Indian Bank revises interest rates on two FD schemes

The Indian Bank has increased its fixed deposit (FD) interest rates by 15 basis points on two schemes. The interest rate on the 555-day deposit now stands at 6.80% per annum, while the rate on the 777-day deposit has been raised to 6.75% per annum. The revision follows the RBI's 25-basis-point repo rate hike in October.