Allahabad Bank FD Interest Rates — Complete Guide & FD Rate Chart

Key Insights 

• Allahabad Bank’s FD schemes now follow the Indian Bank’s FD interest structure
   
• Schemes like IND SECURE (444 days) and IND GREEN (555 days ) provide special rates with flexible investment options.
   
• The interest rates range from 2.80% to 6.50% for the general public, and 3.30% to 7.00% for senior citizens. 

Allahabad Bank has been a trusted name for people looking to grow their savings for many years. Indian Bank and Allahabad Bank merged on April 1st, 2020. All of Allahabad Bank's fixed deposits were properly moved to Indian Bank after the merger. 

It continues to give reliable and rewarding Fixed Deposit options under a unified framework. 

The bank delivers various benefits to customers through new schemes like IND SECURE and IND GREEN, which provide flexible options and affordable interest rates.

Let’s take an example. Rajat, a young professional from Lucknow who has just begun working at his first job. He wishes to invest a portion of his pay in a secure investment with consistent profits. 

He not only protects his money by selecting an Allahabad Bank FD (now run by Indian Bank), but he also gains access to flexible tenures and competitive interest rates.

This blog will help you choose the best strategy to increase your savings by going over the most recent Allahabad Bank FD interest rates, special offers, advantages, and key features.

Allahabad Bank FD Interest Rates 2025

Allahabad Bank’s fixed deposit schemes fall under the FD framework of Indian Bank. Here’s a simplified table of interest rates (as of mid-2025) for tenures, for the general public and senior citizens:

Latest Allahabad Bank FD interest rates (domestic deposits < ₹3 crore)
 

Special Allahabad Bank FD Interest Rates 

Indian Bank provides special FD plans like IND SECURE and IND GREEN, aside from the standard fixed deposit schemes. These limited-time plans offer flexible benefits and higher interest rates, particularly for senior and super senior citizens (those 80 years of age and older).

Please note that these rates are indicative and may change as per the bank’s policy.

Bonus Tip: Are you looking for the best FD plan to meet your savings financial goals? Use the official Indian Bank FD calculator to get an instant return estimate before investing. 

Types of Allahabad Bank FD Schemes

A variety of FD options are offered by Allahabad Bank (now part of Indian Bank) to satisfy various saving objectives, including tax savings, long-term savings, and short-term savings. 

These FD options guarantee that there is a plan that works for all kinds of customers. Check out the FD plans that help you increase your savings.

Features and Benefits of Allahabad Bank FD

Let’s go through the benefits that make these FD schemes appealing:

• You enjoy guaranteed returns (no market risk)
   
• Senior citizens receive an extra interest premium on many tenures.
   
• You can enter with a small sum as the minimum deposit is ₹1,000.
   
• Funds mature on fixed dates, giving predictability.
   
• You can pledge the FD as collateral for a loan.
   
• Auto-renewal ensures continuity without manual intervention.

Comparison of Allahabad Bank FD Rates with Other Banks

Here’s a clear comparison based on the latest FD interest rates (October 2025) for deposits below ₹2 crore:
 

Allahabad Bank is a reliable option because it provides consistent and safe returns for investors in fixed deposits

Eligibility Criteria & Required Documents for Allahabad Bank FD Interest Rates

Eligibility:
 

• Residents (individuals)
   
• Joint accounts
   
• Non-Resident Indians (NRO / NRE)
   
• HUF, firms, trusts, institutions
   

Documents:
 

• Proof of Identity: Aadhaar, Passport, PAN, Voter ID, etc.
   
• Proof of Address: Electricity bill, utility bill, rent agreement, etc
  
  Proof of Age: For Senior Citizens
   
• Recent passport-sized photographs

Tax Implications on Allahabad Bank FD

Interest received on FD is subject to taxes under the "Income from Other Sources" heading.

• TDS (Tax Deducted at Source) is applicable if the interest in a year surpasses ₹40,000 (₹50,000 for senior citizens).
   
• You can file Form 15G/15H to avoid TDS being withheld if your total income is below the taxable amount.
   
• You will receive net interest at maturity after TDS is deducted (if applicable).

Always seek advice from a chartered accountant or tax advisor for your specific situation.

Allahabad Bank FD Premature Withdrawal & Closure Rules

Many FD schemes allow for early withdrawals, but there is a penalty of 1% applied. Premature closure may be prohibited by certain special or promotional FDs.

You will receive interest, but not the full interest, for the time you held the deposit (after the penalty). FDs are frequently automatically renewed at the current rate upon maturity if you do not claim continuation.

How to Invest in Allahabad Bank FD

Here are three options and their steps:

1. Mobile Banking Option
    
   • Open the Indian Bank mobile app and navigate to “Fixed Deposit / Term Deposit”.
      
   • Choose the FD scheme (e.g., IND SECURE, Regular Term).
      
   • Enter the deposit amount, tenure, and choose your interest payout option (monthly, quarterly, or at maturity).
      
   • Add a nominee to ensure easy claim settlement in the future.
      
   • Verify the details and confirm using the OTP received on your registered mobile number.
      
   • Once successful, you’ll receive an e-receipt for your FD instantly.

Click here to download the IndSMART Indian Bank mobile app.
 

2. Internet Banking (Web / Net Banking)
    
   • Log in to Indian Bank Net Banking and go to the “Deposits / Fixed Deposit”.
      
   • Select your preferred FD type, tenure, and interest payout frequency (monthly, quarterly, half-yearly, or cumulative).
      
   • Provide nominee details and review maturity instructions (auto-renewal or closure on maturity).
      
   • Confirm the transaction using your transaction password or two-factor authentication (2FA).
      
   • Download or print your digital FD certificate for records.
      
   • You can also later use this FD as collateral to avail a loan or overdraft facility through net banking.
      
3. Visiting Branch
    
   • Visit the nearest Indian Bank branch with your KYC documents (Aadhaar, PAN, and proof of address).
      
   • Fill the FD application form, specifying the scheme, tenure, interest payout mode, and nominee details.
      
   • Submit the form along with the deposit amount via cash, cheque, or fund transfer.
      
   • If needed, you can pledge your FD as security for a loan or overdraft at the same branch.
      
   • Collect the FD receipt from the branch.
      

By following these simple steps, investors can easily open and manage their Allahabad Bank FDs through any preferred means that guarantee convenience, security, and steady returns.

Conclusion 

Allahabad Bank continues to provide secure, adaptable, and profitable fixed deposit options for customers of all ages. These FDs offer an efficient way of increasing your savings without taking on market risks in the form of competitive interest rates, special schemes like IND SECURE and IND GREEN, and extra benefits for senior and super senior citizens.

Start your investment journey today by exploring the latest FD schemes on the official Indian Bank website and make your savings work smarter and stronger for the future.

FAQs on Allahabad Bank FD Interest Rates

What is the minimum and maximum deposit amount for Allahabad Bank FDs?

The minimum deposit amount is ₹1,000, and there is no fixed upper limit for regular deposits. However, deposits above ₹3 crore are considered bulk deposits and may have different interest rates.

Can I get a loan against my Allahabad Bank FD?

Yes. Indian Bank allows customers to pledge their FD as collateral to get a loan or overdraft facility, typically up to 90% of the FD value.

Do the promotional schemes run all the time?

No. These are limited-period offers. The bank closes them when the offer time or the deposit limit ends.

How can I check my FD balance or maturity date?

You can check it easily using mobile banking, internet banking, or by visiting your branch.

 Can I open an FD for a minor?

Yes. FDs can be opened in the name of a minor by a parent or guardian.
 

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