Hello Everyone! How are you all? Hope everyone is fine and doing well. So, are you looking for transfer of your Indian Overseas Bank account? If yes then this post might be helpful for you. We will be discussing complete detail on this. After reading complete post, all your doubts will be cleared. We will also share a sample application letter for it. Your account can be in any branch but with below steps you can transfer to anywhere in India. It is very simple and easy. Also go through FAQs section for more insights. So, read the post till the end to know in details: How to Transfer Indian Overseas Bank Account?
Transfer Account from Once Branch to Another Online
Note: There is no online process to transfer Indian Overseas Bank account. You need to submit a request with the help of an application letter to do the same.
Below a sample application letter has been provided for your reference.
How to Write an Application Letter for Account Transfer of Indian Overseas Bank (IOB)?
So, use below application for writing the application. Write the application in an A4 size page with blue or black ink.
To
Branch Manager
Indian Overseas Bank
Branch Name
City, State.
Subject: Request to Transfer My Bank Account No.- XXXXXXXXX
Respected Sir/Madam,
I Mr./Miss XYZ having a bank account whose account number is xxx-xxx-xxx-xxx, residing at [address]. Today I am writing this letter because I want to transfer my account to a new branch.
The reason why I am transferring this account is that I have been transferred to a new city due to my job requirement. So, it will be difficult for me to manage this account from a new city. I have already attached new branch details, bank passbook, ID and address proof along with this application.
So, request to transfer this account as soon as possible.
Account Number: XXXXXXXXXX
New Branch Name: XXXXX
Branch Address: XXXXXX
IFSC: IOBAXXXXX
Branch Code: XXXXX
Thanking You
Your Faithfully,
(Your Name and Signature with Date)
Account No.- XXXXXXXXXXXX
Note: Please visit your old branch with above application. Once account is transferred, visit new branch with ID and address proof for KYC and getting new passbook.
Download Application: Download IOB Application Format
Things to be submitted during account transfer:
Application must be submitted to the home branch (Base Branch)
Should surrender the existing cheque book/unused cheque leaves
IOB Account Transfer Form
You can also collect account transfer form from branch. Fill all the details correctly. Once all the details filled, submit the form. Within 5-7 days, account will get transfer to new branch.
How to Find SWIFT Code of Indian Overseas Bank Online?
Watch video on this: View
Frequently Asked Questions (FAQs)
Can I transfer online?
No
What details are required?
You need IFSC code, branch code and address which needs to be mention in the application. You will get this information through Google.
Can I request for it in any branch?
No. You need to request and submit the application in home branch only.
Is it safe to transfer?
Yes
What documents are to be submitted?
You can submit Aadhaar and PAN card.
Is there any charge?
No
Can I also collect account transfer form from branch?
Yes. You can also collect account transfer form from branch and submit it
How to block ATM card online?
So, read here How to Block Indian Overseas Bank Debit Card?
How many days it takes?
Normally, 3-5 days
How to write application?
Use above sample application letter and feed your details. Write the above letter in an A4 size paper with blue or black pen.
What if it does not get transfer in 3-5 days?
You can request officials to proceed fast.
How I will know that it is being transfer?
You need to contact new branch and ask the officials.
How new address will update?
Once you will share KYC documents (such as Aadhaar, PAN), new address will appear in your new passbook.
What about my account balance?
Account balance will also be transfer.
What are things needs to return?
Unused Cheque Book
Helpline Number: 18008904445, 18004254445
More details at IOB official website.
Register for Internet Banking in Indian Overseas Bank
Conclusion
Well, there is no online process to transfer your account. One needs to visit branch for it. So, visit branch with the above letter and submit the same. Also return the unused cheque book. You can also ask bank officials about expected days for this process. Accordingly, visit new branch with ID and address proof. Once KYC is done, you will get a new passbook. You can also see the new branch details in your mobile and net banking. This is how you can change your account branch in Indian Overseas Bank.
So, this is all about How to Transfer Indian Overseas Bank Account?
Thanks for reading.
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