scorecardresearchYour EMIs Set To Rise as Indian Bank hikes MCLR by 0.10%

Your EMIs Set To Rise as Indian Bank hikes MCLR by 0.10%

Updated: 02 Sep 2022, 08:03 AM IST
TL;DR.
The Asset Liability Management Committee (ALCO) of the bank has reviewed the Benchmark Lending Rates and decided on an upward revision in MCLR and TBLR across various tenors, the lender said in a regulatory filing on Thursday.
State-owned Indian Bank has raised the interest rates on fixed deposits for the amount less than  <span class='webrupee'>₹</span>2 crore, effective from August 4, 2022. Currency, the bank offers interest rates on deposits with maturities ranging from 7 days to 14 days and over that range from 2.80% to 5.60% for the general public and 3.30% to 6.10% for senior citizens.

State-owned Indian Bank has raised the interest rates on fixed deposits for the amount less than 2 crore, effective from August 4, 2022. Currency, the bank offers interest rates on deposits with maturities ranging from 7 days to 14 days and over that range from 2.80% to 5.60% for the general public and 3.30% to 6.10% for senior citizens.