No to worry buddy I will tell you the Indian Overseas Bank Fixed Deposit Plan so that you can go through it easily.

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.

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

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

Interest rates
Deposit Accounts
NATURE RATE OF INTEREST MINIMUM BALANCE
NORMAL SENIOR CITIZEN Rural Semi Urban Urban
ACCOUNT
1. Savings Bank A/c.
A. Domestic
a. With cheque book facility
4.00 4.00 500.00 500.00 1000.00
b. Without cheque book facility
4.00 4.00 100.00 100.00 500.00
c. No Frills Account 4.00 4.00 5.00 5.00
B. Non Resident
a. NRO 4.00 4.00
b. NRE 4.00 4.00

Address:-
Indian Overseas Bank
763 Anna Salai,
Chennai - 600002

Phone:-
+91-44- 2852 4212