Rates At a glance

Rates At a glance
Indian Overseas Bank
RATES AT A QUICK GLANCE
Deposit Accounts
NATURE
RATE OF INTEREST
MINIMUM BALANCE
 
NORMAL
SENIOR CITIZEN
Rural
Semi Urban
Urban
ACCOUNT
 
 
 
 
 
1. Savings Bank A/c.
 
 
 
 
 
A. Domestic
 
 
 
 
 
a. With cheque book facility
4.00
4.00
500.00
500.00
1000.00
b. Without cheque book facility
4.00
4.00
100.00
100.00
500.00
c. No Frills Account
4.00
4.00
5.00
5.00
 
B. Non Resident
 
 
 
 
 
a. NRO
4.00
4.00
 
 
 
b. NRE
4.00
4.00
 
 
 
2. Term Deposit Interest Rates (w.e.f. 19.11.2014)
 

Up to

Rs 1 Crore

7 days - 14 days *
 7.25
15 days - 29 days
7.25
30 days - 45 days
7.25
46 days - 60 days
7.25
61 days - 90 days
7.00
91 days - 120 days
7.25
121 days - 179 days
7.50
180 days - 269 days
8.25
270 days -< 1 year
8.50
1 yr - < 2 yrs   
8.75
2 yrs to 3 yrs
8.75
> 3 Yrs - < 5 Yrs
8.75
5 Yrs & above
 8.75
 
Interest rates for senior citizens:
For resident senior citizens, additional interest rate on term deposits will be 0.50% (w.e.f 7.12.12) over the card rates for deposits for a period upto 10 years in the name of the depositor . For Special Deposits exceeding Rs.25 lakhs, the card rate alone will apply, without the benefit of additional interest rate.
For Unfixed Deposit Scheme: Additional interest of 0.50% for senior citizens will not be applicable.
* Minimum Amount Rs 1 Lakh
** Interest Rates are only indicative and customers to contact the nearest branch for deposits of Rs. One Crore and above.
IOB Tax Saver Deposit Scheme:  9.00% p.a.
 

 

Rates for Bulk Domestic Deposits as on 28.11.2014

 Period of Deposit

Rs.1 Cr. to <10 Crs  
7-14 days                7.00 
15 -29 days                7.25
30–45 days                7.25
46–60 days                7.25
61–90 days                7.00
91days-120 days                7.25
121days-179 days                7.50
180 days–269 days                7.50
270 days --< 1 yr                8.00
1yr                                                   8.50
>1 yr -< 2 yrs                8.50
2 yrs  to 3 yrs                8.25
>3 yrs -< 5 yrs                8.30
5 yrs & above                8.30
Rates Valid  Up-to
28.11.2014
 For Deposits of Rs. 10 Cr  & above, Branches to obtain rates and permission from Treasury Domestic Department(through their Regional Offices)
 
2. Term Deposit Interest Rates
 
B. Non Resident Account
 
NRE (All Maturities)
W.e .f  19.11.2014 W.e .f   19.11.2014
                  Period
For Amount Less than Rs 1 Cr
Interest rates % p.a.

 For Amount Rs.1Cr      and above          Interest Rate  % p.a

1 Year to less than 2 years
8.75

 Refer Branch

2 Years to 3 Years
8.75

Refer Branch

> 3 years to less  than 5 years   
8.75

Refer Branch

5 years up to 10 years    8.75

Refer Branch

 
2. Term Deposit Interest Rates
C. FCNR (B)
INTEREST RATES ON FCNR DEPOSITS FROM 01.11.2014 TO 30.11.2014
Maturity Period
USD
GBP
EUR
JPY
CAD
AUD
CHF NZD SGD
One Year and above but less than Two Yrs
2.34
2.71
2.21
2.17
3.46
4.72
2.07 5.77 2.40
Two yrs and above but less than Three Yrs
            2.72
3.11
2.24
2.16
3.46
4.77
2.02 5.91 2.71 
Three Years and above but less than four years
4.14
4.39
3.29
3.17
4.63
5.86
3.07 7.03 4.10
Four Years and above but less than five years
4.48
4.61
3.36
3.20
4.81
6.08
3.14 7.12 4.44 
Five years only
4.76
4.79
  3.47
3.24
4.97
6.17
3.21 7.17 4.68
INTEREST RATES FOR RFC DEPOSITS FROM 01.11.2014 TO 30.11.2014
 
USD
GBP
EUR
JPY
CAD
AUD
     
SAVINGS BANK
0.50
0.70
1.00
0.00
1.00
2.50
     
Six Months and above but less than One year
1.00
1.50
1.50
0.00
1.50
3.00
     
One year and above but less than Two years
2.34
2.71
2.21
2.17
3.46
4.72
     
Two years and above but less than Three years
2.72
3.11
2.24
2.16
3.46
4.77
     
Three years only
4.14
4.39
3.29
3.17
4.63
5.86
     
 RFC(D) does not carry any interest. It can only be a current account
 
 
 Interest Rate for Various Retail Loans : Click Here
Indian Overseas Bank
Services Charges
FEE based service charges
1. Lockers
Type
Size in Cubic / Inches
Rural / Semi Urban
Metro / Urban
A
539
460
870
B
858
660
1170
C
1186
760
1430
D
1337
870
1530
E
1872
1170
2040
F
2767
1480
2600
G
2843
1780
2600
H
3986
2190
3570
H1
1828
1170
1830
K
6412
3310
5450
L
6296
3310
5450
L1
4671
2600
4130
L2
6117
3310
5450
 
2. Credit Cards
Amount of Charges / Interest
Card Membership/Joining Fee
NIL
Photocard
Rs.100/- ( only once )
Annual Fees
NIL
Hot listing charges
NIL
Replacement Card
Rs.100/-
Duplicate statement copy
Rs.50/-
Charge slip copy
Rs.100/-
Original Charge slip
Rs.300/-
Late Fee
Rs.100/-
Interest on Roll over credit
24% (annualised)
Cash Advance Fee
Rs.22.50 per Rs.1000/- or part thereof 
Cash Advance Interest
24% ( annualised ) from the date of withdrawal till settlement date
Chages for Cash withdrawl from other Bank's ATM ( VISA )
 Free upto five transactions per month thereafter Rs. 20 per transaction.
Foreign Currency transactions
2.5% on the transaction value
 
 
3.Debit Cards
 
International Debit Card
NIL
 
 
  REMITTANCES - (DDs/MTs/TTs)                                     
Amount of the Instrument
CHARGES (Rs.)
 
Non-Individuals
Individuals-Rural
Individuals Non-Rural
Upto & inclusive of Rs. 1000/-
31
15
20
Above Rs. 1000/- upto Rs. 5000/-
31
20
25
Above Rs. 5000/- upto Rs. 10000
31
20
31
Above Rs. 10000/- upto Rs. 1 Lakh
2.55 per 1000/
Minimum of Rs. 31
1.80 per 1000/
Minimum of Rs. 25
2.30 per 1000/
Minimum of Rs. 31
Above Rs. 1 Lakh
2.30 per 1000/
Minimum of Rs. 255/ and
Maximum of Rs. 11,350/
1.55 per 1000/
Minimum of Rs.180/ and
Maximum of Rs. 11,350/
2.05 per 1000/
Minimum of Rs. 230 and
Maximum of Rs. 11,350/
 
 
Outward/ Inward collection of cheques/ instruments
 
For SB account holders:
Amount of the Instrument CHARGES (Rs.)
Upto & inclusive of Rs.5000/- Rs.29/ per instrument
Above Rs.5000/ and up to and inclusive of Rs.10,000/ Rs.56/ per instrument
Above Rs. 10000/- upto Rs. 1,00, 000/- Rs.112/ per instrument
 Above Rs. 1,00, 000/- Rs.168/ per instrument
 
 
 
 
 
 
 
 
 
 
 
For other accounts:
 
Amount of the Instrument CHARGES (Rs.)                                                                                
Upto Rs.10000/- Rs.6/ per 1000 with a minimum of Rs.22/ and maximum of Rs.56/
Above Rs.10000/ and up to Rs.1,00,000/ Rs.112/ per instrument
Above Rs. 1,00, 000/- Rs.168/ per instrument
 
 
 
NEFT
Type of transaction
Service Charges (Rs)
NEFT- INWARD
Nil
NEFT-Outward
Up to Rs. 1 lakh
Rs. 6/-
Above Rs. 1 Lakh up to Rs. 2 lakh
Rs. 17/-
Above Rs. 2 Lakhs
Rs. 29/-
 
 
RTGS
Type of transaction
Service Charges (Rs)
RTGS INWARD
NIL
 

RTGS-Outward
Time of Settlement at RBI(w.e.f 01.10.2011)
 9:00 to 12:00 hrs
 After 12:00 to 15:30 hrs   
 After 15:30 hrs

From Rs. 2 lakhs up to Rs. 5 lakhs
 
Rs. 28/-            
   
    Rs. 29/-            
  
Rs.34/-     
Above Rs. 5 Lakhs
Rs. 56/-     
    Rs. 57/-      
 Rs. 62/- 
 
Charges for Bills/ Cheques Returned Unpaid
 Category
Service Charges
Local Cheques/bills (both Inward/ Outward)
 
For Cheques Outward  
                                    
For bills both Outward/ Inward                         
.

Rs.51/             

  Rs.51/                

Cheques Inward:


Up to Rs.25000/  
> Rs.25,000 upto Rs. 1 lakh                            
> Rs. 1 lakh up to Rs. 10 Lakhs   
                    
> Rs.10 Lakhs up to Rs. One Crore
               
> Rs. One Crore         

 
Rs.31/
Rs.51/
 
Rs. 76/
 
Rs.102/
 
Rs.153/ for first three returns and
Rs.204/ thereafter
 

For  outward Outstation Cheques
Upto & inclusive of Rs.10000/-  Rs.6/ per 1000/ with a minimum of Rs. 22/ and Maximum of Rs. 56/
Above Rs. 10000/- upto Rs.1,00,000/- Rs.112/ per instrument
Above Rs. 1,00,000/ Rs.168/ per instrument
 

Cheque Book Issue

Issue of Cheque Books–Savings Accounts i. Rs.2.55 per cheque - MICR Centres
  ii. Rs.1.55 per cheque - Non-MICR Centres
  iii. One cheque with 25 leaves free
Issue of Cheque Books – Current Accounts i. Rs.3.05 per cheque - MICR Centres
  ii. Rs.2.00 per cheque - Non-MICR Centres
 
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