Indian bank fd interest rates 2022

Interest Application • quarterly or monthly basis with a discount Salient Features • A time deposit for a fixed period to earn interest with easy liquidity Min Amt • Minimum Deposit- Rs.1000/- Max Amt • No Maximum Min Period • Minimum 6 months, Maximum 10 years • Senior Citizens are eligible for additional rate of 0.50% p.a for an aggregate amount up to Rs.10 crore. • However, no single deposit to be opened in a day for more than Rs 2 Cr within the overall limit of Rs 10 Cr tagged to a single CIF. • The above ceiling is applicable to all types of term deposits standing in the name of the Senior Citizen as the principal account holder at one or more branches put together. Other Requirements/Details • Automatic renewal facility for equal period • Loan / nomination /pre closure facilities available.

Public sector banker, Indian Bank has increased its interest rates on fixed deposits for some tenures with effect from October 4. The FD rates are hiked by 5 basis points to 50 basis points. The bank has a special term deposit plan for 610 days where it offers about 6.25% to senior citizens. The increase in FD rates is in line with RBI's 50 basis points hike in repo rate to 5.9%. The bank raised FD rates by 10 basis points on 121 days to 180 days tenures to 3.85% from 3.75%. Further, it hiked rates by 35 basis points to 4.75% on 9 months to less than 1-year tenure compared to the previous 4.40%. Meanwhile, the The highest hike is made on tenure 181 days to less than 9 months, under which, the bank offers a 4.5% rate compared to the previous 4%. On the other hand, the remaining rates were unchanged. The bank continues to offer a 2.8% rate each on 7 days to 14 days and 15 days to 29 days tenures. A 3% rate is given on 30 days to 45 days tenures, while the interest rate is 3.25% and 3.50% on 46 days to 90 days and 91 days to 120 days tenures respectively. On above 1 year but less than 2 years tenure, the bank gives a 5.5% rate which remains unchanged. Whereas the rate is 5.75% on 3 years to less than 5 years tenures -- which is the highest rate offered by the bank on FDs below ₹2 crore. Further, you can earn up to a 5.65% rate on 5 years and above tenures. On its website, Indian Bank intimated about a special term deposit plan namely “IND USTAV 60". This scheme has a tenure o...

The interest rates mentioned above also apply to NRE term deposits, the Tax Saver Program, and the Capital Gains Program Type B (Term Deposits) 1988 Program. The revised domestic term deposit interest rates apply to new deposits and renewals of maturing deposits. Senior Citizen Domestic Term Deposit Account According to the Indian Bank website, senior citizens will receive an additional rate of interest for short-term deposits, permanent deposits, and money multiplier deposit programs for sums up to Rs 10 crore for all tenors of 0.50 percent annually. “A special offer for Senior Citizens (Aged 60 years & above) was offered an additional 0.25% higher rate of interest over & above the additional rate that is presently being offered for normal Senior Citizen on Term Deposit (0.50+0.25 = 0.75) for deposit bucket “above 5 Years up to 10 Years,” according to the bank. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

The bank will now offer interest rates ranging from 2.80 percent to 5.75 percent on fixed deposits, with maturities ranging from 7 days to 10 years. The bank has raised the interest rate on one-year fixed deposits by 15 bps to 5.45 percent, up from 5.30 percent. The interest rate for tenures of more than one year to less than two years has been raised to 5.50 percent from 5.40 percent, a 10 basis point increase. The bank interest rate was raised by 5 basis points to 5.55 percent on terms of 2 to 3 years. Interest rates of tenures below one year have not been changed The revised interest rates on domestic term deposits are applicable only to fresh deposits and on renewal of maturing deposits. According to the website, "A special offer for Senior Citizens (Aged 60 years & above) : An additional 0.25% higher rate of interest over & above the additional rate that is presently being offered for normal Senior Citizen on Term Deposit (0.50+0.25 = 0.75) for deposit bucket above 5 Years up to 10 Years." Indian Bank’s IB – Golden Ager As per the website, the bank offers a special term deposit account for Super Senior Citizen (Age 80 years and above) offers an additional 0.25% higher rate of interest over and above the additional rate that is currently being offered for normal Senior Citizens on Term Deposit for all deposit buckets.

Indian Bank, a public sector lender, increased interest rates on fixed deposits below ₹2 crore. The bank's website states that the revised rates are effective as of 04.08.2022. The bank increased interest rates on fixed deposits with one-year maturity after the revision. The bank currently offers interest rates on deposits with maturities ranging from 7 days to 5 years and over that range from 2.80 per cent to 5.60 per cent for the general public and 3.30 per cent to 6.10 per cent for senior citizens. Indian Bank FD Rates On deposits maturing in 7 days to 29 days, the bank will continue to offer an interest rate of 2.80% and on fixed deposits maturing in 30 days to 45 days the bank will continue to offer an interest rate of 3%. Indian Bank will now offer an interest rate of 3.25% on fixed deposits maturing in 46 days to 90 days and the bank will continue to offer an interest rate of 3.50% on term deposits maturing in 91 days to 120 days. Fixed deposits maturing in 121 days to 180 days will continue to offer an interest rate of 3.75% and term deposits maturing from 181 days to less than 9 months will continue to offer an interest rate of 4.00%. The bank will continue to give an interest rate of 4.40 per cent on deposits maturing in 9 months to less than 1 year, and it has increased its interest rate from 5.25 per cent to 5.30 per cent on deposits maturing in 1 year by 5 basis points. Deposits of more than one year and less than two years will continue to give a 5.40 per cen...