Indian Overseas Bank cuts FD interest rates, new rates applicable from April 11
The interest rate on FDs maturing in 46 days to 90 days came down from 3.90 percent to 3.50 percent.
The bank has reduced the interest rate of fixed deposits below Rs 2 crore by 40 basis points. The new rates have come into effect from April 11, 2022 i.e. today. Changes have been made in the interest rates of FDs maturing in from 7 days to less than one year.
Public Sector Indian Overseas Bank (Indian Overseas Bank) Great news for the customers. IOB (IOB) has fixed deposit ,Fixed Deposit) has cut interest rates. The bank has reduced the interest rate of fixed deposits below Rs 2 crore by 40 basis points. The new rates have come into effect from April 11, 2022 i.e. today. Changes have been made in the interest rates of FDs maturing in from 7 days to less than one year. Earlier, the bank was offering 3.40 per cent interest on FDs with maturities of 7 days to 45 days. However, from today the interest on this will be 3 percent. Similarly, the interest rate on FDs maturing in 46 days to 90 days came down from 3.90 per cent to 3.50 per cent.
Earlier, the bank was offering 4.40 percent interest on FDs maturing in 91 days to 179 days, but now 4 percent interest will be available on FDs of this period. At the same time, the interest rate on FDs less than one year from 180 days was 4.90 percent, which has now come down by 0.40 percent to 4.50 percent.
The news is being updated..
