IOB offers upgradation facilities on Savings Scheme

Initiative is in the backdrop of simplifying banking processes by leveraging digital technology providing convenience

CHENNAI:  Public sector Indian Overseas Bank has unveiled a slew of upgradation facilities on savings scheme that offer enhanced features to its customers, a top official has said.

The city-headquartered bank said the initiative was in the backdrop of simplifying banking processes by leveraging digital technology providing convenience.

To be availed through the bank’s website, the higher variants of savings account like “SB Max” and “SB HNI” offer a host of enhanced facilities and features which includes concessions and waiver of various charges providing more value and flexibility solutions to customers.

“We are committed to offering a comprehensive self-service model that enhances our customers’ banking experience. By leveraging the latest technology, we aim to simplify banking processes and introduce innovative solutions to enhance banking convenience,” the bank’s Managing Director and CEO Ajay Kumar Srivastava said in a statement on Sunday.

In addition to this service, Indian Overseas Bank has launched a new service enabling customers to access their loan account statements directly through the Digilocker application or website under its move to expand the service, the statement said.