IOB Bank SB Account Balance

Hii sir, I Wants to open a Saving Account in the Indian Overseas bank Will you Please tell Me What Minimum Balance is Required to Open A Saving Account in the Indian Overseas bank ?

[Rajkumar Agarwal]

As you Wants to Open a Saving Account in the Indian Overseas bank the details of the Saving Account of the Indian Overseas bank is given below

Features

International VISA Debit Card

Instant Credit of Outstation Cheque upto Rs.15,000/-

Internet banking facility.

Multicity Cheque facility

Nomination facility

Standing Instruction Facility

Speedy transfer of funds

Anywhere Banking

Insurance Products


Eligibility Criteria :

Individuals, Joint accounts, Clubs, associations, trusts, Govt. Bodies, societies (including co-operatives), educational institutions, associations and other non-trading organizations.
Minors who have completed ten years of age can apply in their names.


MINIMUM BALANCE
You need to maintain a minimum balance of Rs. 100/- for non-cheque operated accounts and Rs. 500/- for cheque operated accounts in branches in rural and semi-urban areas.

It is Rs.500 for non-cheque operated account and Rs.1000 for cheque operated account in other branches.

REQUIREMENTS FOR OPENING ACCOUNT
Duly Filled Application Form ,
Proof of identity, Address proof, Introduction, Passport size photograph.

INTEREST RATE 4.00% p.a.


For more details you may Visit the Nearest branch of the Indian Overseas bank