Bank FD Rate Hike : This government bank has increased the interest rates on FD, you will get 7.30% interest for 444 days, check rates

Fixed deposits: Indian Overseas Bank has increased the interest rates on FDs of lower than Rs 2 crore. The new FD interest rates of the bank will be relevant from April 15, 2023.

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The Reserve Bank of India (RBI) didn’t make any change in the coverage charge repo for the seventh consecutive time in the first bi-monthly financial coverage evaluation of the present monetary 12 months on April 5, 2024 and saved it at 6.5 p.c. At the identical time, the public sector Indian Overseas Bank, established on 10 February 1937, has increased the interest rates on fastened deposits i.e. FD.

The bank has increased the interest rates for choose tenures by 0.50 p.c. According to the official web site of the bank, the bank has modified the interest rates for FDs lower than Rs 2 crore. The new FD interest rates of the bank will be relevant from April 15, 2023.

7.30 p.c interest will be accessible for 444 days.
After the change, the bank will give most interest of seven.30 p.c on FD of 444 days. The bank will proceed to supply further 0.50 per cent interest on the normal charge to senior residents and 0.75 per cent interest to its tremendous senior residents.

New FD rates of Indian Overseas Bank:

The bank is providing its clients 4 p.c on FD of seven days to 14 days, 4.5 p.c on FD of 15 days to 29 days, 4.5 p.c on FD of 30 days to 45 days and 46 p.c to 60 days. Will give 4.5 p.c interest on FD. Whereas the bank will give 4.25 p.c interest on FD of 61 days to 90 days, 4.75 p.c interest on FD of 91 days to 120 days and 4.25 p.c interest on FD of 121 days to 179 days.

On the different hand, the bank provides 5.75 p.c interest on FDs of 180 days to 269 days, 5.75 p.c interest on FDs of 270 days to lower than 1 12 months and 6.90 p.c interest on FDs of 1 12 months to lower than 2 years (besides 444 days). Will give.

Post Office Superhit Scheme: In this scheme of Post Office, you will get pension of Rs 5000 each month on funding of Rs 210.

Bank FD Interest Rate : Customers are getting greater than 9% interest on FD in these 3 banks; Check full listing

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