Public-sector lender, Indian Overseas Bank has revised its interest rates to 9.50 per cent under NRE Term deposits of 3 years and above with immediate effect. "Indian Overseas Bank has increased the interest rates under NRE Term Deposits for period of 3 years and above from 9.00 per cent to 9.50 per cent with effect from November 23", , the bank said in a statement. The revised rates would be valid upto November 30, 2013, the statement added.
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