Indian Overseas Bank raises fixed deposit interest rates: Examine the specifics
The Indian Overseas Bank (IOB), a public sector lender, raised interest rates on fixed deposits of less than 2 crore rupees.
According to the bank's website, the new interest rates will go into effect on July 12, 2022.
The bank raised interest rates on fixed deposits with maturities ranging from one year to less than two years and 444 days.
The Senior Citizens Additional Rate of 0.50 percent and the Super Senior Citizens Additional Rate of 0.75 percent continue
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