What is the interest rate for IOB savings account?

Interest rate for IOB Tax Saver Deposit shall be at 6.50%. For Senior Citizens Additional Rate of 0.50% and for Super Senior Citizens (aged 80 years and above) Additional Rate of 0.75% continues.

Is IOB a good investment?

If you are looking for stocks with good return, Indian Overseas Bank can be a profitable investment option. Indian Overseas Bank quote is equal to 33.450 INR at 2022-12-18.

Is IOB safe for FD?

Indian Overseas Bank is one of the most trusted banking institutions in the country. It offers numerous services to the public, one of which is a lucrative fixed deposit investment scheme. This FD is a safe investment option, which offers guaranteed returns to investors, making them ideal for low-risk takers.

What is IOB senior citizen scheme?

The IOB Senior Citizen Scheme is a government-backed instrument that offers individuals a chance to generate regular income, enjoy greater safety of investment, and tax saving as well.

Which bank gives 7% interest monthly?

Equitas Small Finance Banks offers interest rates between 3.50% and 7% on various amounts. The interest rates with the Equitas Small Finance Bank are provided below, effective as of November 9, 2022. Jana Small Finance Bank offers interest rates between 4.50% to 7% on various amounts.22-Nov-2022

Which is best SBI or IOB?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of Indian Overseas Bank Loan is 10.00%, which is lower than the lowest interest rate of SBI at 10.55%. Hence, Indian Overseas Bank is offering a cheaper loan option.

Which bank is best to invest?

28 April 2022 — Philippine National Bank (PSE: PNB) has been recognized by Asiamoney as the Best Bank for Investment Research in the Philippines for the second consecutive year during its Private Banking Awards last April 25.28-Apr-2022

Is IOB a good buy for long term?

As on 16th Dec 2022 IOB SHARE Price closed @ 33.40 and we RECOMMEND Strong Buy for LONG-TERM with Stoploss of 18.87 & Strong Buy for SHORT-TERM with Stoploss of 21.13 we also expect STOCK to react on Following IMPORTANT LEVELS.IOB Important Levels Intraday.

Which bank is best for Invest?

List of Best Banking Stocks in India

SBI.
HDFC Bank.
ICICI Bank.
Bank of Baroda.
IndusInd Bank.

Which is better than bank FD?

Another type of deposit that can help you earn interest is a fixed deposit with a bank.List of 10 Debt Funds That Gave Better Returns Than FDs.

Which bank has highest FD returns?

Highest 3 Year FD Interest Rates

Is FD better than LIC?

Fixed Deposit Vs Life Insurance - Which is Best for you? Fixed deposit is always a better option to invest as it is purely designed for your investment and savings related needs. If your intention is to save and invest for the future, it is advisable you invest in fixed deposits.

Can I invest 30 lakhs in SCSS?

As the entire investment in an SCSS account is attributable to the first holder, another SCSS account can be opened by your spouse. So you can invest along with your spouse and invest up to Rs 30 lakh.07-Nov-2022

Can I invest 15 lakh each in SCSS and Pmvvy?

SCSS and PMVVY investments are open to seniors 60 years of age and older. Each scheme allows for a maximum investment of Rs 15 lakh.11-Aug-2022

Which is better FD or SCSS?

High-Interest Rate: Offering interest at the rate of 7.6% per annum, SCSS is among the most beneficial investment options, especially compared to the rather traditional ways of savings such as FD and Savings Account. Tax Benefit- Under section 80C of the Income Tax Act, SCSS is eligible for a tax deduction of up to Rs.04-Nov-2022

Which bank gives 6% interest in savings account?

Digital Federal Credit Union offers 6.17%, Blue Federal Credit Union offers 5.00%, Landmark Credit Union offers 7.50%, online bank Mango Money offers 6.00% and Consumers Credit Union and online bank T-Mobile Money, both offer 4.00%.17-Jun-2022

Which bank FD rate is high in 2022?

Within the small finance bank category, Suryoday Small Finance Bank is offering the highest FD interest rate of 9.01% p.a.; followed by Unity Small Finance Bank offering FD rates of 8.50% p.a. Among scheduled private sector banks, RBL Bank offers the best FD interest rates of up to 7.55% p.a.6 hours ago

Which monthly saving scheme is best?

Best Saving Plans

Recurring Deposits.
Post Office Monthly Income Scheme (MIS)
Public Provident Fund (PPF)
KVP (Kisan Vikas Patra)
Sukanya Samriddhi Yojana (SSY)
Atal Pension Yojana.
Employee Provident Fund (EPF)
Pradhan Mantri Jan Dhan Yojana.

Is IOB a safe bank?

In IOB, they are providing good service to the customer on my salary account. Its a zero balance account and i am using this account more than 6-7 years. Customer service and responsiveness was good , ATM and branches are near from my residence.