India International Bank (Malaysia) Berhad (IIBM) announces increase in its Domestic fixed Deposit rates and Base Lending Rate effective 19th July 2022, in line with the increase 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||1.70||1.95|
|3M - 5M||1.65||2.20|
|6M – 11M||1.55||2.30|
|12M – 24M||1.55||2.35|
*With effect from 19th July 2022 on Fresh and Renewal Deposits.
Base Lending Rates
|Current Base Lending Rate||Proposed Lending Rate*|
*With effect from 19th July 2022.
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