What is the Full Form of IOB?

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The full form of IOB is Indian Overseas Bank. Established in 1937 by Thiru. M. Ct. M. Chidambaram Chettyar, this public sector bank offers a wide range of banking and financial services to individuals, small and medium-sized enterprises, and corporations. Today, the Indian Overseas Bank is among the most successfully thriving banks in India, with branches across the country. Moreover, it also has branches in Singapore, Dubai, and Hong Kong. 

Also Read: What is the Full Form of IBPS?

Services Provided by the IOB

The Indian Overseas Bank offers a wide range of financial services to its customers such as:

  • Loans: IOB offers different types of loans including car loans, personal loans, home loans, and education loans.
  • Mobile banking: IOB provides different types of banking services through its efficient Internet banking platform. This allows customers to access their accounts, view past transactions, pay bills, and do other tasks. 
  • Deposit products: Users can use the services of the Indian Overseas Bank by going for its savings accounts, FD accounts, and current accounts. 
  • Credit Cards: IOB offers everything from standard credit cards to platinum credit cards and gold credit cards. 
  • Investment services: IOB customers can also go for different investment services such as insurance plans, pension plans, and mutual funds.
  • Foreign exchange services: Foreign exchange services are another benefit of the Indian Overseas Bank.  

Also Read: What is the Full Form of BOI?

What is the Aim of the IOB? 

The aim of the Indian Overseas Bank is:

  • To provide its customers with a plethora of financial services ranging from loans and credit cards and investments to loans, insurance, and more.
  • It aims to extend its services to NRIs by expanding branches in and outside India. 
  • The Indian Overseas Bank also aims to promote financial inclusion. 
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We hope this blog has helped you understand the full form of IOB and everything related to it. If you want to know more, find the general full form list on our blog. In the world of short forms, you can rely on the Leverage edu page to know about more full forms like this! Connect with us study abroad experts to achieve your international dream today!

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