What is the highest IOB FD rate for senior citizens?

The highest IOB Senior Citizen FD rate is 7.10% p.a. for deposits for 444 days tenure.

Is Indian Overseas Bank FD Safe for Senior Citizens?

Indian Overseas Bank fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from an IOB FD?

Yes, IOB offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open an IOB Senior Citizen FD?

The minimum amount required to open an IOB Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on Indian Overseas Bank Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on Indian Overseas Bank Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

IOB Senior Citizen Fixed Deposit Rates

Name: Indian Overseas Bank Senior Citizen FD Rate
Brand: Interest Rates
Rating: 4.7 (13545 reviews)

Indian Overseas Bank offers attractive FD rates for senior citizens ranging from 3.50% to 7.10% p.a. across tenures of 7 days to 10 years. Continue reading for the latest IOB Senior Citizen FD rates and special FD schemes for senior citizens.

IOB Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.10%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available with a penalty of 0.5% to 1%
Loan Against FD	Up to 90% of the fixed deposit amount.

Indian Overseas Bank Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of IOB Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options

Tenure	Senior Citizen FD Rates (per annum)
7 to 14 Days	4.00%
15-29 Days	4.00%
30-45 Days	4.00%
46-60 Days	4.50%
61-90 Days	3.50%
91-120 Days	4.00%
121-179 Days	3.40%
180-269 Days	5.00%
270 Days to < 1 Year	4.00%
1 Year	7.00%
> 1 Year to < 2 Years (Except 444 Days)	6.90%
444 Days	7.10%
2 Years to < 3 Years	6.90%
3 Years and above	6.60%

ALSO READ: Indian Bank Senior Citizen Fixed Deposit Interest Rate

Use the IOB FD Calculator below to estimate the maturity amount and interest earned on your Indian Overseas Bank fixed deposit based on your investment amount, tenure, and applicable FD rate.

IOB Super Senior Citizen FD Rates

The Indian Overseas Bank offers an additional interest rate to super senior citizens, typically individuals aged 80 years and above. Here is a breakdown of IOB super senior citizen fixed deposit rates:

Tenure	Senior Citizen FD Rates (per annum)
7 to 14 Days	4.25%
15-29 Days	4.25%
30-45 Days	4.25%
46-60 Days	5.25%
61-90 Days	4.25%
91-120 Days	4.75%
121-179 Days	4.15%
180-269 Days	5.75%
270 Days to < 1 Year	4.75%
1 Year	7.75%
> 1 Year to < 2 Years (Except 444 Days)	7.45%
444 Days	7.85%
2 Years to < 3 Years	7.45%
3 Years and above	7.35%

ALSO READ: Bandhan Bank Senior Citizen Fixed Deposit Interest Rate

Compare Indian Overseas Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than Indian Overseas Bank for specific tenures. The table below compares IOB senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
Indian Overseas Bank	7.10% (444 Days)
Shivalik Small Finance Bank	8.30% (21 to 22 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (370–380 Days)
Mahindra Finance	7.80% (48 to 60 Months)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Indusind Bank	7.75% (24 to 36 Months)
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
Bank of India	7.45% (3 years)
ICICI Housing Finance	7.35% (48 to 60 Months)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Bank of Baroda	7.25% (555 Days)