Indexable
cutting tool (10) comprising a body (30) rotatable about an axis of rotation (C0), an interchangeable
cutting insert (20) attached to the body (30), and a fastening element (40) that secures the
cutting insert (20) to the body (30), wherein the fastening element (40) has a distal end part which is formed with a radially reducing
conical surface (41), wherein the cutting insert (20) has an upper surface (24) and a lower surface (22), each in a rectangular shape, with a pair of longer sides (241, 243) and a pair of shorter sides (242, 244), and a side surface (25) connecting the upper surface (24) and the lower surface (22), wherein a cutting edge (21) is formed in a cutting edge section (241, 242, 243, 244) where the upper surface (24) and the side surface (25) intersect along the longer side (241), wherein the upper surface (24) is formed with a depression (23) which has a bottom (231), wherein at least a part of an inner wall surface of the depression (23) is a curved surface (232) which is curved towards a central axis (C2) of the depression (23), provided that a plane which has the central axis (C2) of the depression (23) and is parallel to the axis of rotation (C0) of the body (30) is taken as a first imaginary
reference plane (IS1), and a plane which has the central axis (C2) of the depression (23) and is perpendicular to the axis of rotation (C0) of the body (30), is taken as a second imaginary
reference plane (IS2), in the depression (23), when it is subdivided into four areas, a first, a second, a third and a fourth area (51, 52, 53, 54) by the first imaginary
reference plane (IS1) and the second imaginary reference plane (IS2), the second area (52) being located on a central side closer to the axis of rotation (C0) of the body (30) and on a proximal side of the body (30) in the depression (23), the
conical surface (41) of the fastening element (40) makes contact (X) with the curved surface (232) in the second area (52), and the fastening element (40) has a central axis line (C1) which is inclined in such a direction that a head part (42) is arranged closer to the midline and proximal side of the body (30) than the distal end part.