Archive · 10 Sep 2026
Indian Overseas Bank opens seventh Srikakulam branch at Ranastalam
Indian Overseas Bank opened a new branch in Ranastalam.
Ranastalam is in Srikakulam district.
The branch is fully air-conditioned.
Local MLA Nadukuditi Eswara Rao inaugurated it on Wednesday.
The branch will make banking easier for residents, farmers and entrepreneurs.
It is IOB’s seventh branch in the district.
It is also the bank’s 80th branch in the Visakhapatnam Region.
IOB also explained a special 444-day deposit plan with different interest rates for customers.
Indian Overseas Bank inaugurated a fully air-conditioned branch at Ranastalam in Srikakulam district on Wednesday.
Etcherla MLA Nadukuditi Eswara Rao said the branch would improve banking access and support local economic activity.
The Ranastalam branch is IOB’s seventh branch in Srikakulam district and 80th under its Visakhapatnam Region.
IOB highlighted its 444-day term deposit scheme, with interest rates ranging from 6.60% to 7.35%.
The bank said it aims to support Andhra Pradesh’s development and the “Swarna Andhra 2047” entrepreneurship vision.
- Who
- Indian Overseas Bank, Etcherla MLA Nadukuditi Eswara Rao and IOB Visakhapatnam Region Senior Regional Manager Ravi Kumar Gupta were involved.
- What
- Indian Overseas Bank opened a new fully air-conditioned branch.
- When
- The branch was inaugurated on Wednesday.
- Where
- Ranastalam, in Srikakulam district, Andhra Pradesh.
- Why
- The branch is intended to improve access to banking and financial services and support local people, farmers, entrepreneurs and economic activity.
- Bank
- Indian Overseas Bank (IOB)
- Location
- Ranastalam, Srikakulam district, Andhra Pradesh
- District branches
- Seventh IOB branch in Srikakulam district
- Regional branches
- 80th branch under the Visakhapatnam Region
- Deposit duration
- 444 days
- General public rate
- 6.60%
- Senior citizen rates
- 7.10% for senior citizens and 7.35% for super senior citizens