Indian Bank has introduced two-tier interest rate structure for saving bank accounts and will offer the interest rate of 4 percent per annum on savings account with the incremental balance of over Rs 50 lakh and 3.50 percent per annum for the deposit up to Rs 50 lakh. Where is the headquarter of Indian Bank?

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Mumbai
B	Bengaluru
C	Hyderabad
D	Chennai

Explanation:

Detailed explanation-1: -The Indian Bank savings account interest rates are around 3.50%.

Detailed explanation-2: -Fixed deposit provides highest rate of interest as a large amount of money is deposited in this account for a longer duration.

Detailed explanation-3: -(a) Interest on savings deposit shall be credited at quarterly or shorter intervals. (b) Interest on savings bank accounts, including those frozen by the enforcement authorities, shall be credited on regular basis irrespective of the operational status of the account.

There is 1 question to complete.