# IOB raises 444-day FD rate to 6.75%, cuts shorter tenure rates

2026-11-11T12:41:29+00:00 | Governance | Indian Opinion Desk

Corroboration: 3 independent outlets

Indian Overseas Bank (IOB) raised the interest rate on its 444-day fixed deposit by 15 basis points to 6.75% for deposits below ₹3 crore, effective 10 November 2026. The 444-day non-callable deposit for amounts above ₹1 crore rose by 10 basis points to 6.85%, and the NRE deposit of the same tenure also moved to 6.75%. Senior citizens (60 and above) get an additional 0.50 percentage points, and super senior citizens (80 and above) get 0.75 percentage points, taking the callable rate to 7.25% and 7.50% respectively. The Economic Times reports that IOB simultaneously cut rates on 180 to 269 day deposits from 4.75% to 4.50%. Rates on other tenures remain unchanged.

## Indian Opinion Analysis

All three outlets report the same core facts: IOB raised 444-day deposit rates by up to 15 basis points from 10 November 2026. CNBC-TV18, The Hindu BusinessLine and The Economic Times each note the new callable rate of 6.75% and the senior citizen premium of 0.50 percentage points. The Economic Times alone adds that IOB also cut rates on 180 to 269 day deposits from 4.75% to 4.50%, a detail the other two omit. This narrower cut means The Economic Times frames the revision as a mixed decision, a targeted hike on one tenure alongside a reduction elsewhere, while the other outlets present the change unambiguously as a rate increase. All three stand uniform on the underlying figures and terms. The next date to watch is the effective date of the revised rates, 10 November 2026, which has already passed.

## Coverage

Coverage: 3 sources, 3 neutral
- cnbctv18.com (neutral report) <https://www.cnbctv18.com/personal-finance/indian-overseas-bank-revises-fixed-deposit-rates-what-depositors-will-earn-20031613.htm>
  Uniform factual reporting, no slant
- thehindubusinessline.com (neutral report) <https://www.thehindubusinessline.com/money-and-banking/indian-overseas-bank-hikes-interest-rates-on-444-day-term-deposits-by-up-to-15-bps/article71689302.ece>
  Straight news report, no slant
- economictimes.indiatimes.com (neutral report) <https://economictimes.indiatimes.com/wealth/invest/indian-overseas-bank-revises-fd-interest-rates-6-75-rate-on-444-day-deposits-rate-cut-on-180269-day-fds/articleshow/135737860.cms>
  Also reports rate cut on shorter tenure, no slant

This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry.
Update, 11 November 2026: this story now draws on 3 sources. Last updated 2026-11-11T13:01:33+00:00.

Tags: Asset-Liability Committee, fixed deposits, Indian Overseas Bank, NRE, senior citizens
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How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/