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Valid Till : 30-05-2025
Valid Till : 30-05-2025
Best customer service
Vellalagundam
No 104/1B
Selliamman Nagar
Vellalagundam
Salem, Tamil Nadu - 636111
Near Selliamman Temple
Open 24 HoursVazhapadi
SF No 32/2, Subbu Complex
Attur Main Road
Vazhapadi
Salem, Tamil Nadu - 636115
Vazhapadi
SF No 32/2, Subbu Complex
Attur Main Road
Vazhapadi
Salem, Tamil Nadu - 636115
Chinna Goundapuram
No 18264
Ramalingapuram
Chinnagoundapuram
Salem, Tamil Nadu - 636106
Near Attur Main Road
Open until 05:00 PM
Indian Overseas Bank (IOB) was founded on 10th February 1937 by Shri. M.Ct.M. Chidambaram Chettyar, a pioneer in many fields. The Bank was founded by him with the main objective of specializing in foreign exchange business in banking to take the Bank across the globe. IOB started business simultaneously at Karaikudi, Chennai and Rangoon in Burma (presently Myanmar) followed by a branch in Penang, Malaysia. At the dawn of Independence IOB had 38 branches in India and 7 branches abroad and Deposits stood at Rs. 6.64 Crores and Advances at Rs. 3.23 Crores at that time. IOB was one of the 14 major banks that were nationalized in 1969. On the eve of Nationalization in 1969, IOB had 195 branches in India with aggregate deposits of Rs. 67.70 Cr. and Advances of Rs. 44.90 Cr. Bank presently has its overseas presence in 4 countries - Singapore, Hongkong, Thailand and Sri Lanka.