Be sure to check the new rate on maturity if you opt for renewal.
