The Indian Bank offers IB Swarna Nidhi RD/IB Swarna Nidhi VRD to purchase Gold coin of the Bank for the maturity value

IB Swarna Nidhi RD/IB Swarna Nidhi VRD

Interest Application Quarterly

Salient Features -

A recurring deposit with the option to purchase Gold coin of Indian Bank for the maturity value

Min Amt -

Minimum Rs.500/- in multiples of Rs.100/-
for VRD Maximum Rs.10 lakhs in a month

Min Period -

Minimum period is 6 months,
Maximum period is 24 months

Other Requirements/Details -

Discount on the gold coins to be purchased from the proceeds at Rs.25/- per gram.

Maturity value of Rs.12000/- or more additional incentive of free personal accidental insurance of Rs.1 lakh by issuing IB Chatra Policy of the Bank.

Contact-

Corporate Office - Postal Address

Indian Bank, Corporate Office,
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Royapettah, Chennai - 600 014

Corporate Office - Phone Number
044 28134300