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Home Finance

Indian Overseas Bank hikes term deposit interest rates up to 45 bps

admin by admin
January 9, 2023
in Finance


Public sector Indian Overseas Bank on Monday announced a hike in the interest rates on rupees retail term deposits, up to 45 basis points, from Tuesday onwards.

According to the bank, domestic/NRO/NRE depositors will get interest rate upto 7.75 per cent on term deposit for a period of 444 days.

Interest Rate on Foreign currency deposits has also been increased upto 100 bps effective from January 10.

FCNR(B)/RFC depositors will get an interest rate up to 5 per cent on their term deposits.

–IANS

vj/vd

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)



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Tags: deposit interest ratesIndian Overseas BankIOBIOB interest rates
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