IOB Introduces 2 New Deposit schemes
Indian Overseas Bank is the leading nationalized bank in India. IOB has recently introduced two new deposit schemes. The first scheme is for 333 days and the rate of interest in 7.75 % per annum. Another deposit scheme is for 555 days and this scheme offers 8% interest per year.
This scheme is effective from today. If you are a senior citizen you will get 0.75% more interest for investment upto Rs. 25 lac.
Traditionally bank investment (Fixed Deposits) have been safe and reliable. Especially aged people prefer Bank deposits to shares and stock market. Because it is their lifetime savings and they depend on that money. If you belong to this category go and deposit your money with banks without hesitation.
