At Indian Overseas Bank, we put the interest of our customers in the forefront and greatly value the faith that they have in us for their banking needs. IOB Rewardz program allows its members to earn reward points on all transactions made through their Indian Overseas Bank Debit Cards at POS (Point of Sale) or E-Commerce outlets.
By associating with Max Get More, Indian Overseas Bank (IOB) offers you an opportunity to earn higher reward points for every rupee spent at Max Get More outlets. Now, for every Rs. 100 spent using your IOB Debit Card get more IOB Rewardz Points. Moreover, with Max Get More, you get an option of instant redemption of your points at the store and can avail of great discounts. Also, you will be entitled to receive other special benefits at Max Get More outlets.
Indian Overseas Bank (IOB) was founded on February 10th 1937, by Shri.M.Ct.M. Chidambaram Chettyar, a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking. IOB had the unique distinction of commencing business on 10th February 1937 (on the inaugural day itself) in three branches simultaneously - at Karaikudi and Chennai in India and Rangoon in Burma (presently Myanmar) followed by a branch in Penang. In 1964, the Bank made a beginning in computerisation in the areas of inter-branch reconciliation and provident fund accounts. In 1968, IOB established a full-fledged department to cater exclusively to the needs of the Agriculture sector. IOB was one of the 14 major banks that was nationalised in 1969. In 1973, IOB had to wind up its five Malaysian branches as the Banking law in Malaysia prohibited operation of foreign Government owned banks.
During 1999, IOB started tapping the potential of internet by enabling ABB card holders in Delhi to pay their telephone bills by just logging on to MTNL web site and by authorising the Bank to debit towards the telephone bills.