:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

INDIAN BANK HIKES FIXED DEPOSIT RATES BY 0.5 PC

Indian Bank has hiked the interest rates on its deposits of Rs five crore and below the maturity of two years and above by 50 basis points from 7.25 per cent to 7.75 per cent.

 The new rates are effective from August 15, which also marks the Bank's 104th Foundation Day.

 The Bank also introduced two new fixed maturity deposit products, "Indouble" and "Indouble Senior", which doubles the principal amount in 100 months and 108 months respectively.

 All other facilities including nomination, premature withdrawal and loan against deposits to normal Fixed Deposits have also been extended to these products.

Posted by C.B.O.A., A.P.

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