Chennai, July 12 :From today, the public sector Indian Overseas Bank
increased the interest rates offered on the medium term deposits by 5 basis
points.
Now the interest rates offered under term deposits above one year to less than
two years will be 5.45% and for 444 days will be 5.50%.
Further, the bank has increased the interest rate on NRE Term Deposits by 10 bps
across all tenors. The revised interest rates are in the range of 5.50% to 5.70%, a
release from IOB said.(UNI)