Indian Overseas Bank RD Interest Rates 2024
Tenure | Rate of Interest for General Citizens | Rate of Interest for Senior Citizens | Interest for Super Senior Citizens |
|---|---|---|---|
| 180 to 269 days | 4.95% | 5.45% | 5.70% |
| 270 days to less than 1 year | 5.35% | 5.85% | 6.10% |
| 1 year to less than 2 years | 6.80% | 7.30% | 7.55% |
| 444 days | 7.10% | 7.60% | 7.85% |
| 2 years to less than 3 years | 6.80% | 7.30% | 7.55% |
| 3 years and above | 6.50% | 7.00% | 7.25% |
Indian Overseas Bank (IOB) RD Interest Rates 2024
A recurring deposit plan from Indian Overseas Bank enables salaried or rural savers to make small investments and earn returns. With the help of this strategy, one can achieve financial objectives like getting married or sending their kids to college. The period of the investment and the number of installments are of the depositor’s choice. Additionally, lending facilities are provided by Indian Overseas Bank against recurring deposits.
Indian Overseas Bank is a major public sector bank that was nationalized by the Indian government in 1969. It has a significant presence, with 3,220 domestic branches, 4 overseas branches, a representative office, and two digital banking units. The bank offers a variety of financial goods and services, including recurring deposits. With Indian Overseas Bank’s RD interest rates, investing in recurring deposits is both profitable and safe.
Table of Content
- Indian Overseas Bank RD Interest Rates 2024
- Features of Indian Overseas Bank Recurring Deposit
- How to Open an RD Account in an Indian Overseas Bank?
- How to Calculate RD Interest Rates in Indian Overseas Bank?
- Eligibility Criteria to Start RD Account with Indian Overseas Bank
- Documents Required for Starting an RD Account
- Types of Indian Overseas Bank RD Accounts
- Indian Overseas Bank RD Premature Withdrawal Rules
- Indian Overseas Bank RD Penalty
- Frequently Asked Questions (FAQs)