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This Public Sector Bank Revises Interest Rates On FD: Check Latest Rates Here

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Indian Bank offers a fixed or term deposit scheme to both regular and senior citizens where they can deposit a fixed amount starting from Rs.1000/- with no limit for a maturity tenure of 6 months to 10 years in order to gain decent interest rates which are payable on a quarterly or monthly basis by the bank. On such deposits, senior citizens are eligible for an additional rate of 0.50% p.a for an aggregate amount up to Rs.10 crore. The bank has recently revised its interest rates on fixed deposits and the new rates are in force from 05.11.2021.

 

Indian Bank FD Rates For Regular Customers

Indian Bank FD Rates For Regular Customers

Regular customers who deposit less than Rs 2 crore will now receive a rate of 2.80 percent to 5.25 percent on deposits maturing in 7 days to 5 years. The following are the most recent interest rates on fixed deposits offered by Indian Bank to the general public, effective from November 5, 2021.

PeriodInterest rates in % per annum
7 days to 14 days2.8
15 days to 29 days2.8
30 days to 45 days2.8
46 days to 90 days3.25
91 days to 120 days3.35
121 days to 180 days3.5
181 days to less than 9 months4
9 months to less than 1 year4.4
1 year4.95
Above 1 year to less than 2 years5
2 years to less than 3 years5.1
3 years to less than 5 years5.2
5 year5.25
Above 5 years5.15
Source: Bank Website. With effect from 05.11.2021

Indian Bank FD Rates For Senior Citizens
 

Indian Bank FD Rates For Senior Citizens

On their Short Term Deposits, Fixed Deposits, and Money Multiplier Deposit Schemes, senior citizens will continue to get an additional rate of 0.50 percent p.a. for amounts up to '10 crore for all tenors over the card rate. The latest interest rates on fixed deposits provided by Indian Bank to elderly persons, effective November 5, 2021, are listed below.

PeriodInterest rates in % per annum
7 days to 14 days3.3
15 days to 29 days3.3
30 days to 45 days3.3
46 days to 90 days3.75
91 days to 120 days3.85
121 days to 180 days4
181 days to less than 9 months4.5
9 months to less than 1 year4.9
1 year5.45
Above 1 year to less than 2 years5.5
2 years to less than 3 years5.6
3 years to less than 5 years5.7
5 year5.75
Above 5 years5.65
Source: Bank Website. With effect from 05.11.2021

Indian Bank FD Rates On Deposits of Rs 2 Cr to Rs 5 Cr

Indian Bank FD Rates On Deposits of Rs 2 Cr to Rs 5 Cr

PeriodInterest rates in % per annum
7 days to 14 days2.9
15 days to 29 days2.9
30 days to 45 days2.9
46 days to 90 days2.9
91 days to 120 days2.9
121 days to 180 days2.9
181 days to less than 9 months3.25
9 months to less than 1 year3.25
1 year3.55
Above 1 year to less than 2 years3.25
2 years to less than 3 years3.25
3 years to less than 5 years3.25
5 year3.25
Above 5 years3.25
Source: Bank Website. With effect from 05.11.2021

Story first published: Monday, November 8, 2021, 12:56 [IST]
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