For a limited period, public sector lender Indian Bank offers an exclusive fixed deposit product for retail investors. According to the official website of the bank, the special fixed deposit scheme is known as “IND UTSAV 610” scheme and has a tenure of 610 days. The interest rate promised under this special scheme is 6.10% p.a. for general public, 6.25% p.a. for senior citizens and 6.5 percent p.a. for super senior citizens aged 80 years and above. The expiry date of Indian Bank’s “IND UTSAV 610” Special Term Deposit plan is October 31, 2022.
Indian Bank mentions on its website that “IND UTSAV 610 – A special fixed deposit scheme for 610 days @ 6.10% p.a. for public, 6.25% p.a. for senior citizens and super senior citizens (80 years and above). ) is valid for 6.50% p.a. till 31.10.2022.”
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Indian Bank customers can book this exclusive Fixed Deposit plan using the INDOASIS app. Customers can easily and conveniently book their “IND UTSAV 610” Fixed Deposit Scheme online from the comfort of their home, thanks to the completely paperless approach. The bank last revised its interest rates on 24.08.2022, and that was for domestic fixed deposits Keeping in mind the 2 crore adjustment, Indian Bank is now offering fixed deposits with interest rates ranging from 2.80% to 5.65% with maturities ranging from 7 days to more than 5 years.
Indian Bank is currently offering the highest interest rate of 5.75% for non-senior citizens and 6.25% for senior citizens on regular fixed deposits maturing in 3 years or less than 5 years. However, for those who book the “IND UTSAV 610” deposit scheme, which is valid till October 31, 2022, Indian Bank is offering an interest rate of 6.10% for non-senior citizens, with an additional 0.15% for senior citizens. The interest rate is profit. 0.40% extra for citizens and super senior citizens.
To extend the benefit to senior citizens wishing to open fixed deposits, Indian Bank has mentioned on its website that “A special offer for senior citizens (age 60 years and above): Additional 0.25% higher interest rate Additional interest rate Currently being offered for General Senior Citizens on Term Deposit (0.50+0.25 = 0.75) “From 5 Years to More than 10 Years”. “IB – Golden Egg” – An Exclusive Fixed Deposit for Super Senior Citizens The account is “offering (age 80 years and above) an additional 0.25% higher interest rate than is currently being offered to normal senior citizens on fixed deposits across all deposit buckets.”
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