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Product Details
Bank Name
Indian Overseas Bank
Account Name
IOB Student
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
73.2
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Rs. 500/
Debit Card Charges
100
NEFT Charges
Free
IMPS Charges
Free
Fees and Charges
IOB Student
Special Features
Eligibility Criteria
All Existing Customers (Students) – Student Age – 10 Years and above
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Fund Transfer Facility / Bankers Cheque (or) Demand Draft restricted to tuition Fees / Hostel fees to a Particular School / College Account for payment of fees
Issue of Debit card without charges.
Free Standing Instructions.
Free Cheque Book.
Cons
Low intreast rate
IOB Student Review
The account comes with low interest rate and offers 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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