Indian Overseas Bank Flexi Deposit

I am customer of Indian Overseas Bank (IOB) and want to know details about the Indian Overseas Bank Flexi Deposit Scheme. Can you tell me who is eligible to avail this flexi deposit scheme also tell me list of Features of the Easy Deposit Scheme along with bank branch locater?

[Shaleen]

Indian Overseas Bank is a major public sector bank based in Chennai.

IOB Flexi or Easy Deposit is for:

Salaried individual
Professional
Small trader
Housewife or a
Student... wanting to save money in flexible and convenient monthly instalments

Features of the Easy Deposit Scheme:

You can choose the minimum amount you want to save every month ranging from Rs. 100/- to Rs. 1,000/-
The chosen amount will be the core amount and you can deposit up to ten times of the core amount every month
The interest and your investment will be repaid at the end of a period specified by you, ranging from 6 months to 10 years
You can receive a monthly interest depending on the minimum balance in your account between the 10th and the last day of the month
Premature closure of the deposit is permitted
You can get a loan of up to 90% on your deposit with the accrued interest

Minimum amount you can deposit:

The minimum deposit amount is Rs. 100/-. Higher deposits can be made in multiples of Rs. 10/- with the maximum being Rs. 10,000/-.

Below I am providing you the process to check the branch locater of this bank:

1 Visit the official portal of the bank which looks like:




2 At the right top of the home page you will get the branch link click on that.

3 You will be redirected to the new page which looks like:



4 Enter your search details and submit or below you can check the list of branches available.

5 You will be able to get your search details result for IOB branch.

Contact:

Central Office Address :
763 Anna Salai,
Chennai - 600002
Phone : +91-44- 2852 4212