Indian Overseas Bank Base Rate - 2017-2018 StudyChaCha

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  #1  
Old April 7th, 2016, 07:21 PM
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Default Indian Overseas Bank Base Rate

Hello, I want to know the details of the base rates offered by the Indian Overseas Bank. Please provide me.
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  #2  
Old April 8th, 2016, 10:08 AM
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Default Re: Indian Overseas Bank Base Rate

Hello, here I am providing you the details of the base rates offered by the Indian Overseas Bank as under:

Base rate:
Revision of Base Rate from 10.05% to 9.90% with effect from 20.07.2015
Increase in BPLR from 15 % to 15.50% with effect from 05.12.2011

NATURE RATE OF INTEREST
NORMAL SENIOR CITIZEN
ACCOUNT
1. Savings Bank A/c.
A. Domestic
a. With cheque book facility 4 4
b. Without cheque book facility 4 4
c. No Frills Account 4 4
B. Non Resident
a. NRO 4 4
b. NRE 4 4

Term Deposit Interest Rates (w.e.f. 30.09.2015)
Up to Rs 1 Crore
7 days - 14 days 4
15 days - 29 days 4
30 days - 45 days 4
46 days - 60 days 4
61 days - 90 days 4.5
91 days - 120 days 5
121 days - 179 days 5
180 days - 269 days 5.75
270 days -< 1 year 6.25
1 yr - < 2 yrs 7.5
2 yrs to 3 yrs 7.25
> 3 Yrs - < 5 Yrs 7.25
5 Yrs & above 7.25
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