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Indian Bank Special FD Scheme Deadline On 31 October 2022 Senior Citizen Gets 6.5 Return

Indian Bank Special FD Scheme: With the changing times, many types of investment options have come in the market nowadays, but even today a large number of people in the country prefer to invest in such options which do not involve any kind of risk. One such scheme is named Fixed Deposit Scheme.

In view of the rising inflation rate in the country, the Reserve Bank is continuously increasing the repo rate. Due to this many banks are also launching special FD schemes for their customers. One of those banks is Indian Bank.

This public sector bank had launched a special FD scheme for its investors, in which the investment deadline is going to end on 31 October 2022. The name of this scheme is Ind Utsav 610 (IND UTSAV 610). The bank introduced this scheme on 14 September 2022. If you have not invested in this scheme yet, but are planning ahead, then we are giving you information about the details of this scheme-

Super senior citizens getting returns up to 6.5%
Indian Bank (Indian Bank Special FD Scheme) launched 610 days special FD scheme for its customers on 14 September 2022. Its name is IND UTSAV 610. Through this scheme, common people are getting a return of 6.10% over a period of 610 days. At the same time, the bank is offering 0.40% higher interest rate to super senior citizens on this period i.e. a person above 80 years of age is getting a return of 6.50%.

You can invest through mobile app
If you also want to invest in this special FD scheme of Indian Bank, then you can do so sitting at home. Giving information on this matter, the bank has shared a tweet giving information about this on its official website and has said that you can invest in FD scheme through online INDOASIS mobile app sitting at home. You can open an FD scheme account without any documentation in just a few minutes.

To control inflation, RBI is continuously increasing the interest rate-
Let us tell you that in the last five months, the Reserve Bank has increased its repo rate four times. It has increased from 4.00% to 5.90%. The last time the central bank increased its repo rate by 0.50% was on 30 September 2022. Since this increase, many banks like State Bank of India, Punjab National Bank, Canara Bank, Union Bank, ICICI Bank, Axis Banks (Axis Bank), HDFC Bank, Bank of Maharashtra, Yes Bank etc. Many banks have increased the interest rate on their fixed deposit schemes.

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