Interest rates on 444-day FD increased by Indian Overseas Bank

Indian Overseas Bank (IOB) has announced an increase in interest rates on its special 444-day fixed deposit (FD), according to a report by The Economic Times. These new revised interest rates will come into effect from 10 November, 2026.

The bank has increased the interest rate on its special 444-day fixed deposit from 6.60% to 6.75%, representing an increase of 15 basis points. This increase is for general deposits. However, the bank has reduced the interest rate on deposits for the period of 180 to 269 days. The interest rate for this period has been reduced from 4.75% to 4.50%.

There has been no change in the interest rates for other tenures. For deposits of less than ₹3 crore, other rates will be as follows: 3.5% for 7 to 45 days, 4% for 46 to 60 days, 3% for 61 to 90 days, 3.5% for 91 to 120 days, 2.9% for 121 to 179 days, 6.4% for 270 days to 1 year, 6.4% for 1 year to 2 years (excluding 444 days), 6.4% for 2 years to less than 3 years, and 6.1% for 3 years or more.

This change in interest rates by Indian Overseas Bank comes at a time when other banks such as HDFC Bank, ICICI Bank, and Kotak Mahindra Bank also changed their FD rates in November.