Indian Bank launches special FD scheme for women with bumper profit
Indian Bank launches special FD scheme for women with bumper profitIndian Bank has recently launched a special Fixed Deposit (FD) scheme called ‘IND Super 400 Days’ for investors. The scheme offers a maturity period of 400 days and is open to both women and men. However, women investors will receive an additional 0.05% interest rate, making it an attractive option for women investors. The scheme is valid until April 30, 2023, and an amount ranging from Rs 10,000 to less than Rs 2 crore can be invested.
Increased FD rates by Indian Bank:
Recently, Indian Bank has increased the interest rates on FDs of less than Rs 2 crore, offering up to 6.70 percent interest to its customers. The new interest rates were implemented on March 4, 2023. This move by Indian Bank follows the increase in the repo rate by the Reserve Bank of India (RBI) on February 8, 2023.
Benefits of investing in the IND Super 400 Days scheme:
- Bumper Profit: The IND Super 400 Days scheme is designed to offer a bumper profit to investors.
- Safe investment: Investing in FDs is considered to be one of the safest investment options available to investors.
- Higher interest rates for women investors: Women investors can earn an additional 0.05% interest rate, making it an attractive option for them.
- Maturity period: The maturity period of 400 days is ideal for investors who want to park their money for a short-term period.
- Range of investment: The scheme is open to investors who want to invest an amount ranging from Rs 10,000 to less than Rs 2 crore.
Indian Bank’s IND Super 400 Days scheme is an attractive investment option for both women and men who want to earn strong returns in a safe way. With the recent increase in interest rates on FDs by Indian Bank and other banks, investors can enjoy higher returns on their investments.
FAQs
Q: What is the name of the special FD scheme launched by Indian Bank?
A: The special FD scheme launched by Indian Bank is called ‘IND Super 400 Days’.
Q: What is the maturity period of the IND Super 400 Days scheme?
A: The maturity period of the IND Super 400 Days scheme is 400 days.
Q: Is the IND Super 400 Days scheme open only to women investors?
A: No, the IND Super 400 Days scheme is open to both women and men. However, women investors will receive an additional 0.05% interest rate.
Q: What is the range of investment for the IND Super 400 Days scheme?
A: An amount ranging from Rs 10,000 to less than Rs 2 crore can be invested in the IND Super 400 Days scheme.
Q: What are the benefits of investing in the IND Super 400 Days scheme?
A: The benefits of investing in the IND Super 400 Days scheme include a bumper profit, safe investment, higher interest rates for women investors, a maturity period of 400 days, and a range of investment options.
Q: When did Indian Bank increase its interest rates on FDs?
A: Indian Bank increased its interest rates on FDs on March 4, 2023.
Q: Why did Indian Bank increase its interest rates on FDs?
A: Indian Bank increased its interest rates on FDs in response to the increase in the repo rate by the Reserve Bank of India on February 8, 2023.