Indian Overseas Bank hikes interest rates on fixed deposits
Indian Overseas Bank (IOB), a public sector lender, increased interest rates on fixed deposits below ₹2 crore.
After the modification, the bank increased interest rates on fixed deposits with maturities ranging from 1 year to less than 2 years and 444 days
On deposits maturing in 1 year to less than 2 years except for 444 days, the bank has hiked the interest rate from 5.40% to 5.45%
on deposits maturing in 444 days, the IOB has hiked the interest rate from 5.45% to 5.50%.
The interest rate for IOB's Tax Saver Deposit will remain at 5.60 per cent.
IOB will continue to offer an interest rate of 5.45 per cent on deposits of 2 to 3 years and 5.60 per cent on deposits of 3 years and above.
For Senior Citizens Additional Rate of 0.50% and for Super Senior Citizens (aged 80 years and above) Additional Rate of 0.75% continues
Check FD Rates of Other Banks
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