Indian Overseas Bank Fixed Deposit Rates 2025
Indian Overseas Bank (IOB) lets customers choose from a long list of deposit options and the rates of interest offered are competitive. The FD rates offered by IOB are higher for senior citizens when compared to regular individuals.
The bank offers other benefits such as nomination facility, automatic renewal and a wide range of interest pay out options.
Indian Overseas Bank FD Rates
IOB offers the highest interest rate of 7.10% p.a. for regular individuals. For senior citizens, the highest rate of interest is again for the same tenure for which the interest rate is 7.60% p.a.
An IOB fixed deposit comes in different tenures ranging from 7 days to above 3 years. Senior citizens get an additional interest rate of 0.50% p.a.
IOB Domestic FD Interest Rates - Below Rs.2 Crore
Tenure | Interest rate for genral public (p.a.) |
7 days to 14 days | 4.00% |
15 days to 29 days | 4.00% |
30 days to 45 days | 4.25% |
46 days to 60 days | 4.25% |
61 days to 90 days | 4.25% |
91 days to 120 days | 4.75% |
121 days to 179 days | 4.50% |
180 days to 269 days | 4.95% |
270 days to less than 1 year | 5.35% |
1 year to less than 2 years (444 days not included) | 6.80% |
444 days | 7.30% |
2 years to less than 3 years (1,000 days not included) | 6.80% |
3 years and above | 6.50% |
The revised interest rates per year for Regular & Senior Citizens with effect from 10 February 2024.
IOB Tax Saving FD Rates
The interest rate for IOB tax saving FD is as given below:
Tenure | Interest rate for genral public (p.a.) |
5 years | 6.50% |
The interest rates are with effect from 15 November 2023.
IOB Senior Citizen Fixed Deposit Rates
- All senior citizens investing in IOB fixed deposits are eligible to avail an additional 0.50% on all deposit schemes.
- Super senior citizens, aged 80 years and above, are provided an additional interest rate of 0.75% p.a.
- The highest interest paid to senior citizens is 6.50% p.a. for a tenure of 1,000 days.
Indian Overseas Bank NRI FD Rates
IOB offers NRIs fixed deposits with tenures ranging from 1 year to 3 years and above with the interest rates as given below:
IOB NRE Term Deposit Rates
Tenure | Interest rate (p.a.) |
1 year to 2 years | 6.90% |
444 days | 7.30% |
2 years to 3 years | 6.80% |
3 years and above | 6.50% |
*These rates are effective from 10 February 2024 and are for deposits below Rs.2 crore.
Indian Overseas Bank FCNR Rates
Maturity period/Currency | USD | GBP | EUR | JPY | CAD | AUD | CHF | NZD | SGD |
One Year & above but less than Two Years | 5.65 | 5.00 | 2.50 | 0.03 | 0.50 | 0.70 | 0.00 | 1.00 | 0.42 |
Two Years & above but less than Three Years | 5.50 | 2.10 | 0.15 | 0.05 | 1.60 | 1.00 | 0.00 | 1.20 | 0.89 |
Three Years & above but less than Four Years | 3.20 | 2.15 | 0.15 | 0.05 | 1.80 | 1.25 | 0.02 | 1.40 | 1.09 |
Four Years & above but less than Five Years | 3.15 | 2.20 | 0.15 | 0.05 | 1.90 | 1.55 | 0.02 | 1.50 | 1.23 |
Five Years Only | 3.15 | 2.25 | 0.15 | 0.05 | 1.95 | 1.85 | 0.02 | 1.60 | 1.39 |
FAQs on IOB Fixed Deposit Rates
- What is the highest rate of interest provided on IOB FD?
For deposits below Rs.2 crore, the highest interest rate provided for the general public is 6.00% p.a. for a tenure of 1,000 days.
- What is the interest of 1 lakh in the Indian Overseas Bank?
The interest that you get on Rs.1 lakh will depend on the tenure that you have chosen. Currently, interest rates range from 3.25% p.a. to 6.00% p.a. for tenures ranging from 7 days to more than 3 years.
- What are the current Indian Overseas Bank FD interest rates 2025?
The interest that you get on Rs.1 lakh will depend on the tenure that you have chosen. Currently, interest rates range from 3.25% p.a. to 6.00% p.a. for tenures ranging from 7 days to more than 3 years.
- In how many years FD will double in Indian Overseas Bank?
In an FD, the tenure, investment amount, and rate of interest are fixed at the time of booking. To find out how long it will take to double your FD, you can divide the number 72 by the annual rate of interest. The answer to this will give you the number of years it will take to double your FD investment. This is an approximation only.
- Are there any special rates for senior citizens FD of Indian Overseas Bank?
Yes, Indian Overseas Bank offers senior citizens an additional interest rate of 0.50% for deposits below Rs.2 crore for tenures that range from 7 days to more than 3 years.
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