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Indian Overseas BankFixed Deposit

3.40% - 5.20%
Interest rates
3 months - 10 years
Time Period
1 lakh - no limit
Min. - Max amount
QUARTERLY
Compounding

About Indian Overseas Bank

Indian Overseas Bank, a major public sector bank based out of Chennai, offers multiple FD options to its customers to park their money. The competitive Indian Overseas Bank FD rates help the customers to earn substantial returns on their investment. The rates differ depending on the amount of principal invested and the selected tenure. IOB provides comparatively higher interest rates to senior citizens than general citizens.

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Started On1937
Head QuartersChennai
CRISIL RatingNA
CEOPartha Pratim Sengupta
Listed on exchange asIndian Overseas Bank
ICRA RatingNA

Latest Indian Overseas Bank Interest Rates

TenureRegular customersSenior citizens
7-14 Days
3.4
3.9
15-29 Days
3.4
3.9
30-45 Days
3.4
3.9
46-60 Days
3.9
4.4
61-90 Days
3.9
4.4
91-120 Days
4.4
4.9
4.4
4.9
180-269 Days
4.9
5.4
270 Days to < 1 Year
4.9
5.4
1 Year to < 2 Years (except 444 days)
5.15
5.65
444 Days
5.2
5.7
2 Years to < 3 Years
5.2
5.7
3 Years to 10 years
5.2
5.7

Features & Benefits of Indian Overseas Bank

  • The IOB FD tenure ranges from 7 days to 10 years
  • Nomination facility is available
  • Loan facility up to 90% of the principal
  • Interest against FD is provided on a half-yearly basis
  • Senior citizens can avail of 0.50% extra interest rates
  • The minimum deposit amount required to book an FD with IOB is Rs. 1000
  • Competitive interest rates provided on short term deposits also

Types of Indian Overseas Bank Schemes

Indian Overseas Regular Fixed Deposit Scheme
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Reinvestment Deposit
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IOB Eighty Plus TD
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Vardhan – Deposit of Senior Citizens
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Tax Saver Scheme
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Term-wise interest rates

Short-term Deposits
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Medium-term Deposits
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Long-term Deposits
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Comparison of FD Rates

NameTenureInterest rate
AXIS Bank
3 months - 10 years
2.50% - 5.75%
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SBI Bank
3 Months - 10 Years
2.90% - 5.40%
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Equitas Bank
3 months - 10 years
3.50% - 6.50%
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Bajaj Finance
1 year - 5 years
5.65% - 6.50%
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HDFC Bank
3 months - 10 years
2.50% - 5.50%
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ICICI Bank
3 months - 10 years
2.50% - 5.50%
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Canara Bank
3 months - 10 years
2.95% - 5.50%
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Bank of Baroda
3 months to 10 years
2.80% - 5.25%
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Punjab National Bank
3 months - 10 years
3.00% - 5.25%
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IDBI Bank
3 months - 20 years
2.70% - 4.80%
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Indian Bank
3 months - 10 years
2.90% - 5.25%
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UCO Bank
3 months - 10 years
2.75% - 5.00%
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Yes Bank
3 months - 10 years
3.25% - 6.50%
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Bank of India
3 months - 10 years
2.85% - 5.15%
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Post Office
1 year - 5 years
5.50% - 6.70%
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Union Bank of India
3 months - 10 years
3.00% - 5.60%
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RBL Bank
3 months -20 years
3.25% - 6.00%
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IDFC First Bank
3 months - 10 years
2.75% - 4.20%
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LIC
1 Year - 5 Years
5.25% -6.00%
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Saraswat Bank
3 Months - 10 Years
3.10% - 6.35%
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City Union Bank
3 Months - 10 Years
3.00% - 5.25%
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Co-operative Banks
1 Year -5 Years
6.00% - 6.35%
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Bandhan Bank
3 months - 10 years
3.00% - 5.00%
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DBS Bank
3 months - 10 years
2.50% - 5.50%
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Citibank
3 months - 5 years
1.85% - 3.5%
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ICICI Home Finance
1 year - 10 years
5.70% - 6.65%
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Federal Bank
3 months - 10 years
2.5% - 5.6%
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AU Small Finance Bank
3 months - 10 years
3.5% - 6.25%
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Fincare Small Finance Bank
3 months - 7 years
3.00% - 5.50%
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Jana Small Finance Bank
3 months - 10 years
2.5% - 6%
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Ujjivan Small Finance Bank
3 months - 10 years
3.05% - 5.80%
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Utkarsh Small Finance Bank
3 months - 10 years
3.00% - 6.75%
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Karnataka Bank
3 months - 10 years
3.40% - 5.60%
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Karur Vysya Bank
3 months - 10 years
3.25% - 3.50%
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Jammu and Kashmir Bank
3 months - 10 years
2.90% - 4.00%
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South Indian Bank
3 months - 10 years
3.50% - 5.50%
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Punjab and Sind Bank
3 months - 10 years
3.00% - 5.30%
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Standard Chartered Bank
7 days - 5 years
1.75% - 5.35%
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HSBC Bank
7 days - 5 years
2.25% - 4.00%
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Shriram Transport Finance
1 year - 5 years
7.01% - 7.95%
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Tamilnad Mercantile Bank
3 months - 10 years
3.50% - 5.50%
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IndusInd Bank
3 months - 10 years
2.50% - 5.50%
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Bank of Maharashtra
3 months to 10 years
2.75% -4.90%
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Central Bank of India
3 months - 10 years
2.75% - 5.00%
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Kotak Mahindra Bank
3 months - 10 years
2.50% - 5.25%
More Details
DHFL
1 year - 10 years
8.25% - 8.95%
More Details
DCB Bank
3 months - 10 years
4.35% - 5.95%
More Details

FAQs

What is the highest rate of interest provided on IOB FD?

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Who all are eligible to open IOB FD?

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What is the minimum amount needed to open an FD account in IOB?

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What are the current interest rates provided by IOB on FD?

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Is premature withdrawal allowed in IOB FD?

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Calculate Indian Overseas Bank FD Interest
Investment Amount
₹25,000
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Indian Overseas Bank
0
@5.15% p.a
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online upto 0%
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