Date:13/11/2004 URL: http://www.thehindu.com/2004/11/13/stories/2004111305621600.htm

Business - Briefly

IOB revises NRE deposit rates

THIRUVANANTHAPURAM: Indian Overseas Bank has revised the interest rates on NRE deposits with effect from November 1, says a release from the regional office the bank here. The new rate of interest is 3 per cent for deposits of one year to less than two years, 3.4 per cent for two years to less than three years and 3.7 per cent for three years to less than five years. — Our Special Correspondent