Your data is secure with us. Have an invite code? OTP has been sent to xxxxxx Change mobile number. Resend OTP or Verify through missed call. Your mobile number does not match with Equifax records. Savings accounts are among the easiest bank accounts to open and operate. It is often the first bank account for many people. While it may offer a low interest rate, it is a safe and convenient way of storing money.
You can choose from a variety of savings accounts to suit your particular banking and financial needs. Banks also offer zero-balance savings accounts for those who want just basic banking facilities like withdrawals and deposits. Even with the downsides, a savings account is popular with the old and the young, as it provides easy access to money in times of need and inculcates a habit of saving. With the easy banking modes it has on offer, a savings account is a must to have.
An Indian Overseas Bank savings account provides a host of banking benefits like flexible easy accounts management, along with a competitive interest rate. You can make quick utility bill payments via NetBanking, and enjoy various features in convenience banking with an Indian Overseas Bank Savings Account.
Below are a few of the different savings accounts offered by IOB. This account is designed for professionals, businesspeople and high net worth individuals. It requires a quarterly average balance of Rs. All students of age 16 and above are eligible to open this account.
It requires a minimum balance of Rs and has a maximum balance of Rs, 50, until the student turns Other benefits include free sms alerts on transactions, free multipurpose card to be used at ATM, POS, and e commerce. Free personal accident insurance cover of Rs. This kind of savings account is a no-frills account designed to accommodate all individuals who do not wish to keep a minimum balance in the account, and need only basic banking facilities such as deposit and withdrawal of cash.
There is no limit on the number of deposits, but account holders are restricted to a maximum of four withdrawals in a month, including ATM withdrawals.
The minimum balance required in an Indian Overseas Bank savings account differs with each kind of account. It is advisable to contact the bank directly for details. Following is an overview:. Do keep in mind that the rates are subject to change at the sole discretion of the bank.
It is advisable to check with the Bank for accurate rates. Different IOB savings accounts have a different schedule of charges. It is best to contact the Bank directly for the most up to date charges.
It is simple to open an IOB savings account. You can visit your nearest branch and have a customer care representative help you with the forms. You can talk to the representative about your saving needs and open an account accordingly. Alternatively, you can download the online account opening form, print it, fill it in, and hand it over at the branch with 2 photographs and ID and address proof.
What is the best interest rate on an Indian Overseas Bank saving account? For the latest interest rates, it is best to contact the nearest branch. All resident individuals, singly or jointly, minors along with parent or legal guardian, are eligible to open a basic savings account. You can fill in the application form online if you have a minimum balance of Rs.
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Do not close the browser! Nice to have you back, Please login to continue. Please secure your profile with one of the options below. Indian Overseas Bank Savings Account. Indian Overseas Bank Savings Account An Indian Overseas Bank savings account provides a host of banking benefits like flexible easy accounts management, along with a competitive interest rate. Safety and security when you store your cash in a savings account Different savings account for different needs.
Regular Savings Bank account All residents are eligible including minors above the age of 10 years. ATM card from account opening day.
International Debit Card without charges. Internet banking Monthly account statements over E-mail. SMS alerts for daily transactions. Personal Accident Insurance covers of Rs. ATM usage at any Bank free. Demat account opening charges free. Facility for Family Health Insurance.
Online Tax payment facility. Basic Savings Bank Deposit Account This kind of savings account is a no-frills account designed to accommodate all individuals who do not wish to keep a minimum balance in the account, and need only basic banking facilities such as deposit and withdrawal of cash.
Following is an overview: For pension accounts the minimum balance is Rs. Is it possible to open an IOB Bank savings account online? Your comment will be reviewed and posted shortly. How to get an SBI credit card? How to get a credit card? How to check your HDFC credit card balance? How to check status of credit card application? How to cancel an SBI credit card?
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