April 26, 2023

What are the Indian Overseas Bank Timings?

Founded in 1937 by Mr M. Ct. M. Chidambaram Chettyar and later nationalised in 1969, Indian Overseas Bank ( IoB) is one.of prominent public sector undertaking with the Government of India being its majority stakeholder with its share pegged at 96.38%.
Headquartered in Chennai, the bank has a strong domestic presence with a network of 3,221 domestic branches, 4 overseas branches across Singapore, Hongkong and Bangkok.
With an asset base of ₹2.74 lakh crores, IoB offers a comprehensive set of solutions through traditional and digital channels.
For example, IoB's netbanking offers a wide array of solution such as :
  • Balance enquiry
  • Last Few transactions
  • Account Statement
  • Cheque Paid Status
  • Deposit Opening
  • Deposit Closure/Deposit Renewal
  • Transfer money to any of your bank accounts
which can be availed 24*7 , without visiting your bank branch.
However, if you have an offline/ physical account with IoB, you need to visit your bank branch to avail services related to passbook printing, account opening, cash deposit and withdrawal, cheque clearing, remittances and government transactions, and note exchange etc.
Whether you opt for a traditional banking account or digital or a blend of both, it is very critical that you are aware of your bank's working timings, its holiday list in advance so that you are better prepared to schedule your banking activities and handle emergency situations.
Let us take a look at IoB's working hours and holiday list.

IoB's Working hours and working day timings:

Working dayWorking timings
For week days [Monday to Friday]10:00 AM to 5:00 PM
1st, 3rd and 5th Saturday of Month10:00 AM to 5:00 PM
2nd and 4th Saturday of MonthClosed
For all SundayClosed
Lunch timeemployees take turns to minimise disruption of services, between 1PM to 2:30 PM
NEFT transferWorking timings
For weekdays Monday - Friday8.00 am to 7.00 pm
Saturday8.00 am to 1.00 pm
2nd and 4th Saturday of every monthClosed
All bank holidaysClosed
RTGS transferWorking timings
For weekdays Monday – Saturday8.00 am to 4.30 pm
2nd and 4th Saturday of every monthClosed
All bank holidaysClosed

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility

RELATED ARTICLES

Bank Of India (BOI) Net Banking - Login, Online Banking, & Registration

Established in 1906, the Mumbai headquartered Bank of India (BoI) is the sixth-largest PSB ( public sector bank) in India with the Government of India being its majority stakeholder at 81.4% as on (September, 2021). Backed by an asset base of ₹725,856 crore (F2021), BoI has a strong domestic presence largely in the rural and semi- urban areas with a network of 5,108 branches and 5,551 ATMs across India ( as on March 31, 2021). In addition, BoI has a presence in 18 countries, worldwide. Catering to both, retail and corporate customers, BoI has a comprehensive netbanking solutions portfolio ranging from online fund transfer, viewing your account statements online, cheque paid status, deposit opening, deposit closure/deposit renewal and much more as per your convenience, anytime, anywhere. Tempted to know more about net banking

Indian Bank Net Banking - Login & Registrations

As a mid-sized public sector undertaking, Indian Bank has a strong domestic presence and footprints overseas in Singapore, Colombo and Jaffna. Founded in 1907 and headquartered in Chennai, the bank has an asset base of ₹626,005 crore ( FY2022). The government of India is the majority stakeholder with ownership of 79.86% (2022). Indian Bank amalgamated with Allahabad Bank with effect from April 1, 2020.

What is a Commercial Account - Meaning & How to Open

Commercial accounts are specialised financial accounts designed to serve businesses and organisations. They enable businesses to carry out their financial transactions smoothly by providing services tailored for commercial operations. In this post we cover the various aspects of commercial accounts.

NEFT Holidays 2022

Just to simply know about a forthcoming event, gives us a sense of control, sense of preparedness to deal with the event as and when it occurs and some peace of mind, isn't it?. Be it your weekly weather forecast report or monthly sales target or festival holidays or your bank holiday list, knowing the details in advance gives you 'inner peace'. In the context of banking, even though we are in era of digital banking which allows every time, everywhere banking wherein customers can avail services 247365 with just a click, knowing that your bank branch would remain closed on certain days is helpful, is useful to us. Let us take a look at the NEFT holiday list, as a precursor to that, let us understand the concept of the digital banking transaction/payment channel, NEFT (National Electronic Funds Transfer). Introduced in November 2005 by the RBI, NEFT allows retail customers across India to transfer funds electronically from one NEFT bank branch enabled account to either the same or any other bank within India. The NEFT service is available 24x7 ( with effect from Dec 16, 2019 as per RBI guidelines). There is no need to visit the bank branch as NEFT transfers are made through digital channels (net banking and mobile banking) everytime, everywhere, everyone. Besides, the NEFT facility can also be availed for making credit card payments and for payment of loan EMI.