Big Returns on FD: Earn ₹27,000 Profit by Investing ₹2 Lakh in This Public Sector Bank

Fixed Deposit (FD) has always been one of the most trusted and widely used savings instruments in India. Whether it is a salaried employee, a business owner, or a retired person, FD is often the first choice when it comes to safe and predictable investments.

The Reserve Bank of India (RBI) has recently decided to keep the repo rate unchanged, which means banks have not cut their FD interest rates. This is good news for investors because many public and private sector banks are still offering attractive FD returns.

Among them, Indian Bank, a leading public sector bank, is currently offering one of the most rewarding FD schemes. If you invest ₹2,00,000 for 2 years, you will earn nearly ₹27,000 as interest, making it a highly profitable yet safe investment option.

Let’s take a detailed look at the FD rates, maturity benefits, and why Indian Bank’s FD can be a smart choice for investors.

Big Returns on FD: Earn ₹27,000 Profit by Investing ₹2 Lakh in This Public Sector Bank

Why Choose FD in Today’s Time?

With inflation on the rise and market-linked investments like stocks and mutual funds carrying higher risks, people are turning towards traditional and secure options. FD provides the following advantages:

  • Guaranteed Income – Your maturity value is predetermined, so there are no surprises.

  • Low Risk – FDs are not affected by market fluctuations.

  • Flexible Tenure – Investors can choose a period from 7 days to 10 years.

  • Better Rates for Seniors – Senior and super-senior citizens enjoy higher interest.

  • Emergency Withdrawal – FDs can be broken before maturity in case of urgent financial needs.

This makes FD one of the safest and most dependable investment options in India.

Indian Bank FD: Current Interest Rates

Indian Bank has recently revised its FD interest rates effective August 1. The rates vary depending on the tenure and the age of the depositor.

  • General Citizens – 2.80% to 6.70%

  • Senior Citizens (60+ years) – Up to 7.20%

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

This structure ensures that both regular and senior investors can benefit based on their financial needs.

₹2 Lakh FD Example – How Much Will You Get?

Let’s calculate returns for a general customer who invests ₹2,00,000 in a 2-year FD at an interest rate of 6.40%.

  • Principal: ₹2,00,000

  • Interest Earned: ₹27,527

  • Total Maturity Value: ₹2,27,527

So, in just 2 years, your savings of ₹2 lakh will grow by ₹27,527, completely risk-free.

Extra Benefits for Senior Citizens

Indian Bank offers higher rates for senior citizens, which helps them generate regular income post-retirement.

For example, if a senior citizen invests ₹1,00,000 for 2 years at an interest rate of 6.90%, the maturity value will be:

  • Principal: ₹1,00,000

  • Interest Earned: ₹14,663

  • Total Maturity: ₹1,14,663

This additional return makes FD an ideal option for retirees seeking safe and steady growth.

Special FD Scheme – 444 Days

Indian Bank also runs a special fixed deposit product known as the Ind Secure Product.

  • Tenure: 444 days

  • Interest Rates:

    • General Citizens: 6.70%

    • Senior Citizens: 7.20%

    • Super Senior Citizens: 7.45%

This scheme is especially popular among short-term investors who don’t want to lock in funds for too long but still want higher returns.

How to Open an FD with Indian Bank

Opening an FD is very simple and can be done both online and offline.

Offline Process

  1. Visit the nearest Indian Bank branch.

  2. Fill in the FD application form.

  3. Submit identity proof (Aadhaar/PAN) and passport-size photo.

  4. Deposit money via cash, cheque, or transfer.

Online Process

  1. Log in to Internet Banking or the Indian Bank Mobile App.

  2. Go to “Fixed Deposit” section.

  3. Enter investment amount, tenure, and payout option.

  4. Confirm payment and the FD will be created instantly.

Tax on FD Returns

FD interest is taxable as per the income tax slab of the depositor.

  • If annual interest crosses ₹40,000 (₹50,000 for senior citizens), banks deduct TDS.

  • Investors with lower income can submit Form 15G/15H to avoid TDS deduction.

Thus, while FD is safe, investors must plan considering post-tax returns.

Who Should Invest in Indian Bank FD?

FD is suitable for:

  • Individuals who want risk-free growth.

  • Retired people seeking stable returns.

  • Families saving for short- or medium-term goals.

  • Conservative investors who prefer guaranteed earnings.

Comparison with Other Options

  • Stock Market → High returns but high risk.

  • Mutual Funds → Market-linked, no fixed guarantee.

  • Gold/Property → Hedge against inflation but less liquid.

  • FD → Secure, guaranteed, and easy to manage.

Clearly, FD balances safety + reasonable returns, making it the safest bet for cautious investors.

Final Thoughts

Public sector banks like Indian Bank continue to offer attractive FD interest rates despite the current economic conditions.

👉 By investing ₹2,00,000 for 2 years, you can earn ₹27,527 as profit—safe, guaranteed, and without market risk.
👉 Senior citizens enjoy even higher interest rates, making it an excellent retirement investment option.

If you want to grow your savings safely while securing predictable returns, Indian Bank FD is a solid and trustworthy choice.

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