Last Updated on 01/12/2017
Rates At a glance

INTEREST RATES ON FCNR DEPOSITS FROM 01.12.2017

MATURITY PERIOD

USD

GBP

EUR

JPY

CAD

AUD

CHF

NZD

SGD

One Yr & above but less than Two Yrs

3.02

1.69

1.02

1.04

2.80

2.57

0.00

2.50

1.34

Two Yrs & above but less than Three Yrs

3.17

1.88

1.09

1.06

2.79

2.66

0.00

2.66

1.51

Three Years & above but less than Four Yrs

3.53

2.00

1.48

1.07

2.89

2.76

0.00

2.81

1.66

Four Years & above but less than Five Yrs

3.60

2.09

1.61

1.09

2.96

3.01

0.00

2.96

1.78

Five Years only

3.65

2.16

1.74

1.12

3.00

3.10

0.00

3.09

1.89

 

INTEREST RATES ON RFC DEPOSITS FROM 01.12.2017

MATURITY PERIOD

USD

GBP

EUR

JPY

CAD

AUD

SAVINGS BANK

1.35

0.49

0.01

0.01

1.20

1.66

Six Mths and above but less than One Yr

1.66

0.58

0.01

0.01

1.64

2.05

One Yr and above but less than Two Yrs

3.02

1.69

1.02

1.04

2.80

2.57

Two Yrs and above but less than Three Yrs

3.17

1.88

1.09

1.06

2.79

2.66

Three Years only

3.53

2.00

1.48

1.07

2.89

2.76

 

 INTEREST RATES ON FCNR DEPOSITS FROM 01.11.2017        
MATURITY PERIOD USD GBP EUR JPY CAD AUD CHF NZD SGD
One Yr & above but less than Two Yrs 2.88 1.64 1.00 1.03 2.79 2.55 0.00 2.52 1.27
Two Yrs & above but less than Three Yrs 3.05 1.85 1.06 1.05 2.79 2.70 0.00 2.66 1.47
Three Years & above but less than Four Yrs 3.41 1.95 1.43 1.07 2.90 2.83 0.00 2.82 1.64
Four Years & above but less than Five Yrs 3.50 2.03 1.56 1.09 2.98 3.11 0.00 2.98 1.78
Five Years only 3.59 2.10 1.71 1.12 3.04 3.19 0.00 3.14 1.91

 

INTEREST RATES ON RFC DEPOSITS FROM 01.11.2017   
MATURITY PERIOD USD GBP EUR JPY CAD AUD
SAVINGS BANK 1.24 0.37 0.01 0.01 1.20 1.63
Six Mths and above but less than One Yr 1.57 0.56 0.01 0.01 1.65 2.05
One Yr  and above but less than Two Yrs 2.88 1.64 1.00 1.03 2.79 2.55
Two Yrs and above but less than Three Yrs 3.05 1.85 1.06 1.05 2.79 2.70
Three Years only 3.41 1.95 1.43 1.07 2.90 2.83

RFC(D) doesn’t carry any interest. it can only be a current account

 

INTEREST RATES ON FCNR DEPOSITS FROM 01.10.2017
MATURITY PERIOD USD GBP EUR JPY CAD AUD CHF NZD SGD
One Yr & above but less than Two Yrs 2.79 1.60 1.02 1.03 2.85 2.63 0.00 2.55 1.20
Two Yrs & above but less than Three Yrs 2.96 1.82 1.09 1.05 2.92 2.77 0.00 2.73 1.40
Three Years & above but less than Four Yrs 3.33 1.93 1.46 1.07 3.03 2.93 0.00 2.92 1.57
Four Years & above but less than Five Yrs 3.40 2.01 1.60 1.09 3.10 3.22 0.00 3.10 1.73
Five Years only 3.47 2.10 1.74 1.12 3.16 3.34 0.00 3.25 1.86
INTEREST RATES ON RFC DEPOSITS FROM 01.10.2017
MATURITY PERIOD USD GBP EUR JPY CAD AUD
SAVINGS BANK 1.24 0.25 0.01 0.01 1.22 1.77
Six Mths and above but less than One Yr 1.51 0.49 0.01 0.01 1.73 2.07
One Yr and above but less than Two Yrs 2.79 1.60 1.02 1.03 2.85 2.63
Two Yrs and above but less than Three Yrs 2.96 1.82 1.09 1.05 2.92 2.77
Three Years only 3.33 1.93 1.46 1.07 3.03 2.93
INTEREST RATES ON FCNR DEPOSITS FROM 01.09.2017
MATURITY PERIOD USD GBP EUR JPY CAD AUD CHF NZD SGD
One Yr & above but less than Two Yrs 2.69 1.39 1.00 1.02 2.63 2.58 0.00 2.53 1.15
Two Yrs & above but less than Three Yrs 2.81 1.55 1.07 1.03 2.59 2.72 0.00 2.70 1.33
Three Years & above but less than Four Yrs 3.12 1.63 1.42 1.04 2.69 2.86 0.00 2.88 1.49
Four Years & above but less than Five Yrs 3.20 1.71 1.54 1.05 2.77 3.13 0.00 3.03 1.63
Five Years only 3.29 1.79 1.67 1.07 2.84 3.24 0.00 3.18 1.75
INTEREST RATES ON RFC DEPOSITS FROM 01.09.2017 
MATURITY PERIOD USD GBP EUR JPY CAD AUD
SAVINGS BANK 1.24 0.25 0.01 0.01 1.04 1.73
Six Mths and above but less than One Yr 1.45 0.40 0.01 0.01 1.45 2.05
One Yr  and above but less than Two Yrs 2.69 1.39 1.00 1.02 2.63 2.58
Two Yrs and above but less than Three Yrs 2.81 1.55 1.07 1.03 2.59 2.72
Three Years only 3.12 1.63 1.42 1.04 2.69 2.86
RFC(D) doesn’t carry any interest. it can only be a current account
Indian Overseas Bank
RATES AT A QUICK GLANCE 

Savings Bank Interest Rates with effect from 1st October 2017

 

Rate of Interest

Minimum Balance

Details

Balance Upto       Rs. 25 Lacs

Balance Above     Rs. 25 lacs

Rural

Semi Urban

Urban

Other Branches

Pensioners' SB account

1. Savings Bank A/c.

 

 

 

 

 

 

 

A. Domestic

 

 

 

 

 

 

 

a. With cheque book facility

3.5

4

500

500

1000

1000

250

b. Without cheque book facility

3.5

4

100

100

500

500

5

c. No Frills Account

3.5

4

5

5

 

 

 

B. Non Resident

 

 

 

 

 

 

 

a. NRO

3.5

4

 

 

 

 

 

b. NRE

3.5

4

2. Term Deposit Interest Rates (w.e.f. 15.06.2017)
 

Up to

Rs 1 Crore

7 days - 14 days * 4.00
15 days - 29 days 4.00
30 days - 45 days 4.00
46 days - 60 days 4.00
61 days - 90 days 4.50
91 days - 120 days 5.00
121 days - 179 days 5.00
180 days - 269 days 5.75
270 days -< 1 year 6.25
1 yr only--  
12 months to 15 months  6.75
>15 months to < 2 years  6.50
>1 yr - < 2 yrs    --
2 yrs to 3 yrs 6.25
> 3 Yrs - < 5 Yrs 6.00
5 Yrs & above  6.00

  Interest rates for senior citizens:

* Minimum Amount Rs 1 Lakh

For Senior Citizens Additional Rate of 0.50% continues.

For the retired staff members the maximum additional interest rate benefit shall be capped at 1% over and above the card rate.

Interest rate for IOB Tax Saver Deposit stands at 6.00%. 

 
Pre - Closure charges of 1% on premature withdrawal of Term Deposits above Rs.15,000/- w.e.f.08.01.2015 on fresh deposits and renewal of deposits after the above cut-off date. 
 
Rates for Bulk Domestic Deposits
 

*For Deposits of Rs. 1 Cr  & above, customers are requested to contact the nearest branch to obtain rates.

 

 Period of Deposit

Rs.1 Cr. to <10 Crs  
7-14 days              *
15 -29 days
30–45 days
46–60 days
61–90 days
91days-120 days
121days-179 days
180 days–269 days
270 days --< 1 yr
1yr                                   
>1 yr -< 2 yrs
2 yrs  to 3 yrs
>3 yrs -< 5 yrs
5 yrs & above
Rates Valid  Up-to  
 
IOB Tax Saver Deposit Scheme:  7.00% p.a.
 
Gold Monetization Scheme - Short Term Bank Deposit
Bank Name
Quantity of Gold
Tenure Period
Rate of Interest (% p.a.)
 Indian Overseas Bank
 30 grams and above
 1 year to 3 years
 0.25 % p. a
 
 
LIST OF BRANCHES ACCEPTING GOLD DEPOSITS UNDER GOLD MONETIZATION SCHEME
 
Centre
Branch
Contact No
Mumbai
1. Fort - Mumbai                        
30 & 32  Tamarind House  
Tamarind Lane  

MUMBAI  

PIN : 400023 

Dist : MUMBAI 
022 22622012
022 22622158
022 22622205
022 22622162
 
2.Kalbadevi Road-Mumbai     
15/17  OVAL WADI, VITHALWADI  
CHUNILAL MEHTA CHAMBERS,
KALBADEVI  
MUMBAI  

PIN : 400002 

Dist : MUMBAI 
022 22400757
022 22404769
022 22404569
 
 
New Delhi
3.Janpath                                  
 F 47  MALHOTRA BUILDINGS  
JANPATH, QUEENS WAY  

NEW DELHI  

PIN : 110001 

Dist : DELHI
011 23314436
011 23313752
011 23359796
011 23316836
011 23315304
011 23316149
 
Kozhikode
4.Kozhikode (Calicut)               
 11/41 C  M SONS ARCADE  
CHEROOTY ROAD  

KOZHIKODE  

PIN : 673001 

Dist : KOZHIKODE
0495 2365885
0495 2366264
 
 
 
2. Term Deposit Interest Rates  
B. Non Resident Account  
NRE (All Maturities) W.e .f  15.06.2017
                  Period
For Amount Less than Rs 1 Cr
Interest rates % p.a.

 For Amount Rs.1Cr      and above          Interest Rate  % p.a

1 Year only    ---                                  Refer Branch
12 months to 15 months    6.75                                  Refer Branch
>15 months to < 2 years    6.50                                  Refer Branch
>1 Year to less than 2 years ---

 Refer Branch

2 Years to 3 Years 6.25

Refer Branch

> 3 years to less  than 5 years    6.00

Refer Branch

5 years up to 10 years    6.00

Refer Branch

 

2. Term Deposit Interest Rates
C. FCNR (B)
RFC (D) does not carry any interest. It can only be a current account
 
 
Indian Overseas Bank
Services Charges
FEE based service charges
1. Lockers
Type Size in Cubic / Inches Rural / Semi Urban Metro / Urban
A 539 460 870
B 858 660 1170
C 1186 760 1430
D 1337 870 1530
E 1872 1170 2040
F 2767 1480 2600
G 2843 1780 2600
H 3986 2190 3570
H1 1828 1170 1830
K 6412 3310 5450
L 6296 3310 5450
L1 4671 2600 4130
L2 6117 3310 5450
 
2. Credit CardsAmount of Charges / Interest
Card Membership/Joining Fee NIL
Photocard Rs.100/- ( only once )
Annual Fees NIL
Hot listing charges NIL
Replacement Card Rs.100/-
Duplicate statement copy Rs.50/-
Charge slip copy Rs.100/-
Original Charge slip Rs.300/-
Late Fee Rs.100/-
Interest on Roll over credit 24% (annualised)
Cash Advance Fee Rs.22.50 per Rs.1000/- or part thereof 
Cash Advance Interest 24% ( annualised ) from the date of withdrawal till settlement date
Chages for Cash withdrawl from other Bank's ATM ( VISA )  Free upto five transactions per month thereafter Rs. 20 per transaction.
Foreign Currency transactions 2.5% on the transaction value
   
3.Debit Cards  
International Debit Card NIL
 
 
  REMITTANCES - (DDs/MTs/TTs)                                     
Amount of the InstrumentCHARGES (Rs.)
  Non-Individuals Individuals-Rural Individuals Non-Rural
Upto & inclusive of Rs. 1000/- 31 15 20
Above Rs. 1000/- upto Rs. 5000/- 31 20 25
Above Rs. 5000/- upto Rs. 10000 31 20 31
Above Rs. 10000/- upto Rs. 1 Lakh 2.55 per 1000/
Minimum of Rs. 31
1.80 per 1000/
Minimum of Rs. 25
2.30 per 1000/
Minimum of Rs. 31
Above Rs. 1 Lakh 2.30 per 1000/
Minimum of Rs. 255/ and 
Maximum of Rs. 11,350/
1.55 per 1000/
Minimum of Rs.180/ and
Maximum of Rs. 11,350/
2.05 per 1000/
Minimum of Rs. 230 and
Maximum of Rs. 11,350/
 
 
Outward/ Inward collection of cheques/ instruments
 
For SB account holders:
Amount of the Instrument CHARGES (Rs.)
Upto & inclusive of Rs.5000/- Rs.29/ per instrument
Above Rs.5000/ and up to and inclusive of Rs.10,000/ Rs.56/ per instrument
Above Rs. 10000/- upto Rs. 1,00, 000/- Rs.112/ per instrument
 Above Rs. 1,00, 000/- Rs.168/ per instrument
For other accounts:
 
Amount of the Instrument CHARGES (Rs.)                                                                                
Upto Rs.10000/- Rs.6/ per 1000 with a minimum of Rs.22/ and maximum of Rs.56/
Above Rs.10000/ and up to Rs.1,00,000/ Rs.112/ per instrument
Above Rs. 1,00, 000/- Rs.168/ per instrument
 
 
 
NEFT
Type of transactionService Charges (Rs)
NEFT- INWARD Nil
NEFT-Outward
Up to Rs. 1 lakh
Rs. 6/-
Above Rs. 1 Lakh up to Rs. 2 lakh Rs. 17/-
Above Rs. 2 Lakhs Rs. 29/-
 
 
RTGS
Type of transactionService Charges (Rs)
RTGS INWARD NIL
 

RTGS-Outward
Time of Settlement at RBI(w.e.f 01.10.2011)
 9:00 to 12:00 hrs  After 12:00 to 15:30 hrs     After 15:30 hrs

From Rs. 2 lakhs up to Rs. 5 lakhs
 
Rs. 28/-            
   
    Rs. 29/-            
  
Rs.34/-     
Above Rs. 5 Lakhs Rs. 56/-          Rs. 57/-        Rs. 62/- 
 
Charges for Bills/ Cheques Returned Unpaid
 Category Service Charges
Local Cheques/bills (both Inward/ Outward)
 
For Cheques Outward  
                                     
For bills both Outward/ Inward                          
.

Rs.51/             

  Rs.51/                


Cheques Inward:


Up to Rs.25000/  
> Rs.25,000 upto Rs. 1 lakh                            
> Rs. 1 lakh up to Rs. 10 Lakhs   
                     
> Rs.10 Lakhs up to Rs. One Crore
                
> Rs. One Crore         

 
Rs.31/
Rs.51/
 
Rs. 76/
 
Rs.102/
 
Rs.153/ for first three returns and
Rs.204/ thereafter
 

For  outward Outstation Cheques
Upto & inclusive of Rs.10000/-  Rs.6/ per 1000/ with a minimum of Rs. 22/ and Maximum of Rs. 56/
Above Rs. 10000/- upto Rs.1,00,000/- Rs.112/ per instrument
Above Rs. 1,00,000/ Rs.168/ per instrument
 

Cheque Book Issue

Issue of Cheque Books–Savings Accounts i. Rs.2.55 per cheque - MICR Centres
  ii. Rs.1.55 per cheque - Non-MICR Centres
  iii. One cheque with 25 leaves free
Issue of Cheque Books – Current Accounts i. Rs.3.05 per cheque - MICR Centres
  ii. Rs.2.00 per cheque - Non-MICR Centres