:: Indian Overseas Bank :: Interest Rates

The following are the service and charges we offer.

Transactions	Charges
Drawn on our own branch (In Indian Rupees)	Comm S$5.00 (flat)
Mail Transfers (In Indian Rupees) on our own Branch	Comm S$5/- (flat) & Postage S$3/- (flat)
Account Holder:
debit form SGD acct or payment by SGD cash	1/8% (min of S$10/-)
debit from acct FCY acct: same party	1/8% (min of US$6/-)
debit from acct and issue third party	S$DD on our branch >S$10K, additional S$30/- for sending cover to New York Correspondent.
Payment by foreign ccy notes	1/8% comm in lieu of exchange (min.US$10/-)
From fixed deposits: payable to own name	own name: free (only one allowed)
From fixed deposits: payable to third party	1/8% comm, 1/8% in lieu of exchange (min.US$10/-)
Non-account holder	same as above
Drawn on own bank	1/8%
Drawn on oher banks	1/8%, min S$10/-, US$6/-

Transactions	Charges
Telegraphic transfer:
in SGD to FDR	1/8% + S$30/-
in FCY to FDR	1/8% + S$20/- (for USD acct)
in FCY to other account	1/8% in lieu for transactions in USD currency

Transactions	Charges
Telegraphic Transfer:
In Indian Rupees	Comm S$5/- (flat) & Tlx chgs:S$30/-(flat)
from SGD acct or cash payment in SGD	1/8% (min.S$10/-) 1/8% (min.US$6/-)
from FCY acct, without foreign exchange involves:
a) same party	1/8% min.US$6/-
b) 3rd party	(tlx chg:US$20/-)
	For AUD: AU$20/- + 1/8% POE, min US$6/-
from FCY acct with foreign exchange	same as above
from FCY notes	sames as above
from own fixed deposit	P.O. to 3rd party: S$5/-
(payable to own name and third party)	TT to 3rd party: 1/8%, min US$20/- comm,
from non-acct holder/walk-in customer	tlx chgs:US$20/-
	For own name: P.O. no chgs
	TT own name: only tlx chgs US$20/-
Travellers cheques	1% comm (min of S$10/-) for all currency
Cashiers Orders
Account holder:
payable in own name	S$5/-(flat)
payable to third party
Non-account holder

Transactions	Charges
Fresh sanction of credit limits (for New Applicant))	0.25% of the quantum of limits sanctioned with a minimum of S$500/- and a maximum of S$5000/-
Enhancement/Adhoc limits for existing customers	0.25% of enhanced limits for period of enhancement with a minimum of S$200/-
Renewal of limits without any enhancement for existing customers	S$300/-
Any request for change in sanction terms and conditions	S$100/-
Any certification on credit related matters	S$50/-
Other Certificates	S$25/-

Transactions	Charges
Shipping Guarantees	1/8% of shipping guarantee amount subject to a minimum of US$40/-

Transactions	Charges
Handling charges	For Inward and Outward collection bills outstanding beyond due dates-S$20/- per bill per month.
Other charges	To be collected upfront.

Transactions	Charges
Retrieval of documents	S$10/- per document
Request for credit enquiries/referral letter
Request for cert of bal/Financial Standing	S$10/-
Audit confirmation of account balances	S$25/- and S$30/-
Hold mail services	n.a.
Standing Order:
New Application	S$30 + S$3 = S$33/-
Amendment	n.a.

Transactions	Charges
Cashiers Orders	cancellation S$10/-
	stop payment :nil
Demand draft	S$10/- (Telex charges is applicable)

Transactions	Charges
Per transfer	S$15/-