India International Bank (Malaysia) Berhad (IIBM) announces cut in its Domestic fixed Deposit rates and Base Lending Rate by 25 basis point effective 10th March 2020, in line with the CUT in the Overnight Policy Rate (OPR) by 25 basis points by BNM.
Domestic Fixed Deposit Rates:
|
Tenor |
Current IIBM Rates |
Revised IIBM Rates |
|
1M – 2M |
2.80 |
2.55 |
|
3M - 5M |
2.85 |
2.60 |
|
6M – 11M |
2.90 |
2.65 |
|
12M – 24M |
2.95 |
2.70 |
|
36M |
Negotiable |
Negotiable |
|
48M |
Negotiable |
Negotiable |
* With effect from 10th March 2020.
Base Lending Rates
|
Current Base Lending Rate |
Proposed Lending Rate |
|
6.60% |
6.35% |
For more information please contact us at +603 - 2026 1767