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Chennai based public sector bank, Indian Overseas Bank introduced a special maturity period bucket of 1000 days for Domestic/NRO Retail Term deposit w.e.f. 13.09.2022 of 6.50% *
(* For Senior Citizens)
For others Bank offers 6.00% for Special Maturity period bucket of 1000 days for Domestic/NRO Retail Term deposit.
Part B
Chennai based public sector bank, Indian Overseas Bank has increased the offered rate from 10 to 35 basis points Maximum for term deposit for all buckets as follows
The revised rates are effective from 13.09.2022 as under
Domestic/NRO Retail Term Deposits
|
Period of Deposit |
Revised Rates For deposits below Rs.2 Crore W.E.F.13.09.2022(in %) |
|
7- 14 days* |
3.25 |
|
15-29 days |
3.25 |
|
30-45 days |
3.35 |
|
46-60 days |
3.75 |
|
61-90 days |
3.75 |
|
91-120 days |
4.10 |
|
121-179 days |
4.10 |
|
180-269 days |
4.65 |
|
270 days to < 1 year |
4.65 |
|
1 year to <2 years (except 444 days) |
5.60 |
|
444 days |
5.65 |
|
2 yrs to < 3 yrs (except 1000 days) |
5.60 |
|
1000 days |
6.00 |
|
3 yrs and above |
5.85 |
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