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  • Indian Overseas Bank Recurring Deposit Interest Rates

     4.0 / 5.0   by 13 users
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    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    TenureInterest RateInterest Rates for Senior Citizens
    180 days - 269 days5.756.25
    270 days -< 1 year6.256.75
    1 yr only6.757.25
    >1 yr - < 2 yrs   6.57
    2 yrs to 3 yrs6.256.75
    > 3 Yrs - < 5 Yrs66.5
    5 Yrs & above66.5

    Get the Highest Interest Rates on Indian Overseas Bank Recurring Deposit

    The Recurring Deposit scheme offered by Indian Overseas Bank is very popular in India as it provides very good rates of interest to its customers. Using this account, people can deposit money with the bank for minimum 6 months and maximum 10 years. Apart from providing attractive interest rates, Indian Overseas Bank gives people a loan of up to 90 % of the amount deposited in this account and on the accrued interest. Depositors have to invest minimum Rs.50 every month in their RD accounts and in multiples of Rs.5 thereafter.

    Indian Overseas Bank Short-Term Recurring Deposit Interest Rates

    Indian Overseas Bank provides its customers with the option of opening a short- term recurring deposit account for a period of 6 months to less than 3 years. Depositors can earn an interest rate ranging between 5.75 percent and 7.00 percent per annum on short- term deposits of up to Rs.1 crore.

    Indian Overseas Bank Medium and Long Term Recurring Deposit Interest Rates

    Indian Overseas Bank customers have the option of opening medium term and long term recurring deposit accounts. The medium term recurring deposit account can be opened for a period of 3 years to less than 5 years and the long term recurring deposit account can be opened for a period of 5 years and more. Depositors can earn an interest rate of 7.00 percent per annum on their medium and long term deposits of up to Rs.1 crore.

    Indian Overseas Bank Senior Citizen Recurring Deposit Interest Rates

    Senior Citizens can also open a recurring deposit account with Indian Overseas Bank and earn attractive rates of interest.

    More you need to know about Recurring Deposit

    Read More Articles On RD

    News About Indian Overseas Bank Recurring Deposit

    • Revised Indian Overseas Bank Recurring Deposit Rates

      The updated interest rates on Recurring Deposit (RD) accounts from Indian Overseas Bank are as follows:

      Concerning the base tenure of 6 months to 269 days, the rate remains constant at the existing 5.75% p.a. Similarly, for the tenure ranging from 270 days to less than a year, the rate is unchanged at 6.25% p.a. Also, rate for senior citizens stays constant at 6.25% p.a (6 months- 269 days) and 6.75% p.a (270 days- 1 year).

      For tenure ranging from 1 year to less than 2 years, the applicable interest rate has been lowered to 7.30% p.a from the earlier 7.50% p.a. Rate for senior citizens changes from the earlier 8.00% p.a to 7.80% p.a.

      For RD deposits with tenures ranging from 2 years to 3 years, the rate has been lowered from the earlier 7.25% p.a to 7.00% p.a. The same interest rate also applies for tenures ranging from 3 years to less than 5 years, and 5 years or more. In each case, the earlier interest rate stood at 7.25% p.a. For each of these three tenure ranges, the interest rate applicable for senior citizens is 7.50% p.a.

      6th April 2016

    Recurring Deposit - Sitemap

    IOB RD Rates Reviews

  • Page 1 of 1
    • IOB Recurring Deposit
      "Not Responsive"
      INDIAN OVERSEAS BANK
      0.5 2.0/5 "Expected more"
      Monthly payment will be 4000 for recurring deposit account with Indian Overseas Bank. Tenure period is 52 months. It will be completed by this year, but I am not interested to reopen the account with IOB because their responses are not good. They are not so responsive hence I am not interested to reopen recurring deposit after the completion.
      Was this review helpful? 4
      , bhiwadi
      Reviewed on May 25, 2017
    • IOB Recurring Deposit
      "Excellent"
      INDIAN OVERSEAS BANK
      0.5 5.0/5 "Blown Away!"
      I had recurring deposit with Indian overseas bank and the interest rate is good one for me. Simple savings account is enough to open a recurring deposit account with them, also the minimum lock in period is around fifteen days of time.
      Was this review helpful? 4
      , chennai
      Reviewed on May 28, 2016
    • IOB Recurring Deposit
      "Nice interest rate "
      INDIAN OVERSEAS BANK
      0.5 4.0/5 "Great!"
      IOB is offering 10% interest rate for the recurring deposit with the minimum lock in period of four years. They take the activation charge of Rs.900. The minimum amount to start the plan is nearly Rs.1000. In case we liquid the cash in between the lock in period there is no extra charges.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 04, 2016
    • IOB Recurring Deposit
      "Closed it"
      INDIAN OVERSEAS BANK
      0.5 4.0/5 "Great!"
      I am holding an salary account with INDIAN OVERSEAS BANK, because of this I also opened and Recurring Deposit account with them. I took it for one year but I closed it before ten months due to some personal issues. After closing I got the reasonable benefits from them.
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 23, 2015
    • IOB Recurring Deposit
      "Awesome in customer service..."
      INDIAN OVERSEAS BANK
      0.5 5.0/5 "Blown Away!"
      For five years of tenure I got the recurring deposit and I have selected Indian Overseas bank because it is in my home town. Interest rate in IOB is 9% and this is same across all the banks. Excellent customer service and response was awesome. I am comfortable with this bank.
      Was this review helpful? 0
      , panaji
      Reviewed on Oct 17, 2015
    • IOB Recurring Deposit
      "Need in emergency "
      INDIAN OVERSEAS BANK
      0.5 5.0/5 "Blown Away!"
      I will be opening an Recurring Deposit account with IOB bank. Since I am holding my salary account with them it was very easy for me to open this account. When ever I need money I will be closing this account. Only for savings I have opened this account.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2015
    • IOB Recurring Deposit
      "Good "
      INDIAN OVERSEAS BANK
      0.5 5.0/5 "Blown Away!"
      I have the recurring deposit account with the Indian Overseas Bank. I can manage this account by netbanking. The rate of interest is around 10% and the minimum lock in period is 10 months of time. The services are good with them and I dint faced any netbanking issues. The ATM service is very poor and they are not having several ATM's in delhi.
      Was this review helpful? 1
      , new delhi
      Reviewed on Oct 15, 2015
    • IOB Recurring Deposit
      "Recurring deposit"
      INDIAN OVERSEAS BANK
      0.5 0.5/5 "Unacceptable"
      I have newly opened recurring deposit online in IOB. In that instruction it was clearly mentioned the installment amount will be debited automatically on 10th of every month. When i check the statement on 20th the amount was not debited hence i contacted to customer care they told to make the payment manually!! I lose the interest for 13 days because of false information..
      Was this review helpful? 5
      , chennai
      Reviewed on Mar 25, 2015
    • IOB Recurring Deposit
      "Excellent!!"
      INDIAN OVERSEAS BANK
      0.5 5.0/5 "Blown Away!"
      I am holding a recurring deposit from Indian Overseas Bank. It is for 6 years and the rate of interest offered by the Bank is pretty good compared to other banks. I do stranding instructions and it gets deducted from my account automatically on every month. After the maturity period I will be getting the amount along with the interest amount.
      Was this review helpful? 4
      , delhi
      Reviewed on Mar 23, 2015
    • IOB Recurring Deposit
      "It was good"
      INDIAN OVERSEAS BANK
      0.5 3.0/5 "Satisfactory"
      IOB is not charing anything extra and rate of interest on Recurring Deposit is 9.5%. Response is very good while visiting branch for any assistance and also satisfied with employees. I opted IOB for RD is for saving purpose as my salary account is also with them.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 24, 2014
    • IOB Recurring Deposit
      "Wonderful RD"
      INDIAN OVERSEAS BANK
      0.5 5.0/5 "Blown Away!"
      I am holding a Recurring deposit with IOB. Customer service offered by them was awesome. Their online banking is great, as I hold an account with them already, it was very easy for me to place a request for RD Online. They did not charge me anything extra for the same. No documents required it hardly took 5 minutes time for me to open this account and the interest rate offered by them was 8.25% for 6 months and more than 6 months it was 8.75%.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 06, 2014
    • IOB Recurring Deposit
      "Absolutely fantastic!!!!"
      INDIAN OVERSEAS BANK
      0.5 5.0/5 "Blown Away!"
      Absolutely fantastic service from Indian bank of India. They will debit the account first in recurring deposit. Scheme we have to choose on monthly basis after the tenure period they will return the amount with interest rate . Since I have experienced with Indian bank of India I am saying . They are having proper 121 conversation services.
      Was this review helpful? 4
      , pune
      Reviewed on Aug 16, 2014
    • IOB Recurring Deposit
      "Good but needs improvement"
      INDIAN OVERSEAS BANK
      0.5 3.0/5 "Satisfactory"
      Five years ago I have created a recurring deposit with IOB. Particularly IOB is a government and nationalized bank hence I created the FD. I just gave address proof and id proof while creating the RD. Customer service really needs improvement. I don't recommend the bank because of poor customer service.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 29, 2014
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