Last Chance! Indian Bank & IDBI Bank Special FDs With Up to 7.45% Interest – Deadline Nears

Unlock high FD returns with limited-period schemes from Indian Bank and IDBI Bank before September 2025.

What if your savings could grow at 7.45% interest rates without market risk? Indian Bank and IDBI Bank launched special fixed deposit (FD) schemes in 2024 with higher interest rates than regular FDs. 

These schemes are open till September 30, 2025. For investors looking for safe and predictable returns, these are among the best FD offers in India right now.

Indian Bank Special FD Interest Rates 2025: What’s On Offer

Indian Bank has introduced two exclusive schemes: Ind Secure and Ind Green. These FDs are designed for those who want better returns for a fixed tenure.

Both schemes are available only till September 30, 2025. The schemes include Utsav Callable FD and Chiranjeevi FD. These are designed to meet different investor categories, with the Chiranjeevi FD focusing on super-senior citizens. 

Here is the interest rate structure:
 

Indian Bank customers get attractive options with clear tenures. For super-senior citizens, 7.45% on Ind Secure is among the highest FD rates offered by any bank in 2025.

Best Indian Bank And IDBI FD Schemes: Comparing The Two

When comparing Indian Bank and IDBI Bank FDs, both are strong choices. Indian Bank offers slightly higher rates for super-seniors. IDBI Bank provides flexibility through multiple schemes.

Here is a quick comparison:
 

Investors looking for the absolute best rate in 2025 may prefer Indian Bank. Those wanting variety in tenure may go for IDBI Bank.

Why These FD Schemes Are Safe Investments

Fixed deposits are among the safest savings tools in India. They guarantee both the principal and interest. Unlike equities or mutual funds, there is no volatility.

Indian Bank and IDBI Bank are both backed by government ownership and long track records. This strengthens customer confidence.

The extra interest rate makes these schemes more rewarding than usual fixed deposits.

Tax Planning With Special Fixed Deposits

Fixed deposits are safe, but investors must also plan for taxation. The interest earned from both Indian Bank FDs and IDBI Bank FDs is fully taxable under the Income Tax Act. Banks deduct tax at source (TDS) if the annual interest crosses the prescribed limit. For general depositors, this can reduce the final return.

Senior citizens, however, get extra relief. Under Section 80TTB, senior citizens can claim a deduction of up to ₹50,000 on interest income from deposits. This makes the special FD schemes more rewarding for them. Super-senior citizens also benefit, as their higher FD interest falls under the same rule.

Investors should submit Form 15G or Form 15H, wherever applicable, to avoid unnecessary TDS deduction. Those in higher tax brackets may consider splitting deposits across family members to optimise liability. Since the deadline for these special schemes is September 30, 2025, savers have time to plan wisely. With proper tax planning, the effective return on these FDs can be even better.

Smart Ways To Use FD Returns For Financial Goals

FDs are not only about safe parking of money. The returns can be linked to financial goals. For instance, a depositor can use the maturity amount from Indian Bank’s 444-day Ind Secure FD to fund short-term needs such as education fees, travel plans or medical reserves.

Senior citizens may use interest payouts from IDBI Bank’s Chiranjeevi FD as monthly income to cover living costs. By opting for quarterly or monthly interest payouts, retirees can create a stable cash flow without touching the principal. Families saving for weddings or home renovations in the next two years can also align these FD maturities with their timelines.

Another smart option is laddering deposits. Instead of investing the entire sum in one scheme, savers can divide money across both banks and multiple tenures. This spreads maturity dates and reduces risk of reinvesting everything at lower future rates. With the high returns of up to 7.45% locked till September 2025, laddering gives both safety and flexibility.

Conclusion

The special FD offers from Indian Bank and IDBI Bank in 2025 are among the best opportunities for safe savings. With interest rates of up to 7.45%, they are rewarding for all customers, especially seniors.

The September 30, 2025 deadline means the window is limited. Investors should act soon to lock in these high returns. For anyone looking for safe, reliable, and attractive savings, these fixed deposits are a smart choice.

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