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IOB hikes term deposit interest rates

  •   Mon, Jan 09 2023 07:59:00 PM

Chennai, Jan 9 (IANS): 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.

 
  

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Title: IOB hikes term deposit interest rates



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