3 months ago
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Indian Overseas Bank (IOB) of the nationalist assemblage has announced the instauration of a caller 444-day Non-Callable Retail Term Deposit strategy offering higher involvement rates for wide nationalist and elder citizens.
As deliberated successful the Asset Liability Management Committee (ALCO) gathering held connected February 11, 2026, the slope has decided to upgrade its retail deposit offerings with an charismatic involvement complaint of 6.65% for the wide public, effective from February 16, 2026.
To supply superior worth to elder citizens, the slope has besides announced enhanced rates nether this caller scheme. Senior Citizens (aged 60 years and above) volition person a full involvement complaint of 7.15%, portion Super Senior Citizens (aged 80 years and above) volition payment from an involvement complaint of 7.40%, the slope said.
“This strategical determination to present the non-callable variant reflects Indian Overseas Bank’s absorption connected catering to the evolving fiscal needs of its divers lawsuit basal and strengthening its retail deposit portfolio,” it added.
