Indian Overseas Bank Hikes Interest Rates Public sector Indian Overseas Bank (IOB), a public sector bank, celebrated its 88th annual Foundation Day on February 10, 2023, by unveiling plans for expansion and launching a range of financial products. IOB announced the opening of 88 new branches across the country and a 20 bps increase in interest rates on retail term deposits for the 444-day bucket, effective from February 10, 2024. Now retail term depositors will get an interest rate of 7.30 per cent, Senior Citizens will get 7.80 per cent, and Super Senior Citizens to get 8.05 per cent for the fresh term deposit opened for 444 days. The offer is valid till March 3, 2024.Further, IOB…
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Indian Overseas Bank Hikes Interest Rates, Launches New Products, Expands Network
