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breaking news Indian Overseas Bank revises interest rates


The public sector Overseas Bank of India has revised interest rates on its non-resident (bank) term deposits in national currencies with immediate effect, the city-based lender announced on Saturday.

Depositors of non-resident national aliens would receive interest rates of up to 7.30% by opening a term deposit with a term of 444 days and up to 7.25% for a period of three years and more, Indian Overseas Bank said in a statement. .

Foreign currency depositors will receive an interest rate of up to 4.25% by opening FCNR(B) term deposits with the bank, he said.

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(Edited by : Sudarsanan Mani)


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