Table of Contents
Is IOB safe for investments?
Thus, Indian Overseas Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is. Loan against FD: The investment made in an FD scheme is not only a reliable investment option but can also act as an asset.
Is UCO Bank good investment?
UCO Bank (NSE: UCOBANK) As on 15th Dec 2021 UCOBANK Share Price closed @ 13.40 and we RECOMMEND Buy for LONG-TERM with Stoploss of 13.27 & Sell for SHORT-TERM with Stoploss of 13.85 we also expect STOCK to react on Following IMPORTANT LEVELS.
Is IOB safe for FD?
Indian Overseas Bank Fixed Deposit Rate It is considered a safe and secure avenue. It is categorized as a debt instrument; these instruments provide a higher interest rate compared to savings account. Hence, many people tend to move excess funds in savings account into fixed deposits.
Is UCO bank is safe?
I am using UCo bank Saving account which i am using for the past 6 years ,Customer service is really good and there was no drawbacks faced so far ,Each and every transaction is safe and secure as well as banking service is also convenient according to me . Net Banking service is pretty useful and easy to use as well.
Is UCO Bank merged with any bank?
What’s also noteworthy is the fact that the government has announced capital infusion worth more than 55,000 crore into public sector banks (PSBs)….Corporation Bank and Andhra Bank with Union Bank of India.
| PSBs | Capital Infusion (In ₹) |
|---|---|
| UCO Bank | 2,100 Crore |
| United Bank of India | 1,600 Crore |
| Punjab and Sind Bank | 750 Crore |
What is the interest rate of IOB?
IOB Domestic FD Interest Rates – Below Rs. 2 Crore
| Tenure | Interest rate for genral public (p.a.) | Interest rate for senior citizens (p.a.) |
|---|---|---|
| 46 days to 90 days | 3.90\% | 4.40\% |
| 91 days to 179 days | 4.40\% | 4.90\% |
| 180 days to less than 1 year | 4.90\% | 5.40\% |
| 1 year to less than 2 years | 5.15\% | 5.65\% |
What is the interest rate for savings account in IOB?
3.5\% to 3.75\%
Indian Overseas Bank (IOB) Savings Account
| Indian Overseas Bank Savings Account | Details |
|---|---|
| Minimum Balance Requirement | • Rs.5 to Rs. 100 onward • Facility of zero balance account is also available |
| Interest Rate | • 3.5\% to 3.75\% |