Indian Overseas Bank Introduces “MY ACCOUNT MY NAME” for Savings Bank account customers, a first of its kind initiative in the banking sector. Now customers will get freedom to choose any name as their accounts number with IOB.

The schemes were launched from Central Office, Chennai, virtually by  Shri Ajay Kumar Srivastava, MD&CEO, Indian Overseas Bank with all the 49 Regional Offices spread over India.

The Chennai based Indian Overseas Bank introduces “MY ACCOUNT MY NAME” feature for Saving Bank account customers. Now the customers of the Bank 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. The account name can be a combination of 7 letters only, or 7 numbers only or 7 alpha numeric only like AJIT007, PRADHAN or 2424707 etc. Customers will not be required to remember their 15 digits’ account numbers. To begin with this facility of “MY ACCOUNT MY NAME” is available for IOB SB HNI and IOB SB SALARY account customers.    

IOB has also revamped all its Saving Account Schemes, considering the necessity of all the segments of the society i.e., 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 10th February 2023.