Indian Overseas Bank
Fixed Deposit Calculator
Highest FD Rate
7.1% p.a.
Best available rate by IOB across tenures
IOB Fixed Deposit Calculator
Minimum amount varies by bank (typically ₹1,000)
Best Fixed Deposit Rates Comparison 2025
Compare FD interest rates across top banks - General rates for 5 years
IndusInd
Maturity
₹1.39L
Interest
₹39.1K
ICICI
Maturity
₹1.39L
Interest
₹38.7K
Axis
Maturity
₹1.39L
Interest
₹38.7K
Union Bank
Maturity
₹1.38L
Interest
₹38.0K
SBI
Maturity
₹1.38L
Interest
₹37.7K
HDFC
Maturity
₹1.37L
Interest
₹37.4K
Kotak
Maturity
₹1.37L
Interest
₹37.4K
BOB
Maturity
₹1.37L
Interest
₹37.4K
PNB
Maturity
₹1.36L
Interest
₹36.4K
IOB
Maturity
₹1.36L
Interest
₹36.4K
Canara Bank
Maturity
₹1.36L
Interest
₹36.4K
Highest Rate
6.65%
IndusInd
Max Interest
₹39.1K
Best Return
Rate Spread
0.40%
Difference
Banks Available
11
Compared
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 | Senior Citizen Rate |
|---|---|---|
| 7-14 days | 3% | 3.5% |
| 15-29 days | 3% | 3.5% |
| 30-45 days | 3% | 3.5% |
| 46-60 days | 4.5% | 5% |
| 61-90 days | 4.5% | 5% |
| 91-179 days | 4.9% | 5.4% |
| 180-210 days | 5.6% | 6.1% |
| 211-270 days | 5.6% | 6.1% |
| 271-302 days | 5.6% | 6.1% |
| 303 days | 5.5% | 6% |
| 304 days-1 year | 5.6% | 6.1% |
| 1 year | 6.25% | 6.75% |
| 1-389 days | 6.4% | 6.9% |
| 390 days | 6.6% | 7.1% |
| 391-505 days | 6.4% | 6.9% |
| 506 days | 6.3% | 6.8% |
| 507 days-2 years | 6.4% | 6.9% |
| 2-3 years | 6.4% | 6.9% |
| 3-1203 days | 6.25% | 6.75% |
| 1204 days | 6.15% | 6.65% |
| 1205 days-5 years | 6.25% | 6.75% |
| 5-1894 days | 6% | 6.8% |
| 1895 days | 5.85% | 6.65% |
| 1896 days-10 years | 6% | 6.8% |
Important Notes
- Min deposit: ₹1,000
- Penalty: 1% on premature closure
- TDS applicable if annual interest exceeds ₹40,000
- 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
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%
Exemption Limit
₹40,000
TDS Calculation
TDS is deducted at 10% if total interest from all FDs with IOB exceeds ₹40,000 in a financial year
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: ₹2,600
₹25 Lakh FD
At 6.6% for 3 years
₹165,000
Annual Interest
TDS: ₹12,500
IOB Fixed Deposit FAQs
Everything you need to know about lumpsum investments
Compare FD Rates Across Banks
Calculate Fixed Deposit returns with different banks and find the best rates
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