Indian Overseas Bank (IOB) is a state-owned financial services company with its headquarters located in Chennai, India. Thiru. M. Ct. M. Chidambaram Chettyar, an entrepreneur and lawyer, founded the bank in 1937 with the goal of fostering foreign trade and overseas banking. Currently, IOB serves retail, corporate, and institutional clients in India and globally with a variety of banking and financial products and services. The bank has over 3,400 branches and offices both domestically and abroad, including in Singapore, Hong Kong, and Dubai.
What is IOB Net Banking?
The online banking services offered by Indian Overseas Bank (IOB) are referred to as IOB Net Banking. Customers can easily manage their IOB bank accounts with net banking services from any location at any time by using a computer or mobile device with an internet connection.
Customers of IOB can access their account statements, transfer money, and pay bills online with IOB Internet Banking. View the information on this page regarding the IOB net banking registration procedure, features, and services.
Features of IOB Net Banking
- Self Registration – Individual/Retail Customers (with Self Operated, EorS only mode of operation) will have the choice to activate Internet Banking through branch or by validating their debit cards (self activation) when they register for Internet banking.
- Debit Card Activation – Facility to IOB Debit cardholders(Individual/Retail customers) to activate newly issued ATM debit cards through the NetBanking channel. The menu is available under IOB Cards–>IOB Debit Card–>Activate New Debit Card
- Debit Card Green PIN generation – Individual/Retail Customers can generate a Green Pin using the menu available in Internet Banking under IOB Cards–>IOB Debit Card Pin–>Set Green Pin.
- Temporary daily transaction limit – Customers can request that their account maintenance branch assign a temporary limit. The temporary limit can be assigned for a maximum of 30 days.
- Per transaction limit – Non-individual/Corporate Customers can request their account maintaining branch to assign separate per transaction limit. The per transaction limit can be assigned to the overall daily limit.
- OTP via Email feature for Individual/Retail Residents – Contacting their Branches will allow Individual/Retail Customers who are traveling for a brief time to temporarily activate Email OTP.
- IPO – Profile Registration – Customers are given the option for profile registration under IPO–>Profile Registration.
Document Required for IOB Net Banking
- Copy of your Bank Passbook
- Copy of Aadhaar Card
- Copy of Pan Card
- Passport Size Photos
What is IOB Net Banking Registration process?
- User needs to go to IOB Internet Banking home page
- Click the “Register” link that appears below the “Personal Login” button.
- The user must provide their basic data, which includes their country, mobile number, email address, and 15-digit account number. Create an online banking login ID, choose a password, and hit the submit button.
- Upon successful validation, the user will be able to choose between activation through a branch or self-activation (using debit card validation). The user may choose to move forward with any option.
- f the user is not qualified for self-activation following validation, they will be referred to Branch for activation, and… To the customer’s registered mobile number with CBS, an OTP will be delivered. The Internet banking branch approval form will be downloaded and printed by the customer upon OTP verification, with the data being preserved.
- If the user selects ‘activation through branch’, then steps as in point 5 will be followed. 7. If the user opts for self-activation, steps as in point 8 will be followed. If the user opts for self-activation (through debit card validation), he/she will be required to enter the following details: a. Debit Card Number b. The expiry date of the debit card c. Debit Card PIN
- On submitting the above details, OTP will be sent to the user’s mobile no. registered with the Bank. On successful verification of OTP and card details, Internet banking will be approved without fund transfer and following message will be displayed to the customer regarding same:
Steps to Activate IOB Net Banking
- Customers can quickly log in at www.indianbank.net.in, the Indian bank’s online site, and choose “New User” under “Register online.”
- After entering your registered mobile number and account number, click “Submit.”
- You will receive an OTP on the registered mobile number you provided. In the appropriate field, type the OTP details.
- Once the OTP is verified, fill the remaining fields on the page with respect to D.o.B, email id etc.
- After this, the customer has the option of selecting the kind of online access he/she desires, whether ‘view only’ or ‘view and transact’.
- You are now ready to create your login password for the net banking account.
- You will see a pop-up stating that the registration procedure was “successfully completed” on your screen after all the data has been verified.
- Users can now reset their transaction password and login once again with their customer ID and reset their password.
How to login to IOB Net Banking?
- Step 1: On your browser, type official website and hit the enter button.
- Step 2: Click on “Personal Login”
- Step 3: Enter your Login ID, password and Captcha.
- Step 4: Select Login.
What is IOB Corporate Banking?
The financial needs of corporations and enterprises are met by IOB Corporate Banking. Corporate loans, trade finance, working capital financing, cash management, treasury services, and investment banking solutions are just a few of the services it provides. Through individualized support, advanced offerings, and strong digital channels, IOB Corporate Banking helps companies effectively manage their cash, maximize liquidity, and meet their growth goals
How do I login to the IOB Corporate Net Banking?
- Step 1: Enter the official website iob into your browser and press the enter key.
- Step 2: If you have an IOB corporate account, click “Corporate Login”.
- Step 3: Put in your password, Captcha, and login ID.
- Step 4: Click on Login.
How to Check Balance through IOB Net Banking?
- Step 1: Go to the official page of IOB Bank
- Step 2: Login to Internet banking.
- Step 3: Enter your Login ID & Password
- Step 4: Select Account – Balance Enquiry
Now, your available balance & current balance of the account will be displayed
How to Send Money Using IOB Net Banking?
- Step 1: Log in to Indian Overseas Bank official website with your credentials.
- Step: 2: Navigate to the “Fund Transfer” option.
- Step: 3: Please select ‘IMPS Funds Transfer’
- Step: 4: From the drop down of beneficiaries, please choose the beneficiary you wish to send the funds to.
- Step: 5: confirm the transaction by entering the amount
- Step: 6: Once the transfer is successful, you will receive a confirmation from the bank via SMS and email.
How to Update Your Password for IOB Online Banking?
- Step 1: Log in to the IOB Bank’s official website.
- Step 2: Navigate to the password section. Step 3: Select “Forget Password” from the menu.
- Step 4: Enter the new password now and make sure it’s the same.
- Step 5: Select “Submit” by clicking on it.
You can now log in to the site after realizing that your password has been changed.
How to Check Your Balance with IOB Net Banking?
- Step 1: Visit the official IOB Bank website.
- Step 2: Go to your online bank account and log in.
- Step 3: Enter your login ID and password.
- Step 4: Select Account and Verify Balance
Both the current balance of the account and your available balance will now be displayed.
How Can IOB Net Banking Be Used to Pay Credit Card Bills?
To use Indian Overseas Bank’s online banking to pay your credit card bill, simply follow the instructions listed below.
- Step 1: Visit the IOB net banking page and enter your login information.
- Step 2: Designate your credit card as a beneficiary in your IOB net banking account.
- Step 3: Pay your credit card balance in full.
In addition to providing these services, IOB net banking offers a number of other features that may benefit users.
IOB Net Banking – Daily Limits and Charges
The minimum transaction limit keeps changing for NEFT, RTGS, and IMPS transactions. However, the maximum limit of daily transactions is ₹2,00,000.
Following are the charges associated with IOB internet banking:
| Mode of Transfer | For Amounts Below ₹10,000 | For Amounts Between ₹10,000 and ₹1 lakh | For Amounts Between ₹2 lakh and ₹5 lakh |
| NEFT | ₹1 | ₹3 | ₹19 |
| IMPS | ₹2.50 | ₹5 | ₹15 |
| RTGS | NIL | NIL | ₹24 |
IOB Net Banking Customer Care
While using IOB internet banking services if you face any issues, you can contact the customer care number. These numbers include:
| Toll-free number | 1800 425 4445 |
| Customer care department number | 044-28519568044-28525496044-28587353 |
Also, there are different contact numbers and email IDs available that you can contact when facing an issue:
| UPI or BHIM-related issues | +91 44 285242121800 425 4445 | [email protected] |
| NEFT or RTGS-related issues | 044-2888 9397044 2858 896 | [email protected] |
| IMPS related issues | +91 44 285242121800 425 4445 | [email protected] |
| Internet Banking or Mobile Banking related issues | 044-2888 9350044 2888 9338 | [email protected] |
IOB Head Office
- Also, you can visit the headquarters at the physical address of Indian Overseas Bank, to register your complaint.
- Postal Address – Central Office
- 763 Anna Salai,
- Chennai – 600002
- Phone – +91 044 2852 4212
Advantages & Disadvantages of IOB Net Banking
1. Advantages
- Convenience: IOB net banking allows customers to perform various banking transactions conveniently from anywhere with Internet access, reducing the need to visit a physical branch.
- 24/7 Access: Customers can access their accounts and perform transactions at any time of the day, including weekends and holidays, providing greater flexibility.
- Transaction Monitoring: Customers can monitor their account activities in real-time, enabling them to track transactions, check balances, and detect any unauthorized activity promptly.
- Online Bill Payments: IOB net banking facilitates the payment of utility bills, credit card bills, and other expenses online, saving time and effort.
- Fund Transfers: Customers can transfer funds between their own accounts, to other IOB accounts, or to accounts in other banks using NEFT, RTGS, or IMPS, making money management easier.
2. Disadvantages
- Security Risks: Online banking exposes customers to cybersecurity risks such as phishing attacks, malware, and hacking attempts, which could lead to financial losses or identity theft if not adequately protected.
- Technical Issues: Users may encounter technical glitches, system downtime, or maintenance periods, disrupting their ability to access banking services or perform transactions online.
- Dependency on Internet Connection: IOB net banking relies on a stable internet connection, so customers may face challenges accessing their accounts or conducting transactions in areas with poor connectivity.
- Limited Services: Some banking services may not be available through net banking, requiring customers to visit a physical branch for certain transactions or assistance.
- Learning Curve: Users who are not familiar with online banking may find it challenging to navigate the net banking platform initially, requiring time and effort to learn how to use it effectively.
Final Word
In conclusion, IOB net banking provides a convenient and accessible way for customers to manage their finances online, offering services such as account monitoring, bill payments, fund transfers, and online investments. While it offers numerous advantages in terms of convenience and flexibility, users should remain vigilant about cybersecurity risks and be aware of the potential limitations and challenges associated with online banking
FAQs
Yes, Indian Overseas Bank offers you a dedicated mobile application so that you can easily access all the net banking services on your smartphone. You can easily download the application from the Apple Store or Google Play Store for the respective devices.
Yes, you can easily transfer money to people with accounts in other banks via NEFT, IMPS, and RTGS. However, you will need to enter their bank account number, IFSC code, mobile number and other relevant details.
Some of the advantages associated with IOB net banking include the availability of services throughout the year, ease of paying bills and loan instalments, instant transfer of funds, hassle-free transactions and simple tracking of account transactions.
Yes, a GST of 18% is available on various banking services and products offered at IOB net banking. So, when you are using their services, you need to keep this additional expense in mind.
Yes, you can register for net banking at the physical branch of Indian Overseas Bank. Visit the branch and request a net banking form. Fill it out and submit the form along with the necessary documents. Once done, you will receive the IOB net banking login details via SMS.
With the help of IOB net banking easy & quick transfer of funds take place, real-time tracking of these transaction is also possible which is huge benefit for the IOB Net Banking user
Because it is easy to use & understand for a normal person. Moreover in each step bank is always ready for helping their users which leads to increase the usuage of net banking
Transaction Monitoring: Customers can monitor their account activities in real-time, enabling them to track transactions, check balances, and detect any unauthorized activity promptly.
Online Bill Payments: IOB net banking facilitates the payment of utility bills, credit card bills, and other expenses online, saving time and effort.
IOB is Indian Public sector bank having its Head office in Chennai
