IndusInd Bank changes interest rates on fixed deposits, know new rates

IndusInd Bank

IndusInd Bank

IndusInd Bank will now pay 2.75% interest on deposits with maturity of 7 to 30 days. The new interest rates have come into effect from 26 April.

New Delhi. In the last few years, interest rates on fixed deposits of banks have come down. At the same time, the private sector IndusInd Bank has recently changed its interest rates on fixed deposits. The new interest rates have come into effect from 26 April. IndusInd Bank will now pay 2.75% interest on deposits with maturity of 7 to 30 days. IndusInd Bank will get 3% on deposits with maturity of 31 to 45 days, 3.50% on maturity of 46 to 60 days and 3.75% on maturity of 61 to 90 days. Also read – Do you know about the world’s oldest wine, its bid will be in June, know how much the price will be Additional 0.50% interest to senior citizensThere will be 4% interest on deposits with maturity in 91 to 120 days, 4.5% on maturity in 121 to 180 days and 5% on maturity in 181 to 210 days. 5.25% on deposits with maturity of 211 to 269 days and 6% interest on deposits maturing within 270 days or less than one year will be available. IndusInd Bank pays an additional 0.50 per cent interest to Senior Citizens and this will continue. IndusInd Bank’s profit doubled to Rs 876 crore IndusInd Bank said on Friday that its profit doubled to Rs 876 crore during the last quarter of the financial year 2020-21, which ended on March 2021. The private sector bank said that its net profit during the last quarter of 2019-20 was Rs 301.84 crore.
Also read- Corona patients will get relief! Now insurance companies will have to settle cashless claim in 1 hour, IRDAI directive The bank told the stock market that its total income increased slightly to Rs 9,199.48 crore in the reporting period, from Rs 9,158.57 crore in the same period of the previous financial year. The bank said that its net profit declined by 36 per cent to Rs 2,836.39 crore during the financial year 2020-21, from Rs 4,417.91 crore in the previous financial year. Income was Rs 35,558.41 crore during the last financial year. The gross NPA of the bank increased marginally to 2.67 per cent as on 31 March 2021, from 2.45 per cent as on March 2020.




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