Maturity: ₹51,575 at 6.25% p.a. Interest earned: ₹1,575. Senior citizen maturity: ₹51,702.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
A ₹50K Fixed Deposit in Indian Bank for 6 Months at 6.25% p.a. (quarterly compounding) will mature to ₹51,575. You earn ₹1,575 as interest, giving a total return of 3.1% on your investment.
At 6.25% p.a. (quarterly compounding), ₹50K FD in Indian Bank for 6 Months matures to ₹51,575. Interest earned: ₹1,575. Senior citizen maturity: ₹51,702 at 6.75%.
Indian Bank offers 6.25% p.a. for general citizens and 6.75% p.a. for senior citizens on 6 Months Fixed Deposit. The rate applies regardless of the deposit amount.
For ₹50K at 6.25% for 6 Months, you would earn approximately ₹1,575 as interest, making total maturity ₹51,575. Senior citizens earn ₹1,702 at 6.75%.
Yes, premature withdrawal is allowed. Indian Bank's policy: 1% penalty on applicable rate. You will receive a reduced interest rate on early withdrawal.
Compare with other banks on this page to find the best rates. Bank FDs offer DICGC insurance up to \u20B95 Lakh. Consider both rate and safety.