savings bank deposit schemes
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Savings Bank Deposit SchemesU name it we have it
Indian Overseas Bank provides various Savings Bank Deposit schemes meant for people
belonging to all sections of the society. The Bank stays committed to society to inculcate
savings habit among the people while allowing them to use their funds as per their
convenience.
Our Savings Bank Deposit Schemes include:-
Regular Savings Bank Account
Savings Bank No Frills Account
IOB Savings Bank Gold I
IOB savings Bank Gold II
IOB Savings Bank Silver I
IOB Savings Bank Silver II
IOB SB Student
Open a Savings Bank account with us and enjoy hassle free Banking. With our Core Banking
solution, you have the flexibility to operate your account from any of the 2600+ Core
Banking Branches all over India.
Regular Savings Bank
http://www.iob.in/Regular_Savings_Bank_Account.aspxhttp://www.iob.in/Regular_Savings_Bank_Account.aspxhttp://www.iob.in/No_Frills_Account.aspxhttp://www.iob.in/No_Frills_Account.aspxhttp://www.iob.in/IOB_SB_GOLD.aspxhttp://www.iob.in/IOB_SB_GOLD.aspxhttp://www.iob.in/Savings_Bank_Gold_II.aspxhttp://www.iob.in/Savings_Bank_Gold_II.aspxhttp://www.iob.in/IOB_SB_Silver.aspxhttp://www.iob.in/IOB_Savings_Bank_Silver_II.aspxhttp://www.iob.in/IOB_Savings_Bank_Silver_II.aspxhttp://www.iob.in/IOB_Student.aspxhttp://www.iob.in/IOB_Student.aspxhttp://www.iob.in/IOB_Student.aspxhttp://www.iob.in/IOB_Savings_Bank_Silver_II.aspxhttp://www.iob.in/IOB_SB_Silver.aspxhttp://www.iob.in/IOB_SB_Silver.aspxhttp://www.iob.in/Savings_Bank_Gold_II.aspxhttp://www.iob.in/IOB_SB_GOLD.aspxhttp://www.iob.in/No_Frills_Account.aspxhttp://www.iob.in/Regular_Savings_Bank_Account.aspx -
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HomePersonal BankingSaving BankRegular Savings Bank
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Details Description
ELIGIBILITY Individuals, Joint accounts, Clubs, associations, trusts, Govt.
Bodies, societies (including co-operatives), educational
institutions, associations and other non-trading organizations.
Minors who have completed ten years of age can apply in
their names.
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
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.
LOAN AGAINSTDEPOSIT
Not permitted
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
VALUE ADDITIONS Maintain an average quarterly balance of Rs.10,000 and
above in the account and get the following facilities:-
http://www.iob.in/default.aspxhttp://www.iob.in/Saving_Bank.aspxhttp://www.iob.in/PrintPreview.aspx?Flag=Largehttp://www.iob.in/PrintPreview.aspx?Flag=Largehttp://www.iob.in/PrintPreview.aspx?Flag=Largehttp://www.iob.in/PrintPreview.aspx?Flag=Largehttp://www.iob.in/Saving_Bank.aspxhttp://www.iob.in/default.aspxhttp://www.iob.in/default.aspx -
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Inland drafts / mail transfers not exceedingRs.10,000/- per month, limited to 2 occasions in a
month per depositor issued without any
commission/exchange.
Collection of inland outstation instruments such ascheques / drafts / dividend warrant etc not exceeding
Rs.10,000/- per month irrespective of the number of
instruments per depositor is done without collection
charges.
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The minimum balance requirement and the charges presently levied by banks on S.B.
accounts deter a sizeable section of population from opening /maintaining bank accounts. Our
Bank has, therefore, launched a "No-frills" accounts with lower minimum balance in all our
branches.
Details Description
ELIGIBILITY Individuals, including minors who have completed 10 years
of age and pensioners. Joint accounts are permitted.
MINIMUM BALANCE Rs.5/-
WITHDRAWAL FROM
ACCOUNTOnly by withdrawal slip. Cheque book will not be issued
INTEREST PAYMENT 4.00% p.a.
AMOUNT OFTRANSACTIONS The balance in the account should not exceed Rs.50,000 atany point of time and the total credit in the account should not
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exceed Rs.1,00,000/- in a year.
NO. OF TRANSACTIONS 25 transactions per half-year
PENALTY FOR
EXCEEDING THENUMBER OF
TRANSACTION
No penalty
VALUE ADDITIONS /
CONCESSIONS
No other value addition / concession allowed in the account.
Collection of instruments and issue of DD/MT will attract
normal charges. Debit Cards are not issued.
BRANCHES WHERE
ACCOUNT CAN BE
OPENED
All branches of the Bank
HomePersonal BankingSaving BankIOB - Savings Bank Gold IEmailPrintLarge Print
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IOB presents a unique high end SB product for professionals such as Doctors, Lawyers, CAs,
Executives working in MNCs, software companies, High Networth individuals etc. We offer
host of concessions under this product. All it requires is that you should maintain an average
daily balance of not less than Rs.50000 over the last three months.
Details Description
ELIGIBILITY All individuals including professionals such as doctors,
lawyers, C.A.s; Executives working in MNC, software
companies, Public/private sector and business people, High
Net Worth individuals, CEOs, IAS and IPS.
MINIMUM BALANCE
REQUIREMENT
The average daily balance over the last three months should
not be less than Rs.50000.
SPECIAL FEATURES /
CONCESSIONS
ATM card on day one. International Debit Card without charges. Internet banking Personalized Multi city cheques issued at MICR
centers free.
Monthly account statements over E-mail. SMS alerts for daily transactions. Transfer of funds through RTGS without charges. Transfer of funds thro' NEFT without charges. Personalised cheque books with name printed free of
cost.
Personal Accident Insurance covers of Rs. Five lakhsfree of cost.
Anywhere Banking in CBS/TBA branches.
http://www.iob.in/default.aspxhttp://www.iob.in/Saving_Bank.aspxhttp://www.iob.in/Saving_Bank.aspxhttp://www.iob.in/PrintPreview.aspx?Flag=Largehttp://www.iob.in/PrintPreview.aspx?Flag=Largehttp://www.iob.in/PrintPreview.aspx?Flag=Largehttp://www.iob.in/Saving_Bank.aspxhttp://www.iob.in/default.aspxhttp://www.iob.in/default.aspx -
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Preferential rate for gold coins ATM usage at any Bank free. Demat account opening charges free. Online Tax payment free of cost. Online bill payment facility. Facility for Family Health Insurance.
If the quarterly average balance is between Rs 50,000 and