IndusInd Bank Ltd, a new-generation private-sector bank in India, is offering 400 days attractive fixed deposit rates at 10 per cent per annum from July 2008. Bank in a statement said "We are feeling happy to announce the competitive fixed deposits rates in the industry once again. Bank has also started 200 days fixed deposits rate at 8.75% per annum."
Currently bank has around 180 branches network spread 147 geographical locations in 28 states and union territories across the country. Bank has also established representative office overseas each in Dubai and London.
Since its setting up bank has been driven by state-of-the-art technology. Bank has multi-lateral tie-ups with other banks to provide access to more than 18000 ATMs for its customers.
It enjoys clearing bank status for both major stock exchanges - BSE and NSE - and three major commodity exchanges in the country - MCX, NCDEX, and NMCE. It also offers DP facilities for stock and commodity segments.
According to bank statement bank has been awarded the highest A1+ rating for its Certificates of Deposits by ICRA and the highest P1+ rating for its FDs by CRISIL. CRISIL has also allocated the highest safety ratings to the Bank's Pass through Certificates for securitized assets.
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