Table of Contents
- 1 What is the minimum balance in IOB bank for savings account?
- 2 Is there any charges for net banking in IOB?
- 3 Which bank has less charges?
- 4 What is the interest rate on IOB savings accounts?
- 5 What is the minimum balance required to open an IOB account?
- 6 Does IOB provide me with an overseas travel card?
What is the minimum balance in IOB bank for savings account?
MINIMUM BALANCE It is Rs. 500 for non-cheque operated account and Rs. 1000 for cheque operated account in other branches. For pension accounts the minimum balance is Rs.
Is there any charges for net banking in IOB?
NEFT is only free for IOB savings account holders if done through internet banking. Otherwise, it is chargeable.
How many transactions are free in IOB?
Feature & Benefits:
| Eligibility Criteria | Every Savings & Current Account holder (Individual or Group) |
|---|---|
| Fee for fund transactions at any IOB ATM | Nil |
| Fee for fund transactions at other banks’ ATMs | After 5 transactions, INR 20 per transaction. But in the 6 metros, only 3 such transactions are allowed. |
Which bank has less charges?
The cheapest bank accounts in South Africa in 2021 – withdrawals vs deposits vs monthly fees
| Nedbank PAYU Account | 2020 Fees | R500 transaction |
|---|---|---|
| Deposit (ATM) | R1.00 / R100 | R5.00 |
| Debit order (internal) | Free | |
| Debit order (external) | R5.50 | |
| Monthly account fee (PAYT) | Free |
What is the interest rate on IOB savings accounts?
IOB offers some of the most competitive interest rates on their Savings Accounts to help you maximize your capital. With effect from 11 November 2020, the bank offers an interest rate of 3.05\% on their Regular Savings Bank Account.
What is an Indian Overseas Bank Savings Account?
Funded in 1937, Indian Overseas Bank (IOB), one of India’s major public sector banks, offers its customers the facility of opening Savings Accounts. Each type of Saving Account has been designed to offer a specific set of features, allowing customers to meet specific financial goals.
What is the minimum balance required to open an IOB account?
Quarterly Average Minimum Balance of a minimum Rs 1,00,000 or more. IOB – Savings Bank Silver I. Account can be opened with zero balance. However, in order to be eligible for certain concessions provided with this account, account holders must maintain a Quarterly Average Balance of not less than Rs 5,000.
Does IOB provide me with an overseas travel card?
Don’t worry, IOB provides you with an Overseas Travel card, completely free of charge. For ease of online payments, purchases and cashless transactions, account holders are entitled to an International Debit Card, free of charge.
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