Indian Overseas Bank Savings Account Minimum Balance Requirement

Account Minimum Balance Required
Regular Savings Bank For rural and semi-urban branches, minimum balance of Rs 100 must be maintained for non-cheque operated accounts; Rs 500 for cheque operated accounts. For all other branches, minimum balance of Rs.500 for must be maintained for non-cheque operated account and Rs.1000 for cheque operated account. For pension accounts, a minimum balance of Rs. 5/- must be maintained for non-cheque operated accounts and Rs. 250/- for cheque operated accounts.
IOB – Savings Bank Gold I Quarterly Average Balance of a minimum Rs 50,000 or more.
IOB – Savings Bank Gold II Quarterly Average Minimum Balance of a minimum Rs 1,00,000 or more.
IOB – Savings Bank Silver I Account can be opened with zero balance. However, in order to be eligible for certain concessions provided with this account, account holders must maintain a Quarterly Average Balance of not less than Rs 5,000.
IOB – Savings Bank Silver II Account can be opened with zero balance. However, in order to be eligible for certain concessions provided with this account, account holders must maintain a Quarterly Average Balance of not less than Rs 5,000.
IOB SB - Student Rs 500
IOB SB – Platinum Special Rs 750
Corporate Salary Account No minimum balance requirement.
Basic SB Deposit Account No minimum balance requirement.
IOB – Little Star Rs 100 (for non-cheque book holders)
MEET US

What Clients Say

Customer delight is our main goal and we are very serious about it.


Prakash Verma

Prakash Verma

“Finacbooks.com is a perfect example of a great customer service dealing with the best of accountancy services.“

Prakash Verma Signature


Praveen Chauhan

Praveen Chauhan

“They offered us good quality services in a least possible time at a best Price.“

Praveen Chauhan Signature


Pradeep Kochhar

Pradeep Kochhar

“Finacbooks.com is a trusted network of highly qualified accounting professionals who not only provided us quality accountancy services but also supported us by answering our each & every query on time without any delay. “

Pradeep Kochhar Signature

Informational, useful and resourceful

Blogs

Catch up our trending topics, news etc. in a simple, detailed and most professional way.

PM KISAN (Pradhan Mantri Kisan Samman Nidhi)
18 Oct, 2021

What is Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)? The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a Central Sector Scheme... Read More

E-way bill login portal
08 Oct, 2021

Use of E-way bill login portal The E-Way Bill's (EWB) purpose is to provide a single authorization for the global transportation of... Read More

E-way bill system
30 Sep, 2021

What is an E-way bill? An E-waybill is a receipt or a document provided by a carrier that contains information and instructions on the... Read More

Due Dates

  • Due date for deposit of tax deducted/collected for the month of September, 2021. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

    Oct 07th ,2021
  • Due date for deposit of TDS for the period July 2021 to September 2021 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H

    Oct 07th ,2021
  • GSTR-7 Summary of Tax Deducted at Source (TDS) and deposited under GST laws

    Oct 10th ,2021
  • GSTR-8 Summary of Tax Collected at Source (TCS) by e-commerce operators under GST laws

    Oct 10th ,2021
  • GSTR 1 for Sep 2021 (turnover more than INR. 1.50 Crore)

    Oct 11th ,2021
  • GSTR-6 Details of Input Tax Credit (ITC) received and distributed by an Input Service Distributor (ISD)

    Oct 13th ,2021