Indian Overseas Bank
About Indian Overseas Bank

Background of IOB
Established on 10th February 1937 by Mr M. Ct. M. Chidambaram Chettyar, leader in banking, insurance and industry areas, Indian Overseas Bank (IOB) had the twin aims of attaining specialization in overseas banking as well as foreign exchange business. IOB has always been talked about for its excellent presence and services. At the time of inauguration, IOB started its business in three branches at the same time. The branches were located at Karaikudi and Chennai in India and Rangoon in Myanmar, erstwhile Burma. It had a branch in Penang also.During the time when India became an independent nation, Indian Overseas Bank was running 38 branches in India and 7 overseas branches. At that point of time, the Deposits of the bank was Rs.6.64 crore and Advances was Rs.3.23 crore.
IOB received the status of nationalized bank in the year 1969 along with other 13 major banks. By this time, it had 195 branches. Gradually between the periods 1969 and 1992, IOB started spreading its wings in foreign destinations like Colombo and Seoul.
IOB was the first bank to receive ISO 9001 Certification from Det Norske Veritas (DNV), Netherlands in the month of September 1999 for its Computer Policy and Planning Department. Besides, in its journey, it has won many awards and accolades too. These include:
- NABARD's award 2000-2001 for creating maximum number of credit links of Self Help Groups in comparison to all the other Banks in Tamil Nadu.
- Best Award under the category of Banking Technology in the year 2001.
Products and Services of Indian Overseas Bank
The thoughtfully designed products and services of the Indian Overseas Bank can be listed as given below:Personal Banking
- Saving bank
- Current account
- Term deposit
- Retail loans
- Home loans and mortgages
- Depository services
- IOB Fine Gold
- International VISA Cards
- Any Branch Banking
- Multi city cheque facility
- Insurance and mutual fund
Corporate Banking
- Micro Small and Medium Enterprises (MSME)
- IT & ITes BPO
- Cash management services -IOB STARS
Rural
- IOB's commitment for social causes
- Agricultural short time loans
- Financial inclusion
- Agri business consultancy
NRI Accounts
- Non-Resident Ordinary (NRO)
- Resident Foreign Currency Account (RFC)
- Foreign Currency Non-Resident Accounts (Banks)
- NRI home loan scheme
- NRI remittances
- Remittances procedures
- Tracking cell
- Forward cover
- IOB NRI shield
- IOB Expo Gold Card
Forex
- SWIFT centers
- Authorized dealer branches
- Forex collection services
- Overseas cash
Government Business
- E-Payment of direct taxes
- E-Payment of indirect taxes
- Pension payment scheme
- Sales tax collections
- Provident Fund Scheme 1968
- 8 percent savings taxable bond scheme
- Senior citizen scheme 2004
Indian Overseas Bank Loans
Indian Overseas Bank Loans are available for a vast number of categories. The fields covered encompass the arenas of Personal Loan, Home Improvement Loan, Car Loan, Housing Loan, Agricultural Loans, Educational Loan, Commercial Vehicle Loan, Corporate Loans, NRI Home Loans and more.Indian Overseas Bank personal loans are available for financing weddings, construction of houses, festive occasions and the like.
- Pushpaka Loan Scheme
- Vidya Jothi Scheme
- NRI Home Loan Scheme
- Alankaar Scheme
- Personal Loan
- Retail Trade
- Home Improvement Scheme
- Clean Loan
- Shubh Yatra
- Akshay
- Subha Gruha Scheme
- Sahayika
- Liquirent
- Home décor
IOB Home Loans
- NRI Home Loan Scheme
- Home Improvement Scheme
- Subha Gruha Scheme
- Home Décor
IOB Education Loans
Vidya Jyothi Scheme is IOB's flagship educational loan product.Applicants to the IOB Vidya Jyothi Scheme need to possess the following criterion.
- Indian nationality
- Admission to any technical or professional study courses in Indian or foreign universities via a certified entrance examination
- Graduation
- Computer education
- Post graduation
- Diploma
- Engineering
- Management courses from IIM, NIFT, IISC and XLRI and the like
- Medical
- Dental
- Agriculture
- Law
- Veterinary
- ICWA, CFA, CA and the like
IOB educational Loans are also available for Shipping, Aeronautical or Pilot training courses if they are from certified authorities. Further information about IOB educational loans can be sourced from the bank.
As per latest the info, the ceiling for IOB educational loan is ` 10.00 lakhs and ` 20.00 lakhs respectively for study in India and abroad.
Indian Overseas Bank personal loans
Indian Overseas Bank personal loans encompass a number of categories. Among them is "Sanjeevini", the loan scheme for the Medical Practitioners. 'Sahayika' personal loan scheme for meeting one's social, financial obligations. Shubh Yatra Scheme extended for one's travel abroad either for seeking employment or for medical treatment or for tourism purpose. Akshay is the loan issued against one's life insurance policies. The unique Alankaar Scheme is the loan extended to women for buying jewelery.Indian Overseas Bank Car Loans are available under the Pushpaka Vehicle Finance Scheme.
Head Office of Indian Overseas Bank
Indian Overseas Bank763 Anna Salai,
Chennai - 600002
Phone: +91-44- 28524212
Official Website : http://www.iob.in/
Indian Overseas Bank, Customer Care Number :
1800 425 4445Last Updated on May 1, 2015
List of Bank Branches in India
- abhyudaya cooperative bank limited
- abu dhabi commercial bank
- ahmedabad mercantile cooperative bank
- airtel payments bank limited
- akola janata commercial cooperative bank
- allahabad bank
- almora urban cooperative bank limited
- andhra bank
- andhra pragathi grameena bank
- apna sahakari bank limited
- au small finance bank limited
- australia and new zealand banking group limited
- axis bank
- b n p paribas
- bandhan bank limited
- bank of america
- bank of baharain and kuwait bsc
- bank of baroda
- bank of ceylon
- bank of india
- bank of maharashtra
- bank of tokyo mitsubishi limited
- barclays bank
- bassein catholic cooperative bank limited
- bharat cooperative bank mumbai limited
- canara bank
- capital small finance bank limited
- catholic syrian bank limited
- central bank of india
- chinatrust commercial bank limited
- citi bank
- citizen credit cooperative bank limited
- city union bank limited
- corporation bank
- credit agricole corporate and investment bank caly
- credit suisee ag
- dcb bank limited
- dena bank
- deogiri nagari sahakari bank ltd. aurangabad
- deposit insurance and credit guarantee corporation
- deustche bank
- development bank of singapore
- dhanalakshmi bank
- doha bank
- doha bank qsc
- dombivli nagari sahakari bank limited
- equitas small finance bank limited
- esaf small finance bank limited
- export import bank of india
- federal bank
- fincare small finance bank ltd
- fino payments bank
- firstrand bank limited
- g p parsik bank
- haryana state cooperative bank
- hdfc bank
- himachal pradesh state cooperative bank ltd
- hsbc bank
- icici bank limited
- idbi bank
- idfc bank limited
- idukki district co operative bank ltd
- indian bank
- indian overseas bank
- indusind bank
- industrial and commercial bank of china limited
- industrial bank of korea
- jalgaon janata sahakari bank limited
- jammu and kashmir bank limited
- janakalyan sahakari bank limited
- janaseva sahakari bank borivli limited
- janaseva sahakari bank limited
- janata sahakari bank limited
- jp morgan bank
- kallappanna awade ichalkaranji janata sahakari ban
- kalupur commercial cooperative bank
- kalyan janata sahakari bank
- karnataka bank limited
- karnataka vikas grameena bank
- karur vysya bank
- keb hana bank
- kerala gramin bank
- kotak mahindra bank limited
- kozhikode district cooperatiave bank ltd
- laxmi vilas bank
- mahanagar cooperative bank
- maharashtra gramin bank
- maharashtra state cooperative bank
- mashreqbank psc
- mizuho bank ltd
- nagar urban co operative bank
- nagpur nagarik sahakari bank limited
- national australia bank limited
- national bank of abu dhabi pjsc
- new india cooperative bank limited
- nkgsb cooperative bank limited
- nutan nagarik sahakari bank limited
- oriental bank of commerce
- paytm payments bank ltd
- pragathi krishna gramin bank
- prathama bank
- prime cooperative bank limited
- pt bank maybank indonesia tbk
- punjab and maharshtra cooperative bank
- punjab and sind bank
- punjab national bank
- rabobank international
- rajgurunagar sahakari bank limited
- rajkot nagrik sahakari bank limited
- rbl bank limited
- reserve bank of india pad
- sahebrao deshmukh cooperative bank limited
- samarth sahakari bank ltd
- saraswat cooperative bank limited
- sber bank
- sbm bank mauritius limited
- shikshak sahakari bank limited
- shinhan bank
- shivalik mercantile co operative bank ltd
- shri chhatrapati rajashri shahu urban cooperative
- societe generale
- solapur janata sahakari bank limited
- south indian bank
- standard chartered bank
- state bank of india
- sumitomo mitsui banking corporation
- surat national cooperative bank limited
- suryoday small finance bank limited
- sutex cooperative bank limited
- syndicate bank
- tamilnad mercantile bank limited
- telangana state coop apex bank
- textile traders cooperative bank limited
- the a.p. mahesh cooperative urban bank limited
- the akola district central cooperative bank
- the andhra pradesh state cooperative bank limited
- the bank of nova scotia
- the baramati sahakari bank ltd
- the cosmos co operative bank limited
- the delhi state cooperative bank limited
- the gadchiroli district central cooperative bank l
- the greater bombay cooperative bank limited
- the gujarat state cooperative bank limited
- the hasti coop bank ltd
- the jalgaon peopels cooperative bank limited
- the kangra central cooperative bank limited
- the kangra cooperative bank limited
- the karad urban cooperative bank limited
- the karanataka state cooperative apex bank limited
- the kurmanchal nagar sahakari bank limited
- the mehsana urban cooperative bank
- the mumbai district central cooperative bank limit
- the municipal cooperative bank limited
- the nainital bank limited
- the nasik merchants cooperative bank limited
- the navnirman cooperative bank limited
- the pandharpur urban co op. bank ltd. pandharpur
- the rajasthan state cooperative bank limited
- the royal bank of scotland n v
- the seva vikas cooperative bank limited
- the shamrao vithal cooperative bank
- the sindhudurg district central coop bank ltd
- the surat district cooperative bank limited
- the surath peoples cooperative bank limited
- the tamil nadu state apex cooperative bank
- the thane bharat sahakari bank limited
- the thane district central cooperative bank limite
- the varachha cooperative bank limited
- the vishweshwar sahakari bank limited
- the west bengal state cooperative bank
- the zoroastrian cooperative bank limited
- tjsb sahakari bank limited
- tumkur grain merchants cooperative bank limited
- uco bank
- ujjivan small finance bank limited
- union bank of india
- united bank of india
- united overseas bank limited
- utkarsh small finance bank
- vasai vikas sahakari bank limited
- vijaya bank
- westpac banking corporation
- woori bank
- yes bank
- zila sahakri bank limited ghaziabad
More Banks