INDIAN OVERSEAS BANK INCREASES INTEREST RATES ON DEPOSITS
INDIAN OVERSEAS BANK INCREASES INTEREST RATES ON DEPOSITS
Indian Overseas Bank, one of the leading Public Sector Bank has hiked the interest rates on Rupees Retail Term Deposits up to 45 bps effective from January 10, 2023.
Domestic/NRO/NRE depositors will get interest rate upto 7.75% by opening term deposit for period of 444 days with Indian Overseas bank.
Interest Rate on Foreign currency deposits also increased upto 100 bps effective from January 10, 2023. FCNR(B)/ RFC Depositors will get interest rate up to 5.00% by opening term deposits with Indian Overseas Bank.
