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Indian Overseas Bank FD interest rates for 1, 2, 3 and 5 years

Last checked 3 November 2026. Rate card from 15 May 2026. Deposits below ₹3 crore.

Indian Overseas Bank pays its best rate among these terms on 1 year: 6.50%, or 7.00% for senior citizens. That ranks 11th of 33 banks we track for 1 year. On a 2-year deposit it pays the same as SBI.

6.50%1 year, senior 7.00%
6.40%2 years, senior 6.90%
6.10%3 years, senior 6.60%
6.10%5 years, senior 6.60%

IOB FD rates by term

TermRateSenior rate₹5 lakh becomesRank
1 year
Slab: 1 year		6.50%7.00%₹5,33,30111th of 33
2 years
Slab: 2 years to less than 3 years		6.40%6.90%₹5,67,70119th of 33
3 years
Slab: 3 years and above		6.10%6.60%₹5,99,57826th of 33
5 years
Slab: 3 years and above		6.10%6.60%₹6,76,75322nd of 33
Tax saver, 5 years
80C, old regime only		6.10%6.60%₹6,76,753Compare

Interest compounds every quarter and is paid at maturity, before tax. Source: Indian Overseas Bank deposit rates. Each rate is the slab that contains that exact term.

How IOB compares

  • 1 year: the highest rate we track is Ujjivan Small Finance Bank at 7.25%, 0.75 percentage points more. On ₹5 lakh that is ₹3,947 extra.
  • 2 years: the highest rate we track is ESAF Small Finance Bank at 7.75%, 1.35 percentage points more. On ₹5 lakh that is ₹15,263 extra.
  • 3 years: the highest rate we track is Jana Small Finance Bank at 8.00%, 1.90 percentage points more. On ₹5 lakh that is ₹34,542 extra.
  • 5 years: the highest rate we track is Jana Small Finance Bank at 7.77%, 1.67 percentage points more. On ₹5 lakh that is ₹57,889 extra.

Similar banks: State Bank of India (6.40% for 2 years), Punjab National Bank (6.30% for 2 years), Bank of Baroda (6.25% for 2 years), Canara Bank (6.25% for 2 years).

Amounts at IOB

  • ₹1 lakh for 1 year at 6.50% becomes ₹1,06,660.
  • ₹10 lakh for 1 year at 6.50% becomes ₹10,66,602.
We check every bank's own rate page on a schedule and update these pages when a rate changes. Rates change often and without notice, so confirm with the bank on the day you invest. This is information, not advice.

Questions people ask

What is the IOB FD rate for 1 year?

Indian Overseas Bank pays 6.50% a year on a 1-year deposit below ₹3 crore (7.00% for senior citizens). ₹5 lakh grows to ₹5,33,301. The slab is "1 year".

What is the IOB FD rate for 2 years?

Indian Overseas Bank pays 6.40% a year on a 2-year deposit below ₹3 crore (6.90% for senior citizens). ₹5 lakh grows to ₹5,67,701. The slab is "2 years to less than 3 years".

What is the IOB FD rate for 3 years?

Indian Overseas Bank pays 6.10% a year on a 3-year deposit below ₹3 crore (6.60% for senior citizens). ₹5 lakh grows to ₹5,99,578. The slab is "3 years and above".

What is the IOB FD rate for 5 years?

Indian Overseas Bank pays 6.10% a year on a 5-year deposit below ₹3 crore (6.60% for senior citizens). ₹5 lakh grows to ₹6,76,753. The slab is "3 years and above".

What is the IOB tax-saver FD rate?

6.10% for 5 years (6.60% for senior citizens). It qualifies for 80C in the old tax regime and cannot be broken before 5 years.

Is money in a IOB FD safe?

Indian Overseas Bank is a public sector bank. DICGC insures deposits up to ₹5 lakh per depositor per bank, principal and interest together.

More FD rate pages

1-year FD rates · 2-year FD rates · 3-year FD rates · 5-year FD rates · Senior citizen FD rates · Tax-saver FD rates · All FD rate pages · Post office FD rates · SCSS interest rate