Interest For Lenders To Increase From April 10, Says Indian Overseas Bank
In a major development, the Public sector lender Indian Overseas Bank has decided to revise the interest rate. As per sources, the bank in a statement said, they will revise the interest rates on term deposits by upto 40 basis points from April 10. With this, depositors will receive interest rates upto 8% by opening term deposit for a period of 444 days, confirmed the bank.