Indian Bank Interest Rates 2019

Festival offer fixed rates wef 01 11 2019.

Indian bank interest rates 2019. Revision of interest rate on term deposits w e f 05 11 2020. The new interest rates will come into effect immediately. Base rate is 9 45 p. This condition is also applicable to cases where the aggregate value of deposits of an individual customer is above 5 crores for the day.

The indian bank fd interest rates are applied quarterly or monthly with a discount or at maturity. Senior citizens are paid 0 50 higher interest rate than regular indian bank fd rates for an aggregate deposit amount of up to rs 10 crore. Indian bank is one of the oldest banks of the country which was constituted in 1907. The interest rate applicable for deposit s of above 5 crore and approval for acceptance of such deposit s shall be obtained from treasury branch.

This page provides india interest rate actual values historical data forecast chart statistics economic calendar and news. The interest rates have remained the same for other tenures. Indian bank fd rates range from 4 to 6 25 and a higher interest rate of up to 7 for senior citizens. Min max mean roi for quarter ended 30092019.

It comes with nomination facility. With effect from 07 05 2017 benchmark prime lending rate is 14 20 p. The interest rates have been reduced for fds that mature in one year and two years. 100 000 for 2 years in indian bank.

Indian bank offers loan against fd at the rate of 5 to 7 5 maximum loan tenure is restricted up to the maximum tenure of the fd. The interest rate for fixed deposits below rs 2 crore ranges from 3 05 p a. Hdfc bank india s largest private sector bank cut the interest rates on its fixed deposits fds on 15 october 2020. Interest rate in india averaged 6 56 percent from 2000 until 2020 reaching an all time high of 14 50 percent in august of 2000 and a record low of 4 percent in may of 2020.

It does allow for foreclosure before completing 5 years. Rahul has opened a fixed deposit of rs. With effect from 08 06 2015 interest rates on personal segment loan products personal segment loan repo linked interest rates incl.