Introduction
Indian Bank is making headlines as it introduces two special Fixed Deposit (FD) schemes known as Ind Super 400 days and Ind Super 300 days. These new offerings are tailored to meet the needs of millions of customers by providing attractive interest rates. Customers can take advantage of these special FDs until November 30th, with an incredible 8% interest rate on the Ind Super 400 days scheme. Let’s delve deeper into these offers.
Ind Super 400 Days FD Scheme
The Ind Super 400 days FD scheme is a unique callable FD, allowing customers the flexibility to withdraw their money before the maturity date. Customers have the option to invest amounts ranging from ₹10,000 to ₹2 crore. The interest rates for this scheme cater to a diverse group, offering 7.25% for the general public, 7.75% for senior citizens, and a generous 8% for super senior citizens. This scheme is available for investment until November 30th, making it an attractive option for individuals and families looking to grow their savings.
Ind Super 300 Days FD Scheme
Launched on July 1, 2023, the Ind Super 300 days FD scheme is another enticing offer by Indian Bank. Customers can invest amounts starting from ₹5,000 up to just under ₹2 crore. The interest rates for this scheme range from 7.05% to 7.80%, making it an excellent choice for those looking to make the most of their investments over a shorter duration. For regular customers, the interest rate stands at 7.05%, while senior citizens earn 7.55%, and super senior citizens benefit from a maximum rate of 7.80%.
Revised Interest Rates on Regular FD
In addition to the special FD schemes, Indian Bank has revised its interest rates on regular FDs, which has brought favorable rates for different tenures. Below is a comprehensive table detailing the revised interest rates for regular Fixed Deposits:
| Period | Less than ₹3 Crore |
| Revised Rate | |
| (in% per annum) | |
| 7 days to 14 days | 2.80 |
| 15 days to 29 days | 2.80 |
| 30 days to 45 days | 3.00 |
| 46 days to 90 days | 3.25 |
| 91 days to 120 days | 3.50 |
| 121 days to 180 days | 3.85 |
| 181 days to less than 9 months | 4.50 |
| 9 months to less than 1 year | 4.75 |
| 300 days (Ind Super Product) | 7.05% |
| 1 year | 6.10% |
| 400 days (Ind Super Product) | 7.25% |
| More than 1 year to less than 2 years | 7.10% |
| 2 years to less than 3 years | 6.70% |
| 3 years to less than 5 years | 6.25% |
| 5 years | 6.25% |
| Above 5 years | 6.10% |
Conclusion
With these special FD schemes, Indian Bank is not only offering competitive interest rates but also catering to the varying needs of its customers. Whether you are a regular investor or a super senior citizen looking for an attractive investment opportunity, these schemes are designed to provide flexibility and lucrative returns. Don’t miss the chance to secure your financial future by investing in these special FDs before the deadline!
