Indian Bank FD Rate : Public sector bank Indian Bank has increased its interest rates on Fixed Deposit. Indian Bank has increased the FD by 90 basis points i.e. up to 0.90 percent.
These new new rates have come into effect from 29 October 2022. Indian Bank has increased interest rates by up to 90 bps on deposits with maturity of 1 year to 5 years or more after the revision.
Here is the new interest rates on FD
7 to 14 days – 2.80 percent
15 to 29 days – 2.80 percent
30 to 45 days – 3.00 percent
46 to 90 days – 3.25 percent
91 to 120 days – 3.50 percent
121 to 180 days – 3.85 percent
181 days less than 9 months – 4.50 percent
Less than 9 months to 1 year – 4.75 percent
1 year – 6.10 percent
Above 1 year to less than 2 years – 6.30 percent
2 years to less than 3 years – 6.50 percent
3 years to less than 5 years – 6.40 percent
5 years – 6.40 percent
Above 5 years – 6.30 percent
Senior citizens will get so much interest
For senior citizens, deposits up to Rs 10 crore on domestic FDs will attract an additional interest rate of 0.50% per annum. For senior citizens aged 60 years and above, FDs of more than 5 years and up to 10 years will get an additional 0.25% interest.
Senior citizens of 80 years will get these benefits
Very senior citizens i.e. those aged 80 years and above will get an additional 0.25% interest under IB Golden Age Special Term Plan. This will be given on top of the interest received by the senior citizens.
