Indian Overseas Bank, one of the leading Public Sector Bank has hiked the interest rates on Rupees Retail Term Deposits up to 45 bps effective from January 10, 2023.
Domestic/NRO/NRE depositors will get interest rate upto 7.75% by opening term deposit for period of 444 days with Indian Overseas bank.
Interest Rate on Foreign currency deposits also increased upto 100 bps effective from January 10, 2023. FCNR(B)/ RFC Depositors will get interest rate up to 5.00% by opening term deposits with Indian Overseas Bank.
