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Product Details
Bank Name
Indian Overseas Bank
Account Name
Indian Overseas Bank BSBDA
Account Type
Saving
Interest Rate
Balance Upto Rs. 25 Lacs-2.75 ,Balance Above Rs. 25 Lacs to Rs. 1 Crore-2.75 and Balance Above Rs. 1 Crore-
2.90
Free Debit Card
Yes
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
100
NEFT Charges
Free
IMPS Charges
Free
Fees and Charges
Indian Overseas Bank BSBDA
73.2
Special Features
Eligibility Criteria
Accounts can be opened by any Individuals
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Facility of ATM card or ATM-cum-Debit Card,This account shall not have the requirement of any minimum balance,The services available in the account will include deposit and withdrawal of cash at bank branch as well as ATMs; receipt/credit of money through electronic payment channels or by means of deposit/collection of cheques drawn by Central/State Government agencies and departments.
Cons
Holders of ‘Basic Savings Bank Deposit Account’ will not be eligible for opening any other savings bank deposit account in that bank.
Indian Overseas Bank BSBDA Review
The account comes with low interest rate and minimal 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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