उत्पाद विवरण
बैंक का नाम
Indian Overseas Bank
Eligibility
Customers having a limited or stipulated income and require a large amount of money but can only save small amounts every month, such as Salaried individual, small trader, housewife, student or a rural saver.
ब्याज दर
5.75% to 7.30% per annum
कार्यकाल
6 months to 120 months.
सावधि जमा प्रकार
Recurring
IOB Recurring Deposit
कर लाभ
None
साख दर
CRISIL AA+/Stable
ब्याज भुगतान आवृत्ति
At maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
संचयी/गैर-संचयी
Cumulative
विशेषताएँ
Deposits shall be eligible for a Demand Loan /overdraft facility of up to 90% of the deposit amount.
Minimum deposit amount of Rs.50
There is no limit on the maximum deposit amount.
Nomination facility is available.
Deposit can be closed prematurely.
न्यूनतम निवेश राशि
50
फीस और शुल्क
Pros
Minimum deposit of Rs 50.
Premature closure facility.
दोष
No tax saving benefits.
पक्ष विपक्ष
खाता खोलने की प्रक्रिया और प्रक्रिया
कैसे खोलें?
1. Visit an IOB Branch:
Locate a nearby IOB branch and visit during their operating hours.
2. Gather Required Documents:
Identity Proof: Aadhaar card, PAN card, passport, driving license, voter ID card.
Address Proof: Aadhaar card, passport, driving license, voter ID card, utility bill.
Income Proof: (Optional) Salary slips, bank statements, income tax returns.
3. Submit Application Form:
Obtain a fixed deposit application form from the bank.
Fill in the required details accurately, including:
Your name, address, and contact information.
Deposit amount.
Maturity period.
Interest payout options (monthly, quarterly, half-yearly, or annually).
Nomination details (optional).
4. Make the Deposit:
Hand over the deposit amount in cash or by cheque to the bank representative.
5. Verify Documents:
The bank will verify the documents you've submitted.
6. Receive Acknowledgment:
You'll receive a deposit receipt or acknowledgment as proof of your fixed deposit.
7. Interest Payout:
The interest earned on your fixed deposit will be paid out according to your chosen frequency.
Application Procedure
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