Indian Overseas Bank Singapore is the Singapore branch of Indian Overseas Bank, an India-incorporated public sector bank with a long-standing role in India-linked banking, remittances, trade finance and relationship banking. In Singapore, the bank is listed by the Monetary Authority of Singapore as a Full Bank and its public branch address is 64 Cecil Street, IOB Building, Singapore 049711. Customers should verify account terms, service charges, branch access and transfer details through the official bank pages before making a banking decision.
India-Incorporated
Cecil Street Branch
SWIFT: IOBASGSG
Indian Overseas Bank Singapore Main Details
Indian Overseas Bank Singapore
Indian Overseas Bank
1937
Started in February 1941 according to the bank’s Singapore branch profile
Full Bank, as listed by the Monetary Authority of Singapore
64 Cecil Street, IOB Building, Singapore 049711
0503
IOBASGSG
Rakesh Kumar Sharma, as listed by MAS and the bank’s official Singapore page
IOB Singapore official site
About Indian Overseas Bank Singapore
Indian Overseas Bank Singapore serves customers who need banking access between Singapore and India, as well as businesses using Singapore for trade, treasury and cross-border payment activity. The Singapore branch states that it is located in the Central Business District and supports retail banking, remittance services, trade finance and credit services.
The bank is not positioned as an islandwide retail network with many public branches. Its Singapore footprint is more focused: one main public branch, official digital and relationship channels, and product pages for deposit accounts, current accounts, fixed deposits, trade finance, credit and exchange-related services.
For branch-level information, use the dedicated Indian Overseas Bank branch page. For transfer lookups, the separate IOB Singapore SWIFT code page is more useful.
Banking Services in Singapore
Deposit Accounts
IOB Singapore lists savings account, current account and fixed deposit services. Account opening is subject to bank review, KYC checks, required documents and current product terms.
Remittance Services
The bank’s Singapore site highlights remittance services, demand drafts and telegraphic transfers. Customers should check transfer charges, exchange rates and recipient details before sending funds.
Trade Finance
IOB Singapore lists letter of credit, import bills, export bills, collection bills and related trade finance support. Business users should confirm documentation and approval requirements directly with the branch.
Credit Services
Credit services may be relevant for eligible retail or business customers. Approval, collateral, pricing and documentation depend on the bank’s assessment and prevailing policy.
Branches and ATM Access
The main publicly listed branch is at Cecil Street. Opening hours and service counters can change during public holidays, maintenance periods, renovation works, bank notices or temporary service updates, so the official branch page should be checked before visiting.
| Branch Name | Google Maps | Full Address | Postal Code | Opening Hours | Saturday / Sunday Availability | Main Services | Official Verification |
|---|---|---|---|---|---|---|---|
| Main Branch, Cecil Street | View On Google Maps | 64 Cecil Street, IOB Building, Singapore 049711 | 049711 | Confirm through the official branch page before visiting | Not confirmed in the public branch listing | Retail banking, remittance, trade finance, credit services, SWIFT facility | Official branch page |
Branch addresses and opening hours may change. Use the official bank page for the latest branch status and service availability, then use Google Maps for route planning.
SWIFT, Branch Code and Transfer Details
For international transfers to Indian Overseas Bank Singapore, the commonly listed SWIFT / BIC is IOBASGSG. Some transfer platforms may show the 11-character version as IOBASGSGXXX, where “XXX” refers to the primary office or default branch code in SWIFT format.
| Field | Detail | Use Case | Verification |
|---|---|---|---|
| Bank Name | Indian Overseas Bank, Singapore | Beneficiary bank name for transfers | Match with beneficiary instructions |
| SWIFT / BIC | IOBASGSG | International telegraphic transfer routing | Check with the bank before sending high-value transfers |
| Branch Code | 0503 | Singapore branch identification in bank records | Listed on the bank’s official Singapore branch page |
| Address | 64 Cecil Street, IOB Building, Singapore 049711 | Bank address for beneficiary bank details | Confirm with transfer form or relationship manager |
For local and international payment context, compare this with the Singapore bank code list and check possible costs in international transfer fees.
Account Opening and Documents
IOB Singapore publishes separate pages for savings accounts, current accounts and fixed deposits. Required documents are described as indicative and non-exhaustive, and account approval remains subject to the bank’s checks. This means a visitor should prepare documents but should not assume approval before the branch confirms eligibility.
Savings Account
The bank states that savings accounts may be opened in SGD, USD or GBP for individuals, subject to bank approval for foreign currency accounts and current requirements.
Current Account
Current accounts may be relevant for individuals, companies, charities, associations, sole proprietorships and partnerships, with documentation varying by applicant type.
Fixed Deposit
Fixed deposits can be placed in major currencies subject to minimum placement, tenure, early withdrawal and currency-related terms published by the bank.
Applicants comparing branch and remote processes may also find account opening documents and branch account opening useful for broader Singapore context.
Financial Indicators From the Parent Bank
The figures below refer to Indian Overseas Bank as the parent bank, not a Singapore branch-only balance sheet. They help show the size and recent reported performance of the wider banking group, while Singapore branch decisions should still be based on local terms, MAS registration, product documents and official branch communication.
Selected Year-on-Year Movement Reported for FY2026
Bar widths are scaled against the largest percentage in this set, net profit growth at 56.16%.
| Metric | Latest Reported Value | Movement | Scope | Notes |
|---|---|---|---|---|
| Net Profit | ₹5,208 crore for 12 months FY2026 | Up 56.16% year-on-year | Parent bank | Reported in IOB Q4 FY26 press release |
| Operating Profit | ₹10,026 crore for 12 months FY2026 | Up 15.40% year-on-year | Parent bank | Reported in IOB Q4 FY26 press release |
| Net Interest Income | ₹12,574 crore for 12 months FY2026 | Up 15.46% year-on-year | Parent bank | Group-level figure, not Singapore branch-only |
| Total Deposits | ₹3.68 lakh crore as of March 2026 | Up 18.03% year-on-year | Parent bank | Includes the bank’s wider operations |
| Total Advances | ₹3.10 lakh crore as of March 2026 | Up 24.16% year-on-year | Parent bank | Credit book figure at parent level |
| Total Business | ₹6.79 lakh crore as of March 2026 | Up 20.76% year-on-year | Parent bank | Deposits plus advances |
| Gross NPA Ratio | 1.42% in March 2026 | Down 72 bps year-on-year | Parent bank | Asset quality metric |
| Return on Equity | 21.94% for March 2026 quarter | Up 241 bps year-on-year | Parent bank | Quarterly performance metric |
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Digital Banking and Payment Access
IOB Singapore is useful for relationship-led banking and India-linked services, but customers should check which services are handled through Singapore branch channels, parent-bank platforms or in-person processes. Digital access, remittance limits, account controls and document upload options can differ by product and customer profile.
What Can Be Checked Online
- Official service pages for savings, current account and fixed deposit terms
- Exchange rates and interest rate pages when published
- Service charge pages before account opening or transfers
- Downloadable forms and bank contact channels
What May Need Branch Contact
- Document review for new accounts
- Trade finance documentation
- High-value or unusual transfer checks
- Relationship manager confirmation for business customers
For Singapore transfer infrastructure context, compare IOB’s branch-led services with FAST transfers in Singapore and PayNow setup.
Deposit Insurance Notes
IOB Singapore publishes the standard Singapore deposit insurance wording on its local site. Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation for up to S$100,000 in aggregate per depositor per Scheme Member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Deposit insurance coverage depends on deposit type, currency and depositor category. Customers should read the bank’s current SDIC notice and product terms before placing funds.
How IOB Singapore Compares With Larger Retail Banks
Indian Overseas Bank Singapore is best compared as a focused foreign bank branch rather than a domestic mass-market bank. It may be relevant for India-linked banking, trade relationships and customers who prefer an Indian public sector bank presence in Singapore. Customers needing many branches, broad card ecosystems or lifestyle rewards may also compare larger local and international banks.
| Comparison Area | Indian Overseas Bank Singapore | Large Local Retail Banks | What to Check |
|---|---|---|---|
| Branch Network | One main public branch listed | Wider islandwide branch and ATM access | Convenience, counter needs and weekend access |
| India-Linked Banking | Strong fit for India relationship and remittance context | May offer broad multi-currency and remittance platforms | FX rate, transfer charge and beneficiary bank rules |
| Trade Finance | Lists letters of credit, import bills, export bills and collection bills | Often have wider digital trade platforms | Documentation, pricing and processing channel |
| Deposit Products | Savings, current account and fixed deposit pages are published | More account bundles and card-linked features may be available | Minimum balance, fall-below fees, currency and SDIC coverage |
Verification Notes
Use the MAS Financial Institutions Directory to verify licence status, address and listed officers. Use the official IOB Singapore branch page for branch code, SWIFT and contact details. Use the IOB Singapore local website for account pages, service charges, rates, downloads and branch updates.
Financial figures in this page refer to the Indian Overseas Bank parent bank’s public FY2026 reporting unless a section clearly states Singapore branch information. Product terms, rates, charges, eligibility and opening hours may change without the same timing as editorial updates.
FAQ
Is Indian Overseas Bank regulated in Singapore?
Yes. The Monetary Authority of Singapore lists Indian Overseas Bank as a Full Bank in its Financial Institutions Directory.
What is the SWIFT code for Indian Overseas Bank Singapore?
The official Singapore branch page lists the SWIFT code as IOBASGSG. Some transfer systems may display the 11-character version IOBASGSGXXX.
Where is Indian Overseas Bank Singapore located?
The public branch address is 64 Cecil Street, IOB Building, Singapore 049711.
Can foreigners open an IOB Singapore account?
Account opening depends on the product, documents, residency or pass status, KYC checks and the bank’s approval. Check the official account page and contact the branch before visiting.
Are IOB Singapore deposits insured by SDIC?
IOB Singapore publishes the standard SDIC wording for eligible Singapore dollar deposits of non-bank depositors, up to S$100,000 in aggregate per depositor per Scheme Member. Foreign currency deposits and some investment products are not insured.
