If you also want to get strong returns in a safe way by investing in Fixed Deposits, then this news is for you only. In fact, before Holi, the public sector Indian Bank has come up with a special FD scheme for investors.
The name of this scheme launched after the increase in repo rate by RBI is ‘IND SUPER 400 DAYS’. The maturity period in this special FD scheme will be 400 days.
According to the website of Indian Bank, the special retail term deposit product ‘IND Super 400 Days’ has been launched from 6 March. The maturity period in this special FD scheme will be 400 days. An amount ranging from Rs 10,000 to less than Rs 2 crore can be invested in this. The scheme is available to women investors and is open to others as well. Under this scheme, the bank offers 0.05 per cent higher interest rate to women investors. This scheme is valid till April 30, 2023.
Recently Indian Bank has increased FD rates
Recently Indian Bank has increased the interest rates on FDs of less than Rs 2 crore. After this increase, the bank is giving up to 6.70 percent interest to its customers. Increased new interest rates of the bank on 4 March. Applicable from 2023.
Many banks have increased FD rates.
It is noteworthy that on February 8, RBI had increased the repo rate by 0.25 percent. After the increase in the repo rate, many government and private banks of the country have increased their FD rates. Many banks like SBI, ICICI Bank, HDFC Bank, Yes Bank have increased interest on FDs in recent times.
