Indian Overseas Bank Savings Account Minimum Balance Requirement
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) |
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