This article offers a brief summary of the key aspects of the Indian Overseas Bank‘s Reinvestment 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 – Reinvestment Deposit Features:
- The interest earned on your deposit is compounded periodically.
- You have the option to avail loans of up to 90% against both the principal and the accrued interest.
- Closing your deposit before maturity is hassle-free.
- Minimum deposit amount: Rs. 1000/-, in multiples of Rs. 100/- Deposit period: 6 to 120 months Interest payment: Compounded quarterly and disbursed upon maturity.
How to invest?
Click here to invest in the Indian Overseas Bank’s Reinvestment 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.