What documents are required to open a bank account in IOB?

What documents are required to open a bank account in IOB?

address proof:

• List I - ID proof. List II – address proof.
• PAN Card. 2 Voter ID Card.
• Voters Identity Card. 3 Current Pass Port.
• 4 Driving License. NREGA Letter.
• 5 NREGA Letter. Aadhar Card.

Is IOB a zero balance account?

Indian Overseas Bank also offers a no-frills account, account that can be opened and maintained with zero balance, levies zero or nominal charges and does away with the unnecessary services or frills. Minimum balance of Rs. 500/- to Rs. 1000/- should be kept in this account.

What documents need for open bank account?

• Passport,
• Driving Licence,
• Proof of possession of Aadhaar Number,
• Voter's Identity Card issued by Election Commission of India,
• Job card issued by NREGA duly signed by an officer of the State Government,
• Letter issued by the National Population Register containing details of name and address.

What is the minimum balance in IOB bank?

500 for must be maintained for non-cheque operated account and Rs. 1000 for cheque operated account.

What are the 7 steps to open a bank account?

7 steps to take to open a savings account

• Choose how to apply.
• Gather your identification.
• Provide contact details.
• Select a single or joint account.
• Accept the terms and conditions.
• Submit your application.
• Fund your new account.

Which bank has zero balance?

Special Feature. 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

Can I open account in IOB online?

Can I open IOB bank account online? Individual or Single Accounts can be opened via online application with a minimum amount of Rs 10,000.

Is IOB a government bank?

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.

How much can I withdraw from IOB ATM?

Rs. 20,000/-

Which bank is best for opening account?

Top Savings Bank Accounts of 2022

• State Bank of India (SBI) Savings Account. 2.70% p.a.
• HDFC Bank Savings Account. 3.50% p.a.
• Kotak Mahindra Bank Savings Account. 3.50% p.a.
• DCB Bank Savings Account. 6.50% p.a.
• RBL Bank Savings Account. 6.00% p.a.
• IndusInd Bank Savings Account. 5.00% p.a.
• ICICI Savings Bank Account. 3.50% p.a.

Is Aadhaar card enough for opening bank account?

They can use their Aadhaar to open bank accounts and get government benefits directly in their accounts.03-Oct-2022

Is PAN card compulsory for bank account?

A bank account helps safeguard money and earn interest income. When you open an account, you need to fulfil your KYC or Know Your Customer requirements. For this, you will have to submit certain documents to the bank. While earlier, the need for a PAN card was mandatory to open a bank account, it is no longer so.

Which bank is 500 minimum balance?

List of All Banks Savings Account Interest Rates and Minimum Balance 2022

How can I open a savings account in IOB?

How to Open a Saving Account in Indian Overseas Bank Account?

• (1) Personally Visit Indian Overseas Bank Account Branch.
• (2) Fill up Account Opening Form (AOF) for Savings Account.
• (3) Attach Required (Mandatory) Documents with the Account Opening Form (AOF)

Which bank has lowest minimum balance?

Indus Easy: BSBD Accounts- The Indus Easy Savings Account is a Basic Savings Bank Deposit Account (BSBDA) that offers maximum benefits with minimum requirements. Take advantage of all basic banking facilities at no minimum balance requirement, and get a free ATM Card as well.18-Oct-2022

What are the 3 types of bank accounts?

The most common types of bank accounts include: Checking accounts. Savings accounts. Money market accounts (MMAs)25-Jul-2022

What are the 4 types of bank accounts?

Different Types of Bank Accounts in India

• Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others.
• Savings account.
• Salary account.
• Fixed deposit account.
• Recurring deposit account.
• NRI accounts.

What is the minimum to start a bank account?

The interest they pay for savings accounts You usually need to make an initial deposit between $25 and $100 to open a savings or checking account. Find out how much you must keep in the account at all times to avoid or reduce fees.

Which bank is best for savings?

The best savings accounts 2022

• AMP Saver Account.
• Westpac Life 18-29.
• Bank of Queensland Future Saver Account 14 to 35 years.
• ING Savings Maximiser.
• Up - Saver Account.
• Ubank - Save Account.
• Bank of Queensland Smart Saver Account.

Which bank accounts are free?

Best no-fee checking accounts

• Best overall: Capital One 360® Checking Account.
• Runner-up: Ally Interest Checking Account.
• Best for rewards: Discover Cashback Debit Account.
• Best for out-of-network ATMs: Alliant Credit Union High-Rate Checking Account.
• Best for students: Chase College Checking℠ Account.

Which bank is best for students?

Compare the Best Banks for Students

What documents are required to open a bank account in IOB?