Iob interest rates

The Indian Overseas Bank has also raised its longer-term deposit rates by 25 basis points, according to the bank’s website. The new interest rate will be effective from March 10, 2022. The rates given on term deposits longer than three years will now be 5.45 percent, up from 5.20 percent previously. The interest rates of other FD tenor rates have not been changed by IOB. Other banks savings account interest rate State Bank of India is offering a 2.75 percent interest rate on savings account for any amount. While Axis Bank savings account offers 3.00 percent for less than Rs 50 lakhs, 3.50 percent for an amount between Rs 50 lakh to 10 crores. IDFC First offers an interest rate of 4 percent for amounts below Rs 1 lakh and for amount between Rs 1 lakh to 100Cr it offers between 4.50-5 percent. The interest rate is calculated on a daily basis on the balance in the Savings Account, however it is credited to the account quarterly on the first day of the next quarter with the exception of the fourth quarter where the interest amount is paid on the last day of the quarter. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

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, 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 ...

Indian Overseas Bank (IOB), one of the leading public sector lenders, has increased interest rates on fixed deposits under ₹2 crore. According to the bank's official website, the new rates are effective as of 10.12.2022. Following the revision, the bank hiked FD rates on a variety of tenors by up to 20 bps. The bank is now providing interest rates ranging from 3.75% to 6.50% on deposits maturing in 7 days to 3 years and beyond. IOB FD Rates On deposits maturing in 7 days to 45 days, the bank has hiked the interest rate by 15 bps from 3.60% to 3.75% and on those maturing in 46-90 days, IOB has hiked the interest rate by 20 bps from 3.85% to 4.05%. Indian Overseas Bank will continue to offer an interest rate of 4.20% on FDs maturing in 91-179 days, 4.85% on deposits maturing in 180-269 days and 5.25% on those maturing in 270 days to 1 year. Deposits maturing in 1 year to 2 years (except 444 days) will now fetch an interest rate of 6.40% which was earlier 6.30% a hike of 10 bps and those maturing in 444 days will now fetch an interest rate of 6.55% which is 15 bps higher than the old rate of 6.40%. IOB has hiked interest rates by 10 bps from 6.30% to 6.40% and 6.40% to 6.50% on deposits maturing in 2 years to less than 3 years (except 1000 days) and 3 years and above, respectively. Interest rates for IOB Tax Saver Deposits are placed at 6.50% for a tenure of 5 years. View Full Image IOB FD Rates (iob.in) “For Senior Citizens Additional Rate of 0.50% and for Super Senior Citiz...

Synopsis Indian Overseas Bank revises the interest rates of its fixed deposit schemes. Public can get an interest of 7.25 per for special fixed deposits maturing in 444 days. For senior citizens, the interest can go up to 7.75 per cent. Super senior citizens can earn up to 8 per cent on fixed deposits maturing in 444 days. The new interest rates are effective from April 10, 2023. Check Indian Overseas Bank fixed deposit interest rates ​here Fixed deposits maturing between 7 days and 29 days will fetch an interest rate of 4 per cent. For deposits maturing between 30 days and 90 days, Indian Overseas Bank will offer an interest rate of 4.25 per cent. For fixed deposits maturing between 91 days and 179 days, the bank will give an interest rate of 4.5 per cent. Deposits maturing between 180 days and 269 days will earn an interest rate of 4.95 per cent. Fixed deposits maturing between 270 days and less than one year, will get an interest rate of 5.35 per cent. Indian Overseas Bank will offer an interest rate of 6.5 per cent for fixed deposits maturing between one year and less than two years. However, special deposits maturing in 444 days will earn an interest rate of 7.25 per cent. Earlier it was 7 per cent. For fixed deposits maturing in two years to less than three years, the bank will offer an interest rate of 6.8 per cent. FDs maturing in three years and above will fetch an interest rate of 6.50 per cent. Tenure Interest rate for public (%) Interest rate for senior citizen...

Indian Overseas Bank offers ‘Subha Gruha’ home loans @ 8.85% p.a. onwards for loan tenures of up to 30 years and loan amounts of up to 90% of property’s value. The bank offers repayment holiday periods of up to 18 months for under-construction property from the date of first loan disbursement or the completion of construction, whichever is earlier. The maximum repayment holiday period is 3 months incase of home loan availed for home purchases. Table of Contents • • • • • • • • Indian Overseas Bank (IOB) Home Loan Interest Rates Housing Loan Loan Amount Interest Rate (p.a.) Up to Rs 24.99 lakh 9.55% Rs 25 lakh and above Starts @ 8.85% (final pricing based on internal scoring model of the bank) Subhagruha Top-up Loans Loan Amount Interest Rate (p.a.) Up to Rs 30 lakh 11.65% Rs 30 lakh-Rs 1 crore 11.60% Above Rs 1 crore 12.10% Subhagruha CC Loans Loan Amount Interest Rate (p.a.) Up to Rs 30 lakh 9.70% Above Rs 30 lakh to Rs 75 lakh 9.75% Above Rs 75 lakh 9.90% Home Improvement Loan Amount Interest Rate (p.a.) Up to Rs 2 lakh 9.65% Above Rs 2 lakh 9.80% IOB Home Advantage Loan Amount Interest Rate (p.a.) Up to Rs 30 lakh 10.95% Above Rs 30 lakh to Rs 75 lakh 11.00% Above Rs 75 lakh 11.15% Name of Lender Up to Rs. 30 Lakh Above Rs. 30 Lakh to Rs. 75 Lakh Above Rs. 75 Lakh 8.50% - 10.15% 8.50% - 10.05% 8.50% - 10.05% 8.50% - 10.35% 8.50% - 10.60% 8.50% - 10.70% 8.45% – 10.35% 8.45% – 10.55% 8.45% – 10.75% 9.00%-9.80% 9.00%-9.95% 9.00%-10.05% 8.85% onwards 8.85% onwards 8.85% onw...

Tenure Normal Citizen FD Rate Senior Citizen FD Rate 7 days - 29 days 4% 4.5% 1 month - 2 months 29 days 4.25% 4.75% 2 months 30 days - 5 months 26 days 4.5% 5% 5 months 27 days - 8 months 24 days 4.95% 5.45% 8 months 25 days - 11 months 29 days 5.35% 5.85% 11 months 30 days - 1 year 2 months 16 days 6.5% 7% 1 year 2 months 17 days - 1 year 2 months 17 days 7.25% 7.75% 1 year 2 months 18 days - 1 year 11 months 29 days 6.5% 7% 1 year 11 months 30 days - 2 years 11 months 29 days 6.8% 7.3% 2 years 11 months 30 days - 9 years 11 months 28 days 6.5% 7% Indian Overseas Bank (IOB) was founded in 1937 with the main objective of specializing in foreign exchange business in banking and taking the Bank across the globe. The bank has its headquarters in Chennai. As of March 2022, IOB bank has 3,214 branch offices across India, an overseas presence across 4 countries and 3,355 ATMs. The total deposits as of March 2022 stood at INR 2,62,158.92 crores. IOB Bank’s Fixed Deposits have an AA Credit Rating. Indian Overseas Bank offers multiple fixed deposits for various tenures with different interest rates to its investors. The interest rate on IOB FDs is higher in their savings account. One can invest in IOB FDs through both online and offline modes with just a minimum investment of INR 1,000. This article covers IOB FD, its features and interest rates in detail. IOB Fixed deposit schemes Following are the types of • Reinvestment Deposit • IOB 80 Plus Term Deposit • Vardhan – Deposit for...