Indian Overseas Bank increases interest rates on Deposits from April 10, 2023

Indian Overseas Bank, one of the leading Public Sector Bank has hiked the interest rates on Rupees Retail Term Deposits up to 40 bps effective from April 10, 2023.

Depositors will get interest rate upto 8.00% by opening term deposit for period of 444 days with Indian Overseas bank.

Shares of Indian Overseas Bank was last trading in BSE at Rs. 22.91 as compared to the previous close of Rs. 22.86. The total number of shares traded during the day was 3282999 in over 3285 trades.

The stock hit an intraday high of Rs. 23.48 and intraday low of 22.68. The net turnover during the day was Rs. 75697531.00.

Source : Equity Bulls

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IndianOverseasBank INE565A01014 InterestRate Increase