Indian Overseas Bank has hiked the interest rates on the retail term deposits up to 60 bps

Chennai, 09.11.22: Indian Overseas Bank, one of the leading Public Sector Bank has hiked the interest rates on the retail term deposits up to 60 bps effective from November 10, 2022.

Domestic/NRO/NRE depositors will get interest rate up to 7.15 % by opening term deposit for period of 444 days and 3 years & above with Indian Overseas Bank.

Term deposits for tenor of 270 days to 1 – year and 1 year to 3 yeas’ interest rates have been increased by 60 bps.