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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

IOB - SB Silver I
73.2
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
All Individuals Including those Employed in Reputed Companies, Among Software, Public /Private Sector, Govt.
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
Low intreast rate
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

Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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