Rates verified from official source Under Verification

Indian Overseas Bank
deposit rates

Top FD rate
6.60%
444 Days · 444-day Special
Senior citizen FD
7.00%
3 years to < 5 years
Savings rate
2.75%
All balances
1-year FD rank
#2
of 12 public sector banks · 6.50%

Overview

www.iob.in

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 +0.30% above the public sector average of 6.20%, ranking #2 of 12 public sector banks.

Headquarters
Chennai
Established
1937
Branches
~3,200 approx.
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)

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

1-year FD rate
6.50%
+0.30% above the public sector average of 6.20%
Peer rank
#2
of 12 public sector banks
Recent movement
unchanged

Rates as of 15 May 2026, verified from official source. Majority Government-of-India owned — deposits insured by DICGC up to ₹5,00,000.

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Estimate returns at IOB (quarterly compounding)

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Fixed Deposit rates

Rates for deposits below ₹3 crore · General / Senior / Super Senior · trend over time

2%3%4%5%6%7% 7-14 Days*: 3.50% 7–45 days: 4.00% 15-29 Days: 3.50% 30-45 Days: 3.50% 46-60 Days: 4.00% 46–90 days: 5.00% 61-90 Days: 3.00% 91-120 Days: 3.50% 91–180 days: 5.50% 121-179 Days: 2.90% 180-269 Days: 4.75% 181 days to < 1 year: 6.30% 270 Days to < 1 Year: 5.50% 1 Year: 6.50% · Post Office TD: 6.90% (at/below the govt-guaranteed benchmark) > 1 Year to < 2 Years (Except 444 Days): 6.40% · Post Office TD: 6.90% (at/below the govt-guaranteed benchmark) 444 Days · 444-day Special: 6.60% · Post Office TD: 6.90% (at/below the govt-guaranteed benchmark) 2 Years to < 3 Years: 6.40% · Post Office TD: 7.00% (at/below the govt-guaranteed benchmark) 3 Years and above: 6.10% · Post Office TD: 7.10% (at/below the govt-guaranteed benchmark) 3 years to < 5 years: 6.50% · Post Office TD: 7.10% (at/below the govt-guaranteed benchmark) 5 years to 10 years: 6.50% · Post Office TD: 7.50% (at/below the govt-guaranteed benchmark) 7d7d15d1m2m2m2m3m3m4m6m6m9m1y1y444d2y3y3y5y General Post Office TD Special scheme

Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.

2%3%4%5%6%7% 7-14 Days*: 3.50% (General: 3.50%) 7–45 days: 4.50% (General: 4.00%) 15-29 Days: 3.50% (General: 3.50%) 30-45 Days: 3.50% (General: 3.50%) 46-60 Days: 4.00% (General: 4.00%) 46–90 days: 5.50% (General: 5.00%) 61-90 Days: 3.00% (General: 3.00%) 91-120 Days: 3.50% (General: 3.50%) 91–180 days: 6.00% (General: 5.50%) 121-179 Days: 2.90% (General: 2.90%) 180-269 Days: 4.50% (General: 4.75%) 181 days to < 1 year: 6.80% (General: 6.30%) 270 Days to < 1 Year: 5.50% (General: 5.50%) 1 Year: 6.50% (General: 6.50%) · Post Office TD: 6.90% (at/below the govt-guaranteed benchmark) > 1 Year to < 2 Years (Except 444 Days): 6.40% (General: 6.40%) · Post Office TD: 6.90% (at/below the govt-guaranteed benchmark) 444 Days · 444-day Special: 6.60% (General: 6.60%) · Post Office TD: 6.90% (at/below the govt-guaranteed benchmark) 2 Years to < 3 Years: 6.40% (General: 6.40%) · Post Office TD: 7.00% (at/below the govt-guaranteed benchmark) 3 Years and above: 6.10% (General: 6.10%) · Post Office TD: 7.10% (at/below the govt-guaranteed benchmark) 3 years to < 5 years: 7.00% (General: 6.50%) · Post Office TD: 7.10% (at/below the govt-guaranteed benchmark) 5 years to 10 years: 7.00% (General: 6.50%) · Post Office TD: 7.50% (at/below the govt-guaranteed benchmark) 7d7d15d1m2m2m2m3m3m4m6m6m9m1y1y444d2y3y3y5y Senior General Post Office TD Special scheme

Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.

4%4.50%5%5.50%6%6.50%7%7.50% 7–45 days: 4.75% (Senior: 4.50%) 46–90 days: 5.75% (Senior: 5.50%) 91–180 days: 6.25% (Senior: 6.00%) 181 days to < 1 year: 7.05% (Senior: 6.80%) 1 year to < 2 years: 7.45% (Senior: 6.40%) · Post Office TD: 6.90% (above the govt-guaranteed benchmark) 444 days special · 444-day Special: 7.45% (Senior: 6.60%) · Post Office TD: 6.90% (above the govt-guaranteed benchmark) 2 years to < 3 years: 7.35% (Senior: 6.40%) · Post Office TD: 7.00% (above the govt-guaranteed benchmark) 3 years to < 5 years: 7.25% (Senior: 7.00%) · Post Office TD: 7.10% (above the govt-guaranteed benchmark) 5 years to 10 years: 7.25% (Senior: 7.00%) · Post Office TD: 7.50% (at/below the govt-guaranteed benchmark) 7d2m3m6m1y444d2y3y5y 4.755.756.257.057.457.457.357.257.25 Super Senior Senior Post Office TD Special scheme

Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.

TenureGeneralSeniorSuper Sr.TrendApplies to
7-14 Days*
 3.50% 3.50% — Below ₹3 crore (retail)
7–45 days
 4.00% 4.50% 4.75% Below ₹3 crore (retail)
15-29 Days
 3.50% 3.50% — Below ₹3 crore (retail)
30-45 Days
 3.50% 3.50% — Below ₹3 crore (retail)
46-60 Days
 4.00% 4.00% — Below ₹3 crore (retail)
46–90 days
 5.00% 5.50% 5.75% Below ₹3 crore (retail)
61-90 Days
 3.00% 3.00% — Below ₹3 crore (retail)
91-120 Days
 3.50% 3.50% — Below ₹3 crore (retail)
91–180 days
 5.50% 6.00% 6.25% Below ₹3 crore (retail)
121-179 Days
 2.90% 2.90% — Below ₹3 crore (retail)
180-269 Days
 4.75% 4.50% — Below ₹3 crore (retail)
181 days to < 1 year
 6.30% 6.80% 7.05% Below ₹3 crore (retail)
270 Days to < 1 Year
 5.50% 5.50% — Below ₹3 crore (retail)
1 Year
 6.50% 6.50% — Below ₹3 crore (retail)
> 1 Year to < 2 Years (Except 444 Days)
 6.40% 6.40% 7.45% Below ₹3 crore (retail)
444 Days
444-day Special
 6.60% 6.60% 7.45% Below ₹3 crore (retail)
2 Years to < 3 Years
 6.40% 6.40% 7.35% Below ₹3 crore (retail)
3 Years and above
 6.10% 6.10% — Below ₹3 crore (retail)
3 years to < 5 years
 6.50% 7.00% 7.25% Below ₹3 crore (retail)
5 years to 10 years
 6.50% 7.00% 7.25% Below ₹3 crore (retail)
Source ↗

Recurring Deposit rates

Rates for deposits below ₹3 crore · general vs senior citizen · trend over time

TenureGeneralSeniorTrendApplies to
1 Year
 6.50% 6.50% Any amount
> 1 Year to < 2 Years (Except 444 Days)
 6.40% 6.40% Any amount
2 Years to < 3 Years
 6.40% 6.40% Any amount
3 Years and above
 6.10% 6.10% Any amount
3 years to < 5 years
 6.50% 7.00% Any amount
5 years to 10 years
 6.50% 7.00% Any amount
Source ↗

Savings account rates

Rates for deposits below ₹3 crore · general vs senior citizen · trend over time

TenureGeneralSeniorTrendApplies to
Any tenure
 2.75% 2.75% All balances
Source ↗

Good to know

Deposits with Indian Overseas Bank are insured by DICGC up to ₹5,00,000 per depositor (principal + interest). Senior citizens (60+) typically earn an extra 0.50% p.a. over the published general rates.

official Effective 15 May 2026 · View source

Informational only — always confirm the current rate on the official IOB website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.