This bank has cut FD interest rates by 40 bps

[IndiaInsurance]

https://img.etimg.com/photo/90791778.cms (https://economictimes.indiatimes.com/wealth/invest/this-bank-has-cut-fd-interest-rates-by-40-bps/articleshow/90791778.cms)In an unexpected move, Indian Overseas Bank (IOB) has lowered FD interest rates for various short-term tenures by 40 basis points at a time when other banks are increasing their bank fixed deposit interest rates.

More... (https://economictimes.indiatimes.com/wealth/invest/this-bank-has-cut-fd-interest-rates-by-40-bps/articleshow/90791778.cms)