IOB FD & Saving Account Interest Rate: Government bank Indian Overseas Bank has increased the interest rates of its fixed deposits from April 10 today and also revised the interest rates on savings accounts.
IOB FD Rate Increased: Public sector Indian Overseas Bank (IOB) has decided to increase interest rates on fixed deposits by up to 0.40 per cent. The new rates have come into effect from today i.e. 10 April. IOB gave this information on Sunday. The bank said in a statement that customers will now get up to eight per cent interest on 444-day fixed deposits.
Interest rates on savings bank accounts of Indian Overseas Bank also revised
Indian Overseas Bank has also revised its savings bank account interest and its new savings account interest rates are applicable from today. IOB’s savings account holders will now be able to earn up to 2.90% interest on their savings accounts.
This much interest will be available on IOB’s savings accounts
Savings account holders of Indian Overseas Bank will get up to 2.75% interest on savings account up to Rs 25 lakh. IOB will give interest of up to 2.75 per cent to its account holders on deposit amounts between Rs 25 lakh and Rs 1 crore. The bank will pay 2.90 per cent interest on savings account deposits above Rs 1 crore. These interest rates will also be applicable to domestic, non-resident, NRO and NRE savings accounts.
Know IOB’s new fixed deposit interest rates
IOB has also increased the interest rates of its fixed deposits and under this has increased the interest rate of FDs up to Rs 2 crore. However, while IOB has increased the interest rates of some tenure FDs by up to 0.40 per cent, it has also reduced the interest on many tenure FDs by up to 0.50 per cent. However, the bank’s most popular 444-day FD rates have been increased by 7 per cent. These new rates have come into effect from today.
