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Interest rates on loans reduced by Indian Bank
Posted on: 25/Apr/2017 2:58:52 PM
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.
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