Indian Overseas Bank FD Rates | IOB Fixed Deposit Interest Rates

Indian Overseas Bank (IOB) allow its customers to choose fixed deposit options from the wide range of FD options and the FD rates of interest is also very competitive in the market. The rates of fixed deposit offered to senior citizens are generally higher compared to regular customers. The Indian Overseas Bank also offers the various other benefits like nomination facility, automatic renewal and a wide range of interest pay out options. So if you are interested in Fixed Deposit from Indian Overseas Bank , then this article is for you, because here we are providing the complete details of IOB FD Rates.

Indian Overseas Bank FD Rates 2022

Fixed deposits are a great way through which you will be able to get proper benefits in your old age and you must apply for a fixed deposit scheme available in prestigious banking organizations in India in order to get the best interest rates available by the authorities. The interest rates are available taking into consideration the various types of schemes available by the bank in which you want to open your account. The interest rates are often higher for the senior citizens of the country and you must take into consideration your fixed deposit after checking out the details related to the interest rate.

Indian Overseas Bank FD Rates

Indian Overseas Bank Net Banking Registration

Fixed Deposit Types

There are various types of fixed deposits available inside the Indian Overseas Bank and given below we are sharing all of them:-

  • Short-term fixed deposit rates range from 3.40% per annum to 4.9% per annum. The tenure of the short-term fixed deposit is from 7 days to 364 days. The highest interest rate is 4.94% per annum for 180 days to less than 1 year.
  • Medium-term fixed deposit rates are 5.15% per annum and the range of the FD is 1 year to 2 years.
  • The tenure of the long-term fixed deposit is of 2 years and the interest is 5.25% per annum.

IOB Domestic FD Interest Rates

You can check out the domestic fixed deposit interest rates available by Indian Overseas Bank from the table given below:-

Below Rs.2 Crore

TenureInterest rate for General public (p.a.)The interest rate for senior citizens (p.a.)
7 days to 45 days3.40%3.90%
46 days to 90 days3.90%4.40%
91 days to 179 days4.40%4.90%
180 days to less than 1 year4.90%5.40%
1 year to less than 2 years5.15%5.65%
444 days5.25%5.75%
2 years to less than 3 years5.25%5.75%
3 years and above5.25%5.75%

Indian Overseas Bank Credit Card

IOB Tax Saving FD Rates

If you are taking into consideration a tax saving Scheme then you can check out the interstates available by the Indian Overseas Bank:-

TenureInterest rate for General public (p.a.)
5 years5.20%
Indian Overseas Bank FD Rates 2022

Indian Overseas Bank NRI FD Rates

If you are not a resident of India then you can check out the NRI fixed deposit interest rate available in this Bank:-

IOB NRE Term Deposit Rates

TenureInterest rate (p.a.)
1 year to 2 years5.15%
444 days5.20%
2 years to 3 years5.20%
3 years and above5.20%


How can I apply for a tax saving scheme in Indian Overseas Bank?

You need to visit the official banking organization and then you will be able to apply for the tax-saving scheme available by the authorities.

What is the maximum rate of interest provided by the Indian Overseas Bank?

You will get a 5.20% interest rate available on FDs inside this Bank.

What are the eligibility criteria to apply for a fixed deposit account in the Indian Overseas Bank?

The applicant must be a resident of India in order to apply for the fixed deposit scheme in this Bank.

Can I withdraw my money from the FD in this Bank?

Yes, you can withdraw your money prematurely by paying a penalty.

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