Product Details
Bank Name
Indian Overseas Bank
Account Name
IOB Eighty Plus SB
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 VISA-CLASSIC
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
100
NEFT Charges
Free through Net /MobileBanking
IMPS Charges
Upto 1 lakh -Rs 5 and above 1 lakh but less than 2 lakh-15
Fees and Charges
IOB Eighty Plus SB
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Door-step Banking to the needy customers with the use of Business Correspondent,
Free Personalised Cheque book without any restriction.
Free Internet Banking Enrollment.
Free Mobile Banking Enrollment.
Free SMS alerts for transactions. (Debit/ Credit).
Free Issuance of Debit Cards (Rupay Platinum) and 50% waiver of Annual Maintenance Charges from 2nd year onwards.
Free Medical checkup during annual camp organized by us in tie-up with Health insurance partners- Apollo Munich Insurance/Universal Sompo General Insurance.
Collection of TDS-Exemption Certificate (15H) through BC.
Delivery of TDS certificates through email / courier as desired by the customer.
Cons
IOB Eighty Plus SB
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