If you are also a customer of Indian Overseas Bank and you have opened your FD in it, then there is good news for you. This is because the bank has increased the interest rates on its fixed deposits. Yes, IOB has given great relief to its customers in inflation. In such a situation, if you are also planning to invest in fixed deposits, then there is a great opportunity.
Let us tell you, Indian Overseas Bank has increased the interest rates on fixed deposits by 0.40 percent. All these interest rates have come into effect from today i.e. 10th April.
According to the information received from the bank, IOB is offering 444 days special fixed deposit. In which the bank is giving 8% interest to the investors. At the same time, the bank is also offering excellent interest of up to 2.90 per cent to the customers on its savings account.
These are the new interest rates
4.00 percent on 29 days FD
4.25 percent on FDs of 30 days to 90 days
4.50 percent on FDs of 91 days to 179 days
4.95 percent on FDs of 180 days to 269 days
5.35 percent on 270 days to 1 year FD
6.50% on Special FD for 444 days
6.50 percent on FD from 2 years to less than 3 years
6.50 percent on FDs of more than 3 years
2.90 percent interest will also be available on savings account
Let me tell you, IOB has also given relief to its savings account holders in rising inflation. The bank is offering a handsome interest of 2.75% on its savings account deposits between Rs 25 lakh and Rs 1 crore. While savings account holders are being given interest of up to 2.90 per cent on deposits of Rs 1 crore or more. Its special thing is that all these interest rates, normal, non-resident, NRO and NRE savings account holders will also get its benefit.
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