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Indian Bank hikes interest rates on fixed deposits (FDs) by up to 90 bps
Indian Bank, a leading public sector lender, increased interest rates on fixed deposits below ₹2 crore. The new rates are in effect as of today, October 29, 2022, according to the bank's official website. Following today's change, deposits maturing in 2 years to less than 3 years will now earn a maximum interest rate of 6.50% at Indian Bank. The bank will continue to give an interest rate of 4.75% on fixed deposits maturing in 9 months to less than 1 year, but it has increased the rate from 5.50% to 6.10%—a 60 bps increase—on deposits maturing in 1 year. View Full Image Indian Bank FD Rates (indianbank.in) For deposits up to ₹10 crore, an additional rate of interest of 0.50% per year would be paid on domestic term deposits for senior citizens. for super senior citizens (80 Years and above). Source - MINT
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