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)