Indian Overseas Bank (IOB) Revises FD Rates Effective Today, Here's What You Can Avail Of

Indian Overseas Bank (IOB) has revised its fixed deposit (FD) rates, offering a maximum 6.70 per cent to the general public and 7.20 per cent to senior citizens. The rates are effective from today, September 15, 2025. Amid downward movement of interest rates for the last couple of months, FDs don’t remain as attractive as they used to be, but still remain a staple in an average Indian investor’s investment portfolio. 

Here’s a look at the revised rates being offered by IOB to retail investors for investment less than Rs 3 crore, according to the bank’s website

Indian Overseas Bank (IOB)

Here are the card rates, the rates for the general public:

Tenure                                          Previous rates                    Revised rates                                                             Interest Rates                    Interest Rates

Seven days to 14 days                3.50%                                             3.50%

15 days to 29 days                       3.50%                                             3.50%

30 days to 45 days                       3.50%                                             3.50%

46 days to 60 days                       4.00%                                             4.00%

61 days to 90 days                       3.50%                                             3.00%

91 days to 120 days                     3.50%                                             3.50%

121 days to 179 days                   3.50%                                             3.00%

180 days to 269 days                  5.00%                                             5.50%

270 days to less than one year    5.50%                                             5.50%

One year                                          6.60%                                             6.60%

One year to less than two years       6.50%                                             6.50%

(Except 444 days) 

444 days                                                6.75%                                             6.70%

Two years to less than three years   6.50%                                             6.50%

Three years and above                       6.20%                                             6.20%

Source: Bank Website 

The public sector bank offers an additional 0.50 per cent over the card rates to senior citizens (60 years and above), and additional 0.75 per cent to super senior citizens (80 years and above). The interest rates for them would be:

Tenure                                          Senior citizens       Super Senior Citizen                                                             Interest Rates               Interest Rates

Seven days to 14 days                      4.00%                                             4.25%

15 days to 29 days                               4.00%                                             4.25%

30 days to 45 days                                  4.00%                                             4.25%

46 days to 60 days                                  4.50%                                             4.75%

61 days to 90 days                                 3.50%                                             3.75%

91 days to 120 days                                4.00%                                             4.00%

121 days to 179 days                              3.50%                                             3.75%

180 days to 269 days                               5.50%                                            5.75%

270 days to less than one year              6.00%                                            6.25%

One year                                                    7.10%                                            7.35%

One year to less than two years            7.00%                                            7.25%

(Except 444 days)     

444 days                                                     7.20%                                           7.45%

Two years to less than three years        7.00%                                           7.25%

Three years and above                            6.70%                                           6.95%

Source: Bank Website 

The bank last revised its rates in August 2025. At that time, it offered the highest deposit rate of 6.75 to the general public for 444-day deposit.