Indian Overseas Bank (IOB) was established on 10th February, 1937 by Shri. M. Ct. M. Chidambaram Chettyar. It is a nationalized scheduled bank in India from public sector.
Term Deposit, Retail Loan, Home Loans, Mortgage, Depository Services, IOB Fine Gold, International Visa Cards, Saving Bank Account, Current Account are the main services of IOB under Personal Banking services.
Indian Overseas Bank is involved in NRI Banking services also. It offers Corporate Banking services for business persons. The Bank provides banking and financial services to develop rural sectors.
IOB has Forex and Government Business services also to its customers. Cash Tree Online, Visa Bill Payment, Education Loan and Housing Loan are other main products of Indian Overseas Bank.
www.iob.in is the official website of IOB for the latest information about recruitment, loans, interest rates, savaging accounts, results, new schemes and other services.
Head office of Indian Overseas Bank is located at 763 Anna Salai, Chennai – 600002. It has more than 2018 branches across the country. The Bank operates its banking business on Core Banking Solution (CBS) platform. www.iob.in has more than 1152 ATMs in all over India.
Indian Overseas Bank had deposits of Rs. 1, 51, 173 crore and advances to Rs.1, 19, 148 crore by March 2011. IOB is involved in share market also. BSE code of www.iob.in is 532388.
Indian Overseas Bank has opened extension counters in many countries to operate overseas business. IOB internet banking can be operated through: www.iobnet.co.in for the fastest online banking services.
Customers of IOB can get the advantages of Mobile Banking and SMS Banking services also. Adarsha Janata Sahakari Bank merged into www.iob.in in 2001. Shree Suvarna Sahakari Bank acquired by IOB in 2009 and Bharat Overseas Bank in 2007. Business of Bank of Tamil Nadu is also acquired by Indian Overseas Bank in 1990. IOB is an ISO:9001:2008 certified nationalized bank by the department of Information Technology.