YOU ARE HERE » MONEYCONTROL » FIXED INCOME » BANK DEPOSITS

Indian Overseas Bank

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Rs. 1 cr to less than Rs. 10 cr (last revised on Jun 30, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Rs. 1 cr to less than Rs. 10 cr

7.00

N.A

Calculate
15 days to 29 days Rs. 1 cr to less than Rs. 10 cr

7.25

N.A

Calculate
30 days to 45 days Rs. 1 cr to less than Rs. 10 cr

8.00

N.A

Calculate
46 days to 60 days Rs. 1 cr to less than Rs. 10 cr

8.00

N.A

Calculate
61 days to 90 days Rs. 1 cr to less than Rs. 10 cr

8.25

N.A

Calculate
91 days to 120 days Rs. 1 cr to less than Rs. 10 cr

8.25

N.A

Calculate
121 days to 179 days Rs. 1 cr to less than Rs. 10 cr

8.25

N.A

Calculate
180 days to 269 days Rs. 1 cr to less than Rs. 10 cr

8.25

N.A

Calculate
270 days less than 1 year Rs. 1 cr to less than Rs. 10 cr

8.50

N.A

Calculate
1 year Rs. 1 cr to less than Rs. 10 cr

9.05

N.A

Calculate
Above 1 year to less than 2 years Rs. 1 cr to less than Rs. 10 cr

8.50

N.A

Calculate
2 years to 3 years Rs. 1 cr to less than Rs. 10 cr

8.50

N.A

Calculate
Above 3 years to less than 5 years Rs. 1 cr to less than Rs. 10 cr

8.30

N.A

Calculate
5 years and above Rs. 1 cr to less than Rs. 10 cr

8.30

N.A

Calculate

b) For domestic deposits - Rs. 10 cr and above (last revised on Jan 30, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Rs. 10 cr and above

7.00

N.A

Calculate
15 days to 29 days Rs. 10 cr and above

7.25

N.A

Calculate
30 days to 45 days Rs. 10 cr and above

7.75

N.A

Calculate
46 days to 60 days Rs. 10 cr and above

7.75

N.A

Calculate
61 days to 90 days Rs. 10 cr and above

7.75

N.A

Calculate
91 days to 120 days Rs. 10 cr and above

8.50

N.A

Calculate
121 days to 179 days Rs. 10 cr and above

8.75

N.A

Calculate
180 days to 269 days Rs. 10 cr and above

9.00

N.A

Calculate
270 days less than 1 year Rs. 10 cr and above

9.00

N.A

Calculate
1 year to less than 2 years Rs. 10 cr and above

9.30

N.A

Calculate
2 years to 3 years Rs. 10 cr and above

8.50

N.A

Calculate
Above 3 years to less than 5 years Rs. 10 cr and above

8.30

N.A

Calculate
5 years and above Rs. 10 cr and above

8.30

N.A

Calculate

c) For domestic deposits - Upto Rs. 1 cr (last revised on Aug 12, 2013)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days (for single deposit of Rs.1 lakh and above) Upto Rs. 1 cr

7.25

N.A

Calculate
15 days to 29 days Upto Rs. 1 cr

7.25

N.A

Calculate
30 days to 45 days Upto Rs. 1 cr

7.25

N.A

Calculate
46 days to 60 days Upto Rs. 1 cr

7.25

N.A

Calculate
61 days to 90 days Upto Rs. 1 cr

7.25

N.A

Calculate
91 days to 120 days Upto Rs. 1 cr

7.25

N.A

Calculate
121 days to 179 days Upto Rs. 1 cr

7.50

N.A

Calculate
180 days to 269 days Upto Rs. 1 cr

8.25

N.A

Calculate
270 days less than 1 year Upto Rs. 1 cr

8.50

N.A

Calculate
1 year to less than 2 years Upto Rs. 1 cr

9.00

N.A

Calculate
2 years to 3 years Upto Rs. 1 cr

9.00

N.A

Calculate
Above 3 years to less than 5 years Upto Rs. 1 cr

9.00

N.A

Calculate
5 years and above Upto Rs. 1 cr

9.00

N.A

Calculate

d) For domestic deposits - Upto Rs. 25 lakh (last revised on Aug 12, 2013)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days (for single deposit of Rs.1 lakh and above) Upto Rs. 25 lakh

N.A

7.75

Calculate
15 days to 29 days Upto Rs. 25 lakh

N.A

7.75

Calculate
30 days to 45 days Upto Rs. 25 lakh

N.A

7.75

Calculate
46 days to 60 days Upto Rs. 25 lakh

N.A

7.75

Calculate
61 days to 90 days Upto Rs. 25 lakh

N.A

7.75

Calculate
91 days to 120 days Upto Rs. 25 lakh

N.A

7.75

Calculate
121 days to 179 days Upto Rs. 25 lakh

N.A

8.00

Calculate
180 days to 269 days Upto Rs. 25 lakh

N.A

8.75

Calculate
270 days less than 1 year Upto Rs. 25 lakh

N.A

9.00

Calculate
1 year to less than 2 years Upto Rs. 25 lakh

N.A

9.50

Calculate
2 years to 3 years Upto Rs. 25 lakh

N.A

9.50

Calculate
Above 3 years to less than 5 years Upto Rs. 25 lakh

N.A

9.50

Calculate
5 years and above Upto Rs. 25 lakh

N.A

9.50

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
IOB Tax Saver Deposit Scheme - 5 Years Upto Rs. 1 lakh

9.00

N.A

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRO Fixed Deposit - Rs. 1 cr to less than Rs. 10 cr (last revised on Jun 30, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 1 cr to less than Rs. 10 cr 7.00 Calculate
15 days to 29 days Rs. 1 cr to less than Rs. 10 cr 7.25 Calculate
30 days to 45 days Rs. 1 cr to less than Rs. 10 cr 8.00 Calculate
46 days to 60 days Rs. 1 cr to less than Rs. 10 cr 8.00 Calculate
61 days to 90 days Rs. 1 cr to less than Rs. 10 cr 8.25 Calculate
91 days to 120 days Rs. 1 cr to less than Rs. 10 cr 8.25 Calculate
121 days to 179 days Rs. 1 cr to less than Rs. 10 cr 8.25 Calculate
180 days to 269 days Rs. 1 cr to less than Rs. 10 cr 8.25 Calculate
270 days less than 1 year Rs. 1 cr to less than Rs. 10 cr 8.50 Calculate
1 year Rs. 1 cr to less than Rs. 10 cr 9.05 Calculate
Above 1 year to less than 2 years Rs. 1 cr to less than Rs. 10 cr 8.50 Calculate
2 years to 3 years Rs. 1 cr to less than Rs. 10 cr 8.50 Calculate
Above 3 years to less than 5 years Rs. 1 cr to less than Rs. 10 cr 8.30 Calculate
5 years and above Rs. 1 cr to less than Rs. 10 cr 8.30 Calculate

b) For NRO Fixed Deposit - Rs. 10 cr and above (last revised on Jan 30, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 10 cr and above 7.00 Calculate
15 days to 29 days Rs. 10 cr and above 7.25 Calculate
30 days to 45 days Rs. 10 cr and above 7.75 Calculate
46 days to 60 days Rs. 10 cr and above 7.75 Calculate
61 days to 90 days Rs. 10 cr and above 7.75 Calculate
91 days to 120 days Rs. 10 cr and above 8.50 Calculate
121 days to 179 days Rs. 10 cr and above 8.75 Calculate
180 days to 269 days Rs. 10 cr and above 9.00 Calculate
270 days less than 1 year Rs. 10 cr and above 9.00 Calculate
1 year to less than 2 years Rs. 10 cr and above 9.30 Calculate
2 years to 3 years Rs. 10 cr and above 8.50 Calculate
Above 3 years to less than 5 years Rs. 10 cr and above 8.30 Calculate
5 years and above Rs. 10 cr and above 8.30 Calculate

c) For NRO Fixed Deposit - Upto Rs. 1 cr (last revised on Aug 12, 2013)

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 7.25 Calculate
15 days to 29 days Upto Rs. 1 cr 7.25 Calculate
30 days to 45 days Upto Rs. 1 cr 7.25 Calculate
46 days to 60 days Upto Rs. 1 cr 7.25 Calculate
61 days to 90 days Upto Rs. 1 cr 7.25 Calculate
91 days to 120 days Upto Rs. 1 cr 7.25 Calculate
121 days to 179 days Upto Rs. 1 cr 7.50 Calculate
180 days to 269 days Upto Rs. 1 cr 8.25 Calculate
270 days less than 1 year Upto Rs. 1 cr 8.50 Calculate
1 year to less than 2 years Upto Rs. 1 cr 9.00 Calculate
2 years to 3 years Upto Rs. 1 cr 9.00 Calculate
Above 3 years to less than 5 years Upto Rs. 1 cr 9.00 Calculate
5 years and above Upto Rs. 1 cr 9.00 Calculate

a) For NRE Fixed Deposit - Rs. 1 cr and above (last revised on Nov 23, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
Above 3 years to less than 5 years Rs. 1 cr and above 9.50 Calculate
5 years to 10 years Rs. 1 cr and above 9.50 Calculate

b) For NRE Fixed Deposit - Upto Rs. 1 cr (last revised on Mar 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to less than 2 years Upto Rs. 1 cr 9.00 Calculate
2 years to less than 3 years Upto Rs. 1 cr 9.00 Calculate
Above 3 years to less than 5 years Upto Rs. 1 cr 9.00 Calculate
5 years to 10 years Upto Rs. 1 cr 9.00 Calculate
Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.

Close