|IOB Savings Bank Gold II|
|Average Daily Balance||At least Rs. 1 lakh spanning the recent 3 months|
|Personal Accident Insurance||Rs. 5 lakhs|
IOB (Indian Overseas Bank) Gold II savings account is a specialized product for professionals such as CAs, lawyers, doctors, and people working in software firms/MNCs, high net worth individuals, and others. The average daily balance over the last 3 months should not be less than Rs. 1 lakh. It comes with additional facilities such as equity trading, bill payment, International Debit Card, mobile banking, Demat account, personal accident insurance, and others.
In this post, we will discuss IOB Gold II Savings Account features, sweep facility, eligibility criteria, interest rate, banking on app, doorstep banking service, and frequently asked questions.
Here are the features of the IOB Savings Account:
If the average balance for a quarter in the SB account is Rs. 1 lakh and more, then the exceeding amount is over Rs. 1,25,000 can be swept out into a term deposit in the units of Rs. 2,000. In case the balance (minimum) drops in the savings account, then the shortfall amount is then swept out from the term deposit to the SB account, on a last in – first out basis.
The eligible individuals are professionals such as lawyers, Chartered Accountants, doctors, executives employed in MNCs/public or private sector/software companies, high net worth individuals, business people, IPS, IAS, CEOs, and more.
Here are the details for this IOB Savings Account interest rate:
|Interest Rate||Minimum Balance|
|Features||Balance Up to Rs. 25 Lakhs||Balance Above Rs. 25 Lakhs||Urban||Semi-Urban||Rural||SB Account for Pensioners||Other Accounts|
|Savings Bank Account|
|a. Along with cheque book||3.05||3.05||1000||500||500||250||1000|
|b. With no cheque bookt||3.05||3.05||500||100||100||5||500|
|c. No-frills account||3.05||3.05||5||5|
Read more to know the benefits of Indian Overseas Bank Mobile Banking:
Here are the features of the Indian Overseas Bank Savings Account:
Here are the IOB Savings Account Gold II FAQs:
Here are the documents you need:
Cashless purchases or online payments with International Debit Card, a multi-city cheque book that can be accessed from Magnetic Ink Character Recognition Code (MICR) centers, mobile and internet banking for paying taxes, bills and more, chequebook with subscriber's name printed, and opening a Demat account.
You can easily keep a track of your bank account, as the bank sends monthly to your registered email address. You will also receive a quick notification on your registered mobile number on making a transaction.
The Savings Bank Gold II account provides an online equity trading option where you can maximize investments.
IOB Savings Gold II account holders can use the privilege of an Overseas Travel Card without any charges to travel abroad without any hassle.