scorecardresearchIndian Overseas Bank revises interest rates; see details

Indian Overseas Bank revises interest rates; see details

Updated: 11 Dec 2022, 11:20 AM IST
TL;DR.

Depositors of domestic, non-resident external would receive interest rates up to 7.30 per cent by opening a term deposit with a tenure of 444 days and up to 7.25 per cent for a period of three years and above, Indian Overseas Bank said in a statement here.

More than half a dozen commercial banks have raised their interest rates since the banking regulator raised repo rates to 5.4 percent on August 5

More than half a dozen commercial banks have raised their interest rates since the banking regulator raised repo rates to 5.4 percent on August 5

(PTI) Public sector Indian Overseas Bank has revised the interest rates on its domestic, foreign currency non-resident (banking) term deposits with immediate effect, the city-based lender said on Saturday.

Depositors of domestic, non-resident external would receive interest rates up to 7.30 per cent by opening a term deposit with a tenure of 444 days and up to 7.25 per cent for a period of three years and above, Indian Overseas Bank said in a statement here.

Foreign currency depositors shall be paid an interest rate up to 4.25 per cent by opening FCNR (B) term deposits with the bank, it said. PTI VIJ VIJ SS SS

First Published: 11 Dec 2022, 11:20 AM IST