IOB Bank Rd Interest Rates

Hello sir, my father has account in Indian overseas bank. is there any one can give me here interest rates detail of IOB bank for RD?

The Indian Overseas Bank is provides detail for interest rates. The IOB bank is provides its customers with the option of opening a short- term recurring deposit account for a period of 6 months to less than 3 years.

Depositors can earn an interest rate ranging between 5.75 percent and 7.00 percent per annum on short- term deposits of up to Rs.1 crore.

Using its account, people can deposit money with the bank for minimum 6 months and maximum 10 years.

The Indian Overseas Bank gives people a loan of up to 90 % of the amount deposited in this account and on the accrued interest.

Depositors have to invest minimum Rs.50 every month in their RD accounts and in multiples of Rs.5 thereafter.

Indian Overseas Bank Recurring Deposit Interest Rates:

Tenure Interest Rate Senior Citizen
6 months to 269 days 5.75 6.25
270 days to less than 1 year 6.25 6.75
1 year to less than 2 years 7.25 7.75
2 years to 3 years 7.00 7.50
3 Years to less than 5 years 7.00 7.50
5 years and more 7.00 7.50

IOB bank RD rates:

Attached Files Available for Download

IOB bank RD rates.pdf (158.0 KB, 44 views)

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Answered By StudyChaCha Member