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Indian Bank launches special FD scheme for women
March 08, 2023
![Indian Bank launches special FD scheme for women](https://tscfm.org/wp-content/uploads/2023/03/indian-bank-launches-special-fd-scheme-for-women-1024x768.png)
The Chennai-based bank also raised interest rates recently on fixed deposits of less than ₹2 crore on March 4. The bank raised its interest rate by 20 basis points on a select tenor, and retail customers can now earn up to 6.70 per cent on their deposits.
According to the Indian Bank website, “Special Retail Term Deposit Product “IND SUPER 400 DAYS” has been launched w.e.f 06.03.2023 offering higher rate of interest for investment starting from ₹10,000 to less than 2 Crore for 400 days in the form of FD/MMD with callable options.” This scheme is available for women investors and also open to others. Under this scheme, the bank offers 0.05 per cent higher interest rate to women investors. Note that the scheme is valid till April 30, 2023.
On fixed deposits maturing in 7 days to 29 days, the bank will continue to offer an interest rate of 2.80 per cent and on those maturing in 30 days to 45 days, Indian Bank will continue to offer an interest rate of 3 per cent. Indian Bank will continue to offer an interest rate of 3.25% on a deposit tenor of 46 days to 90 days and the bank will continue to offer an interest rate of 3.50 per cent on a deposit tenor of 91 days to 120 days.
Important Links:
- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://tscfm.org/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/