Investing to meet your short- and long-term goals is an important decision that demands adequate research and caution. If you plan to invest in a fixed deposit, an FD calculator like the IOB FD calculator can be useful. 


This tool facilitates investment planning by providing the estimated returns from an FD. This lets you plan your investment strategy accordingly to get the highest returns. The FD calculator also helps you determine the ideal investment horizon based on your goals. 

Read on to know the benefits of the IOB fixed deposit calculator, the latest interest rates of an Indian Overseas Bank FD, and more.

Indian Overseas Bank Fixed Deposit Calculator

Deposit Amount
Interest Rate
Interest Payout
Your Total Maturity Amount is
Your Total Maturity Amount is
Total Investment
Total Interest Earned

Interest Rates for Indian Overseas Bank FD

Here are the latest Indian Overseas Bank FD interest rates for deposits under ₹2 Crores:

Investment Tenor

Regular Citizens (p.a.)

Senior Citizens (p.a.)

Super Senior Citizens (p.a.)

7 Days > 3 Years 

4.00% - 6.50% 

4.50% - 7% 

4.75% - 7.25% 

Disclaimer: The above interest rates are current as of October 2023 and are subject to change as per the bank’s policy.

Now that you know FD rates, use the Indian Overseas Bank fixed deposit calculator and compare the returns you can get in various investment tenors.

Benefits of the Indian Overseas Bank FD Calculator

The IOB fixed deposit calculator offers numerous benefits to the user, making your investing experience hassle-free. Check out some of the key benefits of the tool:

1. Calculates Estimated Returns

Before investing in a fixed deposit, ensure that you get the best returns on your investment. You can easily get the figures you want with the IOB FD calculator and estimate the returns for various investment tenors and plan your investment accordingly.

2. Helps Choose a Suitable Tenor

Choosing an investment that provides the best FD returns while meeting your investment horizon preference is essential. Thankfully, this tool lets you choose a suitable investment tenor for your FD. 


It lets you understand which investment tenor provides the best returns to help you effectively meet your investment goals. 

3. Facilitates Investment Planning

Right investment planning is important to meet your goals effectively. For this, you need to explore various options and perform adequate research. 


The IOB FD calculator facilitates investment planning by providing the estimated FD returns that you can get. This helps you choose the most advantageous option and fulfil your goals timely.

4. Provides Accurate Results

If you manually calculate the expected returns for an FD, the process can be difficult and time-consuming. Also, it can have some errors, especially if you are calculating the results for different FD plans with varying tenors. 


The IOB fixed deposit calculator eliminates manual calculations and instantly provides accurate results.

5. Saves Time and Effort

Another benefit of the Indian Overseas Bank fixed deposit calculator is that it helps save you time by calculating your FD returns instantly. Also, this easy-to-use tool is available online, offering the convenience of using it through your devices anytime.


Apart from these benefits, the IOB FD calculator can be used free of cost. You can use it as many times as you want without restriction. 


If you plan to invest in a fixed deposit, consider investing via Bajaj Markets. On this platform, you can explore various investment options in one place and benefit from a simple application process and minimal paperwork.


The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort. 

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products. 

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FAQs on the Indian Overseas Bank FD Calculator

You must invest a minimum amount of ₹1,000 to open a fixed deposit with the Indian Overseas Bank.

The foreclosure charges for an Indian Overseas Bank fixed deposit above ₹5 Lakhs but below ₹2 Crores is 1%.

The highest interest rate for an Indian Overseas Bank FD below ₹2 Crores is currently 7.25% p.a., with a tenor of 444 days for non-senior citizens.

Senior citizens get an additional interest rate of 0.50% p.a. In comparison, super senior citizens aged above 80 years get an additional interest rate of 0.75% p.a.

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