Maximize Returns with a Limited-Time Fixed Deposit Scheme
A special fixed deposit (FD) scheme is offering high-interest rates for a limited period, providing an opportunity for investors to earn substantial returns in a short span. With rates exceeding 7%, the deadline to invest is fast approaching. Let’s explore the details of this attractive offer.
Last Chance to Invest in Special FD Plans
As the financial year-end approaches, several important investment deadlines are nearing, including two fixed deposit schemes introduced by Indian Bank. These high-yield FD schemes offer lucrative interest rates to depositors. While the standard fixed deposit for general customers offers a maximum return of 7.10%, the exclusive 400-day FD scheme provides an even higher return of 7.30%.
Exclusive FD Schemes Offering Higher Interest
Indian Bank is promoting two special FD schemes: Ind Super 400 Day and Ind Supreme 300 Day, both available only until March 31. Investors can deposit amounts up to Rs 3 crore under these schemes. The minimum investment required for the 400-day scheme is Rs 5,000, while the 300-day scheme requires a minimum deposit of Rs 10,000.
How Much Can You Earn?
The Ind Super 400 Day FD scheme, launched on October 30, 2024, is set to conclude soon. Under this scheme:
General depositors receive 7.30% interest.
Senior citizens are offered 7.80% interest.
Super senior citizens enjoy a lucrative 8.05% return.
Meanwhile, the Ind Supreme 300 Day FD scheme also offers competitive rates:
General depositors earn 7.05% interest.
Senior citizens get a return of 7.55%.
Super senior citizens benefit from a 7.80% interest rate.
Standard FD Interest Rates at Indian Bank
For those considering other fixed deposit options, Indian Bank provides varying interest rates depending on the tenure:
7-14 days: 2.80%
15-29 days: 2.80%
30-45 days: 3.00%
46-90 days: 3.25%
91-120 days: 3.50%
121-180 days: 3.85%
181 days - 9 months: 4.50%
9 months - 1 year: 4.75%
1 year: 6.10%
More than 1 year - less than 2 years: 7.10%
2 years - less than 3 years: 6.70%
3 years - less than 5 years: 6.25%
5 years: 6.25%
More than 5 years: 6.10%
With these attractive FD schemes available for a limited period, investors looking for safe and high-yield investment options should consider locking in their deposits before March 31 to take advantage of these competitive interest rates.
