Monday, January 13, 2025
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IOB offers upgradation facilities on Savings Scheme

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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 bankโ€™s website, the higher variants of savings account like โ€œSB Maxโ€ and โ€œSB HNIโ€ offer a host of enhanced facilities and features which includes concessions and waiver of various charges providing more value and flexibility solutions to customers.

โ€œWe are committed to offering a comprehensive self-service model that enhances our customersโ€™ banking experience. By leveraging the latest technology, we aim to simplify banking processes and introduce innovative solutions to enhance banking convenience,โ€ the bankโ€™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.

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