Product Details
Bank Name
Indian Overseas Bank
Account Name
IOB - SB Silver I
Account Type
Saving
Interest Rate
Balance Upto Rs. 25 Lacs-2.75 ,Balance Above Rs. 25 Lacs upto Rs. 1 Crore-2.75 and Balance Above Rs. 1 Crore- 2.90
Free Debit Card
Yes

Account Opening Fees
0
Annual Maintenance Fees
Minimum Account Balance
Quarterly Average Balance should not be less than Rs. 5000/-
Debit Card Charges
100
NEFT Charges
Free
IMPS Charges
Free
Fees and Charges
IOB - SB Silver I
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
ATM cards on day one.
International Debit Card Issued without charges.
Free Internet banking & Mobile Banking facility.
Monthly account statements over E-mail.
Free SMS alerts for daily transactions.
Transfer of funds through RTGS without charges.
Transfer of funds thro' NEFT without charges.
Utility Bill payment facility – Rent/school fees/college fees/ donations/ IOB credit card bills/utility bills/ Telephone bills.
Facility for family Health Insurance – IOB-healthcare Plus.
Cons
IOB - SB Silver I Review
The account comes loaded with a number of value add features. However, the account offers low interest rate. It can be considered by individuals who are looking for a good package of value add features.

Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai