Saving money is very important in life as it can help you to deal with financial emergencies. Besides, when you save money you can build your financial assets and make sure that you have enough money to lead a comfortable life when you retire and stop working. There can be numerous ways to save money but perhaps the most convenient way to save money is to deposit money into a bank account for a certain period of time. A fixed deposit or a term deposit account can help you to save money and earn interest on the amount that you deposit. You can opt for Indian Bank Singapore Fixed Deposit as you will be able to earn interest at a higher rate.
Overview of Indian Bank
Indian Bank is one of the premier banks that is owned by the Government of India. Apart from its widespread presence in India, the bank also has overseas branches in Jaffna, Colombo and Singapore. Overall, Indian Bank has a presence in around 70 countries with the help of its overseas correspondents that total to around 240. The bank was integral to the Swadeshi movement in India and founded on August 15, 1907. The bank has ATMs and branches in many towns and villages in India. Over the years, Indian Bank has won many prestigious awards in the field of banking and finance.
The bank has been operational in Singapore since 1941 and now it offers world class services to people living in the Lion City. With a fixed deposit account from Indian Bank, you will enjoy a range of flexible features and will also benefit from the attractive interest rates and flexible tenures, along with other advantageous features.
Why Choose Indian Bank Fixed Deposit?
By opting for Indian Bank Fixed Deposit, you can be assured that you will benefit from transparent rules and regulations and will not have any difficulty when you decide to withdraw the money that you have deposited. You will also benefit from the excellent quality of customer service offered by the bank and will not have any difficulty in getting answers to your queries and questions.
Indian Bank Fixed Deposit Interest Rate
The interest rates offered by Indian Bank at present are given below.
|Currency of Deposit||Tenure of Deposit|
|1 Month||3 Months||6 Months||9 Months||1 year||2 years||3 years|
|Singapore Dollar||0.2000 percent||0.3500 percent||0.4500 percent||0.5500 percent||0.6500 percent||0.6500 percent||0.6500 percent|
|US Dollars||0.8000 percent||1.0500 percent||1.1500 percent||1.3000 percent||1.5500 percent||2.0500 percent||2.3000 percent|
|Great Britain Pound||0.0500 percent||0.1500 percent||0.2500 percent||0.4000 percent||0.7000 percent||Not Applicable||Not Applicable|
|Australian Dollar||1.6000 percent||1.8000 percent||2.0500 percent||2.1500 percent||2.3000 percent||Not Applicable||Not Applicable|
|Swiss Franc||Not Applicable||Not Applicable||Not Applicable||Not Applicable||Not Applicable||Not Applicable||Not Applicable|
|Japanese Yen||Not Applicable||Not Applicable||Not Applicable||Not Applicable||Not Applicable||Not Applicable||Not Applicable|
|Euro||0.0500 percent||0.0500 percent||0.0500 percent||0.1000 percent||0.1000 percent||Not Applicable||Not Applicable|