Women's Special: Special FD scheme for women, the maturity period is 400 days, will get bumper profit...
If you also want to get strong returns safely by investing in Fixed Deposits, then this news is for you only. In fact, before Holi, the public sector Indian Bank has come up with a special FD scheme for investors. The name of this scheme launched after the increase in repo rate by RBI is 'IND SUPER 400 DAYS'. The maturity period in this special FD scheme will be 400 days.
According to the website of the Indian Bank, the special retail term deposit product 'IND Super 400 Days' has been launched from 6 March. The maturity period in this special FD scheme will be 400 days. An amount ranging from Rs 10,000 to less than Rs 2 crore can be invested in this. The scheme is available to women investors and is open to others as well. Under this scheme, the bank offers a 0.05 percent higher interest rate to women investors. This scheme is valid till April 30, 2023.
Recently Indian Bank has increased FD rates
Recently, Indian Bank has increased the interest rates on FDs of less than Rs 2 crore. After this increase, the bank is giving up to 6.70 percent interest to its customers. Increased new interest rates of the bank on 4 March. Applicable from 2023.
The repo rate hiked for the sixth time in a row
Let us tell you that on February 8, Reserve Bank Governor Shaktikanta Das increased the repo rate for the sixth consecutive time. After the monetary policy meeting, he said that the pressure of rising inflation in the world is also on India and to overcome it completely, it has become necessary to increase the interest rates of loans once again. However, this time the repo rate has been increased by only 0.25 percent.
Many banks have increased FD rates
Significantly, on February 8, the RBI increased the repo rate by 0.25 percent. After the increase in the repo rate, many government and private banks in the country have increased their FD rates. Many banks like SBI, ICICI Bank, HDFC Bank, and Yes Bank have increased interest on FDs in recent times.