Indian Bank, a prominent government sector bank, has made a significant announcement. The bank has removed the deadline for its 400-day special FD scheme that offers high interest rates. This means that customers can invest in this scheme at any time and receive high returns. Let’s take a closer look at the details.
Indian Bank has good news for those who want to earn high interest on their savings. The bank has removed the expiry dates for two special FD schemes that offered high interest rates. This means that customers can invest in the Ind Super 400 Days and Ind Super 300 Days schemes anytime and receive up to 8% interest.
These schemes had expired on February 2, 2024, but Indian Bank has not announced any new deadline for them. Additionally, all previously announced deadlines have been removed from the bank’s website.
Indian Bank FD Rates 2024
Indian Bank is offering fixed deposit schemes with varying interest rates to its customers. For general customers, the interest rates range from 2.80 percent to 7.25 percent based on the maturity tenure of the deposit, which can be anywhere from 7 days to 10 years.
Senior citizens are eligible for an additional 50 basis points of interest on the same schemes. Moreover, the Indian Bank has introduced a Golden Ager Special Term Deposit Account for super senior citizens that offers an additional 0.25 percent interest. This means that the total interest rate for super senior citizens is 0.75 percent higher than that offered to general customers.
Indian Bank Ind Super 400 Days Deposit Scheme 2024
Indian Bank is offering a Special Retail Term Deposit Scheme called Ind Super 400 days, which provides the highest interest rates. The scheme allows investments ranging from 10 thousand to Rs. 2 crores with a maturity period of 400 days.
General customers can avail an interest rate of 7.25 percent, while senior citizens can earn 7.75 percent interest. Additionally, super senior citizens can earn interest at the rate of 8 percent.
Indian Bank Ind Supreme 300 Days Deposit Scheme 2024
Indian Bank is now offering a retail term deposit scheme called India Supreme 300 Days Special. This scheme allows individuals to invest between Rs. 5,000 to Rs. 2 crores for a period of 300 days.
The scheme offers 7.05 percent interest to the general public, 7.55 percent interest to senior citizens above 60 years of age, and 7.80 percent interest to super senior citizens above 80 years of age. Additionally, the scheme provides the option of premature withdrawal.