Date:07/10/2008 URL: http://www.thehindu.com/2008/10/07/stories/2008100756131500.htm

Business - Briefly

IOB revises NRE term deposit rates

CHENNAI: Indian Overseas Bank has revised upward interest rates on NRE term deposits for one year to less than two years to 4.46 per cent against 3.71 per cent earlier. For two years to less than three years, the rate has been reduced to 3.76 per cent (3.81 per cent). For three years to less than five years, the revised rate is 4.06 per cent (4.13 per cent). The revised rates were effective October 1, says a release.