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Providing benefits to Indian customer as well as foreigner


Indian Overseas Bank one of the first few banks, which received the nod from Reserve Bank to go ahead with import of gold for sale in the domestic market. It was the first public sector bank in the country to import gold and sell in the domestic market. Indian Overseas Bank (IOB) was situated in 1937 with the aim to specialize in foreign exchange and overseas banking business in India. It started with simultaneously 3 branches in Chennai, India, Rangoon, Burma (now in Myanmar) and Penang. On the Independence day, Indian Overseas Bank had expanded to 38 branches within country and 7 branches abroad.


History of IOB Before nationalization in 1969, the bank had ventured into consumer credit, had begun computerization of their branch in 1964 and had established an independent department for agriculture finance. In 1969, IOB had 195 branches in India. In 1977, Indian Overseas Bank opened a branch in Seoul bank launched its official website and introduced online Bill Payment Services for MTNL Bills to its New Delhi branch customers in 1999.


The IOB presence is marked in key trade centre of the world like Singapore, Seoul, Hong Kong, Bangkok and Germany. Its India presence is well networked branch system spanning the country with multiple branches in major cities like Bangalore, Noida, Hyderabad, Pune, New Delhi etc. IOB Services Indian overseas bank currently gives specialized banking services to its ratail customers that include Any Branch(ABB), ATM Banking, IOB stars and the most fomous and latest one is the 8 percent saving bond scheme. Similarly, itÂ’s planning expansion in city as well. In IOB you can benefit of online transactions are cash withdrawal, balance enquiry and statement inquiry. Offline transactions are cash withdrawal, Deposit of Cash/cheque, request for statement/cheque book. While expanding its scope of reach in giving its customers access to ATMs have been installed across the length and breadth of the country.


Government Bank in India

  1. Allahabad Bank
  2. Andhra Bank
  3. Bank of Baroda
  4. Bank of India
  5. Bank of Maharashtra
  6. Canara Bank
  7. Central Bank of India
  8. Corporation Bank
  9. Dena Bank
  10. Indian Bank
  11. Indian Overseas Bank
  12. Oriental Bank of Commerce
  13. Punjab and Sind Bank
  14. Punjab National Bank
  15. Syndicate Bank
  16. UCO Bank
  17. Union Bank of India
  18. United Bank of India
  19. Vijaya Bank