Indian Overseas Bank (IOB) Net Banking: All You Need to Know About

Indian Overseas Bank (IOB) is one of the oldest banks of India, This bank was amongst those 14 Banks which were nationalised in 1969 and currently, this bank has 195 branches and is present in 4 countries i.e. Singapore, Thailand, Hong Kong and Srilanka.

IOB facilitates their customers with a wide variety of services anytime, anywhere with the help of Net banking which allows their customers to meet their financial goals and secure their future.

Now, let us discuss this in detail about IOB bank’s net banking features, registration, login and other varied things.

Features and Services of Indian Overseas Bank (IOB) Net Banking

Some of the services offered by IOB Bank Netbanking are as follows:

Account Management: IOB Bank Netbanking facilitates their customers to manage their savings and current account and also can manage credit cards if required can change their address, phone number etc. without going to the IOB bank branch and they can see their account balance, transaction history and can download their account statements also.
Borrowing Services: With the help of IOB bank Net Banking the customers can apply for loans and track their application apart from applying for loans they can also view their loan history, repayment schedule, and loan balance and can download interest certificates, update their PAN etc.
Payment Services: Through the IOB bank Net banking the customers can pay their utility bills, and credit card bills and can set the remainder for automatic bill payment.
Fund transfer: IOB bank Netbanking facilitates their customers to transfer funds to other IOB bank accounts as well as other bank accounts through IMPS, RTGS, NEFT and UPI.
Investment: IOB bank Netbanking provides a platform for various investment options to its customers like mutual funds, fixed deposits, insurance and various government savings schemes.
Online Shopping: IOB Bank customers can go online shopping and can make payments securely through the Debit card and credit card.

How to Register for Indian Overseas Bank (IOB) Bank Internet Banking

IOB Bank internet banking facilitates customers to perform a wide range of transactions from anywhere, anytime. IOB Bank provides this service to every customer and they can register free of cost.

Here are the steps to follow for the registration for Net banking in IOB Bank:

Step 1: Go to the IOB Internet banking official website: https://www.iobnet.co.in

Step 2: Select the ‘Register’ option provided below the “Personal Login” tab.

Step 3: Enter your account number, email ID, country and Mobile number.

Step 4: create your Login ID and password of the user’s choice and Submit.

Step 5: After the successful validation the user will get two options for self-activation:

Through Debit card validation
By visiting the branch.

Step 6: If the user does not get the option of self-activation, then the user will be directed to activation through the branch and:

An OTP will be sent to the registered mobile number.
On OTP verification customers will receive an Internet banking branch approval form to download and take the printout and data will be saved.

Step 7: If the user opts for activation through the branch then follow step no 6.

Step 8: If the user opts for self-activation through a Debit card then follow this process:

Enter the debit card number
The expiry date of the card
Debit card PIN.

Step 9: Click on ‘Submit’ and then an OTP will be sent to the user’s registered mobile number on successful verification of OTP and card details internet banking will be approved and a message will be displayed in front of the customer.

Note: If the debit card validation fails login ID created will not be saved and customers need to go through the registration process again.

Step 10: On successful ID creation the login ID will be approved without a fund transfer facility.

Step 11: If required, the customer can activate the fund transfer facility using the “change fund transfer “ option provided under the “Edit Profile” tab post again.

Step 12: Customers need to generate a fund transfer PIN at the “Forgot PIN/Generate PIN” option provided under the “Edit Profile” tab post-login.

Step 13: Customers need to assign a daily fund transfer limit at the “change daily limit” option under the “Edit Profile” tab post-login.

IOB Bank Internet Banking Login Procedure

Here is a step to login to the IOB Bank Internet Banking:

Step 1: Visit the official website of IOB Bank (https://www.iobnet.co.in)

Step 2: Click on the Personal Banking option.

Step 3: Click on the “Internet banking Login”.

Step 4:Enter the user ID and enter the login password.

Step 5: Click on the ‘Submit’ and proceed.

How to Reset IOB Bank Net Banking Password

Here are the steps to reset your IOB Bank Net Banking password:

Step 1: Open the official website of IOB Bank

Step 2: Select the account type i.e. ‘Personal’ or ‘Corporate’.

Step 3: Click on the ‘Forgot password’ option.

Step 4: Enter the login ID and account number and click on ‘Submit’.

Step 5: Enter email Id and captcha code.

Step 6: Click on the ‘Continue’ option and enter the OTP sent to your registered mobile number.

Step 7: enter your new password confirm it and then click on ‘Submit’.

Advantages of IOB Bank Net Banking

Nowadays everything is available with a tap of a finger with the help of the internet and Online transactions have made our life easy and very convenient, let us discuss some potential advantages of IOB Bank Internet Banking:

Convenient: You can open your account through internet banking and can operate from anywhere and anytime also you can make payments on your utility bills and can transfer funds easily and Internet banking keeps a comprehensive record of your transactions.
Accessibility: You can do the transaction from anywhere or anytime it does not matter whether the bank is closed or on a public holiday is there, one can do the transaction 24*7.
Ease of Fund Transfer: This is very fast and efficient and can easily transfer your funds from one account to another in a hassle-free way.
Safe and Secure: Through IOB Bank Internet banking the transactions you do are very secure and can help to keep a watch on your account balance it also reduces the threat of any fraudulent activity before any severe damage it can cause to your account and can resolve it immediately without any delay.
Other services offered: You can get updates regarding any new investment options, loans and offers available on shopping and purchasing which benefits you to save your money.

How to Transfer Funds Through IOB Bank Internet Banking

There are various ways through which you can transfer money with the help of IOB Bank Internet banking and those are NEFT, RTGS, IMPS and UPI.

These are available 24*7 365 days and can transfer your funds securely with the help of these channels.

These are the steps to follow to transfer the funds with IOB Net banking:

Step 1: Log in to the IOB online banking.

Step 2: Enter your Login Id and password.

Step 3: Go to the ‘Payments’ option and select ‘Fund Transfer’.

Step 4: Choose the appropriate option from the Fund transfer tab as it displays 3 options i.e:

Transfer within IOB accounts
Transfer to self-account
Transfer to another bank account

Step 5: Enter the required details such as Beneficiary account, name, IFSC and transfer amount.

Step 6: Verify the details and click on ‘Transfer’.

Step 7: Enter the OTP sent on the user’s registered mobile number.

Step 8: After successful authentication funds will be transferred.

Frequently Asked Questions

How much amount I can transfer through Indian Overseas Bank NetBanking?

There is no restriction on the amount for NEFT transactions, and you can transfer funds online at any time, day or night, using IOB netbanking or mobile banking services.

How to secure IOB NetBanking?

To secure your IOB NetBanking account, Always look for the padlock symbol at the bottom to make sure your connection is safe. Check your internet banking account often, and be sure to log in and out the right way. You can also set-up two-step verification for added security.

How does IOB NetBanking work?

With IOB Internet banking, you can do several banking tasks online. You can easily transfer money between your own accounts, send money to accounts held at any Indian Overseas Bank branch, and even make transfers to accounts at other banks.

What is the minimum balance in IOB NetBanking?

You can transfer as low as ₹ 1 through the IOB IMPS and NEFT facility.

What is the daily limit for IOB NetBanking?

The default daily limit for IOB NetBanking is ₹ 2 lakhs. However, there is no upper limit for funds transfer. You can increase your daily limit using Internet Banking.

Why I am unable to access IOB NetBanking?

The Customer ID you’re using to log in is either not registered for NetBanking or it could belong to another account holder who isn’t registered for NetBanking. You can contact your bank branch to get the correct customer ID.

Is ATM card required to open IOB NetBanking?

Yes, it is necessary to have an ATM card to open IOB NetBanking. However, if you do not have the ATM card, you can connect to your bank branch and fill-up a form to directly open NetBanking.

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Anshul Gupta

IIT Roorkee Alumnus and CFA with experience of structuring debt products worth more than 15000Cr for institutional and retail investors.

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