What is monthly average balance in IOB?

What is monthly average balance in IOB?

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.

What are the benefits of Indian bank?

Features & Benefits

• No minimum balance is required for this account.
• No charges for non-maintenance of minimum balance.
• 20 free personalized cheque leaves.
• Free Rupay platinum debit cards is available.
• Free internet banking and mobile banking.
• No Account closure charges.
• Free SMS Alert.

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.

Is IOB a good company?

The overall rating of IBO is 3.8, with Work-Life balance being rated at the top and given a rating of 4.2. However, Salary & Benefits is rated the lowest at 3.4. To know first hand how is it like to work at IBO read detailed reviews by job profile, department and location in the reviews section.

Is IOB good for long term?

If you are looking for stocks with good return, Indian Overseas Bank can be a profitable investment option. Indian Overseas Bank quote is equal to 25.800 INR at 2022-12-12. Based on our forecasts, a long-term increase is expected, the "IOB" stock price prognosis for 2027-12-03 is 41.217 INR.

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.

What are the 4 benefits of banking?

Benefits of a Bank Account

• Bank accounts offer convenience. For example, if you have a checking account, you can easily pay by check or through online bill pay.
• Bank accounts are safe. Your money will be protected from theft and fires.
• It's an easy way to save money.
• Bank accounts are cheaper.

Which bank is best for benefits?

HDFC Bank Salary Accounts come with a number of benefits that make it one of the most preferred banks to do business with.

Who is the No 1 bank in India?

1. HDFC Bank

What is minimum balance in IOB?

It is Rs.500 for non-cheque operated account and Rs.1000 for cheque operated account in other branches.12-Feb-2021

How much can I withdraw from IOB ATM?

Rs. 20,000/-

Which bank is best for zero?

Best Zero Balance Savings Account 2022

• Featured Partners.
• Best Zero Balance Savings Account.
• IDFC FIRST Bank Pratham Savings Account.
• Equitas Selfe Savings Account.
• Axis Bank PRIME Savings Account.
• Indus Delite Savings Account (IndusInd Bank)
• Kotak 811 Full KYC Account (Kotak Mahindra Bank)

Which is better IOB or 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.

Which is best SBI or IOB?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of Indian Overseas Bank Loan is 10.00%, which is lower than the lowest interest rate of SBI at 10.55%. Hence, Indian Overseas Bank is offering a cheaper loan option.

Which bank is best IOB or SBI?

Indian Overseas Bank offers lower Home Loan EMI at ₹ 669 on a Home Loan for 30 Years as compared to SBI with a minimum EMI of ₹ 765 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.

Is IOB government private?

Indian Overseas Bank (IOB) is a public sector bank headquartered in Chennai, India. It operates through the following business segments: personal banking, digital banking, overseas banking, agri/rural, MSME, corporate banking, and government business.

Is IOB merger with SBI?

The merger resulted in 10 Public Sector Banks pooled into 4 Public Sector Banks. However, IOB, Bank of Maharashtra, Punjab and Sind Bank, Bank of India, Central Bank of India and UCO Bank, which are region-centric, will remain as independent entities.02-Nov-2022

Which bank is best for future?

Best Banks in India 2022

• Union Bank of India.
• HDFC Bank.
• ICICI Bank.
• Kotak Bank.
• Bank of Baroda.
• Bank of India.
• Axis Bank.
• Canara Bank.

Is IOB bank safe?

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.

Does Indian Overseas Bank work with UPI?

Customers can use any UPI app to make payments for purchase of goods or services from you. Merchants having existing SB/CC/CA account with IOB can approach their Home Branch or any nearest Branch of IOB to get their BHIM IOB UPI - QR code instantly.06-Jun-2022

Is IOB Mobile Banking Safe?

100% security for IOB mobile banking services: Bank accounts are linked to mobile numbers hence only you can add your IOB account on your phone. Before performing transactions you have generate a banking PIN.09-Sept-2022

What is monthly average balance in IOB?