INDIAN OVERSEAS BANK Account For Rupay select

[VasukiVasuki is verified member.]

INDIAN overseas bank ( IOB) is very lesser known but has good service and staff till what I have heard and experienced..

IT CAN BE opened both online and offline
My offline experience-

Account opening experience - Offline via branch
Went to branch took form for GENERAL SAVING ACCOUNT
Usual documents required,
Account was opened with Tab - similar to what I seen in IDFC banks
Software was different

While account opening you don't have to apply for any debit card - opt out

After account is opened which is instant via tab ( with live picture from tab and fingerprint.

You can note down account details and head to Cash counter for cash deposit
( My mab was 1k - so I deposited 3k)
This can vary due to location of branch

Once cash deposited - account is mostly active

Please note down - account number and CiF for mobile banking login ( take pictures of tab when account opened)


Now comes the tricky part - You have to fill form for debit card request
Mention name clearly in form ( in Above header ) write the name of card and even mention fees

Rupay-Select-NCMC - 800+ gst

Link for Iob dc fees T/c
Attached is pDF too for reference

Please check with employee he selects the right dc and he sees 800+ gst fees

And you are done
You will get dc in few days it was 7 days even when it was with post office

Now online Account opening process

It's called insta digital saving account
LINK TO OPEN INSTA DIGITAL ACCOUNT

Once form is filled you will either get VKYC instantly if agent available or in 1-2 days
Centrally VKYC team will call and update you with link

Mab is 1 k

You will be issued a rupay platinum or rupay classic debit card
Then you can block and replace/upgrade to rupay select dc with fees 800+gst

Keep in mind if you open online you have to wait little longer


Also a word of caution
Few people opened online bank account in canara yet they were asked to visit branch for kyc


Now with free free people 😁 1- 2 k mab + 800 fees is better than 25-50k mab
Unless u have lot in cash

 

[NShah]

Online rupay select dc apply kar sakte hai ?

 

[VasukiVasuki is verified member.]

Online rupay select dc apply kar sakte hai ?

Via phone banking

 

[kvndsz512]

Via phone banking

while acc opening hi nai ho jata direct?

 

[VasukiVasuki is verified member.]

while acc opening hi nai ho jata direct?

That's why I mentioned
Open offline for direct applying
It's less time consuming
If branch is good

 

[Gau₹av]

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 🤣

 

[Anshit]

So Private banks are not allowed to issue RSDC?

 

[Gau₹av]

So Private banks are not allowed to issue RSDC?

They are but Govt bans RuPay debit cards from MDR so banks make a lot more money with Visa/MC debit cards

 

[kuchbhikuchbhi is verified member.]

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 🤣

 

[R_A_J]

While account opening you don't have to apply for any debit card - opt out

Now comes the tricky part - You have to fill form for debit card request
Mention name clearly in form ( in Above header ) write the name of card and even mention fees

Rupay-Select-NCMC - 800+ gst

Is it required to apply DC on the same day of account opening? Asking bcz the pdf mentions balance reqmnt of 1 lakh. Is that for CD (current) accounts only or for SB also. I'm assuming that is only for Current accounts as you got with 3k mab, so just confirming!

 

[VasukiVasuki is verified member.]

Is it required to apply DC on the same day of account opening? Asking bcz the pdf mentions balance reqmnt of 1 lakh. Is that for CD (current) accounts only or for SB also. I'm assuming that is only for Current accounts as you got with 3k mab, so just confirming!

Mab is not the criteria here works on any account

 

[Dragon_slayer]

Better to open account offline, sometimes they will ask you to visit bank even after KYC is done online.

DC can be applied online using mobile app, without form submission at bank

 

[La pasión]

Upper cap for dc of the same variant?

 

[VasukiVasuki is verified member.]

Upper cap for dc of the same variant?

Upper cap as in

 

[kev569]

Don't know if this would be applied here, but if someone is looking to activate the card via Internet Banking, the process is little different. First- you have to create a Funds Transfer Pin in "Edit Profile -> Forget/Generate Pin", and then you can Activate the card. Once the card is activated, then create your ATM pin.

 

[quino]

My mab was 1k

which variant was this?

because as i can see, none of the variants have 1k MAB

 

[La pasión]

Upper cap as in

How many debit card can be issued to one account?

 

[VasukiVasuki is verified member.]

which variant was this?

because as i can see, none of the variants have 1k MAB

It was semi urban for me

 

[VasukiVasuki is verified member.]

How many debit card can be issued to one account?

1 at time

 

[quino]

It was semi urban for me

that would be 500 na then?