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Indian Bank launches special fixed deposit scheme

September 12, 2022

Indian Bank launches special fixed deposit scheme
Indian Bank introduces a special fixed deposit product for retail investors. The special fixed deposit plan is known as the “IND UTSAV 610” plan and has a 610-day tenure, according to the bank’s official website. An interest rate of 6.10% per annum for the general public, 6.25% per annum for senior citizens, and 6.5 per cent per annum for super senior citizens 80 years of age and above are promised under this special plan. The expiration date of Indian Bank’s “IND UTSAV 610” Special Term Deposit Plan is October 31, 2022.

Indian Bank has mentioned on its website that “IND UTSAV 610 – A Special Term Deposit Plan for 610 days @ 6.10 % p.a for Public , 6.25 % p.a for Senior Citizens & 6.50 % p.a for Super Senior Citizens (80 Years and above ) valid up to 31.10.2022.”

Using the INDOASIS app, Indian Bank customers can book this special fixed deposit plan. Customers may easily and conveniently book their “IND UTSAV 610” fixed deposit scheme online from the comfort of their home thanks to the entirely paperless approach.

The bank last modified its interest rates on 24.08.2022, and that was for domestic term deposits under ₹2 Cr. Considering the adjustment, Indian Bank is now providing fixed deposits with maturities ranging from 7 days to more than 5 years with interest rates ranging from 2.80% to 5.65%.

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