Indian Overseas Bank Timings

Post lockdown, Indian Overseas Bank has restored its operations for the customers. All branches will remain open from 10:00 AM to 4:00 PM every day except on 2nd and 4th Saturday, Sundays, and bank holidays. The bank is also furnishing precautionary measures and emergency credit loans to mitigate the disruptions caused by the spread of Coronavirus in India. 

All banking services including passbook printing, account opening, cash deposit and withdrawal, cheque clearing, remittances and government transactions, and note exchange services are now available at the bank.

The customers visiting the branch offices are advised to take necessary precautions. 

• Customers will not be allowed to enter the bank without a face mask
• Social distancing should be maintained at the bank
• Customers should sanitise properly before and after leaving the premises
• Proper queues should be maintained
• Customers should not visit the bank unless absolutely necessary

Bank Advisory: All account holders are requested to use IOB Mobile Banking and not visit the branch offices, unless absolutely necessary.

NEFT Timings

NEFT transactions in Indian Overseas Bank are processed in hourly batches between 8:00 AM to 7:00 PM every day (except on 2nd and 4th Saturday, Sundays and bank holidays).

RTGS Timings

RTGS transactions are processed in Indian Overseas Bank branch offices between 8:00 AM to 4:30 PM every day except on 2nd and 4th Saturday.

Note: The bank remains closed on the 2^nd and 4^th Saturday of every month.

* Indian Overseas Bank timings vary from branch to branch.

People can visit the bank during working hours to conduct their business with the bank. However, customers cannot conduct business with the bank on 2^nd, 4^th Saturdays, Sundays, or gazette holidays.

There is no specific time during which the bank halts its services to let its employees take lunch. The employees take lunch break in shifts for the customer’s benefit. They usually take lunch around 1 PM and 3 PM. Clients can walk into the bank during this time also to conduct their business.

Indian Overseas Bank NEFT transactions take place in hourly batches. NEFT timings as per the Reserve Bank of India are:

Indian Overseas Bank RTGS cut off times for weekdays and weekends are:

Customers who wish to visit their lockers at Indian Over-seas bank must do so within the bank’s working hours. There are no separate locker visitation timings at the bank. Clients who wish to apply for a locker can do so by visiting the bank during its operating hours itself.

Indian Overseas Bank was established to encourage overseas banking and foreign exchange operation. The bank was established by Thiru.M. Ct. M. Chidambaram Chettyar in 1937. Indian Overseas Bank opened its branches in Sri Lanka, Thailand, Malaya and Hong Kong after the Second World War. The bank then onwards continued to open more branches across the world. In the 1960s IOB consolidated many weak banks such as Coimbatore Standard Bank, Nanjinnad Bank, Coimbatore Vasunthara Bank, Kulitalai Bank, etc. Indian Overseas Bank was nationalized in 1969 by the government of India. In 2000 IOB went public by engaging in Initial Public Offering. The government of India currently holds 75% of the bank’s equity.