What is the interest rate in IOB?
What is the interest rate in IOB?
For Domestic Deposits – Upto Rs. 1 cr (As on Dec 01, 2016)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (p.a.) |
|---|---|---|
| 7 days to 14 days (for single deposit of Rs.1 lakh and above) | Upto Rs. 1 cr | 4.00% |
| 15 days to 29 days | Upto Rs. 1 cr | 4.00% |
| 30 days to 45 days | Upto Rs. 1 cr | 4.00% |
| 46 days to 60 days | Upto Rs. 1 cr | 4.00% |
What is the interest rate for savings account in IOB?
Indian Overseas Bank (IOB) Savings Account
| Indian Overseas Bank Savings Account | Details |
|---|---|
| Minimum Balance Requirement | • Rs.5 to Rs. 100 onward • Facility of zero balance account is also available |
| Interest Rate | • 3.5% to 3.75% |
Which fixed deposit is best in IOB?
The highest FD rate for Indian Overseas Bank is 5.2% for a tenure of 3 years to 10 years. The highest Indian Overseas Bank FD rate is 5.7% for senior citizens for a tenure of 3 years to 10 years. What is the minimum amount needed to open an FD account in IOB?
Which is the best interest rate for IOB Rd?
The minimum deposit amount for IOB RD starts from as low as Rs 50. IOB RD Interest Rates: Indian Overseas Bank offers a higher rate of interest on recurring deposits with longer tenure and lowers interest rates for an account opened for a shorter period. The highest interest rate offered by the bank is 6.80% for the deposit amount.
How to calculate maturity amount of IOB Rd?
The RD maturity amount you receive is the sum of all the below-given parameters. Alternatively, one can also use the IOB RD Interest calculator to check the interest earned on their deposit. One might need the below-given details of their RD account to calculate the maturity amount.
When do IOB FD interest rates come into effect?
Note: The Interest rates applicable on deposits less than Rs. 2 crores with effect from 9th November 2021. Note: The Interest rates applicable on deposits less than Rs. 2 crores with effect from 9th November 2021. How to Apply for IOB Fixed Deposit?
What’s the interest rate of Indian Overseas Bank Rd?
N is the Number of times the interest is compounded. For example, Mr H, who lives in Gujarat decides to open an RD account with IOB with a deposit amount of Rs. 4000 for 3 years. The interest rate he is getting is 6.5%. In that case, the total interest amount upon maturity will be Rs 5498, and his total maturity amount will be Rs. 1,59,300.
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