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LATESTÂ IOBÂ NEWSÂ
 FOR NEWS ON DEMONETISTION AND NEW CURRENCY FEATURES  CLICK HERE Â
FORÂ FINANCIALÂ NEWS , Â CLICK HEREÂ Â Â Â FOR INCOME TAX NEWS Â CLICK HEREÂ
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 ALL ABOUT AADHAR  , CLICK HERE       INVESTMENT ALTERNATIVES FOR RETIREES  Â
​FINANCIAL PLANNING FOR YOUNG      HOW TO LINK AADHAR   WITH PAN , CLICK HEREÂ
FORÂ FINANCIALÂ NEWS , Â CLICK HEREÂ Â Â Â FOR INCOME TAX NEWS Â CLICK HEREÂ
​
 ALL ABOUT AADHAR  , CLICK HERE       INVESTMENT ALTERNATIVES FOR RETIREES  Â
​FINANCIAL PLANNING FOR YOUNG      HOW TO LINK AADHAR   WITH PAN , CLICK HEREÂ
LATEST INDIAN OVERSEAS BANK NEWS
New Updated ArticleÂ
      Â
 TAX PLANNING FOR FY 2023-24 ( AY 2024-25 )Â
Comprehensive  Article on Income tax changes in Rules, Rates , Slabs , Rebates  and EstimationÂ
CLICK HERE TO READ ​​
      Â
 TAX PLANNING FOR FY 2023-24 ( AY 2024-25 )Â
Comprehensive  Article on Income tax changes in Rules, Rates , Slabs , Rebates  and EstimationÂ
CLICK HERE TO READ ​​
 FIXED DEPOSIT INTEREST RATES REVISED :Â
Dated 13.04.2024 : The public sector bank , Indian Overseas Bank , has announced  the new interest rates on fixed deposits  with effect from 15th, April 2024 . Now the short deposits  in the maturity bracket of 91 days to 120 days carry an interest rate of 4.75 % pa , enhanced from the existing 4.25 % pa .  Interest rates for all other periods kept unchanged .Â
The new rates  effective from 15th , April 2024  for domestic and NROs areÂ
7-14 Days*Â Â Â 4.00
15-29 Days   4.50
30-45 Days   4.50
46-60 Days  4.50
61-90 Days  4.25
91-120 Days  4.75
121-179 Days  4.25
180-269 Days  5.75
270 Days to < 1 Year   5.75
1 Year to < 2 Years
(Except 444 Days)Â Â Â 6.90
444 Days          7.30
2 Years to < 3 Years  6.80
3 Years and Above  6.50
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* Minimum Amount Rs. 1.00 Lakh
The Revised Interest Rates on NRE Term Deposits w.e.f 10.02.2024 are as Follows Â
1 Year to < 2 Years    (Except 444 Days)         6.9 %
444 Days                                    7.30 %
2 Years to < 3 Years                           6.80 %
3 Years and Above                            6.50 % Â
IOB RATE CARDÂ
Dated 13.04.2024 : The public sector bank , Indian Overseas Bank , has announced  the new interest rates on fixed deposits  with effect from 15th, April 2024 . Now the short deposits  in the maturity bracket of 91 days to 120 days carry an interest rate of 4.75 % pa , enhanced from the existing 4.25 % pa .  Interest rates for all other periods kept unchanged .Â
The new rates  effective from 15th , April 2024  for domestic and NROs areÂ
7-14 Days*Â Â Â 4.00
15-29 Days   4.50
30-45 Days   4.50
46-60 Days  4.50
61-90 Days  4.25
91-120 Days  4.75
121-179 Days  4.25
180-269 Days  5.75
270 Days to < 1 Year   5.75
1 Year to < 2 Years
(Except 444 Days)Â Â Â 6.90
444 Days          7.30
2 Years to < 3 Years  6.80
3 Years and Above  6.50
​
* Minimum Amount Rs. 1.00 Lakh
- Interest Rate for IOB Tax Saver Deposit will remain unchanged at 6.50%.
- For Senior Citizens (aged 60 Years and above), Additional interest rate of 0.50% and for Super Senior Citizens (aged 80 years and above), Additional interest rate of 0.75% continues.
- For Retired Staff, Applicable interest rate will continue to be governed by the decision taken by ALCO in its meeting No-04/2019-20 held on 08.07.2019.
The Revised Interest Rates on NRE Term Deposits w.e.f 10.02.2024 are as Follows Â
1 Year to < 2 Years    (Except 444 Days)         6.9 %
444 Days                                    7.30 %
2 Years to < 3 Years                           6.80 %
3 Years and Above                            6.50 % Â
IOB RATE CARDÂ
NOW IOB CUSTOMERS CAN TRANSFER THEIR SB ACCOUNTS ON-LINE :Â
Dated 02.01.2024 : The public sector bank , Indian Overseas Bank , has now provided on-line facility to its customers for transfer  of their Savings Bank Accounts to any branch of their choice hassle-free .Â
Some customers need their account transfer from one branch to the another as they would have shifted their residence or business / working spot from one town to the another . Normally they have to give applications to either of the branches and wait for the transfer .Â
​Now customers can visit IOB on-line by clicking here  , fill their account number and captcha . An OTP will be sent to the registered mobile number of the customer . On entering the OTP , you can further furnish the branch where the account to be transferredÂ
Dated 02.01.2024 : The public sector bank , Indian Overseas Bank , has now provided on-line facility to its customers for transfer  of their Savings Bank Accounts to any branch of their choice hassle-free .Â
Some customers need their account transfer from one branch to the another as they would have shifted their residence or business / working spot from one town to the another . Normally they have to give applications to either of the branches and wait for the transfer .Â
​Now customers can visit IOB on-line by clicking here  , fill their account number and captcha . An OTP will be sent to the registered mobile number of the customer . On entering the OTP , you can further furnish the branch where the account to be transferredÂ
IOB LAUNCHESÂ REVAMPED WEBSITE :Â
Dated 17.05.2023 : Public sector Lender Indian Overseas Bank has recently launched its new revamped website .Â
It has got new features like Internet banking log in option in the top of the home page, ready access to all customer care requirements, Apply for loans options, open SB account option , EMI calculator option, key words for instant search and many other important features in the home page itself.
It's expected that the new website will  be useful for easy navigation to both the existing customers and would be customersÂ
Dated 17.05.2023 : Public sector Lender Indian Overseas Bank has recently launched its new revamped website .Â
It has got new features like Internet banking log in option in the top of the home page, ready access to all customer care requirements, Apply for loans options, open SB account option , EMI calculator option, key words for instant search and many other important features in the home page itself.
It's expected that the new website will  be useful for easy navigation to both the existing customers and would be customersÂ
INDIAN OVERSEASÂ BANK IS OUT OF PCA FRAMEWORKÂ
Dated 30.09.2021 : Reserve Bank of India ( RBI ) yesterday announced through a press release , that it  has been decided to take out Indian Overseas  Bank from the PCA framework  ( Prompt Corrective Action Framework ) , subject to certain conditions and continuous monitoring. Â
​ Matter was reviewed by the Board for Financial Supervision (BFS) in its meeting . It was noted that as per its published results for the year ended March 31, 2021, the bank is not in the breach of the PCA parameters. The bank has provided a written commitment that it would comply with the norms of Minimum Regulatory Capital, Net NPA and Leverage ratio on an ongoing basis and has apprised the RBI of the structural and systemic improvements that it has put in place which would help the bank in continuing to meet these commitments.
 To read the press release of RBI , CLICK HEREÂ
Dated 30.09.2021 : Reserve Bank of India ( RBI ) yesterday announced through a press release , that it  has been decided to take out Indian Overseas  Bank from the PCA framework  ( Prompt Corrective Action Framework ) , subject to certain conditions and continuous monitoring. Â
​ Matter was reviewed by the Board for Financial Supervision (BFS) in its meeting . It was noted that as per its published results for the year ended March 31, 2021, the bank is not in the breach of the PCA parameters. The bank has provided a written commitment that it would comply with the norms of Minimum Regulatory Capital, Net NPA and Leverage ratio on an ongoing basis and has apprised the RBI of the structural and systemic improvements that it has put in place which would help the bank in continuing to meet these commitments.
 To read the press release of RBI , CLICK HEREÂ
TO KNOW BEST YIELDING FIXED DEPOSITSÂ , CLICK HEREÂ
CLICK HERE TO READÂ Â Â Â Â TAX ON RETIREMENT
                          MORE THAN 2000 VIEWS   IN ITS FIRST WEEK OF PUBLICATION Â
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                          MORE THAN 2000 VIEWS   IN ITS FIRST WEEK OF PUBLICATION Â
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WHAT IS NEW ON PLAN N PROGRESS ?    ​