Skip to main content

How to Verify Property Legality Before Buying – Avoid Scams and Legal Issues

Post a Comment

FD Rate: Invest ₹2 Lakh in This Bank’s FD and Earn ₹27,000 Profit

In India, people have always preferred safe investment options to secure their future. With rising inflation and uncertainty in the markets, many investors look for financial instruments that provide safety and guaranteed returns. Among these, Fixed Deposit (FD) is one of the most trusted choices.

FDs are considered safe because there is almost zero risk involved, and the returns are fixed in advance. Investors know exactly how much they will receive at maturity. This is why millions of Indians prefer to park their savings in bank fixed deposits.

If you are also planning to invest in FD, there’s good news for you. Public sector bank Indian Bank has recently revised its FD interest rates. The returns offered are quite attractive. For example, if you invest ₹2 lakh for 2 years, you will earn around ₹27,000 as fixed profit at maturity.

Let’s understand in detail the FD rates of Indian Bank, how much return different investors can get, and why this scheme is beneficial.

FD Rate: Invest ₹2 Lakh in This Bank’s FD and Earn ₹27,000 Profit

Why Invest in FD?

At a time when inflation is continuously rising, it has become very important to keep your savings safe. Here are some major advantages of investing in FD:

  1. Safety – Your investment in bank FD is completely secure.

  2. Fixed Returns – The maturity amount is decided in advance.

  3. Flexible Tenure – You can choose from 7 days to 10 years.

  4. Extra Benefits for Senior Citizens – Senior citizens get a higher rate of interest.

  5. Liquidity Option – You can break the FD and withdraw money in case of an emergency.

Because of these benefits, FD is considered a reliable tool for securing the future and earning stable interest income.

Indian Bank FD Scheme

Indian Bank, a leading public sector bank, offers FD schemes ranging from 7 days to 10 years.

Interest Rates (Effective from August 1)

  • For General Citizens → 2.80% to 6.70%

  • For Senior Citizens → Up to 7.20% (0.50% extra)

  • For Super Senior Citizens (80+ years) → Up to 7.45%

How Much Profit on ₹2 Lakh Investment?

If you deposit ₹2 lakh in Indian Bank FD for 2 years at an interest rate of 6.40%, you will receive ₹2,27,527 at maturity.

Break-up:

  • Principal Amount = ₹2,00,000

  • Interest Earned = ₹27,527

  • Total Maturity Value = ₹2,27,527

This return is guaranteed, irrespective of market ups and downs.

Higher Returns for Senior Citizens

Senior citizens always enjoy higher interest rates on FD.

For example:
If a senior citizen deposits ₹1 lakh in Indian Bank FD for 2 years at an interest rate of 6.90%, they will receive ₹1,14,663 at maturity.

Break-up:

  • Principal = ₹1,00,000

  • Interest = ₹14,663

  • Total Maturity = ₹1,14,663

Clearly, seniors earn more compared to regular investors.

Special FD Scheme – "Ind Secure Product"

Indian Bank also offers a special FD scheme of 444 days called Ind Secure Product.

  • General Citizens – 6.70%

  • Senior Citizens – 7.20%

  • Super Senior Citizens – 7.45%

This scheme is ideal for those who want short-term investment with high interest.

How to Open FD in Indian Bank

Indian Bank provides both offline and online options for FD.

Offline Process:

  1. Visit the nearest Indian Bank branch.

  2. Fill out the FD application form.

  3. Submit ID proof (Aadhaar/PAN), passport-size photo, etc.

  4. Deposit the amount via cash, cheque, or transfer.

Online Process:

  1. Log in to Indian Bank NetBanking or Mobile Banking app.

  2. Select the "Fixed Deposit" option.

  3. Enter amount, tenure, and interest payout preference.

  4. Make the payment and start FD instantly.

Tax Implications on FD

The interest earned from FD is taxable.

  • If annual interest exceeds ₹40,000 (₹50,000 for senior citizens), the bank deducts TDS.

  • To avoid unnecessary TDS, investors can submit Form 15G/15H (if total income is below taxable limit).

Who Should Invest in FD?

FD is an ideal investment for:

  1. Investors seeking zero-risk investment.

  2. Those who want guaranteed and fixed returns.

  3. Senior citizens looking for stable monthly/quarterly income.

  4. People who want to park their savings securely for 1–10 years.

Comparison with Other Investments

  • Stock Market → High profit but very high risk.

  • Mutual Funds → Good long-term returns, but no guarantee.

  • Gold/Real Estate → Hedge against inflation but less liquid.

  • FD → Safe, guaranteed, liquid, and predictable.

Thus, FD remains the most dependable choice for risk-averse investors.

Conclusion

With rising inflation and market volatility, safe investment options like FD are gaining popularity again. Public sector bank Indian Bank is offering attractive FD rates to its customers.

👉 If you invest ₹2 lakh for 2 years, you will earn a guaranteed profit of ₹27,527 at maturity.
👉 Senior citizens get even higher returns, making it an excellent option for retirement savings.

For investors who want safety, stability, and guaranteed income, Indian Bank FD is one of the best choices available today.

Comments

Post a Comment

Popular

Happy Rajput: The inspiring young brand ambassador of Dream Mission

Happy Rajput , also known as Happy, is a young and inspiring individual from Ratia, Fatehabad, Haryana. He was born on December 13, 2003, and currently resides in his hometown, V.P.O Jallopur Ratia, Fatehabad. Despite his young age, Happy has already made a significant impact on society as the brand ambassador of  Dream Mission . Dream Mission is an organization dedicated to empowering the youth to achieve their dreams. As a brand ambassador, Happy plays a crucial role in promoting the mission's objectives and spreading awareness about its various initiatives and programs. His dedication and hard work have earned him widespread recognition and respect in the industry. In addition to his work as a brand ambassador, Happy is also pursuing a diploma in electrical engineering. He believes that education is crucial to achieving success in life and encourages young people to prioritize their studies. Despite his busy schedule, Happy manages to find time for his hobbies, including playing...
Post a Comment
Read more

Multi-talented VFX Artist K. Vamshi Changing Lives With Dream Mission

K.Vamshi , professionally known as Prince, is a multi-talented individual who excels in various fields, including art, creativity, drawing, editing, VFX creation, and business coaching. Born on July 30, 2005, in Hyderabad, he hails from the town of Bahadurpur in Telangana. As a Hindu by religion, Vamshi takes pride in his cultural heritage. Vamshi's passion for art and creativity developed at a young age. He demonstrated exceptional skills and a keen eye for detail, which led him to excel in drawing and editing. With a natural talent for visual effects (VFX) creation, he has become proficient in crafting stunning visuals that captivate audiences. His artistic endeavors have gained recognition and admiration from both peers and professionals in the industry. In addition to his artistic pursuits, Vamshi has ventured into the field of business coaching. Leveraging his extensive knowledge and experience, he guides aspiring entrepreneurs and helps them navigate the complexities of start...
Post a Comment
Read more

Digital Dynamo Aayush Sharma: Empowering Entrepreneurs for a Future of Success

In the dynamic world of business, young visionaries are reshaping success, and Aayush Sharma stands at the forefront of this transformation. A dynamic business speaker and visionary content creator, Aayush has conquered the realms of affiliate and digital product businesses, converting his passions into a thriving venture. At the tender age of 18, Aayush's entrepreneurial journey began, propelled by an innate spirit and determination. With over 1500 transformative sessions and personalized 1:1 mentorship, he has become a beacon of guidance for those seeking financial independence and entrepreneurial success. From India, Aayush Sharma embodies charisma, standing tall at 5'11" with striking black hair and captivating eyes. His captivating speaking engagements leave audiences inspired and motivated. Driven by an unwavering desire for knowledge, Aayush honed his skills at DAV School Networks and now pursues higher education at Manipal University. Inspired by luminaries like St...
Post a Comment
Read more