Indian Bank, a leading public sector bank, has extended the deadline for special fixed deposits known as Ind Super 400 and Ind Super 300 schemes that offer high interest rates. This news comes as a relief for customers who were feeling the pressure of the initial deadline. Two special FD schemes – Ind Super 400 Days and Ind Super 300 Days – are being offered, and the deadline has been extended again. They were initially due to expire on May 3, 2024, but now customers have another two months to deposit money in these schemes until June 30, 2024.
Indian Bank’s Ind Super 400 Days scheme is a unique retail term deposit product designed to offer high interest rates to investors. With a tenure of 400 days, this scheme provides customers with a flexible investment option. The investment range is also quite broad, allowing customers to invest between Rs. 10,000 to Rs. 2 crores. Currently, the bank offers interest rates of 7.25%, 7.75%, and 8% to general customers, senior citizens, and super senior citizens, respectively, making it an attractive investment opportunity.
If a general customer deposits Rs. 5 lakhs in the Ind Super 400 Days scheme, they can potentially earn up to Rs. 39,750 as interest after 400 days at an interest rate of 7.25%. Senior citizens will potentially earn up to Rs. 42,500 as interest after maturity at a rate of 7.75%, while super senior citizens will potentially earn up to Rs. 43,850 as interest after the maturity period at an interest rate of 8%.
If the scheme or interest rates change, please visit the Indian Bank’s official website or customer care helpline.
