India International Bank (Malaysia) Berhad (IIBM) announces cut in its Domestic fixed Deposit rates and Base Lending Rate by 50 basis point effective 13th May 2020, in line with the CUT in the Overnight Policy Rate (OPR) by 50 basis points by BNM.
Domestic Fixed Deposit Rates:
| Tenor | Current IIBM Rates | Revised IIBM Rates |
| 1M – 2M | 2.55 | 2.05 |
| 3M - 5M | 2.60 | 2.10 |
| 6M – 11M | 2.65 | 2.15 |
| 12M – 24M | 2.70 | 2.20 |
| 36M | Negotiable | Negotiable |
| 48M | Negotiable | Negotiable |
*With effect from 13th May 2020
Base Lending Rates
| Current Base Lending Rate | Proposed Lending Rate |
| 6.35% | 5.85% |
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