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Deposit Accounts
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NATURE
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RATE OF INTEREST
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MINIMUM BALANCE
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NORMAL
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SENIOR CITIZEN
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Rural
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Semi Urban
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Urban
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ACCOUNT
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1. Savings Bank A/c.
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A. Domestic
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a. With cheque book facility
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4.00
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4.00
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500.00
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500.00
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1000.00
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b. Without cheque book facility
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4.00
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4.00
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100.00
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100.00
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500.00
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c. No Frills Account
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4.00
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4.00
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5.00
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5.00
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B. Non Resident
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a. NRO
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4.00
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4.00
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b. NRE
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4.00
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4.00
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2. Term Deposit Interest Rates (w.e.f. 13.02.2013)
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Up to
Rs 1 Crore
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7 days - 14 days *
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7.25
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15 days - 29 days
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7.25
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30 days - 45 days
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7.25
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46 days - 60 days
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7.25
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61 days - 90 days
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7.25
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91 days - 120 days
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7.25
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121 days - 179 days
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7.50
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180 days - 269 days
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8.50
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270 days -< 1 year
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8.50
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1 yr - < 2 yrs
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9.00
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2 yrs to 3 yrs
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9.00
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> 3 Yrs - < 5 Yrs
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9.00
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5 Yrs & above
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9.00
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Interest rates for senior citizens:
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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.
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IOB Tax Saver Deposit Scheme: 9.00% p.a.
Rates for Bulk Domestic Deposits as on 25.05.2013
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Period of Deposit
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Rs.1 cr. to <10 crs |
Rs.10 crs. and above |
| 7-14 days |
6.25 |
6.25 |
| 15 -29 days |
6.25 |
6.25 |
| 30–45 days |
6.25 |
6.25 |
| 46–60 days |
7.25 |
7.25 |
| 61–90 days |
7.25 |
7.25 |
| 91days-120 days |
7.50 |
7.50 |
| 121days-179 days |
7.50 |
7.50 |
| 180 days–269 days |
8.00 |
8.00 |
| 270 days --< 1 yr |
8.50 |
8.50 |
| 1yr -< 2 yrs |
8.75 |
8.75 |
| 2 yrs to 3 yrs |
8.50 |
8.50 |
| >3 yrs -< 5 yrs |
8.25 |
8.25 |
| 5 yrs & above |
8.25 |
8.25 |
| Rates Valid Up-to |
25.05.2013 |
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2. Term Deposit Interest Rates
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B. Non Resident Account
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NRE (All Maturities)
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W.e .f 13.02.13
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W.e .f 13.02.13 |
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Period
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For Amount Less than Rs 1 Cr
Interest rates % p.a.
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For Amount above Rs 1 Cr Interest Rate % p.a
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1 Year to less than 2 years
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9.00
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Refer Branch
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2 Years to 3 Years
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9.00
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Refer Branch
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> 3 years to less than 5 years
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9.00
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Refer Branch
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| 5 years up to 10 years |
9.00 |
Refer Branch
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2. Term Deposit Interest Rates
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C. FCNR (B)
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INTEREST RATES ON FCNR DEPOSITS FROM 01.05.2013 TO 31.05.2013
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Maturity Period
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USD
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GBP
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EUR
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JPY
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CAD
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AUD
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CHF |
NZD |
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One Year and above but less than Two Yrs
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2.70
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2.89
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2.40
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2.44
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3.76
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5.51
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2.25 |
4.69 |
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Two yrs and above but less than Three Yrs
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2.36
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2.59
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2.39
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2.27
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3.29
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4.78
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2.11 |
4.81 |
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Three Years and above but less than four years
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3.45
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3.65
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3.48
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3.30
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4.36
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5.92
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3.17 |
6.02 |
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Four Years and above but less than five years
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3.60
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3.75
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3.60
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3.35
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4.47
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6.12
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3.28 |
6.16 |
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Five years only
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3.82
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3.90
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3.75
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3.40
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4.59
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6.26
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3.39 |
6.30 |
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INTEREST RATES FOR RFC DEPOSITS FROM 01.05.2013 TO 31.05.2013
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USD
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GBP
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EUR
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JPY
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CAD
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AUD
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SAVINGS BANK
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0.50
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0.70
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1.00
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0.00
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1.00
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2.50
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Six Months and above but less than One year
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1.00
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1.50
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1.50
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0.00
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1.50
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3.00
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One year and above but less than Two years
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2.70
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2.89
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2.40
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2.44
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3.76
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5.51
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Two years and above but less than Three years
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2.36
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2.59
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2.39
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2.27
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3.29
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4.78
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Three years only
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3.45
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3.65
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3.48
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3.30
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4.36
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5.92
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LOANS (effective from 09.08.2012)
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BASE RATE FROM 01.05.2012 : 10.50%
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Rate of Interest
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Processing Charges
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Loans
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1.
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Housing Loan
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Upto Rs. 30 lakhs
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More than Rs.30 lakhs
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Floating Category
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Upto 5 years
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10.50
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11.00
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More than 5 yrs & Upto 10 yrs
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10.50
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11.25
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More than 10 yrs
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10.50
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11.50
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2.
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Personal Loan
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Clean Loan to salaried employees
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15.50
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3.
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Vehicle Loan
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Floating Rate of Interest
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Pushpaka Loans
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Up to 3 Years
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11.00
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>3 to 5 Years
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11.00
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4.
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Educational Loans
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Upto Rs. 4.00 lakhs
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Above Rs. 4.00 lakhs to Rs. 7.5 lakhs
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More than 7.5 lakhs
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For studies Inland and Foreign
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12.50
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13.75
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13.50
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Indian Overseas Bank
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Services Charges
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FEE based service charges
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1. Lockers
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Type
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Size in Cubic / Inches
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Rural / Semi Urban
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Metro / Urban
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A
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539
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460
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870
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B
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858
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660
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1170
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C
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1186
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760
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1430
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D
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1337
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870
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1530
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E
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1872
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1170
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2040
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F
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2767
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1480
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2600
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G
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2843
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1780
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2600
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H
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3986
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2190
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3570
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H1
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1828
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1170
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1830
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K
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6412
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3310
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5450
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L
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6296
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3310
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5450
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L1
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4671
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2600
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4130
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L2
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6117
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3310
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5450
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2. Credit Cards
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Amount of Charges / Interest
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Card Membership/Joining Fee
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NIL
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Photocard
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Rs.100/- ( only once )
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Annual Fees
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NIL
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Hot listing charges
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NIL
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Replacement Card
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Rs.100/-
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Duplicate statement copy
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Rs.50/-
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Charge slip copy
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Rs.100/-
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Original Charge slip
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Rs.300/-
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Late Fee
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Rs.100/-
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Interest on Roll over credit
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24% (annualised)
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Cash Advance Fee
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Rs.22.50 per Rs.1000/- or part thereof
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Cash Advance Interest
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24% ( annualised ) from the date of withdrawal till settlement date
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Chages for Cash withdrawl from other Bank's ATM ( VISA )
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Free upto five transactions per month thereafter Rs. 20 per transaction.
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Foreign Currency transactions
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2.5% on the transaction value
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3.Debit Cards
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International Debit Card
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NIL
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REMITTANCES - (DDs/MTs/TTs)
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Amount of the Instrument
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CHARGES (Rs.)
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Non-Individuals
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Individuals-Rural
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Individuals Non-Rural
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Upto & inclusive of Rs. 1000/-
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31
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15
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20
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Above Rs. 1000/- upto Rs. 5000/-
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31
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20
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25
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Above Rs. 5000/- upto Rs. 10000
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31
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20
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31
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Above Rs. 10000/- upto Rs. 1 Lakh
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2.55 per 1000/
Minimum of Rs. 31
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1.80 per 1000/
Minimum of Rs. 25
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2.30 per 1000/
Minimum of Rs. 31
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Above Rs. 1 Lakh
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2.30 per 1000/
Minimum of Rs. 255/ and
Maximum of Rs. 11,350/
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1.55 per 1000/
Minimum of Rs.180/ and
Maximum of Rs. 11,350/
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2.05 per 1000/
Minimum of Rs. 230 and
Maximum of Rs. 11,350/
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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 |
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NEFT
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Type of transaction
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Service Charges (Rs)
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NEFT- INWARD
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Nil
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NEFT-Outward
Up to Rs. 1 lakh
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Rs. 6/-
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Above Rs. 1 Lakh up to Rs. 2 lakh
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Rs. 17/-
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Above Rs. 2 Lakhs
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Rs. 29/-
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RTGS
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Type of transaction
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Service Charges (Rs)
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RTGS INWARD
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NIL
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RTGS-Outward
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Time of Settlement at RBI(w.e.f 01.10.2011)
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9:00 to 12:00 hrs
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After 12:00 to 15:30 hrs
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After 15:30 hrs
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From Rs. 2 lakhs up to Rs. 5 lakhs
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Rs. 28/-
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Rs. 29/-
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Rs.34/-
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Above Rs. 5 Lakhs
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Rs. 56/-
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Rs. 57/-
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Rs. 62/-
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Charges for Bills/ Cheques Returned Unpaid
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Category
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Service Charges
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Local Cheques/bills (both Inward/ Outward)
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For Cheques Outward
For bills both Outward/ Inward
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Rs.51/
Rs.51/
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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
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Rs.31/
Rs.51/
Rs. 76/
Rs.153/ for first three returns and
Rs.204/ thereafter
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For outward Outstation Cheques
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| 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 |
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Cheque Book Issue
| Issue of Cheque Books–Savings Accounts |
i. |
Rs.2.55 per cheque - MICR Centres |
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ii. |
Rs.1.55 per cheque - Non-MICR Centres |
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iii. |
One cheque with 25 leaves free |
| Issue of Cheque Books – Current Accounts |
i. |
Rs.3.05 per cheque - MICR Centres |
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ii. |
Rs.2.00 per cheque - Non-MICR Centres |
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