INDIAN OVERSEAS BANK INCREASES INTEREST RATES ON DEPOSITS

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