Indian Bank Recurring Deposit Interest Rates- 15 Oct 2018

News About Indian Bank Recurring Deposit

• Indian Bank Has Revised Their Foreign Currency Non-resident (Banking) Term Deposits Interest Rates

  Effective from 01st August 2017, Indian Bank has revised their interest rates on FCNR(B) deposits. According to the recent statement from the bank, the interest rates for FCNR(B)(in US Dollars) for a tenure of more than 1 year but less than 2 years has been increased to 2.45% p.a which was 2.43% p.a previously.

  Also, for deposit tenure ranging from 2 years and above to less than 3 years, the interest rate is 2.60% p.a and for deposit tenure more than 3 years but less than 4 years, the interest rate is 2.75% p.a.

  The interest rate remains unchanged for deposit tenures for four years and above 5 years which is 2.86% p.a. If you are banking with Indian Bank, please look for the revised interest rates on deposits, including recurring deposit accounts.

  

  14 August 2017

• Change in Indian Bank RD Interest Rates

  Indian Bank has recently changed Recurring Deposit interest rates. After the change, the interest rate for a deposit of less than Rs.1 crore for a tenure of 6 months to below 2 years ranges between 5.75% p.a. and 6.25% p.a. The interest rate for deposits of Rs.1 crore to Rs.5 crores for the same tenure ranges between 5.25% p.a. and 5.75% p.a.

  The bank has also changed the interest rates of medium and long term recurring deposits. The interest rate for deposits of less than Rs.1 crore for a tenure of over 2 years to more than 3 years is 6.25% p.a. and the interest rate for deposits of Rs.1 crore to Rs.5 crores for the same tenure is 5.5% p.a.

  

  1 December 2016

• Indian Bank Releases Revised Recurring Deposit Rates

  Indian bank has revised the interest rates offered for their recurring deposits. The interest rates offered for various tenures have been revised irrespective of whether the deposit amount is less than Rs. 1 Crore or ranging between Rs. 1 Crore to Rs. 5 Crore. The interest rates have been increased across most tenures below the 1 year mark. While there is a general increase in interest rates offered for tenures below 1 year such as 14 days or 30 days with a marked increase in interest rate from existing 4.50% p.a. to the now effective 5.50% p.a. the tenure for 1 year has had its interest rate reduced from 7.40% p.a. to 7.25% p.a. Senior citizens will enjoy an additional 0.50% interest rate upon the prevailing interest rates.

  

  17 August 2016

• Indian Bank Introduces Few Changes for Recurring Deposit Tenures and Interest Rates

  Indian Bank Recurring Deposit has been one of the most preferred investment products amongst the risk averse investors. Recently, Indian Bank has made some changes in Recurring Deposit tenures and have revised the interest rates which makes the product all the more better. The RD scheme in Indian Bank is offered in two categories - one for deposits below Rs. 1 crore and one for deposits of Rs. 1 crore to Rs. 5 crores. As per the revision, the tenures have been split to 6 time periods - up to 6 months, 6 months to 9 months, 9 months to 1 year, 1 year to 2 years, 2 years to 3 years and above 3 years. For investments below Rs.1 crore, the interest rate for tenures up to 6 months is 6.50% per annum and 7.00% per annum for tenure greater than 6 months to up to 9 months. For all other tenure options, the interest rate remains fixed at 7.25% per annum.

  For recurring deposit investments varying between Rs. 1 crore to Rs. 5 crores, he interest rate for tenures up to 6 months is 6.50% per annum and for tenure greater than 6 months to up to 9 months 6.75% per annum. For all other tenure options, the interest rate remains fixed at 7.00% per annum.

  

  2 March 2016