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Bank FD: This public sector bank made a big change in the rates of FD, check rates quickly

Bank Fixed Deposit: If you have a plan to make a fixed deposit in the bank, then this is the news of your work. Public sector Indian Overseas Bank (IOB) has also changed interest rates. The bank has used scissors on the interest received on fixed deposits. The new interest rates of the bank have come into effect from today i.e. from April 11. The bank has cut interest rates on FDs of less than Rs 2 crore. Let us tell you at what rate the bank will now give the benefit of interest to the customers-

40 basis point deduction
Indian Overseas Bank has cut interest rates by 40 basis points. After this deduction, the bank is giving the benefit of interest ranging from 3 percent to 5.45 percent to the customers. From the bank, customers get the facility of fixed deposits ranging from 7 days to 10 years.

Let’s check the latest rates of FD-


how much interest
Let us tell you that the bank is currently giving the benefit of 3 percent interest to the customers on FDs of 7 days to 45 days. At the same time, interest at the rate of 3.50 percent is being given on fixed deposits of 46 days to 90 days. The bank is giving interest at the rate of 4.00 percent on fixed deposits from 91 days to 179 days.

How much is the benefit on 444 days FD
Apart from this, interest is being given at the rate of 4.50 percent on FDs ranging from 180 days to less than 1 year. Interest will be available at the rate of 5.15 percent on FDs ranging from one year to less than 2 years. At the same time, the benefit of 5.20 percent is being available on FD of 444 days.

Many banks have changed interest rates
Let us tell you that the bank is giving the benefit of interest at the rate of 5.45 percent on FDs of 3 years and more days. Let us tell you that before this, many banks including HDFC Bank, SBI, PNB have changed the interest rates.

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