Neutral impactEconomy
Indian Bank FD Rates Revised: 6.80% On 555 Days Ind Grow, 6.75% On 777 Days Ind Prosper
NDTV Profit 2 hrs ago·23 Oct 2026, 2:11 am
Indian Bank has revised its fixed deposit (FD) rates, increasing the returns on specific tenure options. The bank is now offering a rate of 6.80% on its 'Ind Grow' deposit for 555 days and 6.75% on the 'Ind Prosper' option for 777 days. These new rates are effective immediately and apply to new investments made under these specific schemes.
This move is significant for investors seeking stable, risk-free returns in a volatile market environment. By offering higher interest rates on these tenure options, the bank aims to attract new deposits and retain existing savings. For conservative investors, these revised rates provide a competitive alternative to other fixed-income instruments.
Investors should compare these new rates with the bank's existing offerings and other major banks' rates before making a decision. It is also important to review the terms and conditions associated with these specific schemes to ensure they align with your financial goals. Keeping an eye on the bank's future rate announcements will be crucial for maximizing returns.
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Key takeaways
- Concerns Indian Bank (INDIANB).
- Category: Economy.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Indian Bank worth tracking. Use the price and stock snapshot to gauge how the market is responding.
