As of 5 Oct 2026, Indian Overseas Bank offers up to 6.50% p.a. on its recurring deposit (RD) (1 Year) for general customers and 7.00% p.a. (3 years to < 5 years) for senior citizens. Rates below are as published by the bank — confirm with IOB before investing.
Rates for deposits below ₹3 crore · general vs senior citizen · trend over time
| Tenure | General | Senior | Trend | Applies to | As of | Source |
|---|---|---|---|---|---|---|
1 Year |
6.50% | 6.50% | Any amount | 15 May 2026 under verification |
official fetched 18 Sept 2026 |
|
> 1 Year to < 2 Years (Except 444 Days) |
6.40% | 6.40% | Any amount | 15 May 2026 under verification |
official fetched 18 Sept 2026 |
|
2 Years to < 3 Years |
6.40% | 6.40% | Any amount | 15 May 2026 under verification |
official fetched 18 Sept 2026 |
|
3 Years and above |
6.10% | 6.10% | Any amount | 15 May 2026 under verification |
official fetched 18 Sept 2026 |
|
3 years to < 5 years |
6.50% | 7.00% | Any amount | 15 May 2026 under verification |
aggregator sourced from third-party |
|
5 years to 10 years |
6.50% | 7.00% | Any amount | 15 May 2026 under verification |
aggregator sourced from third-party |
As of 5 Oct 2026, Indian Overseas Bank offers up to 6.50% p.a. on its recurring deposit (RD) (1 Year) for general customers and 7.00% p.a. (3 years to < 5 years) for senior citizens. Rates below are as published by the bank — confirm with IOB before investing.
Yes. Senior citizens (60+) earn up to 0.50% p.a. more than general customers at Indian Overseas Bank, depending on the tenure.
Deposits with Indian Overseas Bank are insured by DICGC up to ₹5,00,000 per depositor per bank (principal + interest combined).
RateScan.in refreshed this dataset on 5 Oct 2026; the bank's rates shown here are effective 15 May 2026. Rates can change without notice, so verify on the official IOB website before investing.
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.
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.
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