Interest rates on loans reduced by Indian Bank


Indian Bank has reduced the interest rate ratio for loans.

As per the revised rates:

  • The interest rate per day has been reduced to 8.15 percent.
  • The interest rate per month is reduced to 8.20 percent.
  • The interest rate for 3 months is reduced to 8.30 percent.
  • For 6 months, it is reduced to 8.40 percent.
  • For 1 year, it is reduced to 8.50 percent.
  • For 3 years, it is reduced to 8.70 percent.
  • For 5 years, it is reduced to 8.90 percent.

This will be effective from 7th April, according to a press release by Indian Bank.