India Bank FD Scheme : Indian Bank has recently launched a powerful fixed deposit scheme with a tenure of 444 days, making it an excellent investment option for those looking to grow their savings safely and securely. If you’re planning to invest your money in a fixed deposit, this special 444-day scheme by Indian Bank, named “IND SECURE”, could be a lucrative opportunity. The bank is offering not only the security of your invested amount but also an impressive interest return, especially tailored for general citizens, senior citizens, and super senior citizens.
Let’s take a closer look at what this scheme offers and how much return one can expect on an investment of ₹2,00,000 under different categories of investors.
India Bank FD Scheme : Attractive Interest Rates on 444-Day Fixed Deposit
Under the IND SECURE fixed deposit scheme for a tenure of 444 days:
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General citizens are being offered a bumper interest rate of 7.15% per annum.
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Senior citizens (usually aged 60 and above) are offered a higher interest rate of 7.65% per annum.
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Super senior citizens (typically aged 80 and above) enjoy the highest rate of 7.90% per annum.
These rates are applicable for a one-time investment locked in for 444 days, making it an ideal mid-term investment option with solid returns.
India Bank FD Scheme : Example: ₹2,00,000 Investment in Indian Bank’s 444-Day FD Scheme
To understand the actual benefits in terms of returns, let’s see how much one can earn by investing ₹2,00,000 under this scheme:
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For a General Citizen:
If a general citizen invests ₹2,00,000 for 444 days at the interest rate of 7.15% per annum, the maturity amount will be approximately ₹2,15,350. This results in a net gain of ₹15,350 over the investment period. -
For a Senior Citizen:
With an interest rate of 7.65% per annum, a senior citizen investing ₹2,00,000 will receive around ₹2,16,500 on maturity, leading to a total interest gain of ₹16,500.
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For a Super Senior Citizen:
While not detailed in the original maturity examples, if we apply the 7.90% interest rate offered to super senior citizens, the returns would be even higher than those for senior citizens, making it an excellent option for elderly investors.
Conclusion
Indian Bank’s 444-day IND SECURE fixed deposit scheme is a reliable and rewarding short-to-mid-term investment. It not only offers safety and security of capital but also attractive interest rates tailored for different age groups. Whether you’re a general citizen or a senior citizen, investing ₹2,00,000 in this FD scheme can fetch you assured returns with a decent profit, especially in the current economic climate where stable returns are highly valued.
If you are looking for a secure and profitable way to park your funds, this 444-day fixed deposit scheme from Indian Bank is definitely worth considering.