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iob_bank_domestic_rates

Page Last Updated (date and time):30-04-2026 10:03 AM
Domestic Rates
Period of Deposit Existing Rates for Deposits below Rs. 3 Crore
W.E.F 15.09.2025 (in %)		 Revised Rates for Deposits below Rs. 3 Crore
W.E.F 15.12.2025 (in %)		 Revised Rates for Non-Callable # Deposits
W.E.F 16.02.2026 (in %)
7–14 Days* 3.50 3.50 -
15–29 Days 3.50 3.50 -
30–45 Days 3.50 3.50 -
46–60 Days 4.00 4.00 -
61–90 Days 3.00 3.00 -
91–120 Days 3.50 3.50 3.60
121–179 Days 3.00 2.90 3.00
180–269 Days 5.00 4.75 4.85
270 Days to < 1 Year 5.50 5.50 5.60
1 Year 6.60 6.50 6.60
> 1 Year to < 2 Years
(Except 444 Days)		 6.50 6.40 6.50
444 Days 6.70 6.60 6.65
2 Years to < 3 Years 6.50 6.40 -
3 Years and above 6.20 6.10 -

* Minimum amount Rs. 1.00 lakh

# Minimum amount more than Rs. 100 Crore for Non-Callable Deposits

Interest rate for IOB Tax Saver Deposit will be at 6.10%.

For Senior Citizens (aged 60 years and above), additional interest rate of 0.50% and for Super Senior Citizens (aged 80 years and above), additional interest rate of 0.75% continues.

Payment of additional interest rate for staff / Ex-Staff / Retired Staff members shall be guided by Bank’s policy for quoting interest rate on deposits duly approved by the Board.

Revised Interest rates on NRE Term Deposits w.e.f. 15.10.2025
Period of Deposit Existing Rates for Deposits below Rs. 3 Crore
w.e.f. 15.09.2025 (in %)		 Revised Rates for Deposits below Rs. 3 Crore
w.e.f. 15.12.2025 (in %)
1 Year 6.60 6.50
> 1 Year to < 2 Years (Except 444 Days) 6.50 6.40
444 Days 6.70 6.60
2 Years to < 3 Years 6.50 6.40
3 Years and Above 6.20 6.10
Other Conditions

Deposits of Rs. 3 Crore and above (Bulk Deposits): Branch has to take prior permission for rate of interest from Treasury Department, Central Office.

Bulk Deposit (Single Rupee Deposits of Rs. 3 Crore & above) Interest Rate as on 29.04.2026

Tenor

Rs. 3 Crore & above (Rate in %)**
  Callable Non-Callable
7 Days - 14 Days 5.20 NA
15 Days - 29 Days 5.05 NA
30 Days - 45 Days 5.05 NA
46 Days - 60 Days 5.75 5.75
61 Days - 90 Days 5.75 5.75
91 Days - 120 Days 5.75 5.85
121 Days - 179 Days 5.00 5.95
180 Days - 269 Days 6.00 6.00
270 Days < 1 Year 6.00 6.00
1 Year 6.50 6.80
Above 1 Year <2 Year 6.30 6.60
2 Year to 3 Year 5.75 6.00
>3 Year & above 5.00 NA

**The rate shall be 10 bps lower than the normal rate for all the tenors where Premature closure penalty waiver is sanctioned by the competent authority.

Non-Callable:

1. The deposit shall not be closed pre-maturely.

2. No demand loan /Margin / security shall be extended against the deposit.

#For more information, please contact nearest branch

Fore Closure Charges

Description Fore Closure Charges
Retail Term Deposits upto Rs. 15,000/- NIL
Retail Term Deposits of Rs. 15,001/- upto Rs. 5 Lakh 0.50%
Retail Term Deposits Above Rs. 5 Lakh but Below Rs. 3 Crore 1.00%
Bulk Deposits of Rs. 3 Crore & Above 1.00%