Changes in Fixed Deposit Rates & BLR From 19/07/2022

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
36M Negotiable Negotiable
48M Negotiable Negotiable

*With effect from 19th July 2022 on Fresh and Renewal Deposits.

Base Lending Rates

Current Base Lending Rate Proposed Lending Rate*
5.85% 6.10%

*With effect from 19th July 2022.

For more information please contact us at +603 - 2026 1767