For those looking to grow their savings safely in 2025, Indian Overseas Bank (IOB) has introduced attractive fixed deposit (FD) options with competitive interest rates. The bank’s FD scheme offers guaranteed returns with the security of a government-backed institution. By depositing ₹2,00,000 for a specific period, investors can earn up to ₹30,908 in fixed interest, making it a reliable and rewarding investment choice.
Overview of Indian Overseas Bank FD Scheme
Indian Overseas Bank’s FD plans are designed to meet the needs of different types of investors — from short-term savers to long-term planners. The bank currently offers interest rates up to 7.10% per annum for regular depositors and 7.60% per annum for senior citizens. The tenure ranges from 7 days to 10 years, giving investors the flexibility to choose based on their financial goals. These rates ensure that your savings grow steadily without any market-related risk.
Earning ₹30,908 on ₹2 Lakh Deposit
If an investor deposits ₹2,00,000 in an IOB FD for a tenure of 5 years at an annual interest rate of 7.10%, the total maturity amount will be approximately ₹2,30,908. This means that in five years, the investor earns ₹30,908 as fixed interest. The compounding of interest ensures gradual and consistent growth over the years, making this an ideal option for conservative investors who prefer security with steady returns.
| Deposit Amount | Tenure | Interest Rate | Maturity Amount | Total Interest |
|---|---|---|---|---|
| ₹2,00,000 | 5 Years | 7.10% | ₹2,30,908 | ₹30,908 |
Extra Benefits for Senior Citizens
Senior citizens enjoy an additional 0.50% interest rate on all fixed deposits, making the investment even more beneficial. For a 5-year FD at 7.60%, the maturity amount on ₹2,00,000 can reach approximately ₹2,32,220. This higher rate of return makes IOB’s FD plan a safe and stable income source for retirees looking for financial security.
How to Open an IOB Fixed Deposit
Investors can easily open an FD account with Indian Overseas Bank through online banking, the IOB mobile app, or by visiting their nearest branch. The minimum deposit amount starts from ₹1,000, and there is no maximum limit, allowing flexibility for both small and large investors.
Conclusion
The Indian Overseas Bank Fixed Deposit scheme offers a perfect blend of safety, attractive returns, and flexibility. With a ₹2 lakh deposit earning ₹30,908 in fixed interest over five years, it is an excellent option for individuals seeking guaranteed growth without market risks. IOB’s trusted name and secure investment framework make it a preferred choice for smart savers in 2025.