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| Highlights |
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| Bank |
Indian Overseas Bank |
| Category |
Privileged Account |
Minimum AQB
(Average Quarterly Balance) |
The average daily balance over the last three months should not be less than Rs.50000.
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| Interest Rate |
4% |
| Card Offered |
None
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Main Features
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- The account holder will get ATM card on the very first day.
- No charges will be applicable on International Debit Card issued with the account.
- Facilities like internet banking, personalized multi city cheques, monthly account statements over E-mail, SMS alerts are also applicable with this account.
- Free RTGS and NEFT facility.
- Personalized cheque books will also be issued free of cost.
- Free personal insurance cover of Rs. 5 lakh and facility of family health insurance is also applicable.
- Account holder can also avail preferential rate for Gold coins.
- Other facilities available with the account includes Free opening of Demat account, free online Tax Payment, PAN/TAN facility, online equity trading and overseas travel card free of cost.
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 Fees & charges
Fees & charges
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| Cash withdrawal at ATMs in India |
Free at all the banks. |
| Cash withdrawal at ATMs in outside India |
Free at all the banks. |
| Replacement of Debit Card |
Rs. 100 |
| Cheque Books |
Free Cheque Books. |
| 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 |
Yes
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Special Offers
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Special Offers |
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If the quarterly average balance is between Rs 1,00,000 and above, the balance exceeding Rs1,25,000 will be swept out and kept in TD in units of Rs.2000/-. As and when the minimum balance goes down, the adequate units in TD will be closed and transferred to SB, on a last in –first out basis.
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Eligibility Criteria
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Eligibility Criteria
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| 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. |
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