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

What is Certificate of Deposit & How to Buy in India: Meaning & Minimum Amount

A certificate of deposit (CD) is a form of savings product in which interest is accumulated on a single amount of money for a defined period. The Certificate of Deposit of the RBI governs this dematerialized fixed-income financial product. In this instance, the withdrawal sum is promised upfront. Any commercial bank or financial institution in India is able to provide it. Savings accounts and CDs are not the same because a CD requires that the money remains in it for the entire term to prevent fees and interest loss. The purpose of a CD is to express in writing—much like an FD—that you have made a deposit of money with a bank for a specific amount of time, for which you will get interest based on the sum and the length of the warranty.

Indian Bank Mobile Banking and How to Activate: Login and Registration

Indian Bank is a government or public sector bank, founded in 1907 and headquartered in Chennai. It is 7th largest bank in India. Recently in 2019, it went through a merger and took over Allahabad Bank, which is now a subsidiary of Indian Bank. It serves more than 100 million customers through 5,721 branches and 5,428 ATMs across India. It offers a range of services for its customers such as funds transfer, paying utility bills and so on. Out of these, many bank services can be accessed by their Indian Bank Mobile Banking Application. IndOASIS is Indian Bank Mobile Banking Application which can be easily downloaded from the Google Play store or Apple App Store.

ICICI Bank Netbanking

As India's second-largest private sector player in terms of asset size, the 28-year-old bank, and a 67-year-old institution, ICICI Bank has been a trailblazer when it comes to digital banking or internet banking in India.

Canara Bank Passbook: Download, Application, Login, Statement, & Online

A bank passbook is a physical notebook that holds information related to all banking transactions including elements like credits, debits, loans, and many more. Every bank in India provides a passbook to its customers to help them keep track of their accounts. But with the evolution of technology, many banks today also offer a digitalised version of the passbook. For customers of Canara Bank, Canara Bank passbook is also available in a digitalised version that you can access through the bank's mobile application. To know more about the Canara passbook, scroll down and read on further.