This article offers a brief summary of the key aspects of the Indian Overseas Bank‘s Recurring 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 – Recurring Deposit Features:
- Interest compounds every quarter, offering flexible deposit periods between 6 months to 120 months.
- Loans of up to 90% on the principal and accrued interest are available.
- Premature closure of the deposit is hassle-free.
- The minimum deposit starts at Rs. 50/- per month in multiples of Rs. 5/-.
- Please verify the latest details by contacting our branches.
How to invest?
Click here to invest in the Indian Overseas Bank’s Recurring 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.