The Hindu : Business / Briefly : IOB raises term deposit rates

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Tuesday, Dec 19, 2006
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IOB raises term deposit rates

CHENNAI: Indian Overseas Bank has revised upward the interest rates on term deposits ranging from 25 basis points to 100 basis points for various maturities. The revised rate for 7-14 days has been fixed at 3.50 per cent, for 30-45 days at 4.75 per cent, 46-90 days at 5.25 per cent, 91-180 days at 6 per cent, 181-270 days at 6.75 per cent, 271-days to less than 12 months at 7 per cent, 12 months to 24 months at 7.50 per cent, 24 months to less than 30 months at 7.60 per cent, 30 months to less than 36 months at 7.70 per cent and for 36 months and above at 7.75 per cent.

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