Presentation on Indian overseas bank

1. PRESENTED BY
ANUSHREE MAJUMDER
ARIF ALI BISWAS
POUSALI MUKHERJEE
SUSHMITA MUKHERJEE

2. PERSONAL BANKING

3. PERSONAL BANKING
 SAVINGS BANK
 Regular Savings Bank Account
 Savings Bank No frill Account

4. REGULAR SAVINGS BANK ACCOUNT
Details Description
ELIGIBILITY Individuals, Joint
accounts, Clubs, associations, trusts, Govt.
Bodies, societies (including co-
operatives), educational institutions, associations
and other non-trading organizations.
Minors who have completed ten years of age can
apply in their names.
MINIMUM BALANCE You need to maintain a minimum balance of Rs.
100/- for non-cheque operated accounts and Rs.
500/- for cheque operated accounts in branches in
rural and semi-urban areas. It is Rs.500 for non-
cheque operated account and Rs.1000 for cheque
operated account in other branches.
For pension accounts the minimum balance is Rs. 5/-
for non-cheque operated accounts and Rs. 250/- for
cheque operated accounts

5. REGULAR SAVINGS BANK ACCOUNT
Requirements For Opening
Account
Duly Filled Application Form , Proof of
identity, Address proof, Introduction,
Passport size photograph
INTEREST RATE 4.00% p.a.
INTEREST PAYMENT Interest is paid on daily product basis.
LOAN AGAINST DEPOSIT Not permitted

6. REGULAR SAVINGS BANK ACCOUNT
BENEFITS International VISA Debit Card
Instant Credit of Outstation Cheque upto Rs.15,000/-
Internet banking facility.
Multicity Cheque facility
Nomination facility
Standing Instruction Facility
Speedy transfer of funds
Anywhere Banking
Insurance Products
VALUE ADDITIONS Maintain an average quarterly balance of Rs.10,000
and above in the account and get the following
facilities:-
Inland drafts / mail transfers not exceeding
Rs.10,000/- per month, limited to 2 occasions in a
month per depositor issued without any
commission/exchange.
Collection of inland outstation instruments such as
cheques / drafts / dividend warrant etc not
exceeding Rs.10,000/- per month irrespective of the
number of instruments per depositor is done without
collection charges.

7. SAVINGS BANK NO FRILL ACCOUNT
Details Description
ELIGIBILITY Individuals, including minors who have
completed 10 years of age and
pensioners. Joint accounts are
permitted.
MINIMUM BALANCE Rs.5/-
WITHDRAWAL FROM ACCOUNT Only by withdrawal slip. Cheque book
will not be issued
INTEREST PAYMENT 4.00% p.a.
AMOUNT OF TRANSACTIONS The balance in the account should not
exceed Rs.50,000 at any point of time
and the total credit in the account
should not exceed Rs.1,00,000/- in a
year.
NO. OF TRANSACTIONS 25 transactions per half-year

8. SAVINGS BANK NO FRILL ACCOUNT
Penalty For Exceeding The
Number Of Transaction
No penalty
VALUE ADDITIONS /
CONCESSIONS
No other value addition /
concession allowed in the account.
Collection of instruments and issue
of DD/MT will attract normal
charges. Debit Cards are not
issued.
BRANCHES WHERE ACCOUNT
CAN BE OPENED
All branches of the Bank

9. CURRENT ACCOUNT
IOB – CD CLASSIC
Details Description
ELIGIBILITY Proprietary concern, Partnership firm,
HUF, Limited companies,
corporations, SMEs, Trusts, Societies,
clubs, Association, Local Bodies,
Govt. Departments subject to RBI
directives
MINIMUM BALANCE
REQUIREMENT
The average daily balance in the
current account during last three
months should not be less than Rs.1
lac.

10. IOB CD-SUPER CURRENT A/C
 Eligibility :
Proprietary concern, Partnership firm, HUF, Limited companies,
corporations, SMEs, Trusts, Societies, clubs, Association, Local
Bodies, Govt. Departments subject to RBI directives
 Minimum Balance Requirement :
The average daily balance in the account over the last three
months should not be less than Rs.5 lac.
 Issue of Demand drafts @ 50% concession
 Transfer of funds thro' NEFT free.
 Anywhere Banking
 Name printed cheque books free of cost.

11.  Personal Accident insurance covers of Rs. Five Lakhs free of
cost.
 International Debit Card without charges to all employees and
owners.
 Online Tax payment facility.
 Outstation cheque collection charges @ 50% concession.
 Transfer of funds thro' RTGS @ 50% concession.
 Utility Bills payment facility.

12. DEPOSITS

13. DEPOSITS
 FIXED DEPOSIT
A fixed deposit account allows you to deposit your
money for a set period of time, thereby earning you
a higher rate of interest in return. Fixed deposits
also give you a higher rate of interest than a
savings bank account.

14.  Who can apply for a fixed deposit account?
Individuals and organizations with the intention of retaining their
savings for a fixed period for some future use.
 What are the benefits of a Fixed Deposit?
 The option to withdraw the deposit at any time before maturity
without any difficulty
 You can avail loans upto 85% of the principal
 Variable deposit periods ranging from 6 months to 120 months
 You get interest once in 6 months
 The minimum deposit amount is Rs. 1,000/- Deposits can be
made in multiples of Rs. 100/-.

15.  RECURRING DEPOSIT
Eligibility :
 Salaried individual, small trader, housewife,
student or a rural saver.
 Customers having a limited or stipulated income
and require a large amount of money but can only
save small amounts every.

16. Features
 Interest is compounded every quarter
 Variable deposit periods ranging from 6 months to
120 months
 Loans available up to 90% on the principal and
also on the interest accrued
 Deposit can be closed prematurely without any
difficulty

17.  Interest Rate
As Applicable for Term Deposits
 Minimum amount of deposit
The minimum deposit is Rs. 50/- per month in
multiples of Rs. 5/-.

18. TERM DEPOSITS
 Moneys deposited for specific periods come
under the category of Term Deposits.
 The Depositor invests the money with the bank for
a specific period to mature on a specific future date
as required by the depositor.
 Term deposits can be made for periods ranging
from 7 days to one hundred and twenty months. In
case of deposits in the name of minors the
deposits can be more than 120 months
 provided the bank is convinced that it is necessary
to do so for the protection of minor’s
 interest.

19. TERM DEPOSIT RATES
 7days to 120 days – 7.25%
 121days to 179days – 7.50%
 180days to 269days – 8.25%
 270days to less than one year – 8.50%
 1year to 5years and above – 9.00%

20. RETAIL LOANS
 Clean Loan
Eligibility : Employees in Government, Public Sector
Undertakings, reputed private enterprises, firms,
companies etc. and confirmed in service. The take
home pay, after deduction of the proposed loan
instalment should be more than 50% of the gross pay.
LIC agents are also eligible to apply for the loan
subject to conditions.

21.  Purpose : For any purpose including any social /
financial commitment.
a) Ten times of salary or Rs.15.00 lac whichever is
lower, if your employer undertakes to deduct the
loan installment from salary and remit to us or the
salary is routed through the loan granting branch.
b) For others, it is 5 times of salary or Rs.1.00 lakh
whichever is lower.
c) For LIC agents, the maximum loan is up to 10
times average monthly commission or Rs.10.00 lakh
whichever is lower.

22.  Repayment : In a maximum of 60 months in case the loan is for
10 month salary and 36 months in case the loan is for 5 months
salary.
 Security : Two, third party personal guarantee, the salary of each
guarantor being at least equal to that of the borrower.
 Documents required : Application form, Salary certificate of
applicant and guarantor with deduction particulars, undertaking
letter from employer to deduct monthly instalment and recover the
dues from terminal benefit in case of necessity.
 Processing fee : One time processing fee of Rs. 204/- per lakh
or part thereof(subject to change).

23. INTEREST RATES
 Working Capital – Floating Rate of Interest of 13.25
%
 Term Loan – 13.75%(floating rate)
 Pushpaka, loan for purchase of new vehicles –
10.75%
 Pensioner’s loan scheme – 14.25%
 Akshay - loan against life policies of LIC and private
insurers approved by IRDA – 14%

24. HOUSING LOANS (FOR
PURCHASE/CONSTRUCTION/REPAIR/RENOVATION
Payment
Options(R
epayment)
Rate upto
5years
Rate >5yrs
to 10yrs
More than
10 years
Loan
Amount
Upto
30lakshs
10.25% 10.25% 10.25%
30lakhs to
75lakhs
10.50% 10.50% 10.50%
Above
75lakhs
10.75% 11.00% 11.25%

25. EDUCATIONAL LOANS-VIDYA JYOTI
 Eligibility
Should be an Indian National
Should have secured admission to
professional/technical courses in India or abroad

26.  Purpose
Loan is made available for Graduation/Post
graduation/Diploma/Computer education in any recognized
State/Central Government/University, professional courses
including Engineering, Medical, Agriculture, Veterinary, Law,
Dental, Management, courses like ICWA, CA, CFA, etc.,
courses conducted by IIM, IISC, XLRI, NIFT etc, courses
offered in India by reputed foreign universities/Evening
courses of approved institutes, regular degree/
diploma courses like Aeronautical , Pilot training , shipping
etc approved by Director General of Civil Aviation/
shipping if the course is pursued in India. Incase the course
is pursued abroad, the institute should be recognized by the
competent local aviation/ shipping authority. For studies
abroad, loans will be made available only for Graduation and
Post Graduation Courses offered by Reputed Universities and
not for diplomas

27.  Margin
For loans upto Rs. 4.00 lakh Nil
For loans above Rs. 4.00 lakh
Studies within India 5%
For studies abroad 15%

28.  Security
For loans upto Rs. 4.00 lakh Co obligation of parents . No
security
For loans above Rs. 4.00 lakh and
up to Rs.7.50 lakh
Co obligation of parents together
with collateral security in the form of
suitable third party guarantee.
For loans above Rs.7.50 lakh Co obligation of parents together with tangible
collateral security .Collateral security in the
form of NSC /KVP/ LIC Policy/ Gold/
Shares/Debentures or immovable properties
Bank Deposits in the name of
student/Parent/Guardian or any other third
party with suitable margin. Wherever the land/
building is already mortgaged the
unencumbered portion can be taken as
security on second charge basis provided it
covers the required loan amount. In case the
loan is given for the purchase of computer , the
computer has to be hypothecated to the bank..

29.  Repayment
Repay the loan in equal monthly Instalments for a
maximum period of 5 - 7 years excluding holiday
period.

30. CORPORATE BANKING

31. CORPORATE BANKING
 TERM LOAN-
FINANCIAL ASSISTANCE:
The growth of SME units largely depends on their proper financial
management. They should closely monitor their funds flow and cash
flow at every stage to avoid mismatch, which will dampen their
operational activities. IOB provides total financial solutions to SME
units by way of various schemes to support the financial needs of
SME units.
Term Loan:
Term Loans are extended for the purpose of acquisition of fixed
assets. viz., land, building, plant and machinery for setting up of new
industrial units or expansion/modernisation of existing units.
Financing for the purchase of second hand machinery (both
indigenous as well as imported) can also be considered subject to
certain conditions .

32.  Margin:
Bank will normally finance upto 75% of the value of fixed
assets and the balance amount should be brought by the
applicant as margin. However depending upon the activity and
quantum of advance the bank may either increase the margin
or decrease the margin.
 Security / Third Party Guarantee:
Bank will not insist for collateral security / Third Party
Guarantee for total credit limits upto Rs.10 lakhs for SME
borrowers. In respect of credit limits above Rs.10 lakhs and
upto Rs.100 lakhs Collateral Security / Third Party Guarantee
may be waived for deserving cases and those limits will be
covered under Credit Guarantee Trust for Micro and Small
Enterprises (CGTMSE).

33.  Repayment:
The repayment of term loan will be fixed based on the cash
generation of the unit and gestation period. Suitable holiday
period will be allowed for repayment of the term loan.
Interest Rates:
The details of interest rates for various categories of SME
advances are available separately.

34. WORKING CAPITAL LOAN
 The manufacturing / Service activity of the unit can smoothly
progress while adequate working capital funds are available. The
Bank provides necessary working capital assistance to MSME
units.
The quantum of working capital funds can be ascertained by
looking into the working capital cycle of the unit. Working Capital
Cycle can be explained by way of flow chart as below:
Cash > Raw Material > Work in Process > Finished Goods >
Receivables > Cash
It is normally presumed that the working capital cycle will be of
three months i.e. the period taken for conversion of cash into raw
material, raw material into finished goods, finished goods into
receivables and receivables into cash. Depending on the nature
of activity and various other factors it may be either more than 3
months or lesser than 3 months.
The working capital limits can be availed by way of cash credit,
bills limit, Letter of Guarantee, Letter of Credit etc.,

35.  Security / Third Party Guarantee:
Bank will not insist for collateral security / Third Party
Guarantee for total credit limits upto Rs.10 lakhs for SME
borrowers. In respect of credit limits above Rs.10 lakhs and
upto Rs.100 lakhs Collateral Security / Third Party Guarantee
may be waived on deserving cases and those limits will be
covered under Credit Guarantee Trust for Micro and Small
Enterprises (CGTMSE).
Interest Rates:
The details of interest rates for various categories of SME
advances are available separately

36. MSME SCHEMES
IOB MICRO ONE
ELIGIBILITY MICRO ENTERPRISES falling under
the norms as below:
(only new connections under Micro
Sector and the scheme is not
applicable to existing borrower
clients)
Manufacturing : Original investment in
Plant and machinery upto Rs.25.00
lacs
Service Enterprises: Original
investment in Equipments upto
Rs.10.00 lacs
COVERAGE ONLY NEW UNITS seeking credit
facilities with above investment
norms

37. LOAN AMOUNT
Maximum Rs.50.00 lacs (Cash Credit + Term Loan
with a ceiling of Rs.22.50 lacs for Term Loan)
Can be granted separately or as a combined credit
facility
MARGIN
10% for working Capital against stocks and 15 %
against Book debts.
REPAYMENT
84 EMIs for Term Loan (for combined facility as well)
Cash Credit to be renewed annually
INTEREST RATE
Both for Working Capital and Term Loan
Base Rate + 1.75% i.e., 12.25 % at present
SECURITY
Only prime security created out of this loan (No
Collateral Or Third Party Guarantee To Be Obtained)

38. CREDIT GUARANTEE To be covered under CGTMSE
Scheme and the fee to be borne by
the borrower
PROCESSING FEE Upto Rs. 10.00 lacs .... Rs. 1000/-
Above Rs.10.00 lacs and upto
Rs.50.00 lacs .... Rs. 5000/-
(applicable for both CC and Term
Loan)

39. IOB MSE PLUS
 IOB MSE PLUS is a novel scheme introduced by IOB for the
benefit of Micro and Small Enterprises (MSEs). Under the scheme,
MSEs can avail both their working capital and long term
investments needs in the form of a single term loan in a hassle
free manner and repay the entire loan (including working capital)
over a period of time.
 Eligibility
Both manufacturing and service enterprises coming under Micro
and Small Enterprises category as per MSME Act 2006.
 Purpose
 To construct/purchase work shed/factory premises
 To purchase plant/machinery/equipments
 To meet working capital needs
 Quantum of loan:
Upto Rs.100 lacs, based on the need and assessment by the
Bank.

40.  Mode of Assistance:
By way of Term Loan for fixed assets and working capital repayable in
60 to 120 months, with a holiday period of 6 to 18 months.
 Interest Rate:
 As applicable to Micro and Small Enterprises
 Rate of interest linked to base rate
 Present Interest are as under:
 Upto Rs. 2 lacs ... ... ... 9.75 % + 1.50 = 11.25
 Rs. 2 lacs and upto Rs. 25 lacs ... 10.75 % + 1.50 = 12.25
 Rs.25 lacs and upto Rs. 100 lacs ... 11.25 %+ 1.50 = 12.75
 Margin:
 For construction or outright purchase of work shed / factory
premises ..... ..... 30%
 For purchase of plant / machinery/ equipments, etc., 15 %
 For working capital ..... ..... 20 %
 CGTMSE Scheme:
All loans under MSE PLUS SCHEME are to be covered under Credit
Guarantee Scheme of CGTMSE

41. IT & ITES BPO
Indian Information Technology (IT) and Ites-BPO
sector playing vital role in the growth of our country’s
economy. The growth of the Industry in India is more
than 28%.
Due to liberalization of Indian economic policy, the
growth of IT industry is in commendable position.
Due to cost advantage, availability of skilled
manpower, quality services are the main reasons for
the growth of IT industry in India.
For all the finance needs of IT industry, customers
can approach any bank branch of INDIAN
OVERSEAS BANK.

42. IOB EXPO GOLD CARD FOR EXPORTERS
Indian Overseas Bank has formulated Gold Card Scheme for its exporter clients
based on the scheme drawn up by Reserve Bank of India. The scheme aims to
ensure easy availability of export credit on better terms to credit worthy
exporters with good track record. The Gold Card is known as "IOB Expo Gold
Card" .The salient features of the scheme are as under :-
Eligibility under the Scheme
 Exporters with bank's credit rating of A+ or A will be eligible under the scheme.
 Exporters whose accounts have been classified as "Standard" continuously for a
period of three years and where there are no irregularities /adverse features in
the conduct of the accounts will be considered.
 The scheme will not be applicable to those exporters who are blacklisted by
ECGC or included in RBI's defaulter's list or included in Bank's list of watch
category accounts.
 Fixation of Credit Limit
 Line of Credit will be sanctioned for a period of three years with a provision
for automatic renewal under this scheme subject to fulfillment of the terms
and conditions of sanction.

43.  Subject to availability of Foreign Currency, efforts will be made to
meet the PCFC requirements of the Gold Card holders by giving them
priority over other export borrowers. Likewise, Bank will also consider
providing foreign currency term loans to Gold Card Holder on priority
basis.
 Rate of Interest /Service charges
 Relaxation in interest rates upto a maximum of 0.25% .on rupee
export credit based on credit ratings of the exporters. The
concessional rate of interest applicable upto 90 days on post-
shipment rupee export credit will be extended upto 365 days. This
will not apply to overdue bills.
 Bank will offer discount of 10% in charges and fee structure for
various services/transactions.
 The Tenure of Card
 The Gold Card will be issued normally for a period of 3 years and
will be automatically renewed for a further period of three years
unless there are adverse features /irregularities in the account.
Further, bank will have the right to recall the card at any time in
case of any misuse of the card or observance of any violation of
the terms and conditions.

44. NRI BANKING

45. FOREIGN CURRENCY (NON RESIDENT)
ACCOUNTS
NON-RESIDENT EXTERNAL (NRE) ACCOUNTS
 NRE Accounts are Indian rupee denominated accounts that can be
maintained as Savings, Current or Term Deposit.
 Accounts can be maintained individually or jointly with other
NRI/PIO.
 Credits to NRE accounts can be by way of remittance from abroad
in permitted currencies, or by transfer from other NRE/FCNR
accounts.
 The entire balance in the account is fully repatriable.
 Loan facility available against the security of NRE Term deposits.
 Interest income is free from income tax
 Premature closure of deposit is permitted subject to conditions
 Operation in the account allowed by duly executed power of
attorney or mandate for local payments.
 Nomination facility available. Nominee can be resident Indian.

46. NON RESIDENT ORDINARY(NRO) ACCOUNT
 NRIs and PIO can maintain NRO account for bonafide local
banking transactions denominated in Rupees, not involving
any violation of the provisions of FEMA and rules and
regulations made thereunder.
 (Note: Opening of accounts by individuals/entities of
Bangladesh / Pakistan nationality / ownership requires prior
approval of Reserve Bank of India)
 When a resident Indian becomes non resident, the existing
account in India will be designated as NRO account.
 The accounts can be in the form of savings, current or term
deposits.
 Joint account with other NRI(s)/PIO or close resident relative
is permitted.
 Remittances from abroad and legitimate dues in India of the
account holder can be credited to the account.
 Interest income is subject to income tax.

47. NON-RESIDENT ORDINARY(NRO) ACCOUNT
 The following debits are permitted in the account
 (i) All local payments in rupees including payments for
investments in India subject to compliance with the
relevant regulations made by the Reserve Bank.
(ii) Remittance outside India of current income like rent,
dividend, pension, interest, etc. in India of the account
holder.
(iii) Remittance up to USD One million, per financial year
(April-March), for all bonafide purposes,to the satisfaction
of the bank.

48. RESIDENT FOREIGN CURRENCY (RFC) ACCOUNT
 A Resident Foreign Currency account in India can be maintained by a
Non-resident Indian who has returned home for permanent settlement,
after staying abroad for a minimum period of one
year. An RFC account can be opened without any regulatory approval
from the Reserve Bank of India.
 RFC accounts can be maintained in USD/EUR/GBP/JPY/AUD/CAD in
the form of Savings / Term Deposit
 Credits to the account can in any of the following means:
 Balances standing to the credit of NRE and FCNR accounts at the time
of return
Income from overseas assets or sales proceeds from overseas assets
Entire amount of pension received from abroad

Balance in the account can be remitted abroad for bonafide purposes
either for yourself or your dependants.
If you decide to go abroad again you can transfer your funds to
NRE/FCNR account(s)
Interest earned on RFC account is subject to tax.

49. NRI HOME LOAN SCHEME
 For purchase /construction of residential building in
India or for repair/renovation of existing houses
 Eligibility a) Maximum 80% of construction or
purchase cost – maximum INR 500 lacs
b) Maximum INR 5 lacs for repair and renovation
c) Minimum monthly income of applicant should be
INR 10000
 Repayment period - Maximum 180 Equated
Monthly Instalments (EMIs) for
construction/purchase and 60 EMIs for
repair/renovation

50.  If property is let out on rent, entire rental income
should be paid to the loan account
 Repayment by close relative in India permitted
 Holiday period for repayment 6 months for
acquisition, 12 months for construction and 3
months for repair/renovation
 Mortgage of property as security
 Processing fee applicable

51. RURAL BANKING

52. AGRICULTURAL SHORT TERM LOANS
 New Kisan Credit Card :
• Objective : To meet investment and credit
requirements of farmers.
• Eligibility : Existing farmer clients & also the
prospective farmers
• Margin : Upto Rs 100000 – Nil
Above Rs 100000/- 15 % to 25 %
• Repayment : Term loan - Max. 5 years
• Security : Upto Rs 100000 – Hypothecation of
crops / assets created out of loan.
Above Rs 100000/- Suitable Collateral

53.  AGRI GENERAL PURPOSE CREDIT CARD
• Objective : To provide liquidity to meet any financial
needs relating to Agricultural Investments or
Consumption.
• Eligibility : Customers in rural and semi-urban
areas, members of Self Help Groups and Joint
Liability Groups
• Amount : Maximum Rs 25000
• Security : Nil
• Rate Of Interest : At Prime Lending Rate

54. BANKASSURANCE

55. LIFE INSURANCE
 Any IOB branch caters to personal insurance
requirements .
 IOB has a platter of personal Insurance products
from LIC of India on offer to meet customer needs

56. GROUP INSURANCE
 IOB offers Insurance linked products with group
insurance cover provided by LIC of India. Some of
the group life products are as follows:
 Life cover of Rs.1 Lac (Accidental Death -Rs.2 Lacs)
to our account holders under IOB- Jeevan.
 Life cover for our home loan borrowers under
Liability Insurance Scheme.
 Life Cover for Students availing Educational Loans
and also for their parents under Vidya Jyothi with
Suraksha.
 Life Cover for students studying in Colleges under
Vidya Suraksha

57. MUTUAL FUND SCHEMES
 Bank is distributing mutual fund schemes of top
performing Mutual Funds to cater to the investment
needs of customers and others as Corporate
Distributor.
 IOB distributes all the New Fund Offers of the Mutual
Funds and also facilitate investment in the ongoing
schemes.
 Investments in mutual fund schemes can be routed
through the bank branches.

58.  Some Mutual Fund Schemes are :
• Sundaram BNP Paribas Mutual Fund
• Franklin Templeton Asset Management (I) Pvt. Ltd.-
• Principal Pnb Asset Management Company Private Ltd-
Equity.
• Principal Pnb Asset Management Company Private Ltd.-
Debt
• Tata Mutual Fund-Equity Scheme
• Tata Mutual Fund-Debt Scheme
• Kotak Mutual Fund
• LIC Mutual Fund
• UTI Mutual Fund
• DBS Chola Mutual Fund

59. THANK YOU!

60. http://www.unitedworld.edu.in/
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