Indian overseas bank raises its deposit interest rates
Indian Overseas Bank, one of the leading Public Sector Banks, have hiked the interest rates on Rupees Retail Term Deposits up to 80 bps effective from 15th January 2024.
Now, among all Public Sector Banks, IOB is offering the Highest Interest rates on Rupee Retail Term Deposit for 1 year to less than 2 years’ period.
Depositors will get interest rate up to 7.65%* for the fresh term deposit opened for period of 1 Year to less than 2 years’ period with Indian Overseas Bank.
