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.