Indian Overseas Bank Overview
Indian Overseas Bank was incorporated in the year 1937. Indian Overseas Bank is one of the major Indian banking institutions and it is based in Chennai. Indian Overseas Bank has six branches outside India and 1,400 branches in India.
Indian Overseas Bank Products
Indian Overseas Bank deals in the following products:
Investment Vehicles
Loans
Savings
Credit Cards
Indian Overseas Bank Deposit Schemes
Indian Overseas Bank offers its customers the following deposit schemes:
- 'Vardhan' - Senior Citizen deposit
- Saving Bank Deposits
- Multiple Deposit Account II
- No Frills SB Accounts
- Permanent Income Plan
- Current Account
- Wedding Deposit
- Fixed Deposit
- Varshik Aai Yojana
- Reinvestment Deposit
- Sanjeevi Deposit
- Recurring Deposit Account
- Education Deposit
- Annuity Deposit Plan
- Easy Deposit
- Multiple Investment Scheme
- Golden Jubilee Cash Certificate
- Cumulative Benefit Deposit
- Floating Rate Deposit
- Multiple Deposit Account I
Indian Overseas Bank Loan Schemes
Indian Overseas Bank furnishes its customers with the following loan schemes:
- Pushpaka Loan Scheme
- Home Decor
- NRI Home Loan Scheme
- Sanjeevini
- Personal Loan
- Sahayika
- Home Improvement Scheme
- Akshay
- Shubh Yatra
- Clean Loan
- Subha Gruha Scheme
- Retail Trade
- Vidya Jothi Scheme
- Alankaar Scheme
- Liquirent
Indian Overseas Bank Agri Business Consultancy
Indian Overseas Bank offers the following services in the Agri Business Consultancy section:
- Conduct of Feasibility Studies
- Preparation of Project Appraisal Reports
- Conduct of Market Studies
- Formulation of Rehabilitation Package for Sick Agro Units
- Preparation of Detailed Project Reports
Indian Overseas Bank 8% Savings Bond Scheme – 2003 (Taxable)
Following are the main characteristics of the 8% Savings Bond Scheme – 2003 (Taxable) offered by Indian Overseas Bank:
- Bonds are not transferable either wholly or in part
- Tax shall be deducted at source
- Bonds are issued in Demat Form called Bond Ledger Account
Indian Overseas Bank 6.5% Savings Bond Scheme – 2003 (Non taxable)
The 6.5% Savings (Non taxable) Bond Scheme – 2003 offered by Indian Overseas Bank has the following features:
- Bonds are not transferable either wholly or in part except by way of Gift
- Provision for Premature encashment after minimum lock-in period of 3 years
- Bonds are issued in Demat Form called Bond Ledger Account
Indian Overseas Bank also offers Forex Collection Services and Rupee Conversion Services.
Contact Details:
Indian Overseas Bank
Head Office
763 Anna Salai
Chennai - 600 602