Indian Overseas Bank (IOB) Tamil is a major public sector bank based in Chennai. It has an ISO certified in-house Information Technology department. The bank was established on 10 February 1937.

Fixed Deposit

A fixed deposit account allows you to deposit your money for a set period of time, thereby earning you a higher rate of interest in return.

Fixed deposits also give you a higher rate of interest than a savings bank account.

Eligibility-

Individuals and organizations with the intention of retaining their savings for a fixed period for some future use

benefits -

You can avail loans upto 90% of the principal
The option to withdraw the deposit at any time before maturity without any difficulty
Variable deposit periods ranging from 6 months to 120 months
You get interest once in 6 months

minimum amount -

The minimum deposit amount is Rs. 1,000/- Deposits can be made in multiples of Rs. 100/-.

Customer service: 1800 425 4445