Date:05/09/2008 URL: http://www.thehindu.com/2008/09/05/stories/2008090553661800.htm

Business - Briefly

IOB reduces rates on NRE term deposits

CHENNAI: Indian Overseas Bank has made downward revision of interest rates on NRE term deposits. According to a release, the bank is offering 3.21 per cent for one year to less than two years against 3.25 per cent previously for the same period, 3.31 per cent for two years to less than three years (3.50 per cent), 3.63 per cent for three years to less than five years (3.86 per cent).

— Corporate Reporter