IOB – Savings Bank Silver I
Savings Bank Silver I account scheme by Indian Overseas Bank facilitates those individuals employed at any known software firms, any public or private sector organizations or at any government led institutions. It is a zero balance account but requires a minimum quarterly average balance of Rs 5000 to avail the banking benefits.
IOB Savings Bank Silver I Account Features
An international Debit card is issued to the subscriber for free for making easy and secure cashless transactions and online payments.
The subscriber will get regular updates on his/her account details via the subscriber's registered email ID and an SMS will be send to the subscriber's registered mobile number whenever he/she makes a transaction.
Savings Bank Silver I account scheme provides with the facility of using an ATM of any bank for transaction without any charges.
It makes payment of utility bills and tax payments a much easier task with the likes of internet banking. The subscriber can pay for water bills, electricity bills, school and college fees etc anytime conveniently.
The account holder in the NEFT network can make transactions to any bank account through NEFT & RTGS safely.
In case of regular salary earners, this scheme provides with overdraft facility where the subscriber can draw more money than the account holds up to one-month salary basis.
Savings Bank Silver I account provides its subscribers with anywhere banking solutions from any TBA/CBS branch.
The subscriber can be benefitted with Rs 1, 00,000 as a personal accident insurance coverage which will be provided after the death of the subscriber.
The account holder can avail benefits of a Family Health Insurance Policy.