Indian Overseas Bank (abbreviated: IOB) was established on the 10th of February, 1937. It was founded by Shri. M.Ct.M.Chidambaram Chettyar. This is the first bank to introduce Personal Loan Schemes and consumer credit provisional options. Slowly, it launched the facility services of provident funds and inter-branch reconciliation facilities. However, in the year 1969, IOB earned the status of being a national banking institute of India. Presently, IOB has 1427 national branch and 6 overseas branches. The bank features 436 ATM & 243 extension counters.
IOB had opened its first overseas branch in Singapore. The year was 1941 when this branch was opened in Singapore. This branch offers services in agriculture consultancy, savings banking, current account, fixed deposit, trade finance, remittance, credit, NRI Services cheque facility, merchant banking, cross selling insurance products, and multi-city cheque facility. The Singapore branch features facility of ‘Any Branch Banking’. This allows clients to use any branch of the IOB for money deposition, withdrawal, etc. Apart from Singapore, the IOB has its branches in Seoul, Hong Kong, and Colombo. It has also opened a specialized foreign currency banking unit in Colombo.
The Depository services offered by IOB Singapore branch include DP Forms, DP Centers, and Equity Trading.
Specialties:
- The Indian Overseas Bank Singapore Branch is strategically located centrally in the city’s business hub.
- The bank has its own building in Cecil Street. It is just a minute’s walking distance from Raffles Place & China Town MRT stations
- IOB Singapore branch is fully automated with SWIFT facility
- Presence of well equipped dealing room
- Rendering complete range of banking services for past 62 Years
- Have strong specialization in services of Retail Banking, Remittance, Credit, & Trade Finance
- From the IOB Singapore branch, NRI account in Indian IOB branch can be carried out with ease
- Widest range of remittance facilities to India
- To meet with expatriate requirements, working hours on Saturday has been extended
IOB Singapore Branch Details:
| Branch Code | 503 |
| Full Address | INDIAN OVERSEAS BANK IOB building, 64 Cecil Street Singapore – 049711 |
| Gram | OVERIND |
| Swift Code | IOBASGSG |
| Fax | 62244490 (Main) / 62237154 (CES) / 63241418 (Trade Finance) / 62240286 (Retail) / 62211356 (Credit) |
| CES (Chief Executive/CE Secretariat) | iobces@iob.com.sg |
| Asst General Manager | cmcredit@iob.com.sg |
| IT | itmgr@iob.com.sg; iobedp@iob.com.sg |
| Credit | crmgr@iob.com.sg; smcredit@iob.com.sg; iobcredit@iob.com.sg |
| Forex Settlement | iobforex@iob.com.sg |
| Trade Finance | cmtrade@iob.com.sg; iobtrade@iob.com.sg |
| Retail | iobretail@iob.com.sg; dm-marketing@iob.com.sg |
| Accts / staff/ recon | iobaccounts@iob.com.sg |
| Internal audit | iobaudit@iob.com.sg |
| Telephone (Office) | |
| Telephone – Main | 62251100 |
| Chief Executive | 62230407 / 63724401 |
| Asst. General Manager | 63724435 |
| Manager (Trade) | 63724419 |
| Dealer | 63724405 |
| Senior Manager (Systems) | 63724420 |
| Senior Manager (Audit) | 63724416 |
| Senior Manager (Trade) | 63724417 |
| Manager (Credit) | 63724403 |
| Asst. Manager (Accounts) | 63724412 |
| Dy. Manager (Retail) | 63724428 |
| Telephone (Residence) | |
| Chief Executive | 64405741 |
| Assistant General Manager | 65132362 |
The banking hour on weekdays is from 9.30 am to 3.00 pm. On Saturdays, the banking hour is 9.30 am to 12.30 pm. The working hours during weekdays are 9.15 am to 6.25 pm. On Saturdays, the working hour is 8.45am to 2.15 pm. Sunday is the weekly holiday for Bank.