Indian Bank launches special fixed deposit of 555 days with returns up to 7.15%
The public sector lender Indian Bank has revised interest rates on fixed deposits of less than ₹2 Cr
Indian Bank has mentioned on its website that “Special Retail Term Deposit Product “IND SHAKTI 555 DAYS"
The bank is giving an interest rate of 2.80% on deposits that mature in the next 7 to 29 days
Indian Bank is offering an interest rate of 3.00% on deposits that mature in the next 30 to 45 days
The bank is giving an interest rate of 4.75% on FDs maturing in 9 months to less than 1 year
The interest rate offered by Indian Bank is 6.30% for deposits maturing in less than 2 years
An additional rate of interest of 0.50% per year would be paid on domestic term deposits for senior citizens.