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IOB launches Bank on Wheels

Indian Overseas Bank has launched ‘Bank on Wheels’ facility in 14 of its lead districts in Tamil Nadu and Kerala, besides Vijayawada. The bank said it will provide banking services through mobile vans, a facility that will enable the public, especially senior citizens, conveniently get door-step banking 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. Chennai, Kanyakumari, Karur and Nagapattinam are some of the areas that will be covered in Tamil Nadu.

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