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Indian Bank Makes Major Move: No More Minimum Balance Charges, MCLR Down to 9%

Indian Bank has waived all minimum balance penalties for savings accounts and reduced its 1-year MCLR to 9%, effective July 2025. These changes aim to make banking more accessible while offering relief to loan borrowers. From lower EMIs to hassle-free savings, this customer-first move signals a big win for both individuals and businesses.