Indian Overseas Bank (IOB) is a major public sector bank based in Chennai (Madras), with about 3400 domestic branches, including 1150 branches in Tamil Nadu, 3 extension counters, and eight branches and offices overseas as of 31 October 2017.

Yes, the Basic savings Account of the Indian Overseas Bank May Be Opened With Zero Balance the Details Are given below

Basic Savings Account

This is a zero minimum balance account which means that you needn’t maintain a minimum balance in your account to keep it active and operational.

Enjoy access to cash anytime and anywhere you may need as this account features ATM withdrawal facility and cash deposit facility at branches.
Customers can also make transfer funds via electronic payment channels or by means of deposit/collection of cheques drawn by Central/State Government agencies and departments.
Account holders will be provided with an ATM card or an ATM-cum-debit card.

Eligibility Criteria

Any individuals, Clubs, Associations, Trusts, Joint accounts, Educational Institutions, Non-trading organizations, Government Bodies, Societies (including co-operative societies) are eligible to apply for this account.

Any minors above the age of 10 years is also eligible to hold a Regular Savings Bank Account in his/her own name.

For any Query you may Contact to the Customer Care Number of the Indian Overseas Bank the contact Number is as Follow

Customer Care : 1800 425 4445