Indian Bank Revises Interest Rates on Two Fixed Deposit Schemes

Indian Bank Revises Interest Rates on Two Fixed Deposit Schemes

Indian Bank has revised its fixed deposit (FD) interest rates, increasing them by 15 basis points on two special-tenure schemes. The interest rate on the 555-day FD has been raised to 6.80% per annum, while the rate on the 777-day deposit now stands at 6.75% per annum. The revision comes following the Reserve Bank of India's (RBI) 25-basis-point repo rate hike in October.