INDIAN OVERSEAS BANK Account For Rupay select

[federer.reddevil]

My mom is ex-IOB staff. Planning to get 6-7 RuPay Select LTF once this Friday also confirms RuPay Platinum offer dead. No charges for staff accounts 😆 But bank service is total faaltu now as per my mom herself. She prefers IDFC 🤣

My dad was also ex staff how to confirm no DC charges for staff account?

 

[La pasión]

1 at time

Can you request for another rupay select ?

 

[Gau₹av]

My dad was also ex staff how to confirm no DC charges for staff account?

There is some "Staff" flag/checkbox or something in the internal profile options that IOB employees can see/set. In fact earlier years ago, they had this Staff flag also for family of staff so for everyone in my family enjoyed those privileges but recently they removed the flag for family members from their IOB account.

 

[ritwik2000]

There is some "Staff" flag/checkbox or something in the internal profile options that IOB employees can see/set. In fact earlier years ago, they had this Staff flag also for family of staff so for everyone in my family enjoyed those privileges but recently they removed the flag for family members from their IOB account.

What benefits staff gets?

 

[Gau₹av]

What benefits staff gets?

All charges free. Like an ultra HNI account. And +1% term deposit interest so senior citizen staff gets 1.5% extra (0.5% of SS and 1% of staff)

 

[federer.reddevil]

There is some "Staff" flag/checkbox or something in the internal profile options that IOB employees can see/set. In fact earlier years ago, they had this Staff flag also for family of staff so for everyone in my family enjoyed those privileges but recently they removed the flag for family members from their IOB account.

Will check with my dad's account then

 

[Strange]

All charges free. Like an ultra HNI account. And +1% term deposit interest so senior citizen staff gets 1.5% extra (0.5% of SS and 1% of staff)

Low interest rate for loans?

 

[Anindya98]

Low interest rate for loans?

No, only the charges and processing fees will be low or 0.

 

[Strange]

No, only the charges and processing fees will be low or 0.

Low interest rate on loans not even for the employee?

 

[La pasión]

Low interest rate on loans not even for the employee?

RLLR( retail)-1.5,1 for employees in sbi. Yahi overseas mai bhi hoga

 

[Strange]

RLLR+0.5,1 for employees in sbi.

Can you elaborate?

 

[Ak Singh]

Is rsdc can be applied in bsda account?

 

[ritwik2000]

Is rsdc can be applied in bsda account?

try it and let us know

sabka bhala ho jyega

 

[La pasión]

Can you elaborate?

RLLR stands for Repo Linked Lending Rate and Retail linked lending rate. I am talking about retail one. See every bank has to set their minimum interest rate for particular category of loan whether it's home, car , business etc. for example currently canara bank RLLR is 9% which means that any loan will be sanctioned upon this rate but this doesn't mean that it cannot be less than 9%. For example house loan and educational loans banks provide concessions but it also doesn't mean it cannot be more than RLLR. There are various factors like CIC score, risk premium, collateral etc. so for bank employees RLLR (repo)< bank employee net % rate<RLLR ( retail). Which generally bring the interest 1% above repo and 1.5-2% less than retail. I am also attaching a picture for clear understanding

 

[Ak Singh]

try it and let us know

sabka bhala ho jyega

Bro tum itne rsdc ka krte kya ho,
Dukan wagera hai kya?
Doc sahab toh pro hai unko 10 rsdc bhi kam hain, app itna ka kya karoge.
1-2,3 rsdc is sufficient and more than enough.

 

[ritwik2000]

Bro tum itne rsdc ka krte kya ho,
Dukan wagera hai kya?
Doc sahab toh pro hai unko 10 rsdc bhi kam hain, app itna ka kya karoge.
1-2,3 rsdc is sufficient and more than enough.

mismatching answer ❌❌

 

[6ix9ine]

Bro tum itne rsdc ka krte kya ho,
Dukan wagera hai kya?
Doc sahab toh pro hai unko 10 rsdc bhi kam hain, app itna ka kya karoge.
1-2,3 rsdc is sufficient and more than enough.

dhandha chal rha hai bhai, ab rupay ne 100 dena band kiya hai uski bharpai toh karni padegi.

 

[La pasión]

dhandha chal rha hai bhai, ab rupay ne 100 dena band kiya hai uski bharpai toh karni padegi.

Ye to dhandai wala nikla😜

 

[Hope]

Talked to IOB customer care regarding account mab, she said with checkbook its 2K, without checkbook 1K MAB,
So better open without checkbook if opening only for select dc.

 

[ritwik2000]

Talked to IOB customer care regarding account mab, she said with checkbook its 2K, without checkbook 1K MAB,
So better open without checkbook if opening only for select dc.

Is it yet to get updated on the website because it's showing 500 without chequebook ?