BANK NEWS
Indian Overseas Bank increases interest rates on deposits
Foreign currency depositors shall be paid interest rate up to 4.25% by opening FCNR(B)/ RFC term deposits with Indian Overseas Bank.
New Delhi: Indian Overseas Bank, one of the leading Public Sector Bank has hiked the interest rates on Domestic/NRO/NRE and FCNR(B) term deposits with effect from December 10, 2022.
Domestic/NRO/NRE depositors will get interest rate upto7.30%by opening term deposit with Indian Overseas bank for a period of 444 days and upto7.25% for a period of 3 years & above.
Foreign currency depositors shall be paid interest rate up to 4.25% by opening FCNR(B)/ RFC term deposits with Indian Overseas Bank.
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