{"id":30883,"date":"2022-10-10T13:42:12","date_gmt":"2022-10-10T08:12:12","guid":{"rendered":"https:\/\/www.vyapaarjagat.com\/category\/?p=30883"},"modified":"2022-10-10T13:42:23","modified_gmt":"2022-10-10T08:12:23","slug":"io-bank-increases-interest-rates","status":"publish","type":"post","link":"https:\/\/www.vyapaarjagat.com\/category\/press-releases\/io-bank-increases-interest-rates\/","title":{"rendered":"Indian Overseas Bank Increases Interest Rates on Deposits"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Indian Overseas Bank, a Public sector bank has <strong>increased<\/strong> the interest rates offered on retail term deposits post-Monetary Policy Committee meeting of RBI. The bank has increased the interest rates for short-term deposits by35 basis points and for medium-term deposits <strong>by 10 to 20 bps<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Now, the interest rates offered under term deposits opened for <strong>7 days to 45 days<\/strong> will garner <strong>3.60%<\/strong> as against 3.25%. The bank is offering an interest rate of <strong>5.85% <\/strong>for <strong>444 days as against <\/strong>5.65% earlier and for <strong>1 Year to less than 3 Yearthe rate has been revised to 5.70% as against <\/strong>5.60%<strong>.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Further, the bank has also increased the interest rate on <strong>NRE Term Deposits<\/strong> by <strong>10 to 20 bps<\/strong> across all tenors. The revised interest rates are in the range of <strong>5.75% to 5.85%<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The revised rates are effective from 10.10.2022.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Overseas Bank, a Public sector bank has increased the interest rates offered on retail term deposits post-Monetary Policy Committee meeting of RBI. The bank has increased the interest rates for short-term deposits by35 basis points and for medium-term deposits by 10 to 20 bps. Now, the interest rates offered under term deposits opened for [&hellip;]<\/p>\n","protected":false},"author":283,"featured_media":30884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[2360],"tags":[6997,6998,6996,7000,7001,6999,2647,7002],"class_list":["post-30883","post","type-post","status-publish","format-standard","has-post-thumbnail","category-press-releases","tag-increases-interest-rates","tag-increases-interest-rates-on-deposits","tag-indian-overseas-bank","tag-nre-term-deposits","tag-post-monetary-policy-committee","tag-public-sector-bank","tag-rbi","tag-today-bank-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.vyapaarjagat.com\/category\/wp-json\/wp\/v2\/posts\/30883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vyapaarjagat.com\/category\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vyapaarjagat.com\/category\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vyapaarjagat.com\/category\/wp-json\/wp\/v2\/users\/283"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vyapaarjagat.com\/category\/wp-json\/wp\/v2\/comments?post=30883"}],"version-history":[{"count":0,"href":"https:\/\/www.vyapaarjagat.com\/category\/wp-json\/wp\/v2\/posts\/30883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vyapaarjagat.com\/category\/wp-json\/wp\/v2\/media\/30884"}],"wp:attachment":[{"href":"https:\/\/www.vyapaarjagat.com\/category\/wp-json\/wp\/v2\/media?parent=30883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vyapaarjagat.com\/category\/wp-json\/wp\/v2\/categories?post=30883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vyapaarjagat.com\/category\/wp-json\/wp\/v2\/tags?post=30883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}