Indian Overseas Bank (IOB) Silver I Savings Account is for people employed with government departments, reputed companies, software firms, public and private sector. The average quarterly balance (AQB) limit is a minimum of Rs. 5,000. This will earn you several concessions as well. Simultaneously, you get the benefit of family health insurance, personal accident insurance, NEFT, RTGS, ATM Card, International Debit Card, payment of utility bills and tax, SMS alerts, and more.
In this post, we will discuss IOB Silver I Savings Account features, eligibility criteria, interest rate, mobile banking, doorstep banking, and frequently asked questions.
Here are the features:
All individuals are eligible to open this account if they are employed with recognized firms, the private/public sector, a software company, or any government organization.
Here are the details for this IOB Savings Account interest rate:
Here are the benefits of mobile banking on an IOB Savings Account:
Here are the doorstep banking services for IOB Savings Bank subscribers:
Here are the IOB Savings Account Silver I FAQs:
Here are the required documents:
Only salaried individuals from reputed companies private or public sector can access this IOB Savings Account.
You will receive a free-of-charge personal accident insurance cover of Rs. 1 lakh. You can also opt for family health insurance.
You can earn 3.05% interest on the daily balance on this IOB savings account.
Salaried employees can avail themselves of overdraft facilities. They can get credits for up to 1 month’s salary.
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