Indian Overseas Bank Fixed Deposit Calculator
Calculate your FD returns and maturity amount with latest IOB interest rates
7.1% p.a.
Best available rate by IOB across all tenures
Nov 2026
Accurate interest rates synced with official schedules
The IOB Fixed Deposit (FD) currently offers up to 6.6% p.a. (up to 7.1% for senior citizens), with a minimum deposit of ₹1,000. Your maturity amount depends on the deposit amount and tenure you choose — use the calculator below to see your exact returns and total interest. TDS applicable if interest exceeds ₹50,000 per annum (₹1,00,000 for senior citizens)
Minimum deposit: ₹1,000
Cumulative FDs compound interest and yield higher returns at maturity.
Used to calculate actual tax on FD interest. Select 0% if income below ₹3L
Maturity Amount
Principal Amount
₹1,00,000
Interest Earned
+₹44,995
Current Interest Rate
IOB General Rate
7.50%
per annum
Higher Rate Available!
Suryoday SFB offers 8.25%
for this tenure
Extra Earnings
+₹3,750
IOB Fixed Deposit Calculator Results
Compare different investment amounts and tenures
IOB Fixed Deposit Interest Rates
Latest interest rates for different tenures
| Tenure | General Rate | General Maturity | Senior Citizen Rate | Senior Maturity |
|---|---|---|---|---|
| 7-14 Days | 3.5% | ₹1,00,134 | 4% | ₹1,00,153 |
| 15-29 Days | 3.5% | ₹1,00,277 | 4% | ₹1,00,317 |
| 30-45 Days | 3.5% | ₹1,00,431 | 4% | ₹1,00,492 |
| 46-60 Days | 4% | ₹1,00,656 | 4.5% | ₹1,00,738 |
| 61-90 Days | 3% | ₹1,00,740 | 3.5% | ₹1,00,863 |
| 91-120 Days | 3.5% | ₹1,01,152 | 4% | ₹1,01,317 |
| 121-179 Days | 2.9% | ₹1,01,427 | 3.4% | ₹1,01,674 |
| 180-269 Days | 4.5% | ₹1,03,353 | 5% | ₹1,03,730 |
| 270 Days to < 1 Year | 5.5% | ₹1,05,599 | 6% | ₹1,06,119 |
| 1 Year | 6.5% | ₹1,06,660 | 7% | ₹1,07,186 |
| > 1 Year to < 2 years (Except 444 Days) | 6.4% | ₹1,13,520 | 6.9% | ₹1,14,641 |
| 444 Days | 6.6% | ₹1,08,289 | 7.1% | ₹1,08,938 |
| 2 Years to < 3 Years | 6.4% | ₹1,20,962 | 6.9% | ₹1,22,758 |
| 3 Years and above | 6.1% | ₹1,83,198 | 6.6% | ₹1,92,440 |
Important Notes
- Min deposit: ₹1,000
- Penalty: 1% on premature closure
- TDS applicable if annual interest exceeds ₹50,000 (₹1 lakh for senior citizens)
- Auto-renewal facility available
Key Benefits
- Guaranteed returns with low risk
- Better rates than savings accounts
- Loan against FD facility
- DICGC insurance up to ₹5,00,000
Premature Withdrawal Guidelines
For short-tenure fixed deposits, premature closure is subject to IOB's minimum holding period and a 1% penalty on the applicable rate for the contracted tenure.
Tax & TDS on IOB Fixed Deposits
Understanding tax implications and deductions on your FD investments
Section 80C
Tax-saving FDs (5-year lock-in) qualify for deduction up to ₹1.5 lakh under Section 80C
Senior Citizens
Higher TDS exemption limit of ₹50,000 for citizens above 60 years
• Regular FDs don't qualify for Section 80C deduction
• Interest income is fully taxable as per income tax slab
• Form 15G/15H can be submitted to avoid TDS
TDS Rate
10%
TDS Threshold
₹50,000
TDS Calculation
TDS is deducted at 10% if total interest from all FDs with IOB exceeds ₹50,000 in a financial year (₹1 lakh for senior citizens). The interest itself is taxable at your slab either way.
TDS is deducted at source by the bank
Form 26AS shows TDS deducted
Can be claimed as advance tax while filing ITR
No PAN: higher 20% TDS applies
₹5 Lakh FD
At 6.6% for 3 years
₹33,000
Annual Interest
TDS: ₹0
₹10 Lakh FD
At 6.6% for 3 years
₹66,000
Annual Interest
TDS: ₹1,600
₹25 Lakh FD
At 6.6% for 3 years
₹1,65,000
Annual Interest
TDS: ₹11,500
IOB Fixed Deposit FAQs
Everything you need to know about IOB Fixed Deposits, interest rates, and FD investment planning
What is the minimum amount required for IOB FD?
What is the current highest FD rate offered by IOB?
Is the interest earned on IOB FD taxable?
Can I get a loan against my IOB FD?
How is IOB FD interest calculated?
Compare FD Rates Across Banks
Calculate Fixed Deposit returns with different banks and find the best rates
