Hi buddy I want to open saving bank (SB) account in Indian Overseas Bank (IOB), so can you here tell me about its saving bank (SB) account along with opening form ??

Indian Overseas Bank (IOB), one of India’s major public sector banks, offers its customers the facility of opening Savings Accounts.

Here on your demand I am telling about saving bank (SB) account
Savings Bank Accounts May Be Opened In The Names Of
Individuals–single accounts, or joint accounts of two or more individuals.


BENEFITS


International VISA Debit Card

Instant Credit of Outstation Cheque upto Rs.15,000/-

Internet banking facility.

Multicity Cheque facility

Nomination facility

Standing Instruction Facility

Speedy transfer of funds

Anywhere Banking

Insurance Products

Requirements For Opening Account


Duly Filled Application Form , Proof of identity, Address proof, Introduction, Passport size photograph.

Interest Rate


4.00% p.a.

interest payment


Interest is paid on daily product basis.


Minimum Balance


You need to maintain a minimum balance of Rs. 100/- for non-cheque operated accounts and Rs. 500/- for cheque operated accounts in branches in rural and semi-urban areas.


It is Rs.500 for non-cheque operated account and Rs.1000 for cheque operated account in other branches.

For pension accounts the minimum balance is Rs. 5/- for non-cheque operated accounts and Rs. 250/- for cheque operated accounts

Indian Overseas Bank (IOB), open saving bank (SB) account form