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Sunday, November 24, 2013

Indian Overseas Bank offers higher NRE term deposit rates

Public sector Indian Overseas Bank has revised its interest rates upwards to 9.50 per cent under NRE Term deposits of 3 years and above with immediate effect.

"Indian Overseas Bank has increased the interest rates under NRE Term Deposits for period of 3 years and above from 9.00 per cent to 9.50 per cent with effect from November 23", a bank statement said.

The revised rates would be valid upto November 30, 2013, the statement added.

Source: thehindubusinessline
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