IOB FD Rates 2024, Indian Overseas Bank FD Rates, IOB FD, आईओबी सावधि जमा (एफडी) दरें, IOB FD Interest Rates, आईओबी एफडी ब्याज दरें, IOB FD Rates, IOB FD Interest Rates, आईओबी एफडी ब्याज दरें, Indian Overseas Bank hikes FD Interest Rates, IOB Fixed Deposits Rates.
Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai, It has created many milestones in the Indian banking sector. At the time of nationalisation, IOB was one of the 14 major banks taken over by the Government of India, IOB is now aggressively focusing on ‘Digital Banking’ with a view to do away with all documents like cheques, pay-in slips, demand drafts through its robust digital platform.
Through digital banking IOB wants to offer its customers the luxury of free access and handling of all traditional banking activities 24×7 without having to visit a bank branch in person to complete one’s work.
Digital Banking with IOB makes it possible to make Fixed Deposits through a laptop, tablet or one’s mobile phone Over the past few years, digital banking has completely changed the way IOB and its customers interact.
IOB FD Rates
- Indian Overseas Bank (IOB) allows customers to choose from a long list of fixed deposit options.
- FD rates offered by IOB are higher for senior citizens as compared to general population.
- Bank offers other benefits like nomination facility, automatic renewal and various interest payment options.
- The bank also offers various fixed deposit products like NRO, NRE, RFC and FCNR fixed deposits for NRIs.
- Indian Overseas Bank Foreign Currency FCNR Fixed Deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD), Swiss Franc (CHF) The bank agrees.
- Indian Overseas Bank (IOB) has revised its fixed deposits (FD) interest rates.
- The new interest rates will be applicable for deposits below Rs 2 crore, according to an announcement on the bank’s website, with the revised interest rates effective from April 10, 2024.
IOB FD Interest Rates
- Indian Overseas Bank offers FD interest rates for general public at 4.00-7.25% p.a. gives
- It is 4.50 to 7.50% p.a. for senior citizens. It ranges from 7 days to 3 years and more.
- General Public on Indian Overseas Bank Tax Saving FDs The rate of interest is 6.50% p.a. gives as.
- 7.00% p.a. for senior citizens on Indian Overseas Bank Tax Saving FDs. Tenure of 5 to 10 years for depositors.
- Fixed deposits maturing between 7 days to 29 days earn an interest rate of 4 percent.
- Indian Overseas Bank offers an interest rate of 4.25 percent for deposits maturing between 30 days to 90 days.
- The bank offers an interest rate of 4.5 per cent on fixed deposits maturing between 91 days to 179 days.
- Deposits maturing between 180 days to 269 days earn an interest rate of 4.95 per cent.
- Fixed deposits with maturities of 270 days to less than one year fetch an interest rate of 5.35 per cent.
- Indian Overseas Bank offers 6.5 percent interest rate on fixed deposits with maturity of one year and less than two years.
- However, special deposits maturing in 444 days will fetch 7.25 percent interest rate.
- The bank offers an interest rate of 6.8 percent on fixed deposits with a maturity of two to three years.
- FDs maturing for three years and above fetch an interest rate of 6.50 percent.
Indian Overseas Bank FD Rates 2024 for Highlights
| Highest slab rate | 7.25% (for 444 days) |
| For 1 year | 6.50% |
| For 2 years | 6.80% |
| For 3 years | 6.50% |
| For 4 years | 6.50% |
| For 5 years | 6.50% |
| Tax-Saving FD | 6.50% |
Indian Overseas Bank FD Interest Rates 2024 for Domestic/NRO Deposits of below Rs. 2 Crore
| Tenure | Interest Rates (% p.a.) | ||
| Regular Citizens | Senior Citizens | Super Senior Citizens | |
| 7-14 days * | 4.00 | 4.50 | 4.75 |
| 15-29 days | 4.00 | 4.50 | 4.75 |
| 30-45 days | 4.25 | 4.75 | 5.00 |
| 46-60 days | 4.25 | 4.75 | 5.00 |
| 61-90 days | 4.25 | 4.75 | 5.00 |
| 91-120 days | 4.50 | 5.00 | 5.25 |
| 121-179 days | 4.50 | 5.00 | 5.25 |
| 180-269 days | 4.95 | 5.45 | 5.70 |
| 270 days to less than 1 year | 5.35 | 5.85 | 6.10 |
| 1 year to less than 2 years (except 444 days) | 6.50 | 7.00 | 7.25 |
| 444 days | 7.25 | 7.75 | 8.00 |
| 2 years to less than 3 years | 6.80 | 7.30 | 7.55 |
| 3 years and above | 6.50 | 7.00 | 7.25 |
IOB Tax Saver Deposit
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years to 10 years | 6.50 | 7.00 |
IOB Interest Rates 2024 for NRE deposits of less than Rs 2 crore
| Tenure | Interest Rates (% p.a.) |
| 1 year to less than 2 years (except 444 days) | 6.50 |
| 444 days | 7.25 |
| 2 years to less than 3 years | 6.80 |
| 3 years and above | 6.50 |
IOB Interest Rates on FCNR Deposit
| Tenure | Interest Rates (% p.a.) | |||||||||
| USD | GBP | EUR | JPY | CAD | AUD | CHF | NZD | SGD | ||
| Up to 1 million | Above 1 million | |||||||||
| 1 year to less than 2 years | 5.25 | 5.00 | 3.00 | 0.03 | 0.03 | 0.50 | 0.70 | 0.00 | 1.00 | 0.42 |
| 2 years to less than 3 years | 3.20 | 3.20 | 2.10 | 0.15 | 0.05 | 1.60 | 1.00 | 0.00 | 1.20 | 0.89 |
| 3 years to less than 4 years | 3.15 | 3.15 | 2.15 | 0.15 | 0.05 | 1.80 | 1.25 | 0.02 | 1.40 | 1.09 |
| 4 years to less than 5 years | 3.15 | 3.15 | 2.20 | 0.15 | 0.05 | 1.90 | 1.55 | 0.02 | 1.50 | 1.23 |
| 5 years only | 3.15 | 3.15 | 2.25 | 0.15 | 0.05 | 1.95 | 1.85 | 0.02 | 1.60 | 1.39 |
IOB Interest Rates on RFC deposit
| Tenure | Interest Rates (% p.a.) | ||||||
| USD | GBP | EUR | JPY | CAD | AUD | ||
| Up to 1 million | Above 1 million | ||||||
| 6 months to less than 1 year | 1.30 | 1.30 | 0.85 | 0.00 | 0.00 | 0.15 | 0.05 |
| 1 year to less than 2 years | 5.25 | 5.00 | 3.00 | 0.03 | 0.03 | 0.50 | 0.70 |
| 2 years to less than 3 years | 3.20 | 3.20 | 2.10 | 0.15 | 0.05 | 1.60 | 1.00 |
| 3 years | 3.15 | 3.15 | 2.15 | 0.15 | 0.05 | 1.80 | 1.25 |
Note – Indian Overseas Bank fixed deposit rates are subject to change at the discretion of the bank, the information given here is only the current interest rates given by the bank, when you want to make a fixed deposit in Indian Overseas Bank, you should visit the link https://www.iob.in/Domestic_Rates official website of the bank and confirm.
What is the interest rate for FD in IOB?
Rates are subject to change at the discretion of the bank. On tenures ranging from 7 days to 3 years and more, Indian Overseas Bank offers FD interest rates ranging from 4.00-7.25% p.a. to the general public and 4.50-7.50% p.a. to senior citizens.
What is Indian Overseas Bank FD scheme interest rate for 5 years?
The interest rate on the Indian Overseas Bank FD program is 6.5% per annum for 5 years.
What is Indian Overseas Bank FD minimum deposit amount?
INR 1,000 is the minimum investment in an Indian Overseas Bank FD. However, there is no maximum amount that can be invested in an Indian Overseas Bank FD.