Indian Overseas Bank launches ‘Bank on Wheels’ facility

Indian Overseas Bank (IOB) has announced that it has launched ‘Bank on Wheels’ facility in 14 of its lead districts in Tamil Nadu and Kerala, besides Vijayawada. The mobile van facility will enable the public, especially senior citizens, conveniently get door-step banking facility available at identified locations of the lead districts.

A dedicated banking correspondent will accompany the vehicle with a micro-ATM inside the van to take care of services such as account opening, enrollment of customers in Social Security Scheme, passbook printing, and other financial inclusion activities.

Important Takeaways for SBI PO/Clerk Mains-
1. R Subramaniakumar is MD & CEO of IOB.
2. The headquarters of IOB is in Chennai.

Source- The Hindu Business Line

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