Indian Bank is extending its special fixed deposit plans, IND Supreme (300 days) and IND Super (400 days), at very appealing interest rates. These plans have a maximum interest rate of 8.05 per cent for super senior citizens; there is no change for the regular and special deposits' rates.
Let us check what Indian Bank has for general and senior citizens on the IND Super 400 Days FD. We will find out what you will earn with an investment of Rs 5 lakh and Rs 10 lakh in these 400-day fixed deposits.
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What Is Indian Bank IND Super (400 Days) FD?
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Indian Bank's IND Super (400 Days) is a notable fixed deposit scheme that provides higher interest rates for deposits between ₹10,000 and below ₹3 Crore with a term of 400 days, along with callable (early withdrawal) options.
What Is The Validity Of IND Super 400 Days FD?
The scheme is valid up to June 30, 2025.
What Is The Highest Investment Amount In Indian Bank Super 400 Days FD?
Investment amount should be from Rs 10,000 to below Rs 3 crores for a period of 400 days.
What Does Callable Option Mean In IND Super 400 Days FD?
The callable option lets you withdraw the deposit before maturity.
Indian Bank has introduced a fixed deposit scheme named 'Super 400 Days FD,' which offers different interest rates for different customer segments.
Indian Bank Super 400 Days FD Interest Rate For general citizens
General citizens will enjoy an interest rate of 7.30 per cent on their 400 Days FD.
Indian Bank Super 400 Days FD Interest Rate For Senior Citizens
Indian Bank also provides an interest rate of 7.80 per cent for 400 Days FD deposits made by senior citizens.
IND Super 400 Days FD: What Will Regular Customers Get On Rs 5 lakh?
The estimated maturity amount will be Rs 5,41,253. The estimated interest earned will be Rs 41,253.
IND Super 400 Days FD: What Will Senior Citizens Get On Rs 5 lakh?
The estimated maturity amount will be Rs 5,44,171. The estimated interest earned will be Rs 44,171.
IND Super 400 Days FD: What Will General Citizens Get With S Rs 10 lakh investment?
The expected maturity value will be Rs 10,82,506. The expected earning amount will be Rs 82,506.
IND Super 400 Days FD: What Will Senior Citizens Get With A Rs 10 lakh investment?
The expected maturity value will be Rs 10,88,343. The expected earning amount will be Rs 88,343.