Indian Bank has announced an upward revision in interest rates for its special term deposit schemes, ‘Ind Grow (555 days)’ and ‘Ind Prosper (777 days)’. The revised rates, effective from 23.10.2026, reflect changes in the Asset Liability Management Committee’s decisions. This move aims to offer potentially better returns to depositors for these specific investment products.
Indian Bank Announces Interest Rate Revision
Indian Bank has officially announced an upward revision of interest rates for two of its prominent special term deposit schemes: Ind Grow (555 days) and Ind Prosper (777 days). This decision was made by the bank’s Asset Liability Management Committee (ALCO) during its meeting on 22.10.2026, following a comprehensive review of various aspects of bank deposits.
Revised Interest Rates Effective Soon
The updated interest rates will be applicable for new deposits and renewals starting from 23.10.2026. The details of the revised rates are as follows:
- Ind Grow (555 days): The existing rate of 6.65% per annum has been revised to 6.80% per annum.
- Ind Prosper (777 days): The existing rate of 6.60% per annum has been revised to 6.75% per annum.
This revision aims to provide enhanced returns to customers opting for these specific term deposit products, reflecting the bank’s dynamic approach to deposit management in response to market conditions and strategic objectives.
Source: BSE
