Indian Overseas Bank FD Rates: After increasing the repo rate by the Reserve Bank of India (RBI) in the last days, both government and private banks are increasing the loan rate. Along with this, FD rates are also being increased by banks. Now the Indian Overseas Bank of the public sector has given great news to its customers.
FDs of less than 2 crores increased interest rates
Indian Overseas Bank has increased the interest rate on Fixed Deposit (FD Rates) from the bank. The new rates will be applicable from Tuesday, September 13. The bank has increased the interest rates on FDs below Rs 2 crore. If you have lump sum amount then you can also invest it in FD. Let us know about the new interest rate of Indian Overseas Bank-
Indian Overseas Bank New Interest Rates
7-29 Day FD – 3.25%
30-45 Day FD – 3.35%
46-90 Day FD – 3.75%
91-120 Day FD – 4.10%
121-179 Day FD – 4.10%
180-269 day FD – 4.65%
270 day to 1 year FD – 4.65%
1-2 year FD – 5.50%
A special FD of 444 days has been launched by the bank with an interest of 5.60 percent on FD for three years . In this scheme, the customer is getting an interest of 5.65 percent for 444 days. If the customer makes an FD for two to three years, then he will get interest at the rate of 5.60 percent. Apart from this, 6 percent interest will be available on FD of 1000 days.
These banks have also increased the rate on FD , after increasing the repo rate by RBI, many banks have changed the interest rate of FD. Private sector Axis Bank has also changed FD rates. The bank has increased the interest rate by 25 basis points. Which has come into effect from 9 September.
