Latest interest rates in Indian Bank (Feb-2013)-A quick review
Some time back, we were predicting that the interest rates in India would come down. The interest rates on fixed deposits and recurring deposits are stable now. I was enquiring about some of the good banks deposit rates in nationalized sector. Here is the quick snapshot about Indian Bank interest rates which I found useful.
Latest interest rates in Indian Bank
Indian Bank is one of the old and nationalized banks in India. Latest interest rates in Indian Bank are enclosed below. The interest rates are high comparing to any other top private bank or any other top nationalized banks. Short term deposit for 111 days would yield 8.5% interest rate per annum which no other bank is offering.
Another good option in Indian bank is choosing a Variable recurring deposit. Variable deposit scheme is one where you can open for a minimum of Rs 1,000. Every month you need to deposit this minimum amount. In case you have surplus in any month, you can deposit that amount and you would still get the interest rates at which you have opened the deposit account.
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Latest interest rates in Indian Bank (Feb-2013)