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Is there any charges for internet banking in IOB?
2. Is NEFT chargeable at IOB? NEFT is only free for IOB savings account holders if done through internet banking. Otherwise, it is chargeable.
What is IOB loan recovery charge?
10 \%of the processing fees to be recovered at the time of submitting proposal • 40 \%at the time of conveying sanction • Remaining 50\% at the time of availing the limit. If sanctioned and acknowledged but not availed, the recovered charges are not refundable.
How can I check my IOB debit card EMI?
How to Check EMI Eligibility on Debit Card? You can phone the bank’s customer service line or send an SMS to check your EMI eligibility. You can also check online by navigating to the payments area of an e-commerce website’s checkout page. You are qualified for EMI if you see it on your payment checkout page.
What is the debit card program at IOB?
IOB has tie up with Visa / RuPay / Master Cards for its Debit Card Program. Customers can use these cards for drawing cash not only in our Banks ATMs, but also in any Banks ATM that display the Visa / RuPay / Master Card logo.
On July 6, 2017, the RBI issued a notification, Customer protection – limited liability of customers in unauthorised electronic banking transactions. The good news is that the onus is on the banks to prove that a fraud has taken place, but customers should inform the bank as soon as possible to avoid being penalised.
Also, once reported, banks have to resolve the case within 90 days from the date of receipt of the complaint. RBI’s circular has said that banks must provide customers 24/7 access through multiple channels like SMS, email, IVR and so on for reporting unauthorised transactions.
What to do when money is debited from bank account?
The second step would be to intimate the bank as soon as you get the alert that money has been debited from your account. Do it within three days. If you do not, then depending on how long you take, your liability increases.