IOB FD Calculator

The IOB FD Calculator helps you estimate the maturity amount and interest earnings on a fixed deposit (FD) with Indian Overseas Bank. By entering your investment amount, tenure, and applicable interest rate, you can quickly determine the total returns on your FD without manual calculations.

How the IOB FD Calculator Works

The calculator uses the compound interest formula to compute the maturity amount:

Maturity Amount = P × (1 + r/n)^{n × t}

• P: Principal amount (initial deposit)
• r: Annual interest rate (in decimal)
• n: Number of compounding periods per year (usually quarterly for bank FDs)
• t: Tenure in years

This formula accounts for compounding, which can significantly enhance your returns over time.

Key Inputs Required

• Deposit Amount (₹): The initial amount you wish to invest.
• Tenure: Duration of the FD, in months or years.
• Interest Rate (%): The applicable IOB FD interest rate.
• Interest Payout Frequency: Typically compounded quarterly.
• Customer Type: Choose between regular and senior citizens (senior citizens often get higher rates).

IOB FD Interest Rates (Q1 FY 2024–25)

Tenure	Regular Rate (p.a.)	Senior Citizen Rate (p.a.)
7 days to 45 days	4.50%	5.00%
46 days to 90 days	5.25%	5.75%
91 days to 179 days	5.50%	6.00%
180 days to 1 year	6.00%	6.50%
1 year to <2 years	6.75%	7.25%
2 years to <3 years	6.75%	7.25%
3 years and above	6.50%	7.00%

Rates are subject to change. Please verify with IOB before investing.

Benefits of Using the IOB FD Calculator

• Instant results: Know your returns within seconds.
• Error-free: Avoid manual calculation mistakes.
• Flexible: Try different combinations of amount, tenure, and rates.
• Decision-making: Compare FDs to find the most rewarding option.

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.