FD Rates : Indian Overseas Bank (IOB) has revised the interest rates on Fixed Deposit. These new rates have come into effect from 15 November 2023. Indian Overseas Bank is offering FD ranging from 7 days to 10 years.
Overseas Bank (Indian Overseas Bank) has increased the interest rates on FDs of more than one year but less than 2 years by 0.30 percent. Earlier the bank was giving 6.50 percent interest on FD of this period and now it is giving 6.80 percent interest on it. Indian Overseas Bank has also reduced the interest on FD of 444 days to 7.10 percent instead of 7.25 percent. These are the new interest rates on FD of Indian Overseas Bank.
You will get 7.10% interest instead of 7.25% for 444 days.
Till now 7.25 percent interest was being given on 444 days FD of Indian Overseas Bank. Now it has been reduced to 7.10 percent. The bank will continue to offer additional 0.50 per cent interest on the standard rate to senior citizens and 0.75 per cent interest to its super senior citizens.
Indian Overseas Bank interest rates
These are the new FD rates of Indian Overseas Bank now. Indian Overseas Bank is giving 4 percent interest to customers on FD of 7 days to 14 days. At the same time, only 4 percent interest is available on FD of 15 days to 29 days. It is offering 4.25 percent interest on FD of 30 days to 45 days and 4.25 percent interest on FD of 46 days to 60 days.
Indian Overseas Bank is offering 4.25 percent interest on FD of 61 days to 90 days, 4.50 percent on FD of 91 days to 120 days and 4.50 percent on FD of 121 days to 179 days. Instead of 4.95 percent interest on FDs of 180 days to 269 days, 5.35 percent interest on FDs of 270 days to less than 1 year and 6.50 percent interest on FDs of 1 year to less than 2 years, the bank will now give 6.80 percent interest. The bank has revised the interest on FDs from 1 year to less than 2 years and 444 days.