Public Sector

Indian Overseas Bank

Good People to Grow With

📍 Chennai, Tamil Nadu 📅 Est. 1937 🏢 3,400+ Branches
Visit Official Website Contact Bank

About IOB

Indian Overseas Bank was founded in 1937 by M. Ct. M. Chidambaram Chettyar with twin objectives of promoting overseas banking and foreign exchange operations. It was nationalized in 1969 and continues to serve as a leading public sector bank with presence in India and overseas.

🏦 3,400+ Branches
🏧 3,200+ ATMs
👥 26,000+ Employees
📱 IOB Mobile Mobile App

💵 Savings Account

2.85% Interest Rate

Minimum Balance Requirements

  • Metro/Urban: Rs. 1,000
  • Semi-Urban: Rs. 500
  • Rural: Rs. 250

BSBD Account Available

Account Features

Free ATM Card IOB Mobile App Internet Banking SMS Alerts Passbook

💰 Fixed Deposit (FD) Interest Rates

Tenure Interest Rate
7-45 days 3.50%
46-90 days 4.50%
91-180 days 5.25%
181 days - 1 year 6.40%
1-2 years 6.90%
2-3 years 6.90%
3-5 years 6.65%
5-10 years 6.50%
Senior Citizen Extra +0.50%

* Rates are subject to change. Please verify with the bank before investing.

📈 Recurring Deposit (RD) Interest Rates

Tenure Interest Rate
6 months 5.25%
1 year 6.40%
2 years 6.90%
3 years 6.65%
5 years 6.50%

🏠 Loan Interest Rates

Home Loan

8.50% - 10.50%
Processing: 0.50% + GST Max Tenure: 30 years

Car Loan

8.80% - 11.00%
Processing: 0.50% + GST Max Tenure: 7 years

Personal Loan

11.00% - 15.00%
Processing: 1% + GST Max Tenure: 5 years

Education Loan

8.55% - 11.00%
Processing: Nil Max Tenure: 15 years

Gold Loan

8.75% - 10.00%
Processing: 0.50% Max Tenure: 2 years

Loan Against Property

9.65% - 11.50%
Processing: 0.50% + GST Max Tenure: 12 years

💳 Credit Cards

IOB RuPay Platinum

Annual Fee: Rs. 500 1 point per Rs. 100

IOB Visa Classic

Annual Fee: Rs. 350 Basic rewards

📦 Locker Charges & Service Fees

🔐 Locker Annual Rent

  • Small: Rs. 1,500/year
  • Medium: Rs. 3,000/year
  • Large: Rs. 6,000/year
  • Extra Large: Rs. 10,000/year

💸 Service Charges

  • NEFT (Online): Free
  • RTGS (Online): Free
  • IMPS: Rs. 2.50 - Rs. 15
  • Cheque Book: 20 leaves free
  • Debit Card Annual: Rs. 150 - Rs. 300
  • SMS Alerts: Rs. 15/quarter

📞 Customer Care Numbers

Toll Free 1800-425-4445
General Helpline 1800-103-4123
Credit Card 1800-425-4445
NRI Services 1800-103-4123

SWIFT Code: IOBARINBB

IFSC Format: IOBA0XXXXXX