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उत्पाद विवरण
बैंक का नाम

Indian Overseas Bank

Eligibility

Individuals either singly or jointly with two or more persons, institutions, companies, firms, societies, Traders, Professionals, salaried individuals etc.

ब्याज दर

5.75 to 7.30% per annum.

कार्यकाल

6 months to 120 months

सावधि जमा प्रकार

Recurring Deposit

Multiple Deposit Plan II

Multiple Deposit Plan II

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 (Compounded Quarterly)

विशेषताएँ
  • The depositor has the option of making any number of deposits under the same account and each remittance will be deemed as a separate deposit.

  • Each deposit will mature after the agreed period.

  • If the depositor wants to take back a part of his deposit amount then the required number of units can be closed and repaid while the remaining amount remains intact and earns interest.

  • Deposit tenure of 6 to 120 months.

न्यूनतम निवेश राशि

10,000

फीस और शुल्क
Pros
  • FDs will be broken as per Last-In, First-Out (LIFO) basis for reverse sweep.

  • Maximized liquidity and returns.

दोष
  • Minimum deposit of 10,000.

  • 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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