
Chennai based Public Sector Bank, Indian Overseas Bank decided to increase the rates offered on term deposits up to 25 basis points.
Now the interest rate offered under term deposits has increased by 25 bps to 3.75% for 46 to 90 days, 5.40% for 1 year to less than 2 years (except 444 days) and 5.45% for 444 Days and 2 Years to less than 3 years. For term deposit above 3 years, interest rate has been increased by 15 bps to 5.60%.
Interest rate for IOB Tax Saver Deposit shall be 5.60%.
For Senior Citizens Additional Interest Rate of 0.50% and for Super Senior Citizens (aged 80 years and above) Additional Interest Rate of 0.75% will be applicable over and above the card rate.
More Stories
IIT Roorkee Leads Comprehensive Study on Advanced Grid-Scale Energy Storage Technologies, Unveiled by Ministry of New and Renewable Energy
New Delhi, 30th November, 2023: Secretary, Ministry of New and Renewable Energy (MNRE), Shri BS Bhalla released a comprehensive study titled "Advanced Grid-Scale Energy Storage Technologies," conducted by IIT Roorkee under the leadership of Prof Arun Kumar in...
Group of entrepreneurs, exhort the electorate of Telangana to exercise their franchise & help shape their own & Telangana’s destiny
[caption id="attachment_60741" align="aligncenter" width="974"] Group of entrepreneurs from BNI Capital Chapter attired as politicians, exhorting the electorate of Telangana to...
Navigating the Future: Companies Leading The Charge in Digital Transformation in Retail and CPG
Packaged Goods (CPG) sectors are undergoing a profound metamorphosis. Digital transformation is no longer an option but a strategic imperative for companies aiming to stay...
The Art of Pairing The French Way
Have you ever wondered how wine and cheese pairs so well! Embark upon a delightful adventure with Novotel Pune and...
C1 (ConvergeOne) Unveils Global Innovation and Capabilities Center in Hyderabad
Hyderabad, 30th November 2023: C1 (formerly ConvergeOne), announced the establishment of its Global Innovation and Capability Center (GICC) in Hyderabad today. C1 is an advanced technology and solutions company...
Geopolitics of Technology takes centre stage: WION to broadcast Carnegie India’s Global Technology Summit 2023
WION, India's first global news network, is thrilled to announce its exclusive partnership as the official broadcast partner for Carnegie...