Special FD rate up to 7.65%: Indian Bank revises IND SECURE FD rates for limited period

India's coal import drops 4% to 24.95 MT in April

Indian Bank has revised the interest rates on its IND SECURE fixed deposits (FDs) for a limited period. The new rates, which are higher than the previous rates, will be applicable to FDs booked on or after April 20, 2024.

The maximum special FD rate offered by Indian Bank is 7.65% per annum (p.a.) for tenures of five years or more. This rate is applicable to FDs of Rs 50 lakh or more. For FDs of Rs 10 crore or more, the bank is offering an FD rate of 7.50% p.a. for tenures of five years or more.

The new interest rates on Indian Bank's IND SECURE FDs are as follows:

Tenure | Special FD Rate (p.a.) —————————————————————————————————————— 5 years or more Rs 50 lakh and above 7.65% 5 years or more Rs 10 crore and above 7.50% 3 years to less than 5 years Rs 50 lakh and above 7.35% 3 years to less than 5 years Rs 10 crore and above 7.20% 1 year to less than 3 years Rs 50 lakh and above 7.00% 1 year to less than 3 years Rs 10 crore and above 6.80% 9 months to less than 1 year Rs 50 lakh and above 6.50% 9 months to less than 1 year Rs 10 crore and above 6.30% 6 months to less than 9 months Rs 50 lakh and above 6.00% 6 months to less than 9 months Rs 10 crore and above 5.80% less than 6 months Rs 50 lakh and above 5.50% less than 6 months Rs 10 crore and above 5.30%

The special FD rates are being offered for a limited period only. They are also subject to change without prior notice.

Here are some of the key highlights of the special FD rates:

* The maximum special FD rate is 7.65% p.a., which is applicable to FDs of Rs 50 lakh or more for tenures of five years or more.

* The minimum special FD rate is 5.30% p.a., which is applicable to FDs of Rs 10 crore or more for tenures of less than six months.

* The special FD rates are higher than the regular FD rates offered by Indian Bank.

* The special FD rates are being offered as part of Indian Bank's effort to attract deposits and provide competitive interest rates to its customers.

Those interested in learning more about the special FD rates or opening an FD account with Indian Bank can visit the nearest branch or the official website for more details.