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Personal Banking

Last Updated on: 18/03/2023

IOB - SB Silver- II

We Offer this Special Product for Individuals Employed in Reputed Companies Among Public/Private Sector, Government, Software Companies etc. You Get Various Concessions for an Average Daily Balance of Rs. 5000/- Over the Last Three Months.


All Individuals Including those Employed in Reputed Companies, Among Software, Public / Private Sector, Govt.


While opening the account, the account can be opened with '0' balance. The account provides certain concessions and in order to be eligible for the concession, Quarterly Average Balance should not be less than Rs. 5,000/-


  • ATM card on day one
  • International Debit Card Issued without charges
  • Free Internet banking & Mobile Banking facility
  • Monthly account statements over E-mail
  • Free SMS alerts for daily transactions
  • Transfer of funds through RTGS without charges
  • Transfer of funds thro' NEFT without charges
  • Personalised cheque books with name printed free of cost
  • Personal Accident Insurance covers of Rs. One lakh free of cost
  • Demat account opening charges free
  • Online Tax payment free of cost
  • Online bill payment facility
  • Facility for Family Health Insurance

Sweep Facility:

  • Facility for automatic transfer of balance in SB to Term Deposit – If the quarterly average balance is Rs.25000/- and above, this facility is offered, where in the balance exceeding Rs.35000/- will be swept out in units of Rs.2000/-and kept in TD. When the balance goes down below the minimum requirement, adequate number of units will be closed and transferred to SB on a last in – first out basis.