How to Apply for an Indian Overseas Bank (IOB) Fixed Deposit

Step 2: Go to 'Deposits', click on 'Deposit Opening' and then click on 'Open Deposit Account' to open a new FD account

Step 3: On the deposit opening page, select the scheme code, enter the deposit amount and the duration, select months or days as the period and click on 'Proceed'

Step 4: Check the deposit summary, select the debit account, choose whether to enable auto renewal and click on 'Proceed'.

Step 5: Enter the nominee's name, date of birth and relationship with you, and click on 'Proceed' 

Step 6: Review the details, enter your transaction password and the OTP sent to your registered mobile number or email ID, accept the terms and conditions and click on 'Submit'.

Once the deposit is opened, IOB displays your deposit account number, and you can download the deposit opening receipt or send it to your registered email ID. 

Documents Required for IOB Fixed Deposit

Identity proof:

• Passport
• Aadhaar card
• PAN card
• Voter ID card
• Driving licence
• Government ID card
• NREGA job card
• Letter issued by the National Population Register containing details of name and address

Address proof:

• Passport
• Telephone bill
• Electricity bill
• Property or municipal tax receipt
• Pension Payment Order (PPO) or Family PPO

Provide your PAN along with the identity and address proof, or submit Form 60 if you do not have a PAN.

Summary 

You can apply for an IOB fixed deposit online through IOB Internet Banking or offline at an IOB branch with valid identity and address proof. Online, you choose the scheme, amount and duration, select a debit account, add a nominee and confirm with your transaction password and OTP. Check the documents list before you apply so that your IOB fixed deposit is opened without delays.