Indian Overseas Bank reduces Repo Linked Lending Rate to 7.25%

Indian Overseas Bank has decided to pass on the Repo Rate cut to RLLR Linked advances and the effective Repo Linked Lending Rate (RLLR) will be 7.25% (i.e. 4.40% + 2.85% = 7.25%) with effect from 01 April 2020. Reset of interest rate for existing RLLR linked account will be done from 01 April 2020.

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