Changes in Fixed Deposit Rates & BLR From 29/01/2020

India International Bank (Malaysia) Berhad (IIBM) announces cut in its Domestic fixed Deposit rates and Base Lending Rate by 25 basis point effective 29th January 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

3.05

2.80

3M  - 5M

3.10

2.85

6M – 11M

3.15

2.90

12M – 24M

3.20

2.95

36M

Negotiable

Negotiable

48M

Negotiable

Negotiable

* With effect from 29th January 2020.

 

Base Lending Rates

Current Base Lending Rate

Proposed Lending Rate

6.85%

6.60%

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