CHENNAI: Public sector Indian Overseas Bank (IOB) has launched ‘My Account My Name’ for savings bank account customers. Now, customers can choose any name as their account number with IOB.
It is a first-of-its-kind in the banking sector, according to a statement from the bank. Bank customers 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.
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The account name can be a combination of seven letters only or seven numbers only or seven alphanumeric — like AJIT007, PRADHAN or 2424707 and others.
Customers will not be required to remember their 15-digit account numbers. To begin with, this facility is available for IOB SB HNI and IOB SB salary account customers.
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IOB has also revamped all its saving account schemes, considering the necessity of all the segments of the society such as the salaried class, HNI, students, pensioners, senior citizens in line with present scenario. Bank has already revamped all its current account schemes on its 87th Foundation Day on February 10, 2023.
