Indian Bank’s special FD with higher interest rate extended to this date, hikes interest rates
-
Loading... - Anay Deshpande
- 25 Apr 2023
- 84 Views
- 0 Like
- 0 Comment
Indian Bank, a public sector bank, has extended the special fixed deposit dubbed “IND SUPER 400 DAYS” and has increased its interest rates by 10 basis points. The revised rates are effective from April 20, 2023, as per the bank’s website.
IND SUPER 400 DAYS
Indian Bank had launched this new retail term deposit product called “IND SUPER 400 DAYS” on March 2023 with April 19, as the deadline. Now it has been extended to June 30, 2023. The minimum investment is Rs.10,000 to less than Rs 2 crore for 400 days in the form of FD/MMD with callable options.
Earlier, the bank was offering higher interest rates to women investors under this scheme.
Indian Bank will now offer 7.25% interest rates to the general public, 7.75% to seniors, and 8.00% to super senior citizens.
Indian Bank FD interest rates
Indian Bank offers interest rate between 2.80% to 6.70% for tenure ranging from 7 days to 10 years.
Senior citizen FD rates
The additional rate of interest that will be applicable for domestic term deposits for senior citizens would be 0.50% per year for sums up to Rs. 10 crore. For Short Term Deposits, Fixed Deposits, and Money Multiplier Deposit Schemes, the higher rate would be available on deposits made for 15 days to 10 years over the card rate. The highest interest rate offered to senior citizen is 7.20%
Super senior citizens
The bank offers an additional 0.25% higher rate of interest over & above the additional rate that is now being offered for standard senior citizen on term deposit (0.50+0.25 = 0.75) for deposit bucket "above 5 Years up to 10 Years". Read More…
