Indian Overseas Bank (IOB) offers FD Interest Rates which is different from any other bank. Basically, all Bank have their own FD interest rates. And time to time all banks of India will revised their Fixed Deposit interest Rates. However, in our Previous, articles we had compare all banks Fixed Deposits interest rates for the year 2023 which helps readers to make a right decision in which bank they should open their deposit account. In this article, we will discuss in brief about the Indian Overseas Bank (IOB) FD Interest Rates. IOB bank offers FD rates not only for general public but for senior and super senior citizens also.
Indian Overseas Bank (IOB) FD Interest Rates on Domestic/NRO Deposits
| Revised Rates For Deposits below Rs. 2 Crore w.e.f. 10.04.2023 (in %) | |||
| Tenure | For General Public | For Senior Citizens | For Super Senior Citizens |
| 7 Days-14 Days | 4.00 | 4.50 | 4.75 |
| 15 Days-29 Days | 4.00 | 4.50 | 4.75 |
| 30 Days-45 Days | 4.25 | 4.75 | 5.00 |
| 46 Days-60 Days | 4.25 | 4.75 | 5.00 |
| 61 Days-90 Days | 4.25 | 4.75 | 5.00 |
| 91 Days-120 Days | 4.50 | 5.00 | 5.25 |
| 121 Days-179 Days | 4.50 | 5.00 | 5.25 |
| 180 Days-269 Days | 4.95 | 5.45 | 5.70 |
| 270 Days to 1 Year | 5.35 | 5.85 | 6.10 |
| 1 Year to 2 Years | 6.50 | 7.00 | 7.25 |
| 444 Days | 7.25 | 7.75 | 8.00 |
| 2 Years to 3 Years | 6.80 | 7.30 | 7.55 |
| 3 Years and Above | 6.50 | 7.00 | 7.25 |
IOB Tax Saving FD Rates
| Tenure | Interest rate for General Public (p.a.) | For Senior Citizens |
| 5 years | 6.50% | 7.00% |
Note:– The interest rates are with effect from 10/04/2023.
IOB NRE FD Interest Rates 2023 (w.e.f 10.04.2023)
| Tenure | For Deposits below Rs. 2 Crore w.e.f. 10.04.2023 (in %) |
| 1 Year to 2 Years (Except 444 days) | 6.50 |
| 444 Days | 7.25 |
| 2 Years to 3 Years | 6.80 |
| 3 Years and Above | 6.50 |
Note:-
- For Senior Citizens Additional Rate of 0.50% and for Super Senior Citizens (aged 80 years and above) Additional Rate of 0.75% will remain continue.
- The rate of NRO deposit will be the same as rate for domestic term deposit.
- For deposit of Rs. 2 crore & above, the branch has to take prior permission for Rate of Interest from Treasury Department, Central Office.
- Fore Closure Charges: 0.50% for retail deposit up to Rs. 5 Lakh and 1.00% for Rs. 5 Lakh & above.
Also Read:-:
- SBI Fixed Deposit Interest Rates
- PNB FD Interest Rates
- Canara Bank FD Interest Rates
- Bank of Baroda FD Interest Rates
- Central Bank of India FD Interest Rates 2023
- UCO Bank FD Interest Rates
- Punjab & Sind Bank FD Interest Rates
For more Information about FD Interest rates visit the Official site of Bank, Click Here.
Nupur Tanan
"Nupur Tanan" works at Financewisdom.in. She has experience in writing a vast range of varied content. She write knowledgeable, well-researched, and engaging articles on various personal finance and banking related topics.