Iob fd rates

Indian Overseas Bank offers FD interest rates of 4.00-7.25% p.a. to the general public and 4.50-7.50% p.a. to senior citizens on tenures ranging from 7 days to 3 years and above. The interest rate on Indian Overseas Bank Tax Saving FDs is 6.50% p.a. for the general public and 7.00% p.a. for senior citizen depositors for tenures of 5 to 10 years. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC and FCNR fixed deposits. Indian Overseas Bank accepts FCNR fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD), Swiss Franc (CHF), New Zealand Dollar (NZD) and Singapore Dollar (SGD). The bank accepts RFC fixed deposits in USD, GBP, EUR, JPY, CAD and AUD. Indian Overseas Bank FD Interest Rates 2023 IOB FD rates on Domestic/NRO Deposits of below Rs. 2 Crore w.e.f. from 10 April 2023 Tenure Interest Rates (% p.a.) Regular Citizens Senior Citizens Super Senior Citizens 7-14 days * 4.00 4.50 4.75 15-29 days 4.00 4.50 4.75 30-45 days 4.25 4.75 5.00 46-60 days 4.25 4.75 5.00 61-90 days 4.25 4.75 5.00 91-120 days 4.50 5.00 5.25 121-179 days 4.50 5.00 5.25 180-269 days 4.95 5.45 5.70 270 days to less than 1 year 5.35 5.85 6.10 1 year to less than 2 years (except 444 days) 6.50 7.00 7.25 444 days 7.25 7.75 8.00 2 years to less than 3 years 6.80 7.30 7.55 3 years and above 6.50 7.00 7.25 * Minimum amount Rs 1 lakh Calculate FD Return & Maturity Interest Rates on NRE d...

Indian Overseas Bank (IOB), one of the leading public sector lenders, increased interest rates on fixed deposits under ₹2 crore. According to the bank's official website, the revised rates are in effect as of 10.11.2022. Following the adjustment, the bank increased interest rates on select tenors by up to 60 bps. The bank is now offering interest rates between 3.60% and 6.40% on FDs with maturities ranging from 7 days to 3 years and above. Deposits maturing in 444 Days and 3 Years and above, IOB is now offering a maximum interest rate of 6.40% for the general public, 6.90% for senior citizens and 7.15% for super senior citizens. IOB FD Rates The bank will continue to give an interest rate of 3.60% on FDs maturing in 7 days to 45 days, while IOB has increased the interest rate on FDs maturing in 46 to 90 days by 10 basis points, from 3.75% to 3.85%. IOB has hiked the interest rate by 10 bps from 4.10% to 4.20% on FDs maturing in 91-179 Days and the bank has hiked the interest rate by 20 bps from 4.65% to 4.85% on FDs maturing in 180-269 Days. Deposits maturing in 270 Days to 1 Year will now fetch an interest rate of 5.25% which was earlier 4.65% a hike of 60 bps and those maturing in 1 Year to 2 Years (Except 444 Days) will now fetch an interest rate of 6.30% which was earlier 5.70% a hike of 60 bps. The bank increased the interest rate on FDs maturing in 444 days by 55 basis points from 5.85% to 6.40%, while IOB increased the interest rate on FDs maturing in 2 years to 3 y...

Other banks that have increased FD rates Kotak Mahindra Bank, a private sector lender, has revised interest rates on fixed deposits (FDs) for various tenors. The interest rates apply to Domestic, NRO, NRE Fixed Deposits and are effective as of March 9, 2022. These rates apply to term deposits up to Rs 2 crore. Following the recent revision, FDs maturing in the range of 365 to 389 days is increased to 5 percent. Previously, the bank offered a 4.9 percent interest rate on these tenors. Read the full story Axis bank revised interest rates a second time since January 2022. Axis Bank has revised its

Indian Overseas Bank, a major public sector bank based out of Chennai, offers multiple FD options to its customers to park their money. The competitive Indian Overseas Bank FD rates help the customers to earn substantial returns on their investment. The rates differ depending on the amount of principal invested and the selected tenure. IOB provides comparatively higher interest rates to senior citizens than general citizens. • The IOB FD tenure ranges from 7 days to 10 years • Nomination facility is available • Loan facility up to 90% of the principal • Interest against FD is provided on a half-yearly basis • Senior citizens can avail of 0.50% extra interest rates • The minimum deposit amount required to book an FD with IOB is Rs. 1000 • Competitive interest rates provided on short term deposits also • Under this scheme of IOB, the depositor can make an investment into the deposit to earn higher returns with flexibility • Deposit tenures ranging from 6 months to 120 months • Nomination facility is available • Interest is paid once in 6 months • Loan facility up to 90% of the principal • Resident Indians, public or private company, HUFs, trust, and partnership firm • Under this scheme, customers are allowed to reinvest the interest earned on their current fixed deposit. • The minimum deposit amount needed for this scheme is Rs. 1000 • Interest on the deposit is earned every time it is compounded • Premature withdrawal is available • Senior citizens can avail of 0.50% extra ...

One of the well-known public sector lenders, Indian Overseas Bank (IOB), has announced an interest rate hike on fixed deposits under ₹2 crore. According to the bank's official website, the new rates are in effect as of January 1, 2023. Following the modification, the bank increased FD interest rates on short-term deposits with tenors of 7 to 90 days by up to 75 bps. IOB FD Rates On deposits maturing in 7-45 days, the bank has hiked the interest rate by 75 bps from 3.75% to 4.50% and on those maturing in 46-90 days, IOB has hiked the interest rate by 70 bps from 4.05% to 4.75%. IOB will continue to pay 4.20% interest on deposits that mature in 91-179 days, while the bank will pay 4.85% interest on deposits that mature in 180-269 days. Deposits that mature in 270 days to a year will still earn interest at a rate of 5.25%, and those that mature in a year to a two-year period (apart from 444 days) will still earn interest at a rate of 6.40%. IOB guarantees an interest rate of 6.55% on deposits with a tenor of 444 days, while the bank offers a rate of 6.40% on deposits with a tenor of 2 to 3 years. Deposits with maturities of three years or longer will earn interest at a rate of 6.50%. IOB Tax Saver Deposit interest rates will stay at 6.50% for the general public and 7% for elderly individuals. The bank continues to provide a senior citizen additional rate of 0.50% and a super senior citizens additional rate of 0.75% for those who are 80 years or older. Along with IOB, ₹2 Cr. a...

Indian Overseas Bank (IOB), a public sector lender, increased interest rates on fixed deposits under ₹2 crore. With the change, the bank is now providing interest rates on deposits with terms ranging from 7 days to 3 years and above that range from 4.50% to 6.50%. According to the bank's official website, the maximum interest rate for deposits maturing in 444 days is 7%. The new fixed deposit interest rates are effective from February 10, 2023. IOB FD Rates For fixed deposits that mature in 7 to 45 days, the bank will continue to give an interest rate of 4.50%, and for those that mature in 46 to 90 days, Indian Overseas Bank (IOB) will continue to offer an interest rate of 4.75%. On a deposit tenor of 91 days to 179 days, IOB increased the interest rate by 10 basis points (bps), from 4.20% to 4.30%, while the bank increased the interest rate by 10 bps, from 4.85% to 4.95%, on a deposit tenor of 180-269 days. Deposits maturing in the next 270 days to one year will now earn an interest rate of 5.35%, up 10 basis points from 5.25% previously, while those maturing in the next year to two years (apart from 444 days) will now earn an interest rate of 6.45%, up 5 basis points from 6.40% earlier. Deposits that mature in 444 days will continue to earn 7% interest, while those that mature in 2 years to 3 years will now earn 6.40% interest. Indian Overseas Bank (IOB) will continue to give an interest rate of 6.50% on deposits with a term of three years and beyond. View Full Image IOB...

Indian Overseas Bank (IOB), a public sector lender offers an array of fixed deposit schemes tailored for the general public and senior citizens. The maximum deposit is capped at Rs.2 crore. For the general public, IOB FD interest rates range between 4.30% and 7.75% (including senior and super senior citizens) depending on the FD tenure and scheme. Senior citizens are eligible for 0.50% higher interest rate than the normal rate, whereas super senior citizens (over 70 years) are eligible for 0.75% higher interest rate than the normal rate. Indian Overseas Bank – IOB FD Interest Rate Highlights Interest rate 4.30% to 7.75% Tenure 7 days to 10 years Minimum deposit Rs.1 lakh Maximum deposit Rs.2 crore Lock-in period 7 days (5 years for tax-saver FD) How to Calculate Indian Overseas Bank FD Interest Rate (Matured Amount) There are different ways to calculate the interest and maturity value of a 1. IOB FD Interest Rates – Simple Interest Calculation Simple interest refers to the interest accrued on the initial investment amount at a predetermined interest rate for the duration of the investment period. Suppose you invest Rs.50,000 for 3 years at a simple interest rate of 5% annually. Using the formula for simple interest, we can calculate the interest earned on the principal amount as follows: Simple Interest = (P * R * T)/100 Where, • P = Principal amount invested = Rs. 50,000 • R = Rate of interest (%) = 5% • T = Tenure = 3 years Simple Interest = (50,000 * 5 * 3) / 100 = Rs.7...

Indian Overseas Bank is one of the most trusted banking institutions in the country. It offers numerous services to the public, one of which is a lucrative fixed deposit investment scheme. This FD is a safe investment option, which offers guaranteed returns to investors, making them ideal for low-risk takers. Furthermore, to help investors make a sound financial decision, there is a facility of an IOB FD calculator to assess their interest earnings from the investment. An individual only needs to enter a few details regarding his/her FD to see an accurate outcome from the same. Benefits of Indian Overseas Bank FD Calculator While using the IOB FD interest rates calculator is optional, one can benefit greatly from such a tool. Listed below are just a few advantages that an investor can look forward to from such calculators. • These calculators are easy to use, prioritising convenience over all other features. • It hardly takes a few seconds to check profitability on such a tool. It would take much longer to calculate manually. • Indian Overseas Bank FD calculatorrelays accurate results, provided the data entered by the user is correct. The same cannot be said for manual calculations, given that the interest calculation process can be long and cumbersome. • Investors can freely alter certain parameters on the calculator until they reach the desired outcome. Thus, apart from profitability, this calculator can also help one decide their correct term and principal for FD invest...