Indian Overseas Bank introduces ‘My Account My Name’

Indian Overseas Bank introduces ‘My Account My Name’

Daily Current Affairs   /   Indian Overseas Bank introduces ‘My Account My Name’

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Category : Business and economics Published on: June 16 2023

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  • Indian Overseas Bank (IOB) has introduced a scheme that lets customers choose any name as their savings account number with the Chennai-based lender.
  • The bank’s managing director and chief executive officer Ajay Kumar Srivastava launched the scheme called ‘My Account My Name’ virtually from its Central Office in Chennai. The scheme will be available at all 49 regional offices of the IOB in India.
  • As per the scheme, the account name can be a combination of seven letters, or seven numbers, or seven alphanumeric only like AJIT007, PRADHAN, or 2424707 etc. 
  • Customers will not be required to remember their 15 digits account numbers.
  • To begin with, the scheme is available for IOB SB HNI and IOB SB SALARY account customers.
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