Indian Bank has introduced a two tier interest rate structure for savings bank customers, offering interest at 4% p.a. for incremental balance above Rs 50 lakh and 3.50% p.a. for balance up to Rs 50 lakh. The new interest rate will be effective from August 16, 2017.
Indian Bank was established as a part of the Swadeshi movement. The bank provides a wide spectrum of banking products and services.