New Delhi, Oct. 25 -- Public-sector lender Indian Bank has increased interest rates by 15 basis points each on two of its special fixed deposit (FD) schemes, with the revised rates taking effect from Friday, October 23, 2026.

The new rates apply to its 555-day Ind Grow and 777-day Ind Prosper deposits, offering customers higher returns on their investments. Meanwhile, the bank's offered interest rates on other listed tenures remain unchanged.

Indian Bank's decision to raise interest rates on its fixed deposits comes after the Reserve Bank of India (RBI) on October 7, raised repo rate by 25 bps to 5.50% from 5.25%, marking the first such increase since February 2023.

Following the revision, the annual interest rate on the 555-day Ind Gr...