#1
16th October 2012, 11:36 AM
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Indian Bank Interest Rates for Senior Citizen
Can I know Indian Bank Interest Rates for Senior Citizen please tell me details, Suitable for senior citizens with additional rate of interest and value additions and Tell me Deposit Interest Rates for Senior Citizens
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#2
16th October 2012, 07:01 PM
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Re: Indian Bank Interest Rates for Senior Citizen
I am giving the details of special deposit scheme for senior citizens given by Indian Bank for your reference. The interest is calculated quarterly and the amount varies from Rs 1000/- to Rs. 50000000/-. The period of the deposit is from 15 days to 10 years. Free funds transfer upto Rs.5000 p.m or interest earned whichever is higher Additional rate of 0.75% p.a is payable for 15 days to 10 years Automatic renewal facility for equal period Age proof for having completed 60 years Joint accounts permitted but first named persons should be senior citizen Loan, Foreclosue, Nomination etc are available Suitable for senior citizens with additional rate of interest and value additions Minimum penalty on foreclosure of deposits |
#3
28th December 2015, 01:30 PM
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Re: Indian Bank Interest Rates for Senior Citizen
Hello sir, will you please tell me what is the interest rate for the senior citizen in Indian bank/ provide me detail of require document and rules for the scheme?
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#4
28th December 2015, 01:31 PM
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Re: Indian Bank Interest Rates for Senior Citizen
Indian bank provides special scheme for the Senior Citizen. They may apply for this scheme by visiting at Indian bank. Here I’m providing you detail about the interest rate for senior citizen in Indian bank. Interest Application : Quarterly Min Amt : Minimum amount Rs.1000/- Maximum amount – Rs. 50000000/- Min Period : 15 days to 10 years Other Requirements/Details: Suitable for senior citizens with additional rate of interest and value additions Age proof for having completed 60 years Free funds transfer upto Rs.5000 p.m or interest earned whichever is higher Automatic renewal facility for equal period Loan, Foreclosue, Nomination etc are available Minimum penalty on foreclosure of deposits Joint accounts permitted but first named persons should be senior citizens Interest rate: DOMESTIC DEPOSITS (Also applicable for NRO Accounts) Interest rate on Domestic Deposits w.e.f 11th November 2015 Period Single Deposit less than Rs.100.00 lacs General Senior Citizens* 7 days to 45 days 4.00% 4.50% 46 days to 90 days 7.00% 7.50% 91 days to less than 1 year 7.10% 7.60% 1 year 7.70% 8.20% Above 1 year to 3 years 7.60% 8.10% Above 3 years up to and incl.10 years7.50% 8.00% Tax Gain 7.50% 8.00% |