Domestic/NRO/NRE depositors will get an interest rate of up to 7.75% by opening term deposit for a period of 444 days, the lender said in a statement.
| Photo Credit: RAGU R
Public sector lender Indian Overseas Bank (IOB) has raised the interest rates on rupee-denominated retail term deposits by up to 45 basis points (bps) with effect from Tuesday .
Domestic/NRO/NRE depositors will get an interest rate of up to 7.75% by opening term deposit for a period of 444 days, the lender said in a statement.
Interest rate on foreign currency deposits also has also been increased by up to 100 bps  effective Tuesday . FCNR(B)/RFC depositors will get an interest rate of up to 5% by opening term deposits.
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