Mumbai: Public sector lender Indian Overseas Bank (IOB) said it has hiked the interest rates on Domestic/NRO/NRE and FCNR(B) term deposits with effect from December 10.
Domestic/NRO/NRE depositors will get interest rate up to 7.30 per cent by opening term deposit with the IOB for a period of 444 days and up to 7.25 per cent for a period of three years and above.
Foreign currency depositors shall be paid interest rate up to 4.25 per cent by opening FCNR(B)/RFC term deposits.
