Fixed deposit interest rate below 2Cr has been appreciated at the Overseas Bank of India (IOB). According to the bank’s official website, the new rate will come into effect on October 10, 2022. The bank has increased rates by up to 35 bps on multiple maturities in response to the change. IOB is currently offering fixed deposit rates from 3.60% to 5.85% for maturities from 7 days to 10 years. While the highest fixed deposit interest rate of 1000 days is currently 6.00%.