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+
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 The Fixed Deposit scheme is available in three modes - The quarterly payout scheme where the interest can be withdrawn every quarter from the start date of the investment, the monthly payout scheme where the customer can withdraw the interest every month if he chooses, and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.
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.
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
It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.
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% |
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% |
Allahabad Bank FD Interest Rates
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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
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% |
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. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in