Indian Overseas Bank FD Interest Rates
The Fixed Deposit scheme is Indian Overseas bank is outstanding. Indian Overseas Bank FD Interest Rates differ for the amount of principal invested and the tenure that it is invested for. Another reason for the fluctuation of Indian Overseas Bank FD Interest Rates is the nature of the person who applies for the deposit.
-
Save upto ₹46,800 in tax under Sec 80C
-
Inbuilt Life Cover
-
Tax Free Returns Unlike FD+
Fully Tax-Free* (unlike FD), Life Cover Included
- Home
- FD Interest Rates
- Indian Overseas Bank FD Rates
Features of IDFC Bank Fixed Deposit
| BANKS | GENERAL CITIZENS | SENIOR CITIZEN |
| Indian Overseas Bank FD Rates | 3.40% - 5.20% | 3.90% - 5.70% |
| Axis Bank FD Rates | 2.50% - 5.75% | 2.50% - 6.50% |
| Bandhan Bank FD Rates | 3.00% - 5.00% | 3.75% - 5.75% |
| Bank of Baroda FD Rates | 2.80% - 5.25% | 3.30% - 6.25% |
| Bank of India FD Rates | 2.85% - 5.05% | 3.35% - 5.55% |
| Canara Bank FD Rates | 2.90% - 5.40% | 2.90% - 5.90% |
| Central Bank of India FD Rates | 2.75% - 5.00% | 2.90% - 3.25% |
| DBS Bank FD Rates | 2.50% - 5.50% | 3.50% - 6.00% |
| HDFC Bank FD Rates | 2.50% - 5.60% | 3.00% - 6.35% |
| IDFC Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
| Indian Bank FD Rates | 2.90% - 5.15% | 3.40% - 5.65% |
| IndusInd Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
| Punjab National Bank FD Rates | 2.90% - 5.25% | 3.50% - 5.75% |
| SBI FD Rates | 5.30% - 5.40% | 5.80% - 6.20% |
| UCO Bank FD Rates | 2.55% - 5.05% | 3.80% - 6.30% |
| Yes Bank FD Rates | 3.25% - 6.25% | 3.75% - 7.25% |
Senior citizens get a higher interest rate when compared to the other cadre of citizens. The Fixed Deposit scheme is available in three modes - The quarterly payout scheme where the interest can be withdrawn every quarter from the start date of the investment, the monthly payout scheme where the customer can withdraw the interest every month if he chooses, and collecting the interest along with the final amount during the maturity period.
Indian Overseas Bank Fixed Deposits
This private sector bank which has its branches spread across the south of India is helping thousands through its FD scheme.
Saving efficiently is the key to having a safe and secure future. The Indian Overseas bank sees the importance of this fact. This bank based out of Chennai, Tamil Nadu has grown and expanded across India. A major reason to that is the products that they offer. Among their noteworthy products is the Deposit schemes. There are two kinds of deposits- the fixed deposit and the recurring Deposit.
About Indian Overseas Bank’s Fixed Deposit Interest Rate Calculator
Indian Overseas Bank’s Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:
-
The amount that is invested
-
The Rate of Interest offered
-
The tenure of the Fixed Deposit Account
-
The compounding period, that is, yearly, half-yearly, quarterly, or monthly
-
The FD Amount
Once entered the following details, an investor will come to know:
-
The maturity value of the FD
-
The total interest earned during the complete tenure
Indian Overseas Bank Fixed Deposit Rates in India
It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.
For Domestic Deposits - Upto Rs. 1 cr (As on Dec 01, 2021)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (p.a.) |
| 7 days to 14 days (for single deposit of Rs.1 lakh and above) | Upto Rs. 1 cr | 4.00% |
| 15 days to 29 days | Upto Rs. 1 cr | 4.00% |
| 30 days to 45 days | Upto Rs. 1 cr | 4.00% |
| 46 days to 60 days | Upto Rs. 1 cr | 4.00% |
| 61 days to 90 days | Upto Rs. 1 cr | 4.50% |
| 91 days to 120 days | Upto Rs. 1 cr | 5.00% |
| 121 days to 179 days | Upto Rs. 1 cr | 5.00% |
| 180 days to 269 days | Upto Rs. 1 cr | 5.75% |
| 270 days less than 1 year | Upto Rs. 1 cr | 6.25% |
| 1year | Upto Rs. 1 cr | 6.75% |
| Above1 year to less than 2 years | Upto Rs. 1 cr | 6.50% |
| 2 years to 3 years | Upto Rs. 1 cr | 6.25% |
| Above 3 years to less than 5 years | Upto Rs. 1 cr | 6.00% |
| 5 years and above | Upto Rs. 1 cr | 6.00% |
For Domestic Deposits - Upto Rs. 25 lakh (As on Dec 01, 2021)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (p.a.) |
| 7 days to 14 days (for single deposit of Rs.1 lakh and above) | Upto Rs. 25 lakh | 4.50% |
| 15 days to 29 days | Upto Rs. 25 lakh | 4.50% |
| 30 days to 45 days | Upto Rs. 25 lakh | 4.50% |
| 46 days to 60 days | Upto Rs. 25 lakh | 4.50% |
| 61 days to 90 days | Upto Rs. 25 lakh | 5.00% |
| 91 days to 120 days | Upto Rs. 25 lakh | 5.50% |
| 121 days to 179 days | Upto Rs. 25 lakh | 5.50% |
| 180 days to 269 days | Upto Rs. 25 lakh | 6.25% |
| 270 days less than 1 year | Upto Rs. 25 lakh | 6.75% |
| 1year | Upto Rs. 25 lakh | 7.25% |
| Above1 year to less than 2 years | Upto Rs. 25 lakh | 7.00% |
| 2 years to 3 years | Upto Rs. 25 lakh | 6.75% |
| Above 3 years to less than 5 years | Upto Rs. 25 lakh | 6.50% |
| 5 years and above | Upto Rs. 25 lakh | 6.50% |
Bank FD Interest Rates
Bank FD Calculator
NRI-NRE FD Rates
Allahabad Bank FD Interest Rates
Andhra Bank FD Interest Rates
Assam Gramin Vikash Bank FD Interest Rates
AU Small Finance Bank FD Interest Rates
Axis Bank FD Rates
Bajaj Finance FD Interest Rates
Bandhan Bank FD Interest Rates
Bangiya Gramin Vikash Bank FD Interest Rates
Tax Saver FD (Max Deposit - 1 LPA)
|
MATURITY PERIOD |
DEPOSIT AMOUNT |
INTEREST RATE (p.a.) |
|
|
General |
Senior Citizen |
||
|
IOB Tax Saver Deposit Scheme - 5 Years |
Upto Rs. 1 lakh |
6.00% |
6.50% |
Tax Implications
- The amount invested in Fixed Deposit with a tenure of 5 years with Indian Overseas Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
- The applicable tax will be deducted at source, i.e. Indian Overseas Bank, in case the annual interest earned crosses Rs. 10,000.
For NRO Fixed Deposit - Upto Rs. 1 cr (As on Dec 01, 2021)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (p.a.) |
| 7 days to 14 days (for single deposit of Rs.1 lakh and above) | Upto Rs. 1 cr | 4.00% |
| 15 days to 29 days | Upto Rs. 1 cr | 4.00% |
| 30 days to 45 days | Upto Rs. 1 cr | 4.00% |
| 46 days to 60 days | Upto Rs. 1 cr | 4.00% |
| 61 days to 90 days | Upto Rs. 1 cr | 4.50% |
| 91 days to 120 days | Upto Rs. 1 cr | 5.00% |
| 121 days to 179 days | Upto Rs. 1 cr | 5.00% |
| 180 days to 269 days | Upto Rs. 1 cr | 5.75% |
| 270 days less than 1 year | Upto Rs. 1 cr | 6.25% |
| 1year | Upto Rs. 1 cr | 6.75% |
| Above1 year to less than 2 years | Upto Rs. 1 cr | 6.50% |
| 2 years to 3 years | Upto Rs. 1 cr | 6.25% |
| Above 3 years to less than 5 years | Upto Rs. 1 cr | 6.00% |
| 5 years and above | Upto Rs. 1 cr | 6.00% |
For NRE Fixed Deposit - Upto Rs. 1 cr (As on Dec 01, 2021)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (p.a.) |
| 1year | Upto Rs. 1 cr | 6.75% |
| Above1 year to less than 2 years | Upto Rs. 1 cr | 6.50% |
| 2 years to 3 years | Upto Rs. 1 cr | 6.25% |
| Above 3 years to less than 5 years | Upto Rs. 1 cr | 6.00% |
| 5 years and above | Upto Rs. 1 cr | 6.00% |
*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable
tax slabs post 31st march 2023
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Interest Earned
Maturity AmountFD Rates articles
11 Sep 2024
The PNB NRO Sugam Term Deposit Scheme offered by Punjab National
11 Sep 2024
The PNB NRE Rupee Sugam Term Deposit Scheme is a specialized
11 Sep 2024
The PNB Bulk Fixed Deposit Scheme offers competitive FD interest
11 Sep 2024
The PNB Growth Fixed Deposit Scheme is a fixed-term investment
11 Sep 2024
The PNB Floating Rate Fixed Deposit Scheme offers interest rates
