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Personal Banking

Last Updated on: 18/03/2023

IOB Eighty Plus SB


The product is designed for the Super Senior Citizens ie Senior Citizens with age 80 years and above.

Details Description

Name of the Product

IOB Eighty Plus - SB

Nature of the Product

Savings Bank account loaded with special features and concession in service charges.

Eligible Customers

All Super Senior Citizens with age 80 and above as on date of opening of account. Any valid KYC documents containing age/DOB as per existing KYC policy of RBI can be accepted as proof of age. Birth Certificate or any other valid proof containing age/ date of birth can also be accepted as proof of age.

Mode of operation

Self / E or S with spouse only / F or S with spouse only (Super senior citizen as primary account holder).


Permitted as per rules

Scheme Change

Existing Accounts can be converted  only on request.

Minimum Balance

No Minimum balance specification.

Rate of Interest

As applicable to regular savings account.

Special Features/ Concession in Service Charges Offered

  • Door-step Banking to the needy customers with the use of Business Correspondent.
  • Free Personalised Cheque book without any restriction.
  • Free Internet Banking Enrollment.
  • Free Mobile Banking Enrollment.
  • Hassle free submission of Life Certificate for Pensioners using Jeevan Praman / Biometric Platform using BC at their doorsteps.
  • Free SMS alerts for transactions. (Debit/ Credit)
  • Free Issuance of Debit Cards (Rupay Platinum) and 50% waiver of Annual Maintenance Charges from 2nd year onwards.
  • Free Medical checkup during annual camp organized by us in tie-up with Health insurance partners- Apollo Munich Insurance/Universal Sompo General Insurance.
  • Collection of TDS-Exemption Certificate (15H) through BC.
  • Delivery of TDS certificates through email / courier as desired by the customer.

And many more...