INDIAN OVERSEAS BANK INCREASES INTEREST RATES ON DEPOSITS
Chennai based public sector bank, Indian Overseas Bank, decided to increase the interest rates offered on the medium as well as long-term deposits by 10 basis points. Now the interest rates offered under term deposits for 3 Years and above will be 5.70% and for 444 days will be 5.60%.
The revised rates are effective from 10.08.2022.