Indian Bank, one of the country’s leading public sector banks, has given great news to its customers. Indian Bank has also increased its FD interest rates. The decision to increase FD interest rates has been taken by the bank on FDs of less than Rs 2 crore. These new rates have come into effect from 4th July 2022.
New Delhi. The present time seems to be proving to be much better in terms of getting FD. If you have got an FD, or are planning to get an FD, then at this time you can make a great profit. Actually, after the increase in the repo rate by RBI, many banks are increasing the FD rate. Now the names of two more banks have also been included in the list of increasing FD interest rates.
Indian Bank increased the interest rate on FD
Indian Bank, one of the country’s leading public sector banks, has given great news to its customers. Indian Bank has also increased its FD interest rates. The decision to increase FD interest rates has been taken by the bank on FDs of less than Rs 2 crore. These new rates have come into effect from 4th July 2022. The bank is offering customers an interest rate ranging from 2.80 percent to 5.60 percent on FDs up to Rs 2 crore.
How much interest is the bank paying on FD for how many days?
Indian Bank is giving its customers the benefit of 2.80 percent interest rate on FDs of 7 to 14 days. Whereas on 1 year FD, you will get the benefit of 5.10 to 5.25 percent interest rate. At the same time, 5.35 percent to 5.60 percent interest is being given to customers on FDs ranging from 3 to 5 years.
On FD of 5 years, customers will get the benefit of 5.35 percent to 5.60 percent interest. Whereas, on FDs with a tenure of more than 5 years, customers will be given the benefit of 5.35 percent to 5.60 percent interest from the bank.
This bank also increased the interest on FD
Earlier, Punjab National Bank had also increased the interest rates of FD, giving good news to its customers. The benefit of this increase will be given to the customers who have made FD of less than Rs 2 crore. According to the information given on the bank’s website, the new FD rates will be effective from July 4, 2022.
