Indian Overseas Bank

Indian Overseas Bank has brought several schemes for rural and urban India. It specialises in various banking services in corporate banking, personal banking, rural banking, NRI banking. FOREX services and also in many other Government payment services.  The personal banking services from the bank ranges from savings account, current account, recurring deposit, fixed deposit, education deposit and reinvestment deposit. There are various schemes available in all these personal deposit plans. You can select from gold or silver category as per your personal choice. The bank has also come up with a no frills account where the minimum balance starts from Rs.5/-. This no frills account can be opened by any individual above 10 years of age.

The silver and gold savings accounts with the Indian Overseas Bank come with International debit card without any extra charges. You will also get the access to wide ATM network of the bank through its ATM card from very first day of opening an account. The Indian Overseas Bank also offers SMS alerts to its account holders on daily transactions. The account statements are sent to the account holders on monthly basis through email. The utility bill payment facility is also available for the convenience of the account holders. These accounts also cover the holder for any personal accident up to the sum of Rs.1 lakh. The insurance is free of cost.

The current account holders are also offered the international debit card for free. Indian Overseas Bank offers free transfer of funds anywhere through NEFT. The account holders will also get the demand draft facility at 50% discount. The other facilities like online payment of tax, payment of utility bills, online trading of equity, cheque books with name printed on it and many such facilities are offered to the current account holders for free.

Indian Overseas Bank offers the facility of various Government Businesses like indirect tax collection, direct tax collection, collection of state sales tax, Public Provident Fund service and other savings scheme for senior citizens. Indian Overseas Bank have several facilities for the NRI customers too. The bank has introduced NRI accounts and FOREX services too. The residents of USA can transfer the funds to India electronically with E-cash home facility offered by the bank. The Lock Box facility is also offered by the bank where the residents of United States can deposit the cheques that are payable at US and get the funds transferred to India. There are many facilities offered by the bank for all your daily banking requirements.