Deposit ₹2 Lakh in Indian Overseas Bank and Get Fixed Interest of ₹30,908—Check Full Scheme Details

Udaipur, 1 September (Kiran News). Indian Overseas Bank (IOB), a government-owned bank, is offering attractive returns to its customers on savings and fixed deposit (FD) schemes. Here are the details of a special FD scheme that allows customers to earn up to ₹30,908 as fixed interest by depositing just ₹2 lakh.

Highest Interest on 444-Day Special FD

IOB is currently offering one of the highest FD interest rates on its special 444-day scheme. Regular citizens can earn 6.75% interest, senior citizens get 7.25%, and super senior citizens (aged 80 and above) are offered a bumper 7.50% interest rate on this tenure. The bank also allows opening FDs for as short as 7 days, with interest rates ranging from 3.50% to 7.50% across various tenures.

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Returns on a ₹2 Lakh Deposit

• Regular Citizens:
  Deposit ₹2 lakh for 2 years and receive a total maturity amount of ₹2,27,528, which includes a fixed interest of ₹27,528.

• Senior Citizens:
  Deposit ₹2 lakh for 2 years and receive a maturity amount of ₹2,29,776, including ₹29,776 as interest.

• Super Senior Citizens (80+ years):
  Deposit ₹2 lakh for 2 years and get ₹2,30,908 on maturity, which means a fixed interest of ₹30,908.

Key Features:

• Minimum FD tenure starts from 7 days.

• Flexible interest rates between 3.50% and 7.50% depending on tenure and customer category.

• Highest rates offered on the 444-day special FD.

• Additional benefits and higher interest for senior and super senior citizens.

Indian Overseas Bank’s FD schemes provide safe investment options with assured returns, making them suitable for risk-averse customers and retirees seeking regular income.

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Bhupendra Singh Chundawat

My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.