I'm emailing to IOB today regarding this, if they say so,
Will put 100rs in account, only use this to redeem RSDC benefits
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IOB online account opening detailed process - Best for RSDC
- Thread starter Ram1
- Start date
- Replies 224
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- account account opening iob rsdc
Will put 100rs in account, only use this to redeem RSDC benefits
No yar, here bank charge means bank charges fees for dc,sms alerts,duplicate passbook or statement etc... those wont be counted in 50 debit translations.
Only cash withdrawal at branch is counted for 50 debit transactions, further will be 5rs per transaction.
50 debits at branch in a 6 months period is more than enough especially when we have dc.
Lordkk
TF Ace
The image you and I both uploaded and the charges mentioned in the section b)Applicable for Savings Accounts is part of Point number 6) TRANSACTION ENTRY CHARGES (Folio Charges to be levied annually).
Section a) mentions transaction entry or folio charges for Current Account and. While Section b) mentions transaction entry or folio charges for Saving Account.
@telescope Please help him understand.
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Lorddiesel
TF Select
Ok , you made your point. You win, be happy then
Lorddiesel
TF Select
Great write up
What u guys finalised? Tell final verdit in 1 comment😅
Lordkk
TF Ace
🤣 Those are folio charges for saving account. Means only branch transactions count. Final verdict. Court Dismissed.
Bravo Echo
TF Premier
Y E S
hdebnath
TF Select
So Didn't tick debit card or get default card then upgrade to select?
Bravo Echo
TF Premier
Tick for debit card and later upgrade to select
Garry
TF Premier
So I got another tracking id 2 days ago from SPEEDPOST for my IOB DC and yesterday got sms about 1st tracking id that it has been delivered but I didn’t receive it So I guess it’s delivered in branch. Now I think as I gave request to upgrade before the despatch of 1st card, it’s delivered to branch and upgraded card will be delivered to my address. 🤞
Garry
TF Premier
Both dc, Classic & Rupay, delivered today at my address 😀. Activated RSDC thru netbanking. Thanks for guiding thru this post @Ram1 , @zomatoo, @Anupama_Jha and all other guys who gave helpful info. 🙏
BhaiyaJi
TF Legend
Anytime! Happy to guide you through.
Now summarize the entire timeline for the sake of fellow Fintos.
IOB Onboarding
New
Garry
TF Premier
IOB Online Account Opening & Rupay Select Debit Card (RSDC) Journey 🏦💳
I tried opening an IOB account on 25th Aug using the Video KYC link shared by @Ram1 bro,
(https://vkyc.iob.in/customerVkyc)
but ran into an error after entering PAN and Aadhaar: “UNABLE TO PROCESS YOUR REQUEST. KINDLY CONTACT BRANCH.”
So that route was a no-go, at least for me.
Ended up opening a Digital Insta Account (no Video KYC needed) using another link Ram bro gave.
(https://digital.iob.in/instantaccount/Home/applynow)
That worked smoothly. Got two emails, One with net banking login + fund transfer Pin and another asking to visit the branch for full KYC
Checked with others, turns out the account stays active for up to 1 year without full KYC. So all good for now.
Debit Card Drama 🎭
Applied for a RuPay Classic Debit Card via net banking on 26th Aug. ₹177 got deducted instantly.
Got an SMS on 27th Aug saying the card was dispatched and would arrive in 7–10 days.
Then on 28th Aug, once the Classic card showed up in net banking, I upgraded to RuPay Select Debit Card (RSDC).
₹413 deducted for the upgrade. Got another SMS on 30th Aug confirming dispatch.
Didn’t apply for RSDC directly because the fee was ₹944.
Going through the upgrade route cost me ₹590 total (₹177 + ₹413), so saved a decent chunk there.
Now here's the twist:
To upgrade, you need the expiry date of your current card. Since I hadn’t received mine yet, I asked around.
Most banks follow a simple rule: issue month + 5 years.
But IOB does it differently, they set expiry to Dec + 5 years from issue year.
So if your card is issued in Aug 2025, expiry will be Dec 2030.
Delivery Confusion 📦
On 2nd Sept, got an SMS from India Post with tracking info.
It showed my branch as the destination, which was confusing but the card ended up arriving at my home later.
Then on 4th Sept, got another tracking SMS (assumed it was for the upgraded card).
On 6th Sept, got a “delivered” SMS for the first card, but nothing showed up, figured it went to the branch due to the upgrade.
Finally, on 8th Sept, both Classic and Select cards landed at my doorstep. Activated the RSDC via net banking. All set now!
Hope this helps someone going through the same process.
Shoutout to the folks who helped me figure things out. 🙌
I tried opening an IOB account on 25th Aug using the Video KYC link shared by @Ram1 bro,
(https://vkyc.iob.in/customerVkyc)
but ran into an error after entering PAN and Aadhaar: “UNABLE TO PROCESS YOUR REQUEST. KINDLY CONTACT BRANCH.”
So that route was a no-go, at least for me.
Ended up opening a Digital Insta Account (no Video KYC needed) using another link Ram bro gave.
(https://digital.iob.in/instantaccount/Home/applynow)
That worked smoothly. Got two emails, One with net banking login + fund transfer Pin and another asking to visit the branch for full KYC
Checked with others, turns out the account stays active for up to 1 year without full KYC. So all good for now.
Debit Card Drama 🎭
Applied for a RuPay Classic Debit Card via net banking on 26th Aug. ₹177 got deducted instantly.
Got an SMS on 27th Aug saying the card was dispatched and would arrive in 7–10 days.
Then on 28th Aug, once the Classic card showed up in net banking, I upgraded to RuPay Select Debit Card (RSDC).
₹413 deducted for the upgrade. Got another SMS on 30th Aug confirming dispatch.
Didn’t apply for RSDC directly because the fee was ₹944.
Going through the upgrade route cost me ₹590 total (₹177 + ₹413), so saved a decent chunk there.
Now here's the twist:
To upgrade, you need the expiry date of your current card. Since I hadn’t received mine yet, I asked around.
Most banks follow a simple rule: issue month + 5 years.
But IOB does it differently, they set expiry to Dec + 5 years from issue year.
So if your card is issued in Aug 2025, expiry will be Dec 2030.
Delivery Confusion 📦
On 2nd Sept, got an SMS from India Post with tracking info.
It showed my branch as the destination, which was confusing but the card ended up arriving at my home later.
Then on 4th Sept, got another tracking SMS (assumed it was for the upgraded card).
On 6th Sept, got a “delivered” SMS for the first card, but nothing showed up, figured it went to the branch due to the upgrade.
Finally, on 8th Sept, both Classic and Select cards landed at my doorstep. Activated the RSDC via net banking. All set now!
Hope this helps someone going through the same process.
Shoutout to the folks who helped me figure things out. 🙌
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Happy for you man, huge congratulations 🎊
Garry
TF Premier
Can't speak for others, but I wouldn't have dared to go for IOB if Ram bro hadn't shared his experience and guided me whenever doubts came up.
