- It is particularly launched for the growing millennial population in the country by keeping their banking preferences in mind.
- To have an IOB Trendy account, the customer should be between the age of 21-38 years. The account can be opened in a self or joint manner. In the case of a joint account, the primary holder has to be a millennial at the time of account opening.
- The ‘IOB Trendy’ comes up with no ‘Opening Balance’ requirement, therefore no charges will be levied for the first month for non-maintenance of balance.
- The customer needs to maintain a daily minimum balance of Rs 10,000 or a daily minimum balance of Rs 5000 and a digital turnover (transactions using IOB ATM / CDM / IOB Mobile Banking or Internet Banking fund transfer / IOB UPI transactions or IOB Debit card POS transactions) of a minimum of Rs 2000 per month.
- The account also offers a free personalised accident (death) insurance cover facility of Rs 5 lakhs, if the quarterly average balance is Rs 1 lakh and above.
- Static Part:
- HQ of IOB: Chennai, Tamil Nadu
- Tagline of IOB: Good People to Grow with
Question:
a. IOB Millions
b. IOB Trendy
c. IOB Sampanna
d. IOB Wealthy
