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Personal Banking

Last Updated on: 14/06/2023

IOB-Sixty-Plus-Non-Pensioner

Eligibility

The Account is Available for Resident Individual (Sole or Joint Account), Customers Above Age of 60 Years

Age

Above Age of 60 Years

Minimum Balance Requirement

Zero

Joint A/c Facility with Spouse

Yes

Doorstep Banking Facility to the Needy Customers with the Use of Business Correspondent / DDB Agent Appointed by Bank

Yes

Collection of TDS-Exemption Certificate (15 H) Through BC

Yes

Delivery of TDS Certificate Through BC/Email/WhatsApp/Courier as Desired by the Customers

Yes

Instant Credit of Outstation

Cheques up to

Rs. 20,000/-

Free Medical Check-up During Health Camp Organised by Our Tie up Insurance Companies

Yes

Dedicated Senior Citizen Desk at Branches,

There is No Need to Wait in a Queue

Yes

Free Value-Added Services Like SMS Alerts, Monthly E-mail Statements and Passbook Facility.

Yes

Internet & Mobile Banking Facility

Free

Type of ATM Card

VISA Classic/Rupay Classic

If the Customer Opts for the Cards with Higher Variant, The Same Shall be Provided Subject to Maintenance of Required Balance and Applicable Card Charges

Debit Card Charges

Issue Charge

Free

Annual Maintenance Charge

50% Waiver

ATM Cash Withdrawal Limit

Rs. 30,000/- Per Day Higher Cash Limit Available with Higher Variant Card Subject to Subject to Maintenance of Required Balance and Applicable Card Charges

POS Limit

Rs. 75,000/- Per Day Higher POS Limit Available with Higher Variant Card Subject to Subject to Maintenance of Required Balance and Applicable Card Charges

Ecom Limit

Rs. 75,000/- Per Day Higher Ecom Limit Available with Higher Variant Card Subject to Subject to Maintenance of Required Balance and Applicable Card Charges

Free ATM Card Access at Own ATM

Unlimited

Free ATM Card Access at Other ATM

3 Transactions (Financial + Non-Financial) Per Month at Metro or 5 Transactions (Financial + Non-Financial) Per Month at Other Centres

Lounge Access:

Domestic Airport

Available with Higher Variant Card Subject to Subject to Maintenance of RRequired Balance and Applicable Card Charges

International Airport

Free Personal Accident Insurance

With Account

Not Available

With Debit Card

Available with Higher Variant Card Subject to Subject to Maintenance of Required Balance and Applicable Card Charges

Fund Transfer Through NEFT

Through Online Free and 3 Per Month in Offline

Fund Transfer Through RTGS

Through Online Free and 3 Per Month in Offline

Fund Transfer Through IMPS

Free

Credit Card Subject to Bureau Score, Income Norms and Other Eligibility Criteria

Free Issuance

Personalized Cheque Book

25 Leaves Free Per Year

Demand Drafts

Waiver of Charges up to 3 Per Month to the Extent of Preceding Quarter Average Balance Available in the Account

Locker Operations

Unlimited Free

Concession on Locker Rent

10% Waiver

Processing Fee for Eligible Retail Loan (Other than Home Loan) Schemes

25% Concession

Stop Payment Instruction Charges

Free

Standing Instructions

Free

Utility Bill Payment, Online Tax Payment

Free

SWEEP OUT FACILITY

(Flexi Facility)

Available, If the Balance Exceeding Rs. 50,000/- Will Swept Out and Kept in TD

Core Deposit /Threshold Deposit

Rs. 50,000/-

Sweep Out Amount

Rs. 5,000/-

Sweep Out Periodicity

(From SB to FD Account)

Up to Rs. 179 days