This article offers a brief summary of the key aspects of the Indian Overseas Bank‘s Eighty Plus Term Deposit schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
IOB Bank – Eighty Plus Term Deposit Features:
- Minimum deposit – As per the relevant schemes (RDP/SFD-(M/Q)/RD) Maximum deposit – Up to Rs. 1 Crore.
- Deposit Period: 6 to 120 Months. Senior Citizens enjoy an additional interest of 0.25% p.a above the standard rate.
- Super Senior Citizens aged 80 years and above at the time of opening the account receive a total additional interest of 0.75% p.a.
- Acceptable documents for proof of age include any valid KYC documents as per the existing RBI policy, containing age/DOB information.
- Birth certificates or any valid document with the date of birth can also serve as proof of age.
How to invest?
Click here to invest in the Indian Overseas Bank’s Eighty Plus Term Deposit schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.