Indian Overseas Bank customers can now choose their name as account number

- Advertisement -

Indian Overseas Bank (IOB) has introduced a new scheme that allows customers to choose any name as their savings account number. This scheme, called ‘My Account My Name,’ is the first of its kind in the banking industry. Customers can select their own name or any other name as their account number, which can be used for all transactions.

The scheme was launched virtually by the bank’s managing director and chief executive officer from its Central Office in Chennai. It will be available at all 49 regional offices of IOB in India.

Under this scheme, the account name can be a combination of seven letters, seven numbers, or seven alphanumeric characters. For example, names like AJIT007, PRADHAN, or 2424707 can be used as account numbers.

- Advertisement -

Customers will no longer need to remember their 15-digit account numbers. Initially, the scheme is available for IOB SB HNI (High Net Worth Individuals) and IOB SB SALARY account customers.

IOB has redesigned all its savings account schemes to cater to the diverse needs of different segments of society, including salaried individuals, high net worth individuals, students, pensioners, and senior citizens.

The bank previously revamped its current account schemes on its 87th foundation day in February 2023.

- Advertisement -

Share this article...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

TCS announced double digit salary hike for employees

TCS starts variable pay for Junior Employees

Finance Ministry Proposes Strict Measures to prevent Cyber Fraud after BOB World Scam

Finance Ministry Proposes Strict Measures to prevent Cyber Fraud after BOB World Scam

CA in Pune cheated of Rs 3.4 crore in Share Trading Fraud

Pune-based Chartered Accountant Cheated of Rs 3.4 Crore in Elaborate Share Trading Cyber Fraud

BJP promises to increase Mudra Loan Limit to Rs.20 Lakh

BJP promises to increase Mudra Loan Limit to Rs.20 Lakh

RBI to Introduce New Licensing Framework for Point of Sales (POS) Operators in India

RBI to Introduce New Licensing Framework for Point of Sales (POS) Operators in India

This Man never went to College but now Earns Rs.10 Crore, Read his success story

This Man never went to College but now Earns Rs.10 Crore, Read his success story

Banks can not force Lawyers to pay Court Fees from their own pockets

Banks can not force Lawyers to pay Court Fees from their own pockets

Last 10 years Inflation Rate in India

Last 10 years Inflation Rate in India

1.5 crore individuals have not filed ITR, IT Department will soon send notice to them

Income Tax Department to send notice to 1.5 crore individuals for not filing ITR

Viral Video of Girl changing Clothes openly in front of Public

Viral Video of Girl changing Clothes openly in front of Public

Latest News