Price Update22 Oct 2026, 08:00 pm
Indian Bank Hikes Rates on Special Term Deposits
AI Summary
Indian Bank announced an upward revision in interest rates for its special retail term deposit schemes, 'Ind Grow' (555 days) and 'Ind Prosper' (777 days). The rate for 'Ind Grow' has been increased from 6.65% to 6.80% per annum, and for 'Ind Prosper', it has been revised from 6.60% to 6.75% per annum. These revised rates will be effective from October 23, 2026. The decision was made by the Asset Liability Management Committee (ALCO) of the Bank.
Key Highlights
- Interest rates on 'Ind Grow' (555 days) increased to 6.80%.
- Interest rates on 'Ind Prosper' (777 days) increased to 6.75%.
- Revised rates are effective from October 23, 2026.
- Decision made by the Bank's Asset Liability Management Committee (ALCO).
Price Impact
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