After demonetisation in india, Use of Indian Overseas Bank Debit Card, Credit Cards, UPI payments, and online banking has increased significantly. Indian Overseas Bank is well known Bank in India. Indian Overseas Bank provide various services to its retail as well as corporate Bank customers. Indian Overseas Bank Bank Account holders can avail services like Fund transfer, Bill Payment, Apply for a new Indian Overseas Bank Debit Card, Apply for a new Indian Overseas Bank Credit Card, open a new FD/RD account and book tickets and much more without paying any additional charges or fees provided that they have an internet connection and their mobile number is registered with the Indian Overseas Bank.
Rai Bahadur Lala Sohan Lal the first Chairman of the Bank, founded Indian Overseas Bank popularly also know as Indian Overseas Bank Bank in 1943 in Lahore. Within four years of its coming into existence, Indian Overseas Bank had to face Partition. The bank had to close down its branches in the newly formed Pakistan and shift its registered office from Lahore to Amritsar. The bank was nationalised on 15 April 1980. At that time, Indian Overseas Bank ranked 19th among the 20 nationalised banks.
As per March 2018 - 2019 annual report, Indian Overseas Bank has 2390 branches and 2625 ATMs pan India. On 30 August 2019, Finance Minister Nirmala Sitharaman announced that the Indian Overseas Bank and United Bank of India would be merged with Punjab National Bank.
Indian Overseas Bank offer a wide range of debit cards to their customers to choose.
Indian Overseas Bank debit card come with a wide range of benefits for its bank customers. Using this Card, ATM Services and purchase facility at Point Of Sale (POS) Terminals can be availed by the Indian Overseas Bank Card Holders. ATM Card holder of our Bank is also able to use ATMs of NFS and VISA member Bank
Indian Overseas Bank - Indian Overseas Bank: offers different types of debit cards choose from the list given below based on your preference and charges and advantages you are getting with these Indian Overseas Bank Debit Cards.
Indian Overseas Bank IOB has tie up with Visa / RuPay / Master Cards for its Debit Card Program. Customers can use these cards for drawing cash not only in our Banks ATMs, but also in any Banks ATM that display the Visa / RuPay / Master Card logo. The Bank, in its constant endeavor to enhance customer service, has already tied up with a consortium of Banks under the banner of NFS by which customers can access their individual accounts from all ATMs. In addition, the cards can also be used through secured electronic payment gateways for e-commerce / Internet payments.
|RUPAY -PLATINAUM||Rs. 150/-|
|Automatic renewal on expiry of validity period.||Free|
|RUPEE -PREPAID CARDS||Rs. 75/-|
|SB-Gold,SB Silver, SB Student,SB Arogiyamahila,SB DEFNON,SB DEFCOM, BSBDA,BSBDS ,Corporate salary accounts,CD-Classic and CD - Supreme, PMJDY, ?No service charges for debit cards (it is free).Welcome kit free with first time issuance. Free for HNI and accounts with Average Balance above Rs. 50,000/-.|
|b)||Replacement Charges at customer request.|
|RUPAY -PLATINUM||Rs. 150/-|
|c)||Annual maintenance charges for second year|
|RUPAY -PLATINUM||Rs. 150/-|
|RE - PIN ( PHYSICAL )||Rs. 50/-|
|Re-pin(green pin)||Rs. 20/-|
|PIN - RESET( pin tries exceed) other than mandated charges required||Rs. 10/-|
|Savings Bank( other Bank ATM Charges for SB Silver and SB Gold - No restriction on number of withdrawals -All are Free)||Free-3 transactions (financial & non-financial) per month in 6 metros (Chennai, Delhi, Mumbai, Kolkata, Hyderabad & Bangalore). Free - 5 transactions per month in other centres Thereafter Rs. 20/- per transaction|
|For other account holders:||NO FREE Transaction- For all Transactions Rs. 20/- per Transaction|
|f)||Cheque Book request through ATM||Rs. 55/-per request|