iob.in Savings Account Opening Registration : Indian Overseas Bank

Organisation : Indian Overseas Bank
Facility : Savings Bank Account Opening Registration

Registration here : https://www.iobnet.co.in:4430/netacopen/netacopen.html
Website : https://www.iob.in/

How To Open IOB Savings Account Online?

Individual/Single Accounts can be opened through this link.
Ac to be opened with a Minimum Amount of Rs.10000.

Related / Similar Facility : IOB Mobile Banking

Guidelines:
1. Click on the link “Register for Account Opening”.
2. Enter all the information correctly as per documents in the form displayed on your screen.
3. Items marked * are mandatory.
4. Verify all the details entered by you and then click on the “Click to Register for Account Opening” Button.
5. A registration successful message will be displayed on the screen along with the registration number. Please note down the same.
6. Keep the printer ready with 3 sheets of A4 paper and click on the button “Print Application”.
7. In case you are not able to immediately print the application, you may use the link “Reprint Application Form” any time and print the application.

Checklist for submission to Bank Officials:
1. Duly signed copy of the application printed above.
2. Recent Passport Size Photographs ( 2 nos).
3. Address Proof declared in the application.
4. ID Proof declared in the application.

Final opening of the account is subject to satisfactory completion of the KYC (Know Your Customer) norms of the bank in force and Conditions governing Savings Accounts

Savings Bank accounts are meant to inculcate Savings habit among the citizens while allowing them to use their funds as per their convenience. The Savings Bank accounts are opened by the bank on proper introduction and also after ensuring that the customer satisfies the KYC (Know Your Customer) norms.

Reserve Bank of India has enforced extant guidelines regarding adherence to the KYC norms by Banks. The Government of India has also brought out a specific act by name Prevention of Money Laundering Act during 2002 to prevent conversion of dirty-money secured through illegal/criminal activities to legal money.

Documents Required For IOB Account Opening

In order to adhere to KYC Policy, the customers are required to submit two passport size photographs of all the depositors/account holders who are authorised to operate the Savings Bank Account besides producing any of the following documents namely
1 Pass port
2 PAN card
3 Voters Identity Card
4 Driving Licence
5 Identity Card (Subject to Bank’s Satisfaction).

The customer is also required to submit any one of the following documents for verifying the correct permanent address namely
1 Telephone Bill,
2 Letter from any recognised Public Authority
3 Electricity Bill
4 Ration Card
5 Letter from employer subject to satisfaction on Bank
6 Propery Tax Book/Receipt
7 Registered Lease Deed.

The introduction may be obtained either from an existing account holder or from a respectable citizen, well known to the bank, who should normally call on the bank and sign in the column specially provided for the purpose of introduction in the Account opening form.

Defence personnel may open Savings Bank Account on the strength of an introductory letter from the Commanding Officer of the unit to which they belong.

However, the Citizens’ are informed that introduction is not merely a formality but is a definite measure of safe-guard against opening of accounts by undesirable persons or opening of accounts in fictitious names.

So the citizen’s are requested not to introduce customers who are not well-known to them or who are not well conversant to them.

Citizens are also required to submit CROP (Customer Record of Profile) form at the time of opening of account. Reserve Bank of India has advised the banks to introduce a system to monitor the transactions put through the Savings Bank and other accounts so as not fall prey to the measures adopted by the fraudsters.