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 Money & Banking - Fixed Deposits


IOB to pay more on bulk deposits

Our Bureau

Chennai , Aug. 16

INDIAN Overseas Bank will pay 25 basis points (0.25 per cent) above the normal rates, for bulk deposits of Rs 5 crore and above for periods of 91 days and above.

The revised rates come into effect from August 16.

The normal rate for deposits above 7 days and upto 179 days is 4 per cent.

More Stories on : Fixed Deposits | Public Sector Banks | Interest Rates

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