Indian Overseas Bank (IOB) commemorated its 88th Foundation Day on 10 February 2024 in Chennai, Tamil Nadu.
Banking & Finance
Indian Overseas Bank (IOB) commemorated its 88th Foundation Day on 10 February 2024 in Chennai, Tamil Nadu. Indian Overseas Bank has drawn up expansion plans to open 88 new branches during the year commemorating the 88th Foundation Day celebrations. The Chennai-headquartered bank marking the occasion unveiled RuPay Credit Card variants, IOB Freedom Savings and Current Account Variant and Digital Documents Execution for online locker agreements. Meanwhile, Indian Overseas Bank has increased the interest rates on Rupees Retail Term Deposits for 444 days by 20 basis points with immediate effect. Retail term depositors would receive an interest rate of 7.30 percent, senior citizens 7.80 percent, and Super Senior Citizens 8.05 percent on term deposits with 444 days.
Indian Overseas Bank (IOB) commemorated its 88th Foundation Day on 10 February 2024 in Chennai, Tamil Nadu.
After paying rich tributes to the late M Ct M Chidambaram Chettiyar, who founded the bank on this day in 1937, the bank's Managing Director Ajay Kumar Srivastava said they plan to open 88 new branches during the year.
Headquarters- Chennai
Founders- S. Rm. M. Annamalai Chettiar, V. Krishnaswamy Iyer, S. Rm. M. Ramaswami Chettiar
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