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Indore Bank

 
Duration

Revised Interest Rate p.a. (%)
(w.e.f. 09.10.2009)

For less than Rs. 15 lacs

From Rs. 15 lacs to less than Rs.1 crore

7 days to 14 days

NA

NA

15 days to 45 days

3.00

3.00

46 days to 90 days

4.00

4.00

91 days TO 180 days

5.25

5.50*

181 days TO 364 days

6.00

6.25

1 year to less than 3 years

7.00

7.25

3 years to less than 5 years

7.25

7.50*

5 years to up to 10 years & Tax-Save Scheme

7.50

7.75

* There shall be 0.25% premium in the rate of interest for single domestic term deposit of Rs. 15 lacs but less than Rs. 1 crore for the maturity of 91 days to upto 10 years subject to approval by GM(O), Head Office.

Interest rate for senior citizens (residents with age of 60 years or above on the date of acceptance of deposit) will be 0.50% above normal rate for deposits in all maturities of 1 year to 10 years