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| Highlights |
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| Bank |
Indian Overseas Bank |
| Category |
Regular |
Minimum AQB
(Average Quarterly Balance) |
In Rural and Semi-rural areas
For cheque operated account - Rs. 500
for non-cheque operated accounts - Rs. 100
At other branches
For cheque operated account - Rs. 1000
For non-cheque operated accounts - Rs. 500
Pension Accounts
For cheque operated accounts - Rs. 250
For non-cheque operated accounts - Rs 25
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| Interest Rate |
4% |
| Card Offered |
ATM cum Debit Card
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Main Features
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- Account holder shall be issued International VISA Debit Card with the account.
- The facility of instant credit of outstation cheques, upto Rs. 15,000 will also be given.
- The account holder is also entitled to avail various other banking facilities including internet banking facility, multicity cheque facility, standing instruction facility and anywhere banking.
- Account holder is also eligible to enjoy various insurance products.
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 Fees & charges
Fees & charges
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| Charges for non maintenance of minimum quarterly average balance |
Rs. 20 per month |
| ATM transaction at own bank |
Free of charges. |
| Balance inquiry at Other banks |
Free-5 transactions per month, thereafter Rs.20 per transaction. |
| Replacement of Debit Card |
Rs. 100 |
| Issue of DD drawn on base Bank/banks branch by cheque/transfer |
Upto & inclusive of Rs.5000 Rs. 28 per instrument
Above Rs. 5000/- and upto Rs. 55 per instrument
and inclusive of Rs. 10,000/-
Above Rs. 10000/- upto Rs. 110 per instrument
Rs. 1,00, 000/-
Above Rs. 1,00,000/- Rs. 165 per instrument |
| DD cancellation/Revalidation |
Revalidation -
For individuals - Rs. 50
For non-individuals - Rs. 100
Cancellation -
For individuals - Rs. 30
For non-individuals - Rs. 50 |
| Statement/Duplicate Account Statement |
Rs. 40 for 40 entries |
| Cheque Books |
Rs. 2.50 per cheque. |
| Pass Book |
Issue of duplicate pass book - Rs. 30 |
| Outstation cheque collection |
Upto & inclusive of Rs.5000 Rs. 28 per instrument
Above Rs. 5000/- and upto Rs. 55 per instrument
and inclusive of Rs. 10,000/-
Above Rs. 10000/- upto Rs. 110 per instrument
Rs. 1,00, 000/-
Above Rs. 1,00,000/- Rs. 165 per instrument |
| Return of Cheque |
Up to Rs.10,000/- Outstation -
Rs.5/- per thousand with a Minimum of Rs.20/-
and Maximum of Rs.50/-
Local -
Rs.50/- per instrument
From Rs.10,001/- Outstation -
to Rs.1.00 Lakh Rs. 100/- per instrument
Local -
Rs.50/- per instrument
From Rs.1,00,001/- Outstation -
And above Rs.150/- per instrument
Local -
Rs.50/- per instrument |
| Stop Payment for individual cheque or a range of cheques |
Rs. 30 per instrument, Maximum Rs. 50. |
| Closure of Account |
Rs. 75 |
| Interest Certificate |
Duplicate -
In rural branches - Rs. 25
In non-rural branches - Rs.50 |
| Balance Certificate |
Duplicate -
In rural branches - Rs. 25
In non-rural branches - Rs.50 |
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Services & Features
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Services & Features
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| Overdraft Facility |
No |
| Reward Points |
No
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| Internet Banking |
Yes
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| Phone Banking |
No
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| Mobile Banking |
No
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| SMS Alerts |
No
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Special Offers
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Special Offers |
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- If the account holder is able to maintain a minimum quarterly balance of Rs. 10,000 or above then he is entitled to avail few extra facilities apart from the default ones.
- Inland drafts / mail transfers not exceeding Rs.10,000/- per month, limited to 2 occasions in a month per depositor issued without any commission/exchange.
- Collection of inland outstation instruments such as cheques / 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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Eligibility Criteria
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Eligibility Criteria
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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. |
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Documents
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Documents |
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- Properly filled application form for account opening.
- Identity proof
- Address Proof
- Introduction
- Passport sized photographs
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Nomination
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Nomination |
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- Nomination facility available.
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Show All Saving Accounts
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