Indian Overseas Bank
The Indian Overseas Bank is a large nationalised Indian bank. It has over 3,400 domestic branches in India, about 6 international subsidiaries and a representative office. The Finance Ministry of the Indian government owns The Indian Overseas Bank, situated in Tamilnadu, India, established by M. Ct in February 1937.
Indian Overseas Bank Offerings
The Bank offers different kinds of loans and also additional facilities for its customers. The following are some of the offerings of the Bank:
- Net banking
- Credit Cards
- Debit Cards
- Gold Loan
- Car Loan, etc.
Indian Overseas Bank Loans Offered
The loans offered by the Bank are mentioned below:
Indian Overseas Bank Gold Loan
The advantages of the Gold Loan offered by this Bank are mentioned below:
- Affordable interest rates
- No need to provide security
- Processing fee- 2-3%
- Less documentation
- Approved within 30 minutes
- Tenure of repayment- 1-5 years
Indian Overseas Bank Personal Loan
The advantages of the personal loan offered by this Bank are mentioned below:
- Affordable interest rates
- No need to provide security
- Processing fee- 2-3%
- Less documentation
- Approved within 30 minutes
- Tenure of repayment- 1-5 years
Indian Overseas Bank Car Loan
The car loan offered by the Bank is summed up in the following points:
- Age limit- 21 years to 65 years
- Interest rate- 7%
- Penal interest- 2%
- Documentation charge- Rs. 500/-
- Credit score- above 750
- The processing fee is non-refundable
Indian Overseas Bank Home Loan
The advantages of the home loan offered by the Bank are mentioned below:
- Interest rate- 9.99%
- Tenure of the loan- 30 years
- Processing fee- 1-2%
- Minimal documentation
- Flexible repayment options
Indian Overseas Bank Credit Card
To give farmers easy, appropriate and expedited loans for various needs relating to agriculture and associated activities, the Bank has launched the credit card facility. The card’s credit limit is calculated according to the scale of the Bank. Furthermore, safety standards shall be applicable in line with direct agriculture instructions given by the Bank.
Indian Overseas Bank Net Banking
To give farmers easy, appropriate and expedited loans for various needs relating to agriculture and associated activities, the Bank has launched the net banking facility. The netbanking facility can be used to operate a bank account remotely and any transaction can be made 24*7.
Indian Overseas Bank Customer Care Number
If a person wishes to contact the Bank, they can quickly reach the Bank at 1800-103-3470, free of charge. You may also contact the Bank using your email ID or even visit the bank location for any problems.
How To Open A Savings Account in Indian Overseas Bank?
If you want to open a savings bank account in this Bank, follow the steps mentioned below:
- Visit the bank branch.
- Fill up the Account Opening Form for the savings account
- Attach the required documents.
- The banker will do the verification.
How To Open A Current Account in Indian Overseas Bank?
If you want to open a current bank account in this Bank, follow the steps mentioned below:
- Visit the bank branch.
- Fill up the Account Opening Form for the current account
- Attach the required documents.
- The banker will do the verification.
Indian Overseas Bank FAQs
✅ How can I check my account balance?
You can give a missed call on 0385-2451590 from your registered mobile number, and you will get an instant SMS regarding your account balance.
✅ Is it a Nationalised Bank?
The Bank has several branches, out of which 41 are nationalised banks and only 29 are of the Region Rural banks.
