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Product Details
Bank Name
Indian Overseas Bank
Account Name
Indian Overseas Bank Regular SB Account
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
Debit Card Charges
100
NEFT Charges
Upto ₹10,000/ -₹.4/-,Above ₹1.00 lac and upto ₹2 lacs -.12/-
IMPS Charges
Upto 1 lakh -Rs 5 and above 1 lakh but less than 2 lakh-15
Fees and Charges
Indian Overseas Bank Regular SB Account
73.2
Special Features
Eligibility Criteria
ndividuals, Joint accounts, Clubs, associations, trusts, Govt. Bodies, societies (including co-operatives), educational institutions, associations and other non-trading organizations and Minors who have completed ten years of age can apply in their names.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
International VISA/MASTER/RUPAY Debit Card.
Instant Credit of Outstation Cheque upto Rs.15,000/.
50 cheque leaves free per annum.
Cons
Low intreast rate
Indian Overseas Bank Regular SB Account
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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