There is good news for the customers of Indian Bank. The bank has now decided to give more interest to those who make FD here. Indian Bank has now increased interest rates by 15 basis points.
Indian Bank will now offer interest ranging from 2.80% to 5.75% on maturities ranging from 7 days to 10 years. The bank will now offer the highest interest of 5.75 per cent on FDs made with maturity between 3 to 5 years. Let us tell you that the increased new rates are applicable from August 24.
New interest rates of Indian Bank
Indian Bank has increased the interest rates by 15 basis points for FDs made on maturity of 1 year. Now the bank will pay an interest of 5.45% instead of 5.30 per cent on maturity of 1 year. The same bank has increased the interest rates by 10 basis points on FDs made with maturity from 1 to less than 2 years. Now the bank will give 5.50% interest instead of 5.40 on FDs of 1 to less than 2 years. Whereas the bank has increased the interest rates by 5 basis points to 5.55 per cent for FDs made on maturity of 2 to 3 years.
For super senior citizens, the bank will give a separate interest of 0.25%
According to the official website of Indian Bank, the bank will now pay 0.25% more interest on term deposits to citizens of 80 years and above than ordinary citizens. Whereas the bank will now pay the highest interest of 5.75 percent for FDs made on maturity from 3 to 5 years. Earlier, the bank used to give an interest of 5.60 per cent on FDs made for the same tenure. The bank is now going to pay an interest of 5.65% on all tenors of more than 5 years.
