High Interest FD: Indian Bank has revised its FD rates in the month of May. Along with this, two new special FD schemes have also been launched, which are offering high interest. Let us know about them in detail.
High Interest FD: Amidst heavy volatility in the stock market, investors are looking for other investment options. In such a situation, bank fixed deposit schemes can be a great option for them. It gives fixed interest in advance and the risk is very low. At the same time, banks also launch special FD schemes from time to time to attract customers. Meanwhile, government bank Indian Bank has revised its FD interest rates. Along with this, two new FD schemes have also been announced. These new schemes are named IND SECURE and IND GREEN. However, the bank has discontinued its famous FD schemes that complete in 400 days and 300 days.
Indian Bank FD Interest Rate
After the revision by the Public Sector Undertaking (PSU) bank, the interest rate on FD has become between 2.80 percent per annum to 7.15 percent per annum. This also includes interest on fixed deposits of less than Rs 3 crore for general citizens. The lowest FD of 7 to 15 days is getting 2.8 percent interest, while the highest interest rate of 7.15% is being offered on FD of 444 days.
Highest interest on this FD?
Let us tell you that Indian Bank has launched IND SECURE Retail Hot Deposit Product Scheme on 8 May. This is an FD scheme to be completed in 444 days. In this scheme, customers can invest a minimum of Rs 1000 and a maximum of Rs 3 to crore. On this, general citizens are being given an interest of 7.15%, while senior citizens are getting 7.65% return. Apart from this, 7.90% interest is being offered for super senior citizens. It is known that investment can be made in it only till 30 September 2025.
How much is the return on FD to be completed in 555 days?
At the same time, IND GREEN Retail Term Deposit Product Special FD was also launched on 8 May. This is an FD scheme which is completed in 555 days. A minimum of Rs 1000 and a maximum of Rs 3 crore can be invested in it. Under this scheme, the bank is offering 6.80 percent annual interest for general citizens, while senior citizens are getting 7.30 percent interest. At the same time, super senior citizens are being given an interest of 7.55%.
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