CHENNAI: Indian Overseas Bank (IOB) has hiked the interest rates on retail term deposits up to 60 bps effective from November 10, 2022.
A statement issued on Wednesday said, domestic/NRO/NRE depositors would get an interest rate up to 7.15% by opening a term deposit for a period of 444 days and three years and above with the bank.
Interest rates of term deposits for a tenor of 270 days to one year and one to three years have been increased by 60 bps.
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