IOB FD Calculator – Indian Overseas Bank

Indian Overseas Bank Fixed Deposits Explained

Indian Overseas Bank offers retail term deposits from 7 days to 10 years. Founded in Chennai in 1937 with an international remit from its first day of business — it opened simultaneously in Chennai, Rangoon and Singapore — IOB retains a branch network weighted towards Tamil Nadu and the southern states alongside a long-standing overseas presence, which makes it a common choice where deposits are funded from abroad into a resident family account.

IOB FD Schemes You Can Open

IOB's retail deposits divide by how interest is treated and by residency:

• •Cumulative (reinvestment) deposit — Interest compounds quarterly and is paid with the principal at maturity — the structure the calculator above models.
• •Non-cumulative deposit — Interest is credited at monthly or quarterly intervals instead of compounding.
• •Tax-saving deposit (5-year) — Qualifies under Section 80C within the ₹1,50,000 annual ceiling, locked for the full term.
• •NRE / NRO and senior citizen variants — Deposits for non-resident depositors, with repatriation following the account type, plus the senior citizen increment.

IOB FD Tenure Slabs and Deposit Rules

Tenure decides how the interest is worked out, not just how long the money is tied up. Below roughly six months there is no completed quarter, so interest is simple; past that it compounds quarterly.

How to Check IOB FD Interest Rates

IOB FD rates are quoted per tenure slab and revised as policy and funding needs shift, so a one-year and a three-year deposit opened on the same morning can price differently.

IOB publishes its domestic term deposit card on iob.in and through net banking, quoted per tenure slab with a separate senior citizen column and distinct cards for NRE and NRO deposits.

Take the current Indian Overseas Bank fixed deposit rates for your exact tenure from the official card, then enter that number above.

What Is Specific to an IOB FD

• •Founded in 1937 opening simultaneously in Chennai, Rangoon and Singapore — an international remit from day one, unusual for the period.
• •Branch density is concentrated in Tamil Nadu and the southern states, which matters if you deposit at a counter.
• •The overseas footprint makes IOB practical where deposits are funded from abroad into a resident account.
• •Senior citizens receive the standard increment on eligible tenures.
• •A loan against the deposit is available rather than breaking it for a short cash need.

Take the rate Indian Overseas Bank quotes for your chosen tenure and enter it above to see the exact maturity value and the year-by-year interest build-up.

Compare lenders on the master FD calculator, or a monthly commitment on the RD calculator.