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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.

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