Indian Overseas Bank Senior Citizen FD Rates

IOB Senior Citizen FD Interest Rates November 2026

Indian Overseas Bank senior citizen highest interest FD rate is 7.10% p.a. on callable deposits and 7.25% p.a. on non-callable deposits on a tenure of 444 days, effective from 11th May 2026:

*Indian Overseas Bank senior citizens FD rates w.e.f. 11 May 2026

How Are IOB Senior Citizen FD Interest Rates Decided?

Several factors decide the senior citizen FD interest rate of the Indian Overseas Bank. Some of the key factors are:

• RBI Monetary Policy: Changes in the RBI's policy rates and broader market conditions can influence the interest rates offered by banks on fixed deposits.
• Tenure Chosen: Different banks offer different FD interest rates depending on the tenure you choose. IOB Special FD schemes, such as the 444-day FD, may offer higher interest rates. The 444-day tenure offers the highest listed rate of 7.10% p.a.
• Additional Interest Rates: Senior citizens aged 60 years and above but less than 80 years can avail an additional 0.50% p.a., and super senior citizens can get an additional 0.75% p.a. on the card rate provided by IOB.
• Deposit Amount: Indian Overseas Bank offers varying interest rates for deposits of less than ₹3 crore and deposits of more than that value.
• Liquidity Requirements: IOB may vary FD rates depending upon its deposit requirements, liquidity position and market conditions.

IOB Tax Saver FD Rates for Senior Citizens

The IOB Tax Saver FD offers an interest rate of 6.10% p.a. to eligible senior citizens. It also gives benefits under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) up to ₹1.5 lakh in a financial year. The FD has a 5-year lock-in period, and the minimum investment is ₹1,000. Resident individuals and the Karta of a Hindu Undivided Family can open this account. Depositors can choose from the applicable interest payout options offered by the bank.

Indian Overseas Bank 444 Days FD Rates for Senior Citizens

Senior citizens can earn the highest interest rate of up to 7.10% p.a. on this deposit. The Indian Overseas Bank 444 Days FD Scheme is a special fixed deposit option offered for a tenure of 444 days. The applicable rate depends on the deposit amount, tenure and other FD conditions. Interest can be received through the available payout options.

Key Features of IOB Senior Citizen FD

The main features of an Indian Overseas Bank senior citizen fixed deposit are:

• Eligibility of senior citizens: Resident senior citizens aged 60 years or older can receive additional interest benefits on eligible domestic FDs.
• FD tenure: The Indian Overseas Bank offers fixed deposits for a period ranging from 7 days to 10 years.
• Interest Payout: All depositors can choose the applicable interest payout option based on the type of FD.
• Overdraft Facility: Overdraft or IOB Loan against FD may be given against qualified FD, as per terms and conditions as applicable to IOB.
• Premature Withdrawal: IOB FD premature withdrawal is available subject to applicable conditions and penalties.
• Taxation: Interest earned on fixed deposits is taxable as per prevailing income tax regulations, and TDS may be applicable.

Calculate the Returns Using IOB FD Calculator

Senior citizens can use an Indian Overseas Bank FD calculator to know the maturity value of the deposit. They can select the payout option and tenure, and the calculator will then give an instant estimate of the maturity value. It’s also helpful to compare cumulative, monthly and quarterly payouts side by side to see which suits your needs best. However, the calculator does not account for TDS deductions, so the actual amount received may differ.