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Indian Bank introduces two tier interest rate structure for savings bank customers

14 Aug 2017 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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