Date:18/09/2008 URL: http://www.thehindu.com/2008/09/18/stories/2008091856801800.htm

Business - Briefly

IOB’s festival offer on 720 days deposits

CHENNAI: On its 72nd year, Indian Overseas Bank (IOB) has announced that it will be offering 10.5 per cent interest annually on domestic term deposits of 720 days as a festival bonanza, effective September 14. Senior citizens will get 0.75 percentage point more on their deposits at 11.25 per cent, the bank says in a release. — Corporate Reporter