India International Bank (Malaysia) Berhad (IIBM) announces cut in its Domestic fixed Deposit rates and Base Lending Rate by 25 basis point effective 13th July 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 | 2.05 | 1.80 |
3M - 5M | 2.10 | 1.85 |
6M – 11M | 2.15 | 1.90 |
12M – 24M | 2.20 | 1.95 |
36M | Negotiable | Negotiable |
48M | Negotiable | Negotiable |
*With effect from 13th July 2020
Base Lending Rates
Current Base Lending Rate | Proposed Lending Rate |
5.85% | 5.60% |
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