Fixed Deposit Scheme: Indian Bank has revised the interest rates on FDs of less than Rs 2 crore and these new interest rates will be effective from December 19, 2022.
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Fixed Deposit Interest Rate : If you like to invest in fixed deposits, then you can get good returns by investing in FD of Indian Bank with 7.15 percent interest. For this only you have to invest for 555 days only. Indian Bank has reduced interest rates on FDs of less than Rs 2 crore.interest rates) has been amended and these new interest rates will be effective from December 19, 2022. Indian Bank IND SHAKTI 555 DAYS Has launched a special FD scheme by the name of Rs. In which a minimum amount is Rs 5000 and will run for 555 days with an interest rate of 7.00% for general public and 7.15% for senior citizens.
Explain that in this scheme, starting from Rs 5000 for 555 days, higher interest rates are being offered for investment of less than 2 crores. The bank is offering an interest rate of 2.80% on FDs maturing in the next 7 to 29 days, and Indian Bank is offering an interest rate of 3.00% on FDs maturing in the next 30 to 45 days. On FDs maturing in 46 days to 90 days, Indian Bank is offering an interest rate of 3.25%, and on FDs maturing in 91 days to 120 days, the bank is promising an interest rate of 3.50%.
FDs with maturity between 121 and 180 days will now fetch 3.85% interest, while FDs with maturity of 181 and less than nine months will now fetch 4.50% interest. The bank is offering an interest rate of 4.75% on FDs maturing in 9 months to less than 1 year, while Indian Bank is offering an interest rate of 6.10% on FDs maturing in 1 year.
The interest rate offered by Indian Bank is 6.30% for FDs of less than 2 years and less than 3 years, and 6.50% for FDs of less than 2 years and less than three years. FDs maturing in the next three to five years will now have to pay 6.25% interest, while those maturing in the next five years or more will now have to pay 6.10% interest.
Indian Bank FD Rates
An additional interest rate of 0.50% per annum will be paid on domestic FDs for senior citizens for FDs up to 10 crores. FDs made for 15 days to 10 years will be available at a higher rate over and above the standard rate. For FD buckets above 5 years and up to 10 years, an additional 0.25% higher interest rate will be provided over and above the additional rate (0.50 + 0.25 = 0.75) that is already offered to regular senior citizens on FDs.
Interest will be available at the rate of 50 bps
A special FD account for Super Senior Citizens (80 years and above) “IB- Golden Ageer” is offered by Indian Bank, promising an additional interest rate of 0.25% over and above the current rate of 0.50% or 50 bps does. Standard on Fixed Deposits for all maturity periods introduced for senior citizens.
English News Headline : Indian Bank Started Fixed Deposit Scheme IND SHAKTI 555 DAYS.