Last Updated on: 13/08/2025
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7-14 Days*
3.50
-
15-29 Days
30-45 Days
46-60 Days
4.00
61-90 Days
91-120 Days
3.60
121-179 Days
180-269 Days
5.00
5.10
270 Days to < 1 Year
5.50
5.60
1 Year
6.60
6.70
>1 Year to < 2 years(Except 444 Days
6.50
444 Days
6.75
2 Years to < 3 Years
3 Years and above
6.30
6.20
*Minimum amount Rs. 1.00 lakh
#Minimum amount more than Rs. 1.00 Crore
Interest rate for IOB Tax Saver Deposit will be at 6.20%.
For Senior Citizens (aged 60 Years and above), additional interest rate of 0.50% and for Super Senior Citizens (aged 80 years and above), additional interest rate of 0.75% continues.
For retired Staff, applicable interest rate will continue to be governed by the decision taken by ALCO in its meeting No-04/2019-20 held on 08.07.2019.
Payment of additional interest Rate for staff/Ex-Staff members shall be guided by Bank’s Policy for Quoting Interest Rate on Deposits duly approved by the Board.
The revised Interest rates on NRE Term Deposits w.e.f 14.08.2025 are as follows:
> 1 Year to < 2 Years(Except 444 Days)
6.95
3 Years and Above
For Deposits of Rs. 3 Crore and above:
Deposits of Rs 3 Crore and above (Bulk Deposits), Branch has to take prior permission for rate of interest from Treasury Department, Central Office.
Fore Closure Charges
Retail Term Deposits upto Rs. 15000/-
NIL
Retail Term Deposits of Rs. 15,001/- up to Rs. 5 Lakh
0.50%
Retail Term Deposits Above Rs. 5 Lakh but Below Rs. 3 Crore
1.00%
Bulk Deposits of Rs. 3 Crore & Above