IndusInd Bank offers 10% rate on 400 days deposit

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Private sector IndusInd Bank, has announced an attractive rate of interest of 10 per cent per annum for a period of 400 days on domestic term deposits.

This has come into effect from July 3, a press release issued in Mumbai stated.

The bank is also offering an interest rate of 8.75 per cent on 200 days deposit.

The bank's head Consumer Banking, Sumant Kathpalia, said that "we are pleased to announce our new attractive rate of 10 per cent per annum on 400 days deposit. Once again, we are offering the best rates in the industry with an intention of giving improved returns to our depositors against rising inflation."