PSU bank’s special FDs offering up to 8% interest rate to end this month; check details here

Special fixed deposit schemes (FDs) of the Indian Bank — Ind Super 400 days FD and Ind Supreme 300 days FD will end this month, as per the bank's website. The last date to invest in Indian Bank special FD is August 31, 2023.

Ind Super 400 days FD
The 'Ind Super 400 days' is a special retail term deposit product that offers a higher rate of interest for investments ranging from Rs 10,000 to less than Rs 2 crore for 400 days with callable options. Under this scheme, Indian Bank now offers an interest rate of 7.25 per cent to the general public, 7.75 per cent to senior citizens, and 8.00 per cent to super senior citizens.

IND Super 400 Days -Rate of Interest
Public	7.25%
Senior Citizen	7.75%
Super Senior Citizen	8.00%

Ind Supreme 300 days
The special retail term deposit product 'Ind supreme 300 days' offers a higher interest rate for investments ranging from Rs 5,000 to less than Rs 2 crore for a period of 300 days with callable options. Under the scheme, The Indian Bank offers a 7.05 per cent interest rate to the general public, a 7.55 per cent interest to seniors, and 7.80 per cent to super senior citizens.

Category	Rate of Interest
Public	7.05%
Senior Citizen	7.55%
Super Senior Citizen	7.80%

Indian Bank FD interest rates
On fixed deposits, Indian Bank offers interest rates between 2.80 per cent to 7.10 per cent for tenure ranging from 7 days to 10 years for general citizens.

Period	Revised (% p.a)
7 days to 14 days	2.8
15 days to 29 days	2.8
30 days to 45 days	3
46 days to 90 days	3.25
91 days to 120 days	3.5
121 days to 180 days	3.85
181 days to less than 9 months	4.5
9 months to less than 1 year	4.75
Ind Supreme 300 Days	7.05
(w.e.f 01.07.23 valid upto 31.08.23)
1 year	6.1
Above 1 year to less than 2 years	6.3
Ind Super 400 Days	7.25
(w.e.f 20.04.23 valid upto 31.08.23)
2 years to less than 3 years	6.7
3 years to less than 5 years	6.25
5 year	6.25
Above 5 years	6.1

Source: Bank website