.png)
Indian Overseas Bank RD Interest Rates 2026: IOB RD Details
A Recurring Deposit account is a preferred form of investment for many Indians as it gives a higher rate of interest with only minimal investments. Indian Overseas Bank provides just the same and with a lot of features and benefits like higher interest rates of up to 7.10%. Check the IOB RD interest rate table and book a recurring deposit with IOB if it suits your needs.
IOB Recuring Deposit Interest Rate in 2026
Here is an overview of IOB bank RD interest rates that are applicable for depositors of different age groups for the year 2026:
Period of Deposit | Rates For Deposits for Regular citizens (% p.a.) | Rates For Deposits for Senior citizens (% p.a.) |
7 - 14 Days* | 3.50 | 4.00 |
15 - 29 Days | 3.50 | 4.00 |
30 - 45 Days | 3.50 | 4.00 |
46 - 60 Days | 4.00 | 4.50 |
61 - 90 Days | 3.00 | 3.50 |
91 - 120 Days | 3.50 | 4.00 |
121 - 179 Days | 2.90 | 3.40 |
180 - 269 Days | 4.75 | 5.25 |
270 Days to < 1 Year | 5.50 | 6.00 |
1 Year | 6.50 | 7.00 |
> 1 Year to < 2 years (Except 444 Days) | 6.40 | 6.90 |
444 Days (Special Tenure) | 6.60 | 7.10 |
2 Years to < 3 Years | 6.40 | 6.90 |
3 Years and above | 6.10 | 6.60 |
What is the IOB Recurring Deposit?
The Recurring Deposit (RD) account facility provided by the Indian Overseas Bank (IOB) is a type of term deposit scheme. Here, individuals can make small and consistent investments over a chosen tenure to get higher interest returns of up to 7.10% p.a.
The interests paid are more than what a person would get from a normal savings account. It is more ideal for people who want to build up their savings in the short-term as IOB interest rates for RD is higher.
IOB RD Calculator
The IOB RD Calculator helps estimate maturity value using quarterly compounding by entering monthly deposit, tenure, and applicable 2026 interest rates for accurate return planning.
Monthly Investment
₹
Rate of interest (p.a)
%
Time Period
years
Invested amount | ₹3,00,000 |
RD returns | ₹64,448 |
Total Returns | ₹3,64,448 |
Available Features of IOB RD Account
Here is a list of features apart from IOB RD interest rates that are available for individuals who opt for an RD account at IOB:
- The accumulated interest of an RD account gets compounded every quarter
- Loans are available for depositors on 90% of the sum and interest accrued
- Tenure of an RD account at IOB ranges from 180 days - 10 years
- Premature withdrawal facility is provided for depositors
Eligibility Criteria for IOB RD Account
IOB RD account is best for those having a fixed income and want to save more but can invest a small amount every month. Here is the eligibility criteria for Indian Overseas Bank RD account-
- Must be a resident Indian
- Any Salaried individual, small trader, student or a rural saver
- Applicant should be at least 18 years old.
Documents Required to Apply for IOB RD Account
Here are some of the documents required to open IOB RD account.
- Aadhaar
- Passport / Voter ID / Driving Licence
- Utility Bills as address proof
Conclusion
Investing in recurring deposit accounts is a way of making disciplined savings for the future. It helps build up emergency funds for the future. For instance, by investing in a recurring deposit account, you can build up funds for your child’s education or even save up for an expensive foreign trip. The Indian Overseas Bank is one of the best options for the high IOB RD interest rate the bank offers.
