Indian Overseas Bank

Indian Overseas Bank (IOB) began its illustrious journey in 1937. The initial focus of the bank was on overseas banking and the foreign exchange business. The bank started its operations with the simultaneous opening of three branches in India, Penang and Burma.

This Indian bank underwent nationalization in the year 1969. Prior to that, the bank had already ventured into the consumer credit market and had also set up a separate department for agricultural finance.

The Indian Overseas Bank started its branch computerization process from 1964. It launched its official website in 1997.

IOB has an international presence in places like Singapore, Germany, Seoul, Bangkok and Hong Kong, some of the world's trade hubs.

In India, the country of its origin, IOB is well represented via a country-wide network of branches. The bank has multiple branches in metros like Bangalore, Kolkata, Chennai, Gurgaon, Mumbai, Faridabad, Noida, Pune, Hyderabad, Coimbatore and New Delhi.

IOB provides a wide array of services ranging from the traditional to the state-of -art, innovative ones.

Some standard IOB services are listed below.

First come the IOB deposit schemes.

• Saving Bank Deposits
• Multiple Deposit Account
• No Frills SB Accounts
• Cumulative Benefit Deposit
• Current Account
• Multiple Investment Scheme
• Fixed Deposit
• Annuity Deposit Plan
• Reinvestment Deposit
• Recurring Deposit Account

Now comes the Indian Overseas Bank NRI Services which include the following.

• NRE Accounts
• Remittance Services
• NRO Savings Account
• FCNR Account
• RFC Accounts

IOB loans are available for the following categories.

• Personal Loan
• Finance options meant for Large, Medium and Small business ventures
• Car Loan
• Agricultural Loans
• Commercial Vehicle Loan
• NRI Home Loans
• Corporate Loans
• Educational Loan
• Housing Loan
• Home Improvement Loan

Some other product services of Indian Overseas Bank include items like VISA International Credit Cards, Forex Collection Services, VISA Debit Card, RGTS, IOB Fine Gold, Shares and Mutual Funds and Consultancy Services for Business and Agriculture.

The list of amenities from IOB is virtually endless. Apart from Any Branch Banking, IOB STARS and ATM Banking this premier bank also provides Net Banking, Cross Selling Products like IOB Healthcare Plus, E-Tax Payment schemes for both direct and indirect schemes, Online Trading facilities, e-Cash, Online Bill Payment, Merchant Banking and a lot more.

Contact Bank:
Indian Overseas Bank
Head Office Address
763, Anna Salai,
Chennai - 600002