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Indian Overseas Bank unveils ‘Bank on Wheels’ facility

28 May 2019 Evaluate

Indian Overseas Bank (IOB) has unveiled ‘Bank on Wheels’ facility in 14 districts spread across Tamil Nadu, Kerala and the Vijayawada region of Andhra Pradesh.

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.

Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

Peers
Company Name CMP
State Bank Of India 969.40
PNB 114.20
Bank Of Baroda 232.95
Canara Bank 122.40
Union Bank Of India 175.30
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