Indian Overseas Bank increases interest rates on Deposits, effective from this date

New Delhi: Chennai based public sector bank, Indian Overseas Bank, decided to increase the interest rates offered on the medium as well as long term deposits by 10 basis points. Now the interest rates offered under term deposits for 3 Years and above will be 5.70% and for 444 days will be 5.60%.

The revised rates are effective from August 10, 2022.