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Monday, February 28, 2011

Indian Bank offers 9.5% on 555 days fixed deposit

State-owned Indian Bank has said it has revised its rates, with 555 days fixed deposit attracting 9.5 per cent.
While 111 days term deposit offers savers 9.1 per cent, 222 days fixed deposit gives interest rate of 9.2 per cent per annum, Indian Bank said.

Similarly, interest rate on 333 days special fixed deposit scheme has been pegged at 9.3 per cent and 9.4 per cent for 444 days term deposit.

Senior citizen earn 0.75 per cent higher rates over these rates, the Chennai-based bank said.

Meanwhile, the bank also revised its lending rates both base rate and Benchmark Prime Lending Rate (BPLR) earlier this month.

Source: Financial Express


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