Indian Overseas Bank Savings Scheme: Whenever it comes to investment, the first thing that comes to people’s minds is to invest in an FD. Along with this, people invest in government savings schemes. Let us tell you that at present, a government bank is giving great returns to its customers on savings schemes.
Actually, we are talking about Overseas Bank’s FD. In the FD scheme of Indian Overseas Bank, people are getting an interest of Rs 30,908 on an investment of Rs 2 lakh. One has to invest in the Indian Overseas Bank for at least 7 days. This bank is giving its customers interest ranging from 3.50 percent to 7.50 percent on FD.
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Know how much interest is being given on a 444-day FD in the bank
Let us tell you that Indian Overseas Bank is providing the highest interest of 6.75 percent to ordinary people and 7.25 percent to the elderly on a 444-day FD scheme. Indian Overseas Bank is providing 7.50 percent interest to its very old people on a 444-day FD scheme.
Which is more interesting than other government banks? At the same time, this government bank is giving 6.50 percent interest to ordinary customers, 7 percent to the elderly, and 7.25 percent to super senior citizens on a 2-year FD.
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An investment of 2 lakh will give an interest of Rs 30908
For information, let us tell you that if ordinary citizens invest Rs 2 lakh in a 2-year FD in the Indian Overseas Bank, then on maturity, a total of 2 lakh 27 thousand 528 rupees will be received. In this, a fixed interest of Rs 27528 is received. If you are a senior citizen and invest Rs 2 lakh in a 2-year FD in a bank, then on maturity, you will get Rs 2,29,776, on you will get an interest of Rs 29,776.
Thus, if you are a super senior citizen and invest Rs 2 lakh in a 2-year FD in Indian Overseas Bank, then on maturity, you will get a total of Rs 2,30,908. This includes the amount received as interest of Rs 30,908.