Indian Bank Increases Fixed Deposit Interest Rates

The interest rate on fixed deposits at the state-owned Indian Bank has been raised, with effect from August 4.

The most recent rates will apply to fixed deposits of less than Rs 2 crore.

9 months to less than a year - 4.40 percent for the general public; 4.90 percent for senior citizens

1 year - 5.30% for the general public; 5.80% for senior citizens

181 days to less than 9 months - 4.00% for the general public; 4.50% for senior citizens

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