Indian Bank has extended the deadline for its special fixed deposit (FD) schemes, IND Secure and IND Green, which offer interest rates of up to 7.45%. The bank had initially launched these schemes with a deadline of September 30, 2024, but has now extended it to December 31, 2024. This move is expected to provide customers with more time to invest in these high-yield FDs.
The IND Secure scheme offers an interest rate of 7.45% per annum for a tenure of 1000 days, while the IND Green scheme offers an interest rate of 7.40% per annum for a tenure of 999 days. Both schemes are designed to provide customers with a safe and secure investment option, with the added benefit of higher interest rates compared to regular FDs.
The extension of the deadline is likely to be beneficial for customers who are looking to invest in FDs with higher interest rates. With the current economic scenario, customers are looking for safe and secure investment options that can provide them with better returns. The IND Secure and IND Green schemes offer just that, with their high interest rates and flexible tenures.
Indian Bank has also announced that it will offer an additional 0.10% interest rate for senior citizens who invest in these schemes. This means that senior citizens can earn up to 7.55% per annum on their FD investments. The bank has also stated that it will offer a loan facility of up to 90% of the principal amount for customers who invest in these schemes.
The extension of the deadline for the IND Secure and IND Green schemes is a positive move by Indian Bank, as it provides customers with more time to invest in these high-yield FDs. With the current interest rate scenario, customers are advised to invest in these schemes to earn better returns on their investments. However, customers should carefully review the terms and conditions of the schemes before investing, to ensure that they meet their investment goals and risk tolerance.
Overall, the extension of the deadline for the IND Secure and IND Green schemes is a welcome move by Indian Bank, and is expected to benefit customers who are looking to invest in high-yield FDs. With their high interest rates and flexible tenures, these schemes are likely to attract a large number of customers who are looking for safe and secure investment options.