FD interest rate up to 8%: Indian Bank extends special FD deadlines to this date
Indian Bank, a public sector bank, has extended the deadline to invest in its special fixed deposit offering higher interest rates. These special FDs are called “Ind Super 400” and “Ind Supreme 300 days”.What is the last date to invest in Indian Bank special FDs
The last date has been extended to June 30, 2024. Earlier the date was May 3, 2024.
Ind Super 400 Days
Special Retail Term Deposit Product, “IND SUPER 400 DAYS,” offers a higher rate of interest for investments starting from Rs.10000 to less than 2 Crore for 400 days in the form of FD/MMD with callable options.
Indian Bank will now offer 7.25% interest rates to the general public, 7.75% to seniors, and 8.00% to super senior citizens.
IND SUPER 400 DAYS -Rate of Interest (% p.a) Rate of Interest (% p.a)
Public 7.25 %
Senior Citizen 7.75 %
Super Senior Citizen8.00 %
Ind Super 300 Days
A Special Retail Term Deposit Product, “IND SUPREME 300 DAYS,” offers an attractive rate of interest for investments starting from Rs.5000 to less than 2 Crore for 300 days in the form of FD/MMD with callable options.
Indian Bank will now offer 7.05% interest rates to the general public, 7.55% to seniors, and 7.80% to super senior citizens.
Category Rate of Interest ( %p.a)Public 7.05 %
Senior Citizen 7.55 %
Super Senior Citizen7.80 %
Indian Bank FD interest rates
PeriodLess than ₹2 croreExisting (% p.a)Revised (% p.a)7 days to 14 days2.82.815 days to 29 days2.82.830 days to 45 days3346 days to 90 days3.253.2591 days to 120 days3.53.5121 days to 180 days3.853.85181 days to less than 9 months4.54.59 months to less than 1 year4.754.75Ind Supreme 300 Days—7.05(w.e.f 03.05.24 -30.06.24)1 year6.16.1Above 1 year to less than 2 years6.36.3Ind Super 400 Days—7.25(w.e.f 03.05.24 -30.06.24)2 years to less than 3 years6.56.73 years to less than 5 years6.256.255 year6.256.25Above 5 years6.16.1
IB – Golden Ager
According to the Indian bank website, “ A Special Term Deposit Account for Super Senior Citizen” (Age 80 years and above) is offering additional 0.25% higher rate of interest over & above the additional rate that is presently being offered for normal Senior Citizen on Term Deposit for all deposit buckets.”
This story originally appeared on: India Times - Author:Faqs of Insurances
