Current Deposit Schemes Current Deposit Schemes are cheques operated accounts primarily meant for businessmen, firms, companies,  public enterprises etc. that have numerous daily banking transactions. In Indian Overseas Bank, we offer the following Current account schemes:- Regular Current Account                                                                     IOB CD – Classic IOB CD – Super Get a Personal Accident Insurance cover of Rs. One lakh. Click here for more details Want to open a current account with us. Click here to download the application form