Car loan lender Indian Bank hikes deposit rates

By | August 21, 2010
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Car loan lender, Indian Bank has hiked deposit rates for maturities of 2 years and more and with amounts of Rs 5 crore and more by 50 basis points. The new rates now are 7.75% as against 7.25%.

The new rates are effective from 15th August which is also the bank’s 104th Foundation Day of the bank.

Indian Bank has also launched 2 new FD products called as “Indouble” and “Indouble Senior”, where the principal amount doubles in 100 months and 108 months respectively.

Both these products also have all other usual FD characteristics.

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