Indian Bank, public sector lender has introduced the account portability feature for transfer of deposit accounts from one branch to another branch. It will be done in the system within minutes and will be hassle free.
With this facility customers will get the freedom of operating their account from any of the branches. They can shift their account to any of the desired branch any number of times, without any change in the account number, with just a change in home branch code. The customer has to approach either the home branch or the transferee branch with a request letter for transfer of account.
The bank’s net profit for the quarter has moderately rose by 7.05% at Rs 525.93 crore as compared to Rs 491.29 crore for the December quarter of the previous fiscal. The bank’s total income has increased by 32.75% at Rs 3,505.26 crore for the quarter under review from Rs 2,640.58 crore for the December quarter of the previous fiscal.
