Uob Fixed Deposit Rate
- How Do Fixed Deposits Work?You Can Choose A Bank To Invest A Certain Amount Of Money With, Called A Deposit. You Will Also Have To Agree On The Length Of Your Investment, Cal...
- What Is A Fixed Deposit?A Fixed Deposit (also Known As A Time Deposit Or Term Deposit) Is A Type Of Investment Which Gives You A Higher Interest Rate Than A Regular Saving...
- Uob Fixed Deposit Rate For Senior Citizen
- Uob Fixed Deposit Rates In Singapore
- Uob Fixed Deposit Rate Malaysia
Interest Rates Including Fees, Charges, and Other Expenses for Personal Loan under Supervision.
- UOB Singapore Dollar Fixed Deposit offers some of the market's highest interest rates for small-to-moderate ( 0.50% p.a. With just a S$20,000 minimum deposit for a 10 months tenure.
- Note: Fixed Deposit Rates above are not applicable to non-resident and/or individual who make a FD placement above RM1.0 million. You may walk in to any UOBM branches to enquire for more info.
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Deposits have a much lower risk as compared to other volatile products. They offer a better peace of mind and a higher level of assurance that your money will always be there
Note: Terms & conditions apply for the following promotions. Be sure to read in detail before going in for it.
In a heavily summarised definition:
- Fixed / Time deposits require you to place funds (usually fresh funds) in a account for a specified amount of time
- Incremental balance promotions require you to increase your average balance of your account from a defined period with fresh funds.
- Fresh funds refer to funds transferred from accounts outside the bank. Over-the-counter or machine cash deposits are usually fine too but do take note banks may charge for large cash deposits
New promotions are added to the bottom of the list
- Singapore Savings Bonds – Government Security; High p.a.; Min $500; Requires free CDP account; No penalty for early withdrawal; Interest payments every 6 months after issuance
- Maybank: Earn up to 1.0% p.a. with their latest time deposit rates from 2 October 2020**BEST for funds up to $1m**
- HSBC offers 1.10% p.a. for 24-mth Singapore Dollar Time Deposits (as of 2 Oct 2020)**BEST for funds up to $49,999**
- Singapore Savings Bond (SSB): Earn up to 0.97% p.a. in the latest bond – Apply by 23 Feb**BEST for lowest risk deposit up to $200,000**
Last updated 7 Feb 2021. Click these links for latest Fixed Deposit or Time Deposit Promo
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Table of Contents
- 3 IOB Fixed Deposit Schemes
- 4 Who are Eligible to Open Indian Overseas Bank Fixed Deposit?
- 5 Indian Overseas Bank FD Calculator
- 5.1 Indian Overseas Bank Fixed Deposit Form
About Indian Overseas Bank FD
Mulling over the options to secure your financial life for the future? Choose the tool of fixed deposit that will multiply your capital with the effect of compounding interest. Talking about the bank, you can choose Indian Overseas Bank (IOB) as your fixed deposit partner. The bank provides fixed deposit facility to all the resident and non-resident Indians (NRIs) through its 3,350 branches, more than 2400 ATMs and six overseas branches. You have to deposit a minimum amount as stipulated under different fixed deposit schemes. But what could grab your attention is the interest rate, which differs as per the period of deposit. So, let’s get down and introspect what IOB has in store for you in terms of interest rate offerings.
How Do Fixed Deposits Work?You Can Choose A Bank To Invest A Certain Amount Of Money With, Called A Deposit. You Will Also Have To Agree On The Length Of Your Investment, Cal...
Indian Overseas Bank FD Interest Rates March 2021
| Period of Deposit | Interest Rate on Deposit Upto Rs 1 Cr (Domestic) | Interest Rate on Deposit upto Rs 25 lacs (For Domestic Senior Citizens Only) | Interest Rate on NRO Fixed Deposit for Amount Upto Rs 1 Cr | Interest Rate on NRE Fixed Deposit for Amount Upto Rs 1 Cr |
|---|---|---|---|---|
| 7-14 Days (For Single Deposit of Rs 1 lac and more) | 4.00% | 4.50% | 4.00% | N.A. |
| 15-29 Days | 4.00% | 4.50% | 4.00% | N.A. |
| 30-45 Days | 4.00% | 4.50% | 4.00% | N.A. |
| 46-60 Days | 4.00% | 4.50% | 4.00% | N.A. |
| 61-90 Days | 4.50% | 5.00% | 4.50% | N.A. |
| 91-120 Days | 5.00% | 5.50% | 5.00% | N.A. |
| 121-179 Days | 5.00% | 5.50% | 5.00% | N.A. |
| 180-269 Days | 5.75% | 6.25% | 5.75% | N.A. |
| 270 Days-Less than a Year | 6.25% | 6.75% | 6.25% | N.A. |
| 1-2 Years | 7.30% | 7.80% | 7.30% | 7.50% |
| 2-3 Years | 7.00% | 7.50% | 7.00% | 7.25% |
| 3-5 Years | 7.00% | 7.50% | 7.00% | 7.25% |
| 5 Years and Above | 7.00% | 7.50% | 7.00% | 7.25% |
IOB Fixed Deposit Schemes
The bank offers various fixed deposit schemes tailoring to the needs of the customers. Depending upon your requirements, you can choose a scheme from fixed deposit, floating rate deposit, and tax saver scheme. You can check the information for each of the schemes below.
Fixed Deposit
As per the scheme, the depositors are required to park a lump sum amount for a certain time period. On the deposit amount, you can yield interest at a prescribed rate and get the total payout at the maturity. The minimum deposit for the scheme is Rs 1,000. The time period for deposit under the scheme is 6 months-10 years. The interest gets credited half-yearly as per the scheme.
Floating Rate Deposit
Want to take advantage of the favorable interest rate environment in the country? Avail Floating Rate Deposit option that will offer fixed deposit at a floating rate instead of fixed rates. The bank reset the rates every six months in a financial year. Based on the changes, the interest rate on your fixed deposit will vary. This type of deposit runs for a period of 3-10 years. However, unlike other deposits where the minimum amount is Rs 1,000-50,000, here you will have to make a minimum deposit of Rs 1 lac and in multiples of Rs 10,000 afterward. Premature withdrawal is allowed subject to some charges.
What Is A Fixed Deposit?A Fixed Deposit (also Known As A Time Deposit Or Term Deposit) Is A Type Of Investment Which Gives You A Higher Interest Rate Than A Regular Saving...
Tax Saver Scheme
Enjoy tax saving benefits by availing the option of Tax Saver Scheme, which has a deposit period of 5-10 years. The lock-in period of the scheme is 5 years. A maximum of Rs 1.5 lacs is permitted in a financial year. The interest rate offered on the scheme is 7% per annum for an amount up to Rs 1 lac.
Who are Eligible to Open Indian Overseas Bank Fixed Deposit?
- Salaried Individuals
- Self-employed & Professionals
- Small Trader
Documents Required
Uob Fixed Deposit Rate For Senior Citizen
- A Duly Signed Application Form
- Cheque or Demand Draft
- Identity Proof- Passport, PAN Card, Driving License, Voter ID, Aadhaar Card, Photo Ration Card, Senior Citizen ID Card
- Address Proof- Passport, Electricity Bill, Telephone Bill, Bank Statement, Certificate or ID Card Issued by Post Office
Indian Overseas Bank FD Calculator
The FD calculator will help you arrive at an amount that you are supposed to earn on your fixed deposit amount. All you need is the feeding of principal amount, interest rate, compounding interval, total deposit period in the calculator, which will compute the number you will have on your wallet at the time of maturity.
Uob Fixed Deposit Rates In Singapore
Indian Overseas Bank Fixed Deposit Form
Uob Fixed Deposit Rate Malaysia
You can download the fixed deposit account opening form, which is uploaded on the IOB’s website. After you download the form, fill the details and send it along with necessary documents to the nearest branch of the bank, which upon satisfactory verification, will open the fixed deposit account in your name. In case you want to go completely offline, then you have to request for the form at the branch and the rest process is same as explained earlier.