Rates verified from official source

Indian Overseas Bank interest rates · November 2026

Top FD rate
6.75%
444 Days · 444-day Special
Senior citizen FD
7.25%
444 Days · 444-day Special
Top RD rate
6.50%
1 Year
Savings rate
7.00%
Above ₹2000 crore
Top NRE FD rate
6.60%
444 Days
Top FCNR(B) rate
5.00%
USD · 1 Year

IOB FD rates

1 year6.50%Senior 7.00%3 years6.10%Senior 6.60%5 years6.10%Senior 6.60%
All tenures, calculator and comparison →

What will my FD earn at IOB?

Estimated value after 1 year · before tax ₹5,33,301 6.50% p.a. · ₹33,301 interest · quarterly compounding
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Plan your recurring deposit at IOB

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Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

Indian Overseas Bank (IOB) is a nationalised public sector bank, headquartered in Chennai, established in 1937. Its headline 1-year FD rate of 6.50% is 0.26% above the public sector average of 6.24%, ranking #594 of 1033 banks on RateScan.in.

Headquarters
Chennai
Established
1937
Branches
~3,200 approx.
Monitored since
18 Sept 2026
Ownership
Government of India (majority stakeholder)
Operates in
All India (nationwide)

Figures marked “approx.” are rounded public estimates as of 2024.

Financial health
CRAR
17.51%
Capital adequacy
Net NPA
0.45%
Bad loans (net)
Credit rating India Ratings, ICRA
AA
Rating details ↓

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates as of 10 Nov 2026, verified from official source. Majority Government-of-India owned: deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names Indian Overseas Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹31.80 lakh

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending (PSL) – Targets and Classification’”

    What RBI found

    “The bank collected loan related charges in certain PSL accounts, each having sanctioned loan amount upto ₹25,000/-.”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2025-2026/1211

  2. RBI fined the bank ₹63.60 lakh

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Credit Flow to Agriculture- Collateral free agricultural loans’ and ‘Lending to Micro, Small & Medium Enterprises (MSME) Sector’”

    What RBI found

    “The bank had obtained collateral security for agricultural loans up to ₹1.60 lakh in certain cases and The bank had obtained collateral security for loans up to ₹10 lakh extended to certain Micro and Small Enterprises (MSEs).”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2025-2026/191

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Branches

3,635 branches in 510 districts

Most branches: Chennai 125, Delhi 100, Tirunelveli 75

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

IOB Fixed Deposit rate changes

Changes to IOB's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 18 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

10 Nov 2026
▼ 4 cut▲ 3 raised−1.00 to +0.15 pp
  • 121 Days - 179 Days · ₹3 crore & above · General6.00% → 5.00% 1.00 pp
  • 121 Days - 179 Days · ₹3 crore & above · General6.20% → 5.20% 1.00 pp
  • 180 Days - 269 Days · ₹3 crore & above · General6.00% → 5.00% 1.00 pp
Show all 7 changesShow fewer
  • 180 Days - 269 Days · ₹3 crore & above · General6.20% → 5.20% 1.00 pp
  • 444 Days · General6.60% → 6.75% 0.15 pp
  • 444 Days · General · ₹1,00,01,000 to below ₹3 crore6.75% → 6.85% 0.10 pp
  • 444 Days · Senior · ₹1,00,01,000 to below ₹3 crore7.25% → 7.35% 0.10 pp
Bank's rate page ↗
9 Nov 2026
▼ 2 cut−0.03 pp
  • 15 Days - 29 Days · ₹3 crore & above · General6.31% → 6.28% 0.03 pp
  • 7 Days - 14 Days · ₹3 crore & above · General6.31% → 6.28% 0.03 pp
Bank's rate page ↗
5 Nov 2026
▲ 2 raised+0.25 to +0.31 pp
  • 15 Days - 29 Days · ₹3 crore & above · General6.00% → 6.31% 0.31 pp
  • 30 Days - 45 Days · ₹3 crore & above · General5.75% → 6.00% 0.25 pp
Bank's rate page ↗

Showing the latest 11 of 21 recorded changes.

See all IOB rate changes →

Credit rating

What independent credit rating agencies say about Indian Overseas Bank. Every rating links to the document it comes from, so you can check it yourself.

AA
Headline rating
Issuer rating · India Ratings, ICRA · Positive
High safety: very low credit risk
Latest rating action: 17 Feb 2026

Agencies differ: their latest ratings range from AA+ to AA. We show the lowest.

AgencyInstrument RatingOutlook PublishedSource
CARE Basel III Tier II bonds
Basel III Tier II bonds, 2026-27 review
 AA+ Stable Listed by bank
23 Jul 2026
 Bank's page
CRISIL Basel III Tier II bonds
Basel III Tier II bonds, 2026-27 review
 AA+ Stable Listed by bank
25 Jun 2026
 Bank's page
India Ratings Issuer rating
Latest rating date given by the bank: 17 Feb 2026
 AA Positive Listed by bank
17 Feb 2026
 Bank's page
ICRA Basel III Tier II bonds
2025-26 rating (date not given on the page); the bank lists the 2026-27 review as due on 19 Nov 2026
 AA Stable Listed by bank
Date not shown on the bank's page
 Bank's page
India Ratings Basel III Tier II bonds
2025-26 rating (date not given on the page)
 AA Positive Listed by bank
Date not shown on the bank's page
 Bank's page
CARE Certificates of deposit (short-term) A1+ – Listed by bank
Date not shown on the bank's page
 Bank's page

Note: IOB's page also lists international ratings (S&P BBB, Fitch BBB-). Those are not shown here because they rate the bank's foreign-currency standing, not domestic deposits or bonds.

How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics · IOB credit rating details

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with Indian Overseas Bank are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
  • IOB is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
  • Senior citizens (60+) earn up to 0.50% p.a. more than general customers at IOB, depending on the tenure.
  • IOB's FD table includes 5 special schemes; check eligibility and end dates.
official Effective 10 Nov 2026 · Ingested 4 Oct 2026 · Verified 13 Nov 2026 · View source

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