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Last Updated on 07/11/2019
IOB Premium Corporate Salary Account

Minimum Balance:

Can be opened and maintained at Zero Balance as long as he/she associated with that organisation and receiving salary in the same account. (Average quarterly Balance Rs. 50,001/- and above)

Liqui Deposit Facility:

If the quarterly average balance is above Rs. 50,000, the balance exceeding Rs 1,00,000 will be swept out and kept in TD. (As per our flexi deposit scheme norms)

Special Features / Concessions:

  • Free Internet Banking & Mobile Banking
  • No Cash Handling charges
  • Free Stop Payment of cheques
  • Free Passbook
  • Free RTGS/NEFT facility
  • Free SMS alerts on transactions
  • Free Standing Instructions
  • FREE Rupay Platinum Card
  • 1 Personalised Cheque Book free with 100 leaves per annum
  • Free Personal Accident Insurance (Death/Permanent Disability) Coverage of Rs. 2.00 Lakhs for Self and an additional Coverage of Rs. 1.00 Lakh for spouse.
  • FREE Credit Card based with a base limit of Rs. 50,000. (Provided the customer satisfy the Bank requirements and eligibility norms)
  • Maximum of Rs. 50,000/- per day in ATM. Maximum Rs. 2,00,000/- per day in POS/E Comm
  • Up to Two months net salary at the rate of interest applicable to temporary overdraft facility. (Provided the customer’s a/c is satisfactory and without adverse comments in CIBIL report). (*EMI Options available – Repayable in 6 Months)
  • Free monthly account statements through emails
  • 50% concession in processing charges for Retail Loans: Housing Loan, Vehicle Loan. (For the 1st Loan)
  • No documentation charges for retail loans. (For the 1st Loan)
  • 100% waiver of Demat account opening charges
  • IOB Suraksha – Accidental Death Coverage of Rs. 10.00 Lakhs for a nominal premium
  • Health Insurance coverage up to Rs. 15.00 Lakhs at nominal premium
  • Free Domestic Airport Lounge access – 2 times per calendar quarter
  • Concierge Services like Priority customer service available 24X7, IT returns assistance and Investment/Insurance consultancy etc. Toll Free number 18002678729 (Charges as per NPCI)
  • Free Zero Balance account for Spouse. (Subject to fulfillment of KYC guidelines)
  • Cash Back/Discounts: (Subject to terms and conditions of NPCI and the purchases should be made through IOB Card/at least one airline ticket booked through IOB Credit/debit card in a quarter):
    5% cash back on utility Bills.
    Apollo FMCG – 15% off
    Medicines – 10% off (except DPCO drugs) o FMCG products – 5% off
  • 50% discount on locker rent for 1st year.(Subject to availability of locker or registration priority)
  • Safe custody of articles at free of cost
  • Solvency certificate free of cost
  • Unlimited & Free DD (only if issued to the debit with a ceiling of Rs. 50,000 per year)
  • Instant Credit of Outstation cheques up to Rs 30,000/-

Remarks:

(In Case of Retirement / Switch Over to the other organisation the A/c will be treated as Regular SB A/c wherein he/ she would have to maintain the required balance)