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Indian Overseas Bank

Founded in 1937, Indian Overseas Bank is a leading provider of consumer and commercial banking services in India. The bank is headquartered in Chennai, Tamil Nadu.

About Indian Overseas Bank (IOB)

Indian Overseas Bank was established in 1937. The founder of Indian Overseas Bank was Shri. M.Ct.M. Chidambaram Chettyar. The idea was to promote foreign exchange operations and overseas banking. At present, the Chairman and Managing Director of the bank is Shri S.A. Bhat.

Indian Overseas Bank has become a major public sector bank in India with 1,950 branches in India and 6 branches abroad. The bank is networked through 600 ATMs throughout the country. The overseas branches and representative offices of IOB are located in the following areas:

  1. Colombo
  2. Hong Kong
  3. Singapore
  4. Seoul
  5. Bangkok
  6. Malaysia
  7. China
  8. Vietnam
  9. Dubai

Products and services of Indian Overseas Bank

The products and services of Indian Overseas Bank are as follows:


Saving Bank

Regular Savings Bank

  1. No Frills Account
  2. IOB - Savings Bank Gold I
  3. IOB - Savings Bank Gold II
  4. IOB - Savings Bank Silver I
  5. IOB - Savings Bank Silver II

Current Account

  1. IOB-CD Classic
  2. IOB-CD Super

Term Deposit

  1. Fixed Deposit
  2. Reinvestment Deposit
  3. Gold Recurring Deposit
  4. Recurring Deposit
  5. Easy Deposit
  6. Education Deposit
  7. Floating Rate Deposit
  8. Vardhan Deposit
  9. Tax Saver Scheme
  1. Multiple Deposit Account I
  2. Multiple Deposit Account II
  3. Varshik Aai Yojana
  4. Multiple Invest Scheme
  5. Golden Jubilee Cash Certificate
  6. Sanjeevni Deposit
  7. Cumulative Benefit Deposit
  8. Annuity Deposit
  9. Deceased Claims

Retail Loans

  1. Consumption Loans-Sahayika
  2. Clean Loan
  3. Vehicle Loans- Phushpaka
  4. Educational Loans-VidyaJyoti
  5. Commercial Cash Credit against Jewellery

Home Loans & Mortgages

  1. Home Improvement Scheme
  2. Housing Loans - Subha Gruha
  3. Mortgages- Liquirent (Loan Against Rent Receivables)
  4. Mortgages- Home Dιcor
  5. NRI Home Loan
  6. NRI- Home Loans for Relatives of NRI
  7. Mortgages- Easy Trade Finance

Trade Credit

Depository Services

  1. DP Centres
  2. DP Forms
  3. Equity Trading
  4. DP Grievances

IOB Fine Gold

International VISA Cards

  1. Credit Card
  2. Insta Cash-International Visa Debit Cards


  1. Real Time Gross Settlement (RTGS)

Loans and Advances

Any Branch Banking

Multi City Cheque Facility

Insurance and Mutual Fund

  1. Life Insurance-IOB Jeevan
  2. IOB Health Care
  3. NRI Shield
  4. Liability Insurance

NRI Accounts

Non-Resident Ordinary (NRO)

  1. NRO-Savings Bank Account
  2. Non-Resident Ordinary (NRO)
  3. NRO-Term Deposit Account

Resident Foreign Currency Account (RFC)

Foreign Currency Non-Resident Accounts (Banks)

NRI Remittances

  1. US Dollar
  2. SWIFT Format
  3. Australian Dollar
  4. Gulf
  5. Newzealand Dollar
  6. Canadian Dollar
  7. Hong Kong Dollar
  8. Japanese Yen
  9. Singapore Dollar
  1. Norwegean Kroner
  2. Danish Kroner
  3. Swedish Kroner
  4. Great Britain Pound
  5. Euro
  6. Swiss Franc
  7. Money Home
  8. eCash Home
  9. extra_Money Home

Forward Cover

IOB Expo Gold Card

IOB NRI Shield

Corporate Banking

Micro Small & Medium Enterprises (MSME)

  1. Working Capital Loans
  2. Term Loan
  3. Loans For Professional and Self Employed

IT & Ites BPO

Medium & Large Industries

Merchant Banking

Cash Management Services-IOB STARS

Rural Banking


Priority Sector Lending

Rural Products

  1. Akshay
  2. Sanjeevini
  3. Credit Card (Laghu Udyami Credit Card)
  4. Housing - Credit cum subsidy for Rural Housing
  5. Credit Card Swarojgar
  6. IOB Credit Card (Artisan Credit Card)

Short Term Agricultural Loans

  1. Credit Card KCC
  2. New Kisan Credit Card
  3. Agri General Purpose credit card
  4. Kisan Green Card
  5. Agri Bike
  6. Agri Clinic
  7. Agri Land

Allied Activities Loans

Agricultural Medium Term Loans

Indirect Agriculture Loans

Financial Inclusion

  1. IOB-Sampoorna
  2. No Frills Savings Bank

Micro Finance-Self Help Groups

Agri Business Consultancy

PM 15 Point Program

  1. Priority Sector Advances
  2. Minority Concentration Districts

Agricultural Debt Waiver

Agricultural long Term Loans


SWIFT Centers

Forex Collection Services

Precious Metal Branches

Authorised Dealer Branches

Special Purpose Branches

Overseas Cash

Forex Card Rates (Suggestive)

Govt Business

E Payment of Indirect Taxes

E Payment of Direct Taxes

Sales Tax Collections

Pension Payment Scheme

8 Percent Savings Taxable Bond Scheme

Provident Fund Scheme 1968

Capital Gains 1988

Senior Citizen Scheme 2004

PAN and TAN Facilitation

Indian Overseas Bank Contact Details

763 Anna Salai, Chennai – 600002
Phone: +91-44- 28524212
+91-44- 28524212


Indian Overseas Bank


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