India, 12.06.2023: Indian Overseas Bank Introduces “MY ACCOUNT MY NAME” for Savings Bank account customers, a first-of-its-kind initiative in the banking sector. Now customers will get the freedom to choose any name as their account number with IOB.
The schemes were launched from Central Office, Chennai, virtually by Shri Ajay Kumar Srivastava, MD&CEO, Indian Overseas Bank with all the 49 Regional Offices spread over India.
The Chennai-based Indian Overseas Bank introduces the “MY ACCOUNT MY NAME” feature for Saving Bank account customers. Now the customers of the Bank will have the freedom to choose his/her/any name as his/her account number and the same can be used for all transaction purposes. The account name can be a combination of 7 letters only, 7 numbers only, or 7 alphanumerics only like AJIT007, PRADHAN, 2424707, etc. Customers will not be required to remember their 15 digits and account numbers. To begin with, this facility of “MY ACCOUNT MY NAME” is available for IOB SB HNI and IOB SB SALARY account customers.
IOB has also revamped all its Saving Account Schemes, considering the necessity of all the segments of the society i.e., Salaried Class, HNI, Students, Pensioners, and Senior citizens in line with the present scenario.
Bank has already revamped all its current account schemes on its 87th Foundation Day on 10th February 2023.
