Indian Bank, a public sector bank, has extended the deadline to invest in its special fixed deposit offering higher interest rates from November 30, 2024. The special FDs are Ind Supreme Product for 300 days tenure and Ind Super Product for 400 days.
What is the last date for investing in Indian Bank special FDs?
The last date to invest in Indian Bank special FDs has been extended to March 31, 2025.
IND Super 400 days
According to the Indian Bank website, the special retail term deposit product ‘IND Super 400 DAYS’ offers a higher rate of interest for investment starting from Rs 10,000 to less than Rs 3 crore for 400 days in the form of FD/MMD with callable options. It offers 7.30% interest to the general public, 7.80% to senior citizens and 8.05% to super senior citizens.
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| IND SUPER 400 DAYS -Rate of Interest (% p.a) | |
| Rate of Interest (% p.a) w.e.f 03.10.2024 | |
| Public | 7.30% |
| Senior Citizen | 7.80% |
| Super Senior Citizen | 8.05% |
IND Supreme 300 Days
According to the website, the special retail term deposit product ‘IND Supreme 300 days’ offers an attractive rate of interest for investment starting from Rs 5,000 to less than Rs 3 crore for 300 days in the form of FD/MMD with callable options. IND Supreme 300 Days special FD offers 7.30% interest to the general public, and 7.80% to senior citizens. Super senior citizens can get an 8.05% interest rate from IND Supreme 300 Days special fixed deposit.
| Category | Rate of Interest ( %p.a) |
| Public | 7.05% |
| Senior Citizen | 7.55% |
| Super Senior Citizen | 7.80% |
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Indian Bank FD interest rates
On fixed deposits, the bank offers interest rates between 2.80% and 7.10%(without special FD rates) for general citizens. The rates are effective from June 12, 2024.
| Period / Tenor of Deposit | Less than Rs.3 crore |
| Revised Rate | |
| (% per annum ) | |
| 7 days to 14 days | 2.8 |
| 15 days to 29 days | 2.8 |
| 30 days to 45 days | 3 |
| 46 days to 90 days | 3.25 |
| 91 days to 120 days | 3.5 |
| 121 days to 180 days | 3.85 |
| 181 days to less than 9 months | 4.5 |
| 9 months to less than 1 year other than 300 Days. | 4.75 |
| 300 days (Ind Supreme Product) | 7.05* |
| *Valid up to 31.03.2025 | |
| 1 year | 6.1 |
| 400 days (Ind Super Product) | 7.30* |
| *W.e.f 03.10.2024 and valid up to 31.03.2025 | |
| Above 1 year to less than 2 years other than 400 days | 7.1 |
| 2 years to less than 3 years | 6.7 |
| 3 years to less than 5 years | 6.25 |
| 5 year | 6.25 |
| Above 5 years | 6.1 |
Source: Bank website
