• loading

    Indian Overseas Bank Fixed Deposit Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 6.75% Compound yearly
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6% - 6.75% Compound yearly
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.39% - 7.95% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.39% - 7.95% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Indian Overseas Bank Fixed Deposit Rates is Rated as "Great!" by 22 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Indian Overseas Bank Fixed Deposit Rates

    Indian Overseas Bank (IOB) is a well known bank in the country that offers a range of financial services, including Fixed Deposits (FDs). Customers can choose from a long list of deposit options, for each of which, the rate of interest offered is competitive and above the edge. IOB FD rates are higher for senior citizens when compared to regular individuals, and also offers other benefits such as nomination facility, automatic renewal and a wide range of interest payout options.

    IOB offers a high interest rate of 6.80% p.a. on deposits that are held for 3 years and more. This is the best FD rate offered by the bank for regular individuals. For senior citizens, the highest rate of interest is again for the same tenure (3 years and above), for which the interest rate is 7.30% p.a. An IOB fixed deposit comes in different tenure ranges that a customer can choose from.

    The revised interest rates per annum for Regular & Senior Citizen with effect from 5 April 2018 is given below:

    Tenure Regular FD Interest Rate (p.a.) Senior Citizen FD Interest Rate (p.a)
    7 days to 45 days 4.50% 5.00%
    46 days to 90 days 4.60% 5.10%
    91 days to 120 days 5.25% 5.75%
    121 days to 179 days 5.50% 6.00%
    180 days to 269 days 5.75% 6.25%
    270 days to less than 1 year 6.25% 6.75%
    1 year to less than 2 years 6.60% 7.10%
    2 years to less than 3 years 6.75% 7.25%
    3 years and more 6.80% 7.30%

    *The above interest rates are for investments less than Rs.1 crore

    IOB short-term fixed deposit rates

    Minimum and Maximum IOB Bank fd interest rates 2018 for Regular and Senior Citizen
    IOB Bank FD Rates
    • There are a number of variations in short-term fixed deposits offered by the bank
    • The interest rates paid for this type of time deposit ranges from 4.50% p.a. to 6.25% p.a.
    • The tenure varies anywhere from a minimum of 7 days to 364 days
    • The highest rate of interest is paid is 6.25% p.a. for 270 days to less than 1 year
    • An interest rate of up to 5.75% p.a can be gained if money is put in for a period that varies from 180 days to 279 days
    • An interest rate of 4.50% p.a is paid for tenures that range from 7 days to 45 days, and for 46 days to 90 days the rate of interest is 4.60% p.a.

    IOB medium-term fixed deposit rates

    • Any deposit that has a tenure that ranges from 1 year to 3 years falls under this category
    • This type of FD pays a much higher rate of interest when compared to short-term deposits
    • The interest rate paid ranges from 6.60% p.a. to 6.75% p.a.
    • The best FD rate of 6.75% p.a. is for investing in a period that ranges from 2 years to less than 3 years
    • For a tenure of 1 years to less than 2 years, the rate of interest paid is 6.60% p.a.
    • This is a type of deposit option for those who have certain financial goals like buying a car or paying fees

    IOB long-term fixed deposit rates

    • All long-term fixed deposits are for a tenure that is 3 years and above
    • The interest rate paid for this type of FD is 6.80% p.a. across all time periods of investment
    • Those who want to apply for the IOB Tax-Saving Deposit scheme can also do so under this slab, for which, the rate of interest will be 6.80% p.a.
    • This type of FD can be chosen to meet long-term financial goals and is also ideal to create a good savings pool for the future
    • Those who invest money in this type of deposit scheme will get a tax exemption of up to Rs.1.5 lakh under section 80C of the Income Tax Act

    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
    • The interest rate that is paid for this age group begin from 5.00% p.a. and goes up to 7.30% p.a.
    • The highest fixed deposit interest rate paid for term deposits is 7.30% p.a. for a tenure of 3 years and above
    • The higher the tenure, the higher the rate of interest paid when it comes to IOB time deposits
    • For 1 year to less than 2 years, the rate of interest paid is 7.10% p.a., and for 2 years to less than 3 years, the rate of interest paid is 7.25% p.a.
    • For 270 days to less than 1 year, the rate of interest paid is 6.75% p.a., and for 180 days to 269 days, the rate paid is 6.25% p.a.
    • For 46 days to 120 days, the rate of interest paid is above 5.00% p.a.

    Know more about IOB fixed deposits

    How to apply for IOB deposits: Apply for IOB fixed deposit online in a simple and easy process. This can be done with minimal documentation and in a very less span of time. Those who already have a savings bank account in the bank can open it through the bank’s net banking facility.

    NRO and NRE deposits: There are a lot of deposit options that are also available for Non-Resident Indians (NRIs). This is available in the form of both NRE and NRO deposits. The bank offers attractive interest rates even on these schemes and they come with a wide range of benefits.

    FCNR deposits: This is another option that gives NRIs an opportunity to invest money in the currency that they may be earning in. FCNR deposits can be held in some of the major currencies in the world and comes with a number of advantages.

    Indian Overseas Bank Fixed Deposit Reviews

    • IOB Fixed Deposit
      "Increased the fixed deposited rates"
      0.5 2.0/5 "Expected more"
      India have 2 option of investment either in property or in fixed deposit. But I thing that interest rate are low in such period. Pleased increase interest rates for below 20 lakh rupees and decreased rates for above 20 lakh rupees for annual.
      Was this review helpful? 0
      , panipat
      Reviewed on Oct 29, 2017
    • IOB Fixed Deposit
      "Tension free banking"
      0.5 4.0/5 "Great!"
      Currently I am having fixed deposit account with the Indian overseas bank and they have offered me an locker with the fixed deposit of 25000 Rupees. Locker charges are around 700 Rupees to 800 Rupees and the response is good one with them and there are no worries with them. Tenure is around two years of time and they have and the procedures are nominal one with them.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Feb 26, 2017
    • IOB Fixed Deposit
      "Good Saving For The Future"
      0.5 5.0/5 "Blown Away!"
      I had opened my Fixed deposit account from IOB during the year 2012. IOB offered me an interest of 9% for my FD account. Now RBI reduced the interest rate, But still I am enjoying my existing interest rate for FD account. I have the tenure of 5 Years , I will be getting the maturity amount of Rs. 2.74 Lakhs. I am happy with IOB FD and it is very much recommendable.
      Was this review helpful? 6
      , coimbatore
      Reviewed on Feb 14, 2017
    • IOB Fixed Deposit
      "Average"
      0.5 3.0/5 "Satisfactory"
      Am happy with the Indian overseas bank for the fixed deposit account. I have found any issues with them till now but they have to improvise on their customer service, also most of the nationalized banks are playing the same role. Interest is not at all the constraint because every bank is paying the same, so there are no issues. I wish to suggest that they should be very keen to provide customer service.
      Was this review helpful? 4
      , kolkata
      Reviewed on Aug 27, 2016
    • IOB Fixed Deposit
      "Saving for the money in the government bank"
      0.5 3.0/5 "Satisfactory"
      We have to visit the IOB bank for each and every process because the online service is not so easy to access and the requirement is not been fulfilled.Interest rate offered 7.5%for the Fixed deposit for the tenure of one year.If we liquid the cash in between the lock in period they will charge Rs.300-500 penalty. They have high formalities for the FD plan
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Jun 08, 2016
    • IOB Fixed Deposit
      "Tax benefit..."
      0.5 4.0/5 "Great!"
      Fixed account is good for tax benefit. We will get much interest in IOB which is 10%. Only thing is lock in period and no withdrawal option also. I was maintained for the past 10 years and I closed it. I would recommend this bank to others for fixed account.
      Was this review helpful? 12
      , coimbatore
      Reviewed on Dec 24, 2015
    • IOB Fixed Deposit
      "Average"
      0.5 3.0/5 "Satisfactory"
      Fixed deposit I have with the Indian Overseas Bank. From the last 25 years of time I am having the account with them and the rate of interest is okay for me. Online banking facilities are poor with them like they are not looking behind the service.
      Was this review helpful? 5
      , valsad
      Reviewed on Nov 04, 2015
    • IOB Fixed Deposit
      "Its good"
      0.5 5.0/5 "Blown Away!"
      Actually my father is working with IOB and its mainly because of which I had opened this FD. I am holding this FD for 8 years. I am very much happy with the interest rate offered by them and the interest will get credited to my account on a monthly basis . The total term is 10 years.
      Was this review helpful? 13
      , kolkata
      Reviewed on Aug 22, 2015
    • IOB Fixed Deposit
      "Can be better"
      0.5 4.0/5 "Great!"
      It is not that easy to liquidate the funds when it comes to IOB FD. As I have to visit the branch in person if I have to close the deposit. Where as when it comes to other Banks we can place a request online or through the phone banking and the FD can be closed. Interest rate offered by IOB was 7.5%.
      Was this review helpful? 3
      , mumbai
      Reviewed on Mar 07, 2015
    • IOB Fixed Deposit
      "Very good facilities !!!"
      0.5 4.5/5 "Excellent!"
      For staff Indian Overseas bank is offering one percentage extra. When I opened this Fixed deposit they offered 9.5% of interest plus one percentage extra but at present they reduced to 8.75%. For pre mature closure they are going to charge but at present there is no pre mature charge. Other banks are also providing good rate of interest however I do like recommend Indian Overseas bank. Loan facilities against Fixed deposit is available. Both demand loan facility and cash credit facilities are available. Through Internet banking we can open Fixed deposit.
      Was this review helpful? 2
      , mysore
      Reviewed on Jan 19, 2015
    • IOB Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am holding a fixed deposit of IOB. When compared with others there is no issues. Rate of interest offered by them is very nominal . I guess they are providing tax benefit not sure though. I have taken that for a period of 1 year. I have submitted my pan card copy also.
      Was this review helpful? 6
      , chennai
      Reviewed on Jan 17, 2015
    • IOB Fixed Deposit
      "Good"
      0.5 3.0/5 "Satisfactory"
      Only drawback in Indian Overseas bank in terms of fixed deposit is mode of communication. I don't get regular updates about the fixed deposit which needs to be considered. Interest rate is 9% which is quite comparable. As the bank is nearby, I did chose this bank for fixed deposit.
      Was this review helpful? 7
      , chennai
      Reviewed on Nov 24, 2014
    • IOB Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I do have one fixed deposit account from indian overseas bank where their customer service and response was quite good. Quite affordable interest rate from market . They are doing their best job . Hassle free service provider
      Was this review helpful? 3
      , chennai
      Reviewed on Oct 07, 2014
    • IOB Fixed Deposit
      "Good bank"
      0.5 5.0/5 "Blown Away!"
      Indian Overseas Bank is good bank and I have a long relationship with them and even in terms of fixed deposit. They had offered 9.25% interest rate and always I visit the branch for the deposit. Branch services is good and guide me in a proper way.
      Was this review helpful? 5
      , bangalore
      Reviewed on Oct 04, 2014
    • IOB Fixed Deposit
      "Nice to be a customer"
      0.5 4.0/5 "Great!"
      I keep on depositing the money whenever I have it and for more than 12 years, I have been doing the same. 9% is the interest rate offered by IOB and services is too good. It is too nice to be a customer of this bank as the response is always proper.
      Was this review helpful? 3
      , new delhi
      Reviewed on Sep 25, 2014
    • IOB Fixed Deposit
      "Good"
      0.5 3.0/5 "Satisfactory"
      I am holding IOB Fixed Deposit, for more than 2 years now. I like the benefits what they provide, there is no penalty, anytime we can withdraw the funds there is no charges if its more than 1 year. IOB, being a Nationalized Bank does not provide good customer service, it has to be more responsive.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 03, 2014
    • IOB Fixed Deposit
      "Good no issues!!!!!"
      0.5 4.0/5 "Great!"
      It was quite good with Indian Overseas bank service. I am banking fixed deposit with them for more than a year and they offered with 9.75% . The only drawback was they dont have any marketing executives for them . Probably they may extend. It would be really nice if they improve on loan sections. Quite lengthy process in documents
      Was this review helpful? 6
      , hyderabad
      Reviewed on Sep 03, 2014
    • IOB Fixed Deposit
      "Very convenient banking"
      0.5 4.0/5 "Great!"
      Most of my FD's are with IOB since 1987. I & my whole family have an account with them for about 20 years & above. My only reason for my convenience is the building that I live has an IOB branch in the ground floor. I think the rate of interest was somewhere around 8%. Their IT infrastructure is poor and I had to visit the branch at least once in a month.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 28, 2014
    • IOB Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      IOB Fixed deposit its a trusted one and i can get low interest rate and for any other loans dats it some improvements needs to be done regarding this on line i dont have this account in major city and may be the customer support not like satisfactory that should be improved and dats it overall good.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 17, 2014
    • IOB Fixed Deposit
      "Good Service Overall"
      0.5 3.0/5 "Satisfactory"
      Indian Overseas bank Fixed deposit, previously i can open it on line but for closing need to visit the bank, i am using from 3 years, minimum 3 months later i can break up that facility is their, interest rate is good when compare to other banks, the net server is very slow, overall its good, their was no charges.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Aug 06, 2014
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.