Features

IOB CORP SALARY ACCOUNT

(For Employees whose Gross Salary is up to Rs.50,000/-)

IOB PREMIUM CORP SALARY ACCOUNT

(For Employees whose Gross Salary is Rs.50,001/- and above)

Target Segment

Employees of Corporate Institutions, MNCs, IT Industries including Service organizations such as hospitals, hotels, transport corporations etc.(Minimum 25 employees of the corporate)

Eligibility

Individuals working in Corporate Institutions, MNCs, IT Industries including Service organizations such as hospitals, hotels, transport corporations etc.

Age Group

Between 18 to 60 years

Minimum Balance

Account can be opened with Zero balance(Average Quarterly Balance up to

Rs.50,000/)

Account can be opened with Zero balance (Average Quarterly Balance

Rs.50,000/- and above)

Liquid Deposit

Facility

NIL

If the quarterly average balance is above Rs.50, 000, the balance exceeding Rs.1,00,000 will be swept out and kept in TD.(As per our flexi deposit norms)

Free Features

1. Free Internet banking Enrollment

2. Free Mobile banking Enrollment

3. Free within the Bank(CBS) Transactions

4. NIL Cash Handling Charges

5. No Charges for Stop Payment of Cheques

6. Free Passbook

7. Free Funds Transfer through RTGS/NEFT(One Per Month)

8. Free SMS alerts on transactions(Debit/Credit)

9. Free Standing Instructions

Rate of Interest

As Applicable to Regular SB account

(The interest is calculated on daily basis and credited to the account on quarterly basis)

ATM Cum Debit Card

Rupay Classic Card - NO Issuance Charges (to be handed over with welcome kit)

Additional 01 Add on card

(Limit for add on card can be decided by the Primary

account holder)

Rupay Platinum Card - NO Issuance Charges

Additional 01 Add on card (Rupay Classic Card) (Limit for add on card can be decided by the Primary account holder

Transaction at

ATM/PoS /

E Commerce

Maximum Rs.30, 000/- per day in ATM.

Maximum Rs.75, 000/- per day in PoS (Point of Sale)/E Commerce.

Personal Accident Insurance

(Death / Permanent Disability @ free of cost)

1. Self (Rs.1 lakh)

2. Spouse (Rs.50,000)

(additional coverage)

1. Self (Rs.2 lakh)

2. Spouse (Rs. 1 lakh) (additional coverage)

Cheque Book

Free Non - Personalized Cheque book with 60 leaves (OR)

Free Personalized Cheque book with 60 leaves

Free Non - Personalized Cheque book with 100 leaves (OR)

Free Personalized Cheque book with 100 leaves

Credit Card

Credit card with a base limit of Rs. 20,000 (NO Issuance Charges)

Credit card with a base limit of Rs.

50,000 (NO Issuance Charges)

Overdraft Facility (OD can availed

after 03 months Salary credit)

(Provided the customer's account is satisfactory and without adverse comments in CIBIL Report)

Other ADD on Features

1. SOLVENCY CERT - NO DISC.

2. SAFE CUSTODY ARTICLES - NO DISC.

3. LOCKER RENT - NO DISC.

4. DD CHRGES - NO DISC.

5. MEDICINE - NO DISC.

6. FMCG APOLLO - NO DISC.

7. HEALTH INSURANCE - 15L NOMINAL CHRGES

8. IOB SURAKSHA - 10 Lakh AT NOMINAL COST

1. SOLVENCY CERT - CHRGS FREE

2. SAFE CUSTODY ARTICLES - FREE OF COST

3. LOCKER RENT - 50% DISCOUNT - IST YEAR

4. DD CHRGES - UP TO 50K(PER YEAR) COMMISSION FREE

5. MEDICINE - 10% DISCOUNT

6. FMCG APOLLO - 5% DISCOUNT

7. HEALTH INSURANCE - 15L NOMINAL CHRGES

8. IOB SURAKSHA - 10Lakh AT NOMINAL COST

Basic Features

1. Zero balance a/c and free unlimited transactions across ATMs of any bank.

2. Free Debit card/ATM card

3. Free Cheque Book

4. Free Internet Banking and Mobile Banking

5. Free monthly a/c statements through Emails.

Special Features

1. Liquid deposit facility (auto sweep of funds)

2. Attractive offers on Locker Charges/Retail loans/Demat accounts

3. Free issuance of Dratfs/Multicity Cheques

4. Free NEFT/RTGS (01 per month)

5. OD up to 02 months net salary

6. Earn points through IOB Rewardz

7. Free Life time credit card (No Issuance Charges)

8. Lounge Access/Cash back offer for usage of IOB Debit card/credit card

9. Personal Accident Insurance (Death)Coverage.