Product Details
Bank Name
Indian Overseas Bank
Account Name
IOB - SB Silver II
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
0
Minimum Account Balance
Quarterly Average Balance should not be less than Rs. 5,000/-
Debit Card Charges
100
NEFT Charges
Free
IMPS Charges
Free
Fees and Charges
IOB - SB Silver II
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
ATM card 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.
Personalized cheque books with name printed free of cost.
Demat account opening charges free.
Online tax payment free of cost.
Facility for family health insurance and sweep-in facility available.
Cons
IOB - SB Silver II Review
The account comes with low interest rate and offers average 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