The bank will now offer interest rates ranging from 2.80 per cent to 5.75 per cent on fixed deposits with maturities ranging from 7 days to 10 years. The bank has increased the interest rate on one-year fixed deposits by 15 bps to 5.45 per cent from 5.30 per cent. For tenures of more than one year to less than two years, the interest rate has been increased from 5.40 per cent to 5.50 per cent, an increase of 10 basis points. The interest rate of the bank was increased by 5 basis points to 5.55 per cent for 2 to 3 years.
On FD terms of 3 years to less than 5 years, Indian Bank has the highest interest rate of 5.75 per cent as against 5.60 per cent earlier. After amendment, for tenure of 5 years and above, it provides 5.65 per cent.
Indian Bank FD Interest Rates
Interest rates for tenures of less than one year have not been changed. The revised interest rates on domestic fixed deposits are applicable only for fresh deposits and renewal of mature deposits.
According to the website, “A special offer for Senior Citizens (60 years and above): Fixed Deposit for General Senior Citizens (0.50 + 0.25 = 0.75) from 5 Years to 10 Years plus Deposit Bucket.”
Indian Bank’s IB – Golden Edger
According to the website, the bank offers a special fixed deposit account for super senior citizens (age 80 years and above), which offers an additional 0.25% higher interest rate on the term which is currently available for normal senior citizens. is being introduced. Deposits for all deposit buckets.