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Personal Banking

Last Updated on: 09/06/2023

IOB Recurring Deposit


  • Customers having a limited or stipulated income and require a large amount of money but can only save small amounts every month, such as Salaried individual, small trader, housewife, student or a rural saver.


  • Interest is compounded every quarter
  • Variable deposit periods ranging from 6 months to 120 months
  • Loans available up to 90% on the principal and also on the interest accrued
  • Deposit can be closed prematurely without any difficulty

Interest Rate

  • As Applicable for Term Deposit

Minimum Amount of Deposit

  • The minimum deposit is Rs. 50/- per month in multiples of Rs. 5/-
  • While all efforts have been made to update the information, constituents are requested to contact the branches for latest details.