Verified Bank Tariff
Indian Overseas Bank Charges & Fees
Complete official Schedule of Charges for Indian Overseas Bank. Every fee entry is backed by verified citations, 18% GST treatment, waiver conditions, and RBI dispute rights.
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Verified Fee Categories for Indian Overseas Bank
Indian Overseas Bank
Locker charges
Retail Banking Service Charges · Branch
Type A — Rural/Semi Urban: ₹1,500.00 · Type A — Urban/Metro: ₹2,000.00 · Type B — Rural/Semi Urban: ₹2,000.00 · Type B — Urban/Metro: ₹2,500.00 · Type C — Rural/Semi Urban: ₹3,000.00 · Type C — Urban/Metro: ₹3,500.00 · Type D — Rural/Semi Urban: ₹3,200.00 · Type D — Urban/Metro: ₹4,000.00 · Type E — Rural/Semi Urban: ₹4,000.00 · Type E — Urban/Metro: ₹4,500.00 · Type F — Rural/Semi Urban: ₹5,000.00 · Type F — Urban/Metro: ₹6,500.00 · Type G — Rural/Semi Urban: ₹5,500.00 · Type G — Urban/Metro: ₹8,000.00 · Type H — Rural/Semi Urban: ₹6,000.00 · Type H — Urban/Metro: ₹9,000.00 · Type H1 — Rural/Semi Urban: ₹4,000.00 · Type H1 — Urban/Metro: ₹5,000.00 · Type K — Rural/Semi Urban: ₹5,200.00 · Type K — Urban/Metro: ₹9,000.00 · Type L — Rural/Semi Urban: ₹8,000.00 · Type L — Urban/Metro: ₹10,000.00 · Type L1 — Rural/Semi Urban: ₹8,000.00 · Type L1 — Urban/Metro: ₹10,000.00 · Type L2 — Rural/Semi Urban: ₹5,000.00 · Type L2 — Urban/Metro: ₹9,200.00
Trigger Condition
Public-customer annual locker rent, charged annually in advance. Source states the rent cycle is October–September and collected on 1 October. Separate product-specific locker-rent concessions exist and are not baked into this base matrix.
Verified on 2026-08-09 · Effective: 2026-04-01
Retail Banking Service Charges · Branch
Type A — Rural/Semi Urban: ₹1,000.00 · Type A — Urban/Metro: ₹1,200.00 · Type B — Rural/Semi Urban: ₹1,100.00 · Type B — Urban/Metro: ₹1,400.00 · Type C — Rural/Semi Urban: ₹1,200.00 · Type C — Urban/Metro: ₹1,700.00 · Type D — Rural/Semi Urban: ₹1,400.00 · Type D — Urban/Metro: ₹1,800.00 · Type E — Rural/Semi Urban: ₹1,600.00 · Type E — Urban/Metro: ₹2,200.00 · Type F — Rural/Semi Urban: ₹2,000.00 · Type F — Urban/Metro: ₹2,800.00 · Type G — Rural/Semi Urban: ₹2,100.00 · Type G — Urban/Metro: ₹2,800.00 · Type H — Rural/Semi Urban: ₹3,000.00 · Type H — Urban/Metro: ₹4,600.00 · Type H1 — Rural/Semi Urban: ₹1,600.00 · Type H1 — Urban/Metro: ₹2,000.00 · Type K — Rural/Semi Urban: ₹3,700.00 · Type K — Urban/Metro: ₹5,700.00 · Type L — Rural/Semi Urban: ₹3,600.00 · Type L — Urban/Metro: ₹5,600.00 · Type L1 — Rural/Semi Urban: ₹3,200.00 · Type L1 — Urban/Metro: ₹4,900.00 · Type L2 — Rural/Semi Urban: ₹3,500.00 · Type L2 — Urban/Metro: ₹5,500.00
Trigger Condition
IOB Staff/Ex-Staff annual locker rent, charged annually in advance.
Verified on 2026-08-09 · Effective: 2026-04-01
Indian Overseas Bank
Minimum balance charges
IOB Salary Account — Diamond / Platinum · General
₹0 (Free)
Trigger Condition
Indian Overseas Bank Salary Account — Diamond or Platinum sub-scheme only.
Verified on 2026-08-15
Indian Overseas Bank
NEFT charges
IOB Salary Account — Diamond / Platinum · General
₹0 (Free)
Trigger Condition
Indian Overseas Bank Salary Account — Diamond or Platinum sub-scheme only; Gold is excluded because the official table says applicable charges.
Verified on 2026-08-15
What Indian Overseas Bank prints on your statement
3 narrations decoded against Indian Overseas Bank's own schedule of charges — the plain-English and Hinglish meaning, the exact amount including GST, and how to avoid it.
LOCKER RENTAnnual rent for a safe deposit locker. The amount depends on locker size and branch location.
MIN BAL CHGA penalty for not keeping the required average balance in your account for the month or quarter.
NEFT CHGA charge on an outward NEFT transfer. Under RBI rules NEFT sent through internet or mobile banking on a savings account carries no charge.
Disputing a Wrongful Charge at Indian Overseas Bank
Under Reserve Bank of India (RBI) consumer protection directives, account holders have statutory rights to claim refunds for unauthorized debits, failed ATM transactions, or penalties debited without prior notification.
Branch / Helpdesk Ticket
Email Indian Overseas Bank customer service quoting the transaction ID and account details. TAT: 7 working days.
Principal Nodal Officer
If unresolved within 7 days, escalate to Indian Overseas Bank's Principal Nodal Officer (PNO). TAT: 14–30 days.
RBI Banking Ombudsman
Lodge a statutory complaint on the RBI CMS Portal (cms.rbi.org.in) if rejected or delayed past 30 days.
Need a pre-filled grievance email draft for AMB penalties or debit card AMC?
Open Dispute Letter GeneratorFrequently Asked Questions (Indian Overseas Bank)
What is the minimum balance (AMB) requirement in Indian Overseas Bank?
In Indian Overseas Bank, the minimum average balance (AMB/MAB) varies by account tier and branch location. Regular savings accounts in metros typically require maintaining the published threshold, while salary accounts and BSBDA zero-balance accounts have ₹0 AMB requirements.
What are the debit card annual maintenance charges (AMC) for Indian Overseas Bank?
Debit card maintenance charges at Indian Overseas Bank are billed annually based on card variant plus 18% GST.
Can Indian Overseas Bank deduct minimum balance penal charges without sending an SMS?
No. Under RBI Master Direction (DBOD.No.Leg.BC.21/09.07.006/2015-16), Indian Overseas Bank is legally mandated to notify the customer via SMS or email giving them a 30-day notice window to restore their balance before any penalty can be debited. If debited without prior notification, you are entitled to a full reversal.
How do I dispute a wrongful fee or charge deducted by Indian Overseas Bank?
To dispute a wrongful deduction at Indian Overseas Bank: (1) Send an email to the Branch Manager / Customer Service citing the relevant RBI circular and transaction ID. (2) If unresolved within 7 days, escalate to Indian Overseas Bank's Principal Nodal Officer (PNO). (3) If unresolved after 30 days, lodge a complaint with the RBI Banking Ombudsman via the CMS portal (cms.rbi.org.in).