Changes in Fixed Deposit Rates & BLR From 09/05/2023

India International Bank (Malaysia) Berhad (IIBM) announces the hike (increase) in its Domestic Fixed Deposit Rates and Base Lending Rate from 9th May 2023, in view of the increase in Overnight policy rate (OPR) by 25 basis point by Bank Negara Malaysia on 03rd May 2023.

Domestic Fixed Deposit Rates:

Tenor Current IIBM Rates Revised IIBM Rates*
1M – 2M 2.45 2.70
3M  - 5M 2.70 2.95
6M – 11M 2.80 3.05
12M – 24M 2.85 3.10
36M Negotiable Negotiable
48M Negotiable Negotiable

*With effect from 9th May 2023.

After our 25-basis point hike/increase in the base lending rate, the proposed BLR for our bank stands to be as below:

Base Lending Rates

Current Base Lending Rate Revised Lending Rate*
6.60% 6.85%

*With effect from 9th May 2023.

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