Indian Overseas Bank increases interest rates on deposits from Jan 10, 2023

Indian Overseas Bank, one of the leading Public Sector Bank has hiked the interest rates on Rupees Retail Term Deposits up to 45 bps effective from January 10, 2023.

Domestic / NRO / NRE depositors will get interest rate upto 7.75% by opening term deposit for period of 444 days with Indian Overseas bank.

Interest Rate on Foreign currency deposits also increased upto 100 bps effective from January 10, 2023. FCNR(B)/ RFC Depositors will get interest rate up to 5.00% by opening term deposits with Indian Overseas Bank.

Shares of Indian Overseas Bank was last trading in BSE at Rs. 30.85 as compared to the previous close of Rs. 30.95. The total number of shares traded during the day was 4315287 in over 4148 trades.

The stock hit an intraday high of Rs. 31.40 and intraday low of 30.70. The net turnover during the day was Rs. 134119278.00.

Source : Equity Bulls

Keywords

IndianOverseasBank INE565A01014 IOB InterestRate Increase Hike Deposits