Is IOB a good bank?
The overall rating of Indian Overseas Bank is 3.7, with Job Security being rated at the top and given a rating of 4.3. However, Company culture is rated the lowest at 3.1.
In IOB, they are providing good service to the customer on my salary account. Its a zero balance account and i am using this account more than 6-7 years. Customer service and responsiveness was good , ATM and branches are near from my residence.
What is the minimum balance in IOB bank?
For rural and semi-urban branches, minimum balance of Rs 100 must be maintained for non-cheque operated accounts; Rs 500 for cheque operated accounts. For all other branches, minimum balance of Rs. 500 for must be maintained for non-cheque operated account and Rs. 1000 for cheque operated account.
Indian Overseas Bank (IOB) was founded in February 1937 with twin objectives of specialising in foreign exchange business and overseas banking.
Is IOB better than SBI?
State Bank of India scored higher in 8 areas: Overall Rating, Culture & Values, Diversity & Inclusion, Senior Management, Compensation & Benefits, Career Opportunities, Recommend to a friend and Positive Business Outlook. Indian Overseas Bank scored higher in 2 areas: Work-life balance and CEO Approval.
1. HDFC Bank
Is IOB in trouble?
Finally, the bank returned to black after suffering losses for six years in a row. IOB's net profit in March 2021 quarter more than doubled to ₹350 crore (₹144 crore in March 2020 quarter). Its net NPA declined to 3.58 per cent in March 2021 quarter from 5.44 per cent in March 2020 quarter.19-Jul-2021
IOB was one of the 14 major banks that were nationalized in 1969. On the eve of Nationalization in 1969, IOB had 195 branches in India with aggregate deposits of Rs. 67.70 Cr.
Who is the owner of IOB bank?
Indian Overseas Bank
Which bank is good for zero balance?
Kotak Mahindra Bank has introduced three kinds of zero balance accounts out of which Kotak 811 Full KYC account is the most useful as it provides a cheque book and a debit card (if required by paying INR 199) and a free digital debit card. Facility of NEFT, IMPS, RTGS available without any charge.15-Nov-2022
* Minimum amount Rs 1.00 Lakh Interest rate for IOB Tax Saver Deposit shall be at 6.50%. For Senior Citizens Additional Rate of 0.50% and for Super Senior Citizens (aged 80 years and above) Additional Rate of 0.75% continues.
Where is headquarter of IOB?
Delivery of Non-personalised Cheque Books, Pay Orders, Term Deposit Receipt/Acknowledgement etc.08-Jul-2021
What is the slogan of Indian Overseas Bank?
Good People to Grow With
Indian Overseas Bank quote is equal to 33.450 INR at 2022-12-19. Based on our forecasts, a long-term increase is expected, the "IOB" stock price prognosis for 2027-12-10 is 50.080 INR. With a 5-year investment, the revenue is expected to be around +49.71%. Your current $100 investment may be up to $149.71 in 2027.
Which bank is best Canara or IOB?
Indian Overseas Bank offers lower Home Loan EMI at ₹ 669 on a Home Loan for 30 Years as compared to Canara Bank with a minimum EMI of ₹ 772 for 30 Years. Average customer ratings for Indian Overseas Bank is currently at 2.5/5.0 which makes it a good choice for taking a Home Loan.
As per Forbes World's Best Bank survey, HDFC Bank is ranked No. 1 bank by customers in India.06-Dec-2022
Which Indian banks failed?
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State Bank of India (SBI): As it is managed by the Indian government and a few shareholders, the State Bank of India may be among the most reliable financial institutions.10-Nov-2022
Which salary account is best?
Top 7 Salary Accounts in India 2022
Is IOB a good bank?