I want to know the Interest rates for NRI in Indian Overseas Bank so can you please tell me?

Indian Overseas Bank (IOB) 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.

NRI Account-

Foreign Currency (Non Resident) (FCNR) accounts can be opened by non resident Indian and persons of Indian origin.

The accounts can be opened as Term Deposits in the following currencies:

1. US DOLLAR (USD)
2. GREAT BRITAIN POUND (GBP)
3. EURO (EUR)
4. JAPANESE YEN (JPY)
5. CANADIAN DOLLAR (CAD)
6. AUSTRALIAN DOLLAR (AUD)

The period of deposit will be 1 year to 5 years.

Interest will be paid on maturity, in the same currency of the deposit.

For deposits of tenure upto one year simple interest will be paid and for deposits of tenure beyond one year the interest will be compounded at half yearly rests.

The maturity proceeds inclusive of interest is fully reptriable.

Interest rates-

Deposit Accounts-
Nature Rate of Interest Minimum Balance
Normal Senior Citizen Rural Semi Urban Urban
1. Savings Bank A/c.
A. Domestic
a. With cheque book facility 4 4 500 500 1000
b. Without cheque book facility 4 4 100 100 500
c. No Frills Account 4 4 5 5
B. Non Resident
a. NRO 4 4
b. NRE 4 4

Term Deposit Interest Rates (w.e.f. 30.09.2015)
Up to Rs 1 Crore
7 days - 14 days * 4
15 days - 29 days 4
30 days - 45 days 4
46 days - 60 days 4
61 days - 90 days 4.5
91 days - 120 days 5
121 days - 179 days 5
180 days - 269 days 5.75
270 days -< 1 year 6.25
1 yr - < 2 yrs 7.5
2 yrs to 3 yrs 7.25
> 3 Yrs - < 5 Yrs 7.25
5 Yrs & above 7.25