Date:05/07/2008 URL: http://www.thehindu.com/2008/07/05/stories/2008070551531600.htm

Business - Briefly

IOB raises rates on NRE term deposits

CHENNAI: Indian Overseas Bank has made upward revision of interest rates on NRE term deposits. The bank is offering a higher rate of 3.31 per cent for 1 year to less than two years against 3.16 per cent previously, 3.60 per cent for two years to less than three years (3.46 per cent) and 3.95 per cent for three years to less than five years (3.81 per cent). — Corporate Reporter