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IND NAVYA – May 2019

IND NAVYA – May 2019

  • Revision of Interest Rates on Domestic Term Deposits

Earn upto 6.65% p.a. on your long-term domestic fixed deposit! Wef 08.04.2019, interest rates on deposits above one year have been increased under select brackets. Click here to know the rates and invest today.

  • New Product – Ind MSME Vehicle 

Under this newly launched loan facility, existing customers of Micro, Small and Medium Enterprise (both manufacturing and service) can avail financial assistance for purchase of new vehicle for their MSME units. Know more. 

  • Revision of Interest Rates on Home Loan products

The interest rate on Home Loan has been revised to 8.80% p.a. and it is effective from 12.04.2019. Women borrowers can avail a further concession of 0.05% p.a. on the interest rate. Get rates on all home-related and plot loans. 

  • Formation of Tamil Nadu Grama Bank

The two Regional Rural Banks, Pallavan Grama Bank (sponsored by Indian Bank) and Pandyan Grama Bank (sponsored by Indian Overseas Bank) in Tamil Nadu got merged into a single Regional Rural Bank namely Tamil Grama bank, with head office at Salem, under the  sponsorship of  Indian bank. It was inaugurated on 01.04.2019.

  • Upgrade/Downgrade Pension Amount under APY

Pension Fund Regulatory and Development Authority (PFRDA) has enabled unique feature to upgrade/downgrade pension amount. This can be done once in a year during the month of April.

( Last modified on Aug 22, 2019 at 04:08:29 PM )